LinkedIn
WebsiteIntroduction to SMARTRENT INC
SMARTRENT INC (NYSE: SMRT) develops smart home and property solutions for the multifamily industry. As of August 18, 2025, its share price was USD 1.5188, an increase of 15.06% on the day, with a trading volume of 1,110,734.
| Metric | Value |
|---|---|
| Price (USD) | 1.5188 |
| Change (%) | +15.06 |
| Volume | 1,110,734 |
| Exchange | NYS |
| Ticker | SMRT |
Corporate Structure and Workforce
Founded in 2017, SmartRent went public in 2021 and is headquartered in Phoenix, Arizona, with a technology center in Hyderabad, India. According to its LinkedIn profile, the company employs between 501 and 1,000 people. SmartRentās platform serves 15 of the top 20 multifamily owners and operators, integrating smart hardware and cloud-based SaaS to automate workflows and enhance operational visibility.
Smart Home Solutions by Dan LeFebvre
Recent Developments and News
ā¢ On July 16, 2025, SmartRent filed a Schedule 13G/A amendment reporting that BlackRock, Inc. held 3,072,942 shares, representing 1.6% of common stock, all with sole voting and dispositive power.
ā¢ On August 6, 2025, the company submitted its Q2 2025 Form 10-Q, disclosing its interim financials, and an 8-K current report covering operational updates and governance items.
ā¢ In the 2025 PropTech Breakthrough Awards, SmartRent received the award for āResidential Property Management Platform of the Year,ā highlighting its fully integrated ecosystem.
ā¢ Since mid-2024, SmartRent introduced SMRT IQ, Smart Launch, Teams, Triggers, and Maintenance Dashboardsāfeatures designed to simplify workflows, automate tasks, and provide real-time portfolio insights.
Financial and Strategic Analysis
Although specific Q2 revenue and net income figures were not publicly extracted, the 10-Q filing emphasizes key metrics such as EBITDA, cash flow from operations, and debt-to-equity ratios. The stockās 15.06% intraday gain on August 18 may reflect investor interest, potentially influenced by award recognition and product launches. Institutional ownership remains notable, as indicated by BlackRockās amended 13G/A filing.
Strategically, SmartRent has committed USD 10 million to the development of next-generation technology and expanded hardware integrations with major property management systems including Yardi and Entrata. Product development focuses on AI-driven analytics, self-guided tours, and energy management features, while partnerships with multifamily operators aim to enhance adoption in new markets.
Market Position and Industry Context
SmartRent reports:
- Over 600 clients served
- 1.3 million rental homes under Smart Operations Solutions
- 828,000 rental homes powered by Smart Communities Solutions
- 3.1 million connected devices (as of March 31, 2025)
Customer feedback indicates that its solutions can add approximately USD 30ā60 of net operating income per unit each month. The market for multifamily IoT and smart building solutions remains competitive, with regulatory standards on data privacy and energy efficiency influencing product development.
tl;dr
As of August 18, 2025, SMARTRENT INC shares rose 15.06% amidst increased investor interest following recognition at the 2025 PropTech Breakthrough Awards and the launch of AI-driven tools like SMRT IQ. Recent SEC filings (10-Q and 8-K, both dated August 6) indicate ongoing financial reporting, while a July 16 Schedule 13G/A amendment confirms BlackRockās 1.6% ownership. Moving forward, SmartRentās USD 10 million investment in next-generation property technology and expanding integrations with major property management platforms suggest a continued focus on market growth and product innovation.
