SmartStop Self Storage REIT(NYSE) SMA

SmartStop Self Storage REIT, Inc. rents storage units to people and businesses. It helps customers keep their belongings in safe, secure spaces. The company operates facilities across the United States and Canada.

Storing Your Stuff

• Wholly-Owned Properties: Rental units at 180 facilities; generated $130.7 million in revenue for the six months ended June 30, 2026.
• Managed Platform: Operational oversight for 270 properties owned by third parties and other investment trusts as of June 30, 2026.
• Tenant Protection Programs: Insurance and protection plans for customers at managed storage facilities.

Building a Bigger Footprint

• Acquired Argus Professional Storage Management, LLC on Oct. 1, 2025 to add 220 managed properties.
• Formed a joint venture in July 2024 to build a storage site in Nantucket.
• Established a Canadian partnership with SmartCentres to develop new storage locations.
• Launched an at-the-market distribution agreement on March 19, 2026 to potentially sell $300 million in stock.

How SmartStop Stays Efficient

SmartStop uses a central call center and digital tools to handle customer sales and marketing efficiently. The company targets storage properties located in the 100 largest metropolitan areas in North America.

Key Financial Results

• Self storage revenues reached $130.7 million for the six months ended June 30, 2026, up 9% year over year.
• Net operating income hit $82.5 million for the six months ended June 30, 2026, up 9.7% year over year.
• Interest expense fell to $26.5 million for the six months ended June 30, 2026.
• Net income was $22.3 million for the six-month period ended June 30, 2026.

The Evolution of SmartStop

SmartStop has evolved into a fully integrated operator with a large third-party management platform. Its focus on technology and metropolitan markets supports its long-term growth across North America.