Smartstop Self Storage Reit, Inc. · NYSE:SMA
Smartstop Self Storage Reit — Investor Presentation (August 2026)
37 slides from Smartstop Self Storage Reit's investor presentation, Aug 13, 2026
Slide 1: Investor Presentation August 2026
Investor Presentation August 2026 Location: 401 Bellevue Rd., Newark, DE
Slide 2: Disclaimer & Forward-Looking Disclosure
Disclaimer & Forward-Looking Disclosure Certain of the matters discussed in this investor presentation, other than historical facts, constitute forward-looking statements within the meaning of the federal securities laws, and we intend for all such forward-looking statements to be covered by the app
Slide 3: SmartStop Overview
Smartstop overview SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”) is an NYSE listed (NYSE: SMA) premier self storage owner and operator that maintains a high-quality and diversified portfolio across the United States and Canada Demonstrated track record of growth, growing its total
Slide 4: Successful Track Record of Growing the SmartStop Platform
Successful Track Record of Growing the SmartStop Platform MARCH 2008 SST, first public non-traded REIT entirely focused on self storage, declared effective and begins offering shares at $10.00 SEPTEMBER 2013 SST II is established JUNE 2019 SST II completes Self Administration Transaction; renames co
Slide 5: Key Investment Highlights
Key Investment Highlights The Deca Initiative: A Multi-Pronged Growth Strategy 1 High Quality, Diversified Portfolio In Key Growth Markets 2 Differentiated Canadian Exposure 3 Operational Performance and Technology Platform 4 Capital Light Scaling: Third-Party Management, Managed REIT Platform and B
Slide 6: The Deca Initiative - Six Integrated Pillars for Future Growth
The Deca Initiative - Six Integrated Pillars for Future Growth 1 Disciplined Execution, Compounding Appreciation through six defined pillars for outsized long-term value creation Disciplined Capital Allocation NAV Creation Engine Targeting accretive growth and value creation through: On-balance shee
Slide 7: The Deca Initiative: Q2 2026 Momentum
+14% YOY Growth of Recurring Managed REIT Fees +3.7%(2) Same-Store NOI Growth YoY, Q2 2026 The Deca Initiative: Q2 2026 Momentum 1 “Our results and activity this quarter are a perfect reflection of this initiative.” – H. Michael Schwartz, Founder, Chairman, & CEO +17.6%(1) FFOa/Share Growth YoY – Se
Slide 8: SmartStop Owns a High Quality Portfolio in Key Growth Markets
SmartStop Owns a High Quality Portfolio in Key Growth Markets Note: As of 6/30/2026 unless noted otherwise. Figures reflect owned JVs at 100% of NRSF. (1) As of 6/30/2026; (2) Toronto included as a top 25 MSA. Top 25 MSA’s as defined by 2024 U.S. Census Bureau data. Metric refers to owned properties
Slide 9: SmartStop Maintains a High-Performing Portfolio Relative to Peers
SmartStop Maintains a High-Performing Portfolio Relative to Peers Sources: Public company filings and financial supplements for the quarter ended June 30, 2026. (1) Same-Store NOI is a non-GAAP measure. See Appendix for a reconciliation of this measure to the most directly comparable GAAP measure. (
Slide 10: Portfolio Focused on Large Markets with Attractive Demographics
Portfolio Focused on Large Markets with Attractive Demographics Sources: Claritas, SNL Financial, Statistics Canada. Top 10 markets ranked by NRSF as of 12/31/2024. (1) Peers include PSA, EXR, CUBE, and NSA. (2) Toronto included as a top market. (3) Statistics Canada for 2023 and Ontario Ministry of
Slide 11: Toronto and Greater Canada Represent an Untapped Growth Opportunity
Québec Ontario Toronto 2.3x 2.0x Montreal 2.5x Vancouver British Columbia 2.3x Calgary 2.8x Edmonton Alberta 2.2x Manitoba Supply Ratio Saskatchewan Toronto and Greater Canada Represent an Untapped Growth Opportunity 3 Sources: Claritas, Colliers, CoStar, Green Street, SNL Financial, Statistics Cana
Slide 12: SmartStop's GTA and Broader Canadian Expansion is a Differentiated Strategy
SmartStop’s GTA and Broader Canadian Expansion is a Differentiated Strategy 3 (1) Colliers January 2024 report; (2) 2024 Self-storage Almanac; (3) Statistics Canada and Ontario Ministry of Finance; (4) Metrics for the Greater Toronto Area, Vancouver, Montreal, and Alberta, as of 6/30/2026; includes
Slide 13: Dash: SmartStop's Proprietary Integrated Technology Platform
Dash: SmartStop’s Proprietary Integrated Technology Platform Cloud-based Technology Backbone of Our Platform Accelerates innovation Facilitates delivery of strategic objectives 4 Collaborative development with vendor Designed for real-time data access and availability Focus on customer-centric and m
Slide 14: Ability to Deliver Leading Customer Experience
Ability to Deliver Leading Customer Experience Technology-driven platform gives SmartStop the ability to meet customers’ unique service needs Dedicated In-House Call Center Dedicated call center employees streamline the customer experience. Agents able to use web-based or SMS text features to comple
Slide 15: Strong Track Record of Internal Growth
(3.1%) Strong Track Record of Internal Growth 4 Sources: Public company filings and financial supplements. Note: peers may have different definitions of same-store metrics. (1) Represents the simple average of quarterly year-over-year same-store revenue growth for the most recent 12 quarters (the qu
Slide 16: Existing Embedded Internal Growth Opportunities
Existing Embedded Internal Growth Opportunities 4 Source: Company data and filings. (1) Rent POF defined as annualized rental revenue net of discounts & concessions, excluding late fees, administrative fees and parking income, divided by occupied square feet of storage. (2) NOI and Adjusted EBITDA a
Slide 17: Internal Growth Strategy
Internal Growth Strategy 4 Internal Growth Strategic Highlights Historical Same-Store AVERAGE Occupancy(1) Historical Same-Store RentPOF(1)(2) SmartStop’s strategic internal growth initiatives have proven successful on key operational statistics Average: $20.08 Average: 92.6% Maximize net operatin
Slide 18: Operations Update
Operations Update Post Quarter-End Operational Updates Same-Store Ending Occupancy(1) Same-Store In-Place Rates(2) Move-In Rates(4) Same-Store Web Rates(3) 4 2025 2026 2025 2026 2025 2026 Bothell Everett Hwy. Mill Creek, WA Hydraulic Rd. Charlottesville, VA 2025 2026 2025 2026 2025 2026 2025 2026 20
Slide 19: Bridge Lending – Overview
Bridge Lending – Overview Overview: In March of 2026, SmartStop Self Storage REIT, Inc. (“SmartStop”) announced the formation of a real estate credit joint venture (“the Venture”) with AXCS Capital (“AXCS”), a Los Angeles-based commercial real estate investment management firm, targeting bridge debt
Slide 20: Third-Party Platform – SMA's Differentiated Third-Party Offerings & Portfolio Overview
First & River SS – Tuscon, AZ A white-labeled solution that preserves the partner’s brand identity end-to-end, while seamlessly operating on the SmartStop platform and maintaining marketing autonomy private label C Update to APSM Market A hybrid model where partners retain their existing brand ident
Slide 21: SmartStop Managed REIT Platform Provides Additional Capital Allocation Flexibility
SmartStop Managed REIT Platform Provides Additional Capital Allocation Flexibility 5 NRSF 2,759,600 Note: All data as of 6/30/2026. (1) Represents Strategic Storage Trust VI, Inc. ("SST VI"), a non-traded REIT with a publicly-registered offering that was declared effective by the SEC on 3/17/2022. (
Slide 22: Experienced Senior Management Team
Experienced Senior Management Team 6 SmartStop Executive Management Team H. Michael Schwartz Chairman, Chief Executive Officer & President 21 Years of Storage Experience 21 Years at SmartStop and Affiliates Wayne Johnson Chief Investment Officer 40 Years of Storage Experience 20 Years at SmartStop a
Slide 23: Experienced Board of Directors
Paula Mathews Director David J. Mueller Independent Director Harold "Skip" Perry Independent Director Experienced Board of Directors Founder, CEO, President, and Chairman of SmartStop In 2007, founded Strategic Storage Trust (“SST”), which was ultimately sold to Extra Space Storage in 2015 Negotiate
Slide 24: Investment Grade Rated Balance Sheet Positioned for Growth
Investment Grade Rated Balance Sheet Positioned for Growth (1) As of 6/30/2026. (2) Includes intra-quarter net interest income of $258,000 (incremental interest income from lending, less interest income from debt repaid during the quarter), Managed REIT fee income of $21,000 and NOI of $374,000 abov
Slide 25: Appendix
Appendix
Slide 26: Solar Initiative Highlights
Solar Initiative Highlights(1) $1.3M Existing Est. Annual Savings $1.8M Expected Est. Annual Savings $11.0M Existing Investment $17.3M Expected Investment 68 Live Solar Sites 91 Expected Solar Sites 17.9 GWh Cumulative Production 12.3 GWh Expected Annual Production Actual GWh Production (1) Includes
Slide 27: MSA Exposure – Total Wholly-Owned Portfolio
MSA Exposure – Total Wholly-Owned Portfolio Total Wholly-Owned Portfolio at 6/30/26 (1) MSAs (Metropolitan Statistical Areas) as defined by the U.S. Census Bureau. Toronto CMA (Census Metropolitan Area) as defined by Statistics Canada. (2) For the quarter ended June 30, 2026. (3) Other markets inclu
Slide 28: MSA Exposure – Total Owned or Managed Portfolio
MSA Exposure – Total Owned or Managed Portfolio Total Owned or Managed Portfolio at 6/30/26 Note: Amounts include properties owned in joint ventures. (1) MSAs (Metropolitan Statistical Areas) as defined by the U.S. Census Bureau. Toronto CMA (Census Metropolitan Area) as defined by Statistics Canada
Slide 29: Reconciliation: Net Income (Loss) to Net Operating Income: Trailing 6 Quarters
Reconciliation: Net Income (Loss) to Net Operating Income: Trailing 6 Quarters ($ in thousands) Note: During the second quarter of 2026, we removed two properties from our same-store pool in connection with the taking of one property during the second quarter of 2026, and the taking of a second prop
Slide 30: Reconciliation: Net Income (Loss) to Adjusted EBITDA: Trailing 6 Quarters
Reconciliation: Net Income (Loss) to Adjusted EBITDA: Trailing 6 Quarters Note: During the second quarter of 2026, we removed two properties from our same-store pool in connection with the taking of one property, and the anticipated taking of a second property, by the North Carolina Department of Tr
Slide 31: Reconciliation: Same-Store Net Operating Income to Total Net Operating Income
Reconciliation: Same-Store Net Operating Income to Total Net Operating Income NM: Not meaningful comparison (1) RentPOF defined as annualized rental revenue net of discounts & concessions, excluding late fees, administrative fees and parking income, divided by occupied square feet of storage. Not in
Slide 32: Reconciliation: Same-Store Facility Results — Years Ended December 31, 2025 and 2024
Reconciliation: Same-Store Facility Results — Years Ended December 31, 2025 and 2024 ($ in thousands) N/M Not meaningful (1) Revenue includes rental income, certain ancillary revenue, administrative and late fees, and excludes Tenant Protection Program revenue. (2) Among other expenses, property ope
Slide 33: Reconciliation: Same-Store Facility Results — Years Ended December 31, 2024 and 2023
Reconciliation: Same-Store Facility Results — Years Ended December 31, 2024 and 2023 NM: Not meaningful comparison (1) Revenue includes rental income, certain ancillary revenue, administrative and late fees, and excludes Tenant Protection Program revenue. (2) Property operating expenses excludes Ten
Slide 34: Reconciliation: Same-Store Facility Results — Years Ended December 31, 2023 and 2022
Reconciliation: Same-Store Facility Results — Years Ended December 31, 2023 and 2022 NM: Not meaningful comparison (1) Revenue includes rental revenue, certain ancillary revenue, administrative and late fees, and excludes Tenant Protection Program revenue. (2) Property operating expenses excludes co
Slide 35: Reconciliation: Same-Store Facility Results — Years Ended December 31, 2022 and 2021
Reconciliation: Same-Store Facility Results — Years Ended December 31, 2022 and 2021 NM: Not meaningful comparison (1) Revenue includes rental revenue, certain ancillary revenue, administrative and late fees, and excludes Tenant Protection Program revenue. (2) Property operating expenses excludes co
Slide 36: Outlook for Full Year 2026
Outlook for Full Year 2026 Note: The Company’s estimates are forward-looking and based on management’s view of current and future market conditions. The Company’s actual results may differ materially from these estimates. A reconciliation of net income outlook to same-store net operating income outl
Slide 37: Additional Information Regarding NOI, FFO, and FFO, as Adjusted, and Adjusted EBITDA
Additional Information Regarding NOI, FFO, and FFO, as Adjusted, and Adjusted EBITDA Net Operating Income or (“NOI”) NOI is a non-GAAP measure that SmartStop defines as net income (loss), computed in accordance with GAAP, generated from properties, excluding tenant protection plan revenue, before co
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