Smartstop Self Storage Reit, Inc. · NYSE:SMA
Smartstop Self Storage Reit — Investor Presentation (September 2025)
45 slides from Smartstop Self Storage Reit's investor presentation, Sep 24, 2025
Slide 1: Investor Presentation September 2025
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Slide 2: Disclaimer & Forward-Looking Disclosure
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text Disclaimer & Forward-Looking Disclosure 50 56 62 Title bar/Bullets Certain of the matters discussed in this investor presentation, other th
Slide 3: SmartStop is a Premier, Growth-Oriented Self Storage Platform
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text SmartStop is a Premier, Growth-Oriented Self Storage Platform 50 56 62 Title bar/Bullets 1 124 186 ACCENTS 1 126 124 211 SMARTSTOP OVERVIEW
Slide 4: Key Investment Highlights
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Slide 5: Successful Track Record of Growing the SmartStop Platform
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 1 Successful Track Record of Growing the SmartStop Platform 50 56 62 Title bar/Bullets 1 124 186 ACCENTS JUNE 2022 DECEMBER 2024 1 126 JUNE
Slide 6: The SmartStop Opportunity
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Slide 7: Multi-Pronged North American Growth Strategy
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 1 Multi-Pronged North American Growth Strategy 50 56 62 Title bar/Bullets 1 124 186 ACCENTS 1 126 124 211 1 186 254 127 212 188 253 2 3 129
Slide 8: SmartStop Owns a High Quality Portfolio in Key Growth Markets
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 2 SmartStop Owns a High Quality Portfolio in Key Growth Markets 50 56 62 Title bar/Bullets 1 124 186 ACCENTS (1) (3) 1 126 GEOGRAPHIC FOOTP
Slide 9: SmartStop Maintains a High-Performing Portfolio Relative to Peers
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 2 SmartStop Maintains a High-Performing Portfolio Relative to Peers 50 56 62 Title bar/Bullets High quality portfolio with strong rents and
Slide 10: Portfolio Focused on Large Markets with Attractive Demographics
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 2 Portfolio Focused on Large Markets with Attractive Demographics 50 56 62 Title bar/Bullets 1 124 186 ACCENTS POPULATION GROWTH IN SMARTST
Slide 11: Key SmartStop U.S. Markets – Houston, Miami / Ft. Lauderdale, and Los Angeles
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 2 Key SmartStop U.S. Markets – Houston, Miami / Ft. Lauderdale, and Los Angeles 50 56 62 Title bar/Bullets 1 124 186 ACCENTS HOUSTON, TEXAS
Slide 12: Toronto and Greater Canada Represent an Untapped Growth Opportunity
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 3 Toronto and Greater Canada Represent an Untapped Growth Opportunity 50 56 62 Title bar/Bullets 1 124 186 POPULATION GROWTH VS. SUPPLY RAT
Slide 13: SmartStop's GTA and Broader Canadian Expansion is a Differentiated Strategy
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 3 SmartStop’s GTA and Broader Canadian Expansion is a Differentiated Strategy 50 56 62 Title bar/Bullets 1 124 186 ACCENTS (5) STRATEGIC RA
Slide 14: Our Success in Canada: Case Studies
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 3 Our Success in Canada: Case Studies 50 56 62 Title bar/Bullets 1 124 186 ACCENTS BRAMPTON, ONTARIO GTA – 8 FACILITY PORTFOLIO ACQUISITION
Slide 15: Introducing: Dash, SmartStop's Proprietary Integrated Technology Platform
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Slide 16: Ability to Deliver Leading Customer Experience
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 4 Ability to Deliver Leading Customer Experience 50 56 62 Title bar/Bullets 1 124 186 Technology-driven platform gives SmartStop the abilit
Slide 17: Award Winning Customer Service and Strong Brand Awareness
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Slide 18: Internal Growth Strategy
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Slide 19: Strong Track Record of Internal Growth
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 4 Strong Track Record of Internal Growth 50 56 62 Title bar/Bullets SmartStop’s internal growth strategies have translated into successful
Slide 20: Existing Embedded Internal Growth Opportunities
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 4 Existing Embedded Internal Growth Opportunities 50 56 62 Title bar/Bullets 1 124 186 (2) ACCENTS SMARTSTOP SAME-STORE RENTAL RATE AND NOI
Slide 21: Operations Update
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 4 Operations Update 50 56 62 Title bar/Bullets 1 124 186 POST QUARTER-END OPERATIONAL UPDATES ACCENTS 1 126 (1) (2) Same-Store Ending Occup
Slide 22: Management's Track Record of External Growth
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 4 Management’s Track Record of External Growth 50 56 62 Title bar/Bullets 1 124 186 SMARTSTOP AND AFFILIATES’ INVESTMENT ACTIVITY 2016 – YT
Slide 23: Recent Acquisition Activity (2025 YTD)
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 4 Recent Acquisition Activity (2025 YTD) 50 56 62 Title bar/Bullets 1 124 186 ACCENTS Recently 1 126 (1) closed Under contract 124 211 1 18
Slide 24: Solar Initiative
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 4 Solar Initiative 50 56 62 Title bar/Bullets 1 124 186 ACCENTS 1 126 124 211 1 (1) 186 254 HIGHLIGHTS ACTUAL GWH PRODUCTION 127 212 188 25
Slide 25: SmartStop Managed REIT Platform Provides Additional Capital Allocation Flexibility
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 5 SmartStop Managed REIT Platform Provides Additional Capital Allocation Flexibility 50 56 62 Title bar/Bullets Managed REIT and third-part
Slide 26: APSM – Overview and Deal Summary
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 5 APSM – Overview and Deal Summary 50 56 62 Title bar/Bullets 1 124 186 SELF STORAGE FACILITY-MANAGEMENT OVERVIEW APSM BACKGROUND & DEAL SU
Slide 27: APSM – Investment Highlights & Portfolio Overview
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 5 APSM – Investment Highlights & Portfolio Overview 50 56 62 Title bar/Bullets 1 124 186 INVESTMENT HIGHLIGHTS PRO FORMA PORTFOLIO OVERVIEW
Slide 28: APSM – Significant Expansion of SMA's Managed Portfolio and Capabilities
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 5 APSM – Significant Expansion of SMA’s Managed Portfolio and Capabilities 50 56 62 Title bar/Bullets 1 124 186 SmartStop has existing pres
Slide 29: APSM – SMA's Differentiated Third-Party Offerings
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 5 APSM – SMA’s Differentiated Third-Party Offerings 50 56 62 Title bar/Bullets 1 124 186 SMARTSTOP SMARTSTOP LEGACY FULL PRIVATE LABEL ACCE
Slide 30: Experienced Senior Management Team
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 6 Experienced Senior Management Team 50 56 62 Title bar/Bullets 1 124 186 ACCENTS SMARTSTOP EXECUTIVE MANAGEMENT TEAM 1 126 124 211 1 186 2
Slide 31: Experienced Board of Directors
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text 6 Experienced Board of Directors 50 56 62 Title bar/Bullets 1 124 186 • Founder, CEO, and Chairman of SmartStop H. Michael Schwartz • In 20
Slide 32: Investment Grade Rated Balance Sheet Positioned for Growth
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Slide 33: Appendix
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Slide 34: MSA Exposure – Total Portfolio
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text MSA Exposure – Total Portfolio 50 56 62 Title bar/Bullets Wholly-Owned Total Portfolio at 6/30/25 1 124 186 ACCENTS 1 126 124 211 % of Port
Slide 35: MSA Exposure – Owned & Managed Portfolio
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text MSA Exposure – Owned & Managed Portfolio 50 56 62 Title bar/Bullets Owned and Managed Total Portfolio at 6/30/25 1 124 186 ACCENTS % of 1 1
Slide 36: Reconciliation: Net Income (Loss) to Net Operating Income
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text Reconciliation: Net Income (Loss) to Net Operating Income 50 56 62 Title bar/Bullets ($ in thousands) 1 124 186 2025 Q2 2025 Q1 2024 2024 Q
Slide 37: Reconciliation: Net Income (Loss) to Adjusted EBITDA: Trailing 9 Quarters
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text Reconciliation: Net Income (Loss) to Adjusted EBITDA: Trailing 9 Quarters 50 56 62 Title bar/Bullets ($ in thousands) 1 124 186 ACCENTS 1 1
Slide 38: Reconciliation: Same-Store Net Operating Income to Total Net Operating Income
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text Reconciliation: Same-Store Net Operating Income to Total Net Operating Income 50 56 62 Title bar/Bullets ($ in thousands) 1 124 186 ACCENTS
Slide 39: Reconciliation: Same-Store Facility Results — Years Ended December 31, 2024 and 2023
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text Reconciliation: Same-Store Facility Results — Years Ended December 31, 2024 and 2023 50 56 62 Title bar/Bullets ($ in thousands) 1 124 186
Slide 40: Reconciliation: Same-Store Facility Results — Years Ended December 31, 2023 and 2022
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text Reconciliation: Same-Store Facility Results — Years Ended December 31, 2023 and 2022 50 56 62 Title bar/Bullets ($ in thousands) 1 124 186
Slide 41: Reconciliation: Same-Store Facility Results — Years Ended December 31, 2022 and 2021
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text Reconciliation: Same-Store Facility Results — Years Ended December 31, 2022 and 2021 50 56 62 Title bar/Bullets ($ in thousands) 1 124 186
Slide 42: Outlook for Full Year 2025
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Slide 43: Outlook for Full Year 2025
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text Outlook for Full Year 2025 50 56 62 Title bar/Bullets The following table presents a reconciliation of the range of estimated GAAP fully di
Slide 44: Additional Information Regarding NOI and Adjusted EBITDA
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template C O N F I D E N T I A L COLOR PALETTE Text Additional Information Regarding NOI and Adjusted EBITDA 50 56 62 Title bar/Bullets 1 124 186 Net Operating Income or (“NOI”) ACCENTS NOI i
Slide 45: Thank you!
/Admin/ADVANCED GRAPHICS FILES/Cover and Template/2024/2024_01/4159141-001_Trevor McMillin_SmartStop_Cover & Template Thank you!
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