Smartstop Self Storage Reit, Inc. · NYSE:SMA
Smartstop Self Storage Reit — Strategic Storage Trust II — Q2 2017 Earnings Presentation
18 slides from Smartstop Self Storage Reit's earnings presentation, Sep 14, 2017
Slide 1: Strategic Storage Trust II, Inc. Second Quarter Update
Strategic Storage Trust II, Inc. Second Quarter Update H. Michael Schwartz – Founder,) Chairman) &) CEO SMARTSTOP ASSET MANAGEMENT STUDENT ● SENIOR ● STORAGE is the sponsor of Strategic Storage Trust II, Inc. Investor Presentation
Slide 2: Disclaimer & Risk Factors
Disclaimer & Risk Factors Strategic Storage Trust II, Inc. This investor presentation may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking s
Slide 3: Additional Information Regarding NOI, FFO & MFFO
Additional Information Regarding NOI, FFO & MFFO Strategic Storage Trust II, Inc. Funds from Operations (“FFO”) and Modified Funds from Operations (“MFFO”) Due to certain unique operating characteristics of real estate companies, the National Association of Real Estate Investment Trusts, or NAREIT,
Slide 4: Additional Information Regarding NOI, FFO & MFFO
Additional Information Regarding NOI, FFO & MFFO Strategic Storage Trust II, Inc. The purchase of properties, and the corresponding expenses associated with that process, is a key feature of SST II’s business plan in order to generate operational income and cash flow in order to make distributions t
Slide 5: Additional Information Regarding NOI, FFO & MFFO
Additional Information Regarding NOI, FFO & MFFO Strategic Storage Trust II, Inc. Acquisition fees and expenses include payments to SST II’s advisor and third parties. Acquisition related expenses under GAAP are considered operating expenses and as expenses included in the determination of net incom
Slide 6: Greater Than 75% Portfolio Occupancy, Strong Market Demographics, Institutional Management
Strategic Storage Trust II, Inc. Strategic Storage Trust II, Inc. Greater Than 75% Portfolio Occupancy SmartStop CALL TODAY: 905-794-3400 1-888-97-STORAGE SmartStop® self storage.ca 8 BREWSTER RD Strong Market Demographics Institutional Management SMARTSTOP ASSET MANAGEMENT STUDENT . SENIOR . STORAG
Slide 7: Targeting Facilities With Strong Physical Occupancy
Strategic Storage Trust II, Inc. Strategic Storage Trust II, Inc. Greater Than 75% Portfolio Occupancy Targeting Facilities With Strong Physical Occupancy Potentially Under Occupied Economically, Increasing Future Cash Flows Existing Management Unable To Boost Occupancy Management And Marketing Make
Slide 8: Strong Market Performance
Strategic Storage Trust II, Inc. Strategic Storage Trust II, Inc. Strong Market Performance Concentrated in Markets with Growth and Large Surrounding Populations and Income Achieved a Portfolio Wide Average 3 Mile Population Radius of Between 85,000 - 120,000 Average income Metrics of Approximately
Slide 9: Institutional Management
Strategic Storage Trust II, Inc. Strategic Storage Trust II, Inc. Institutional Management Economies Of Scale Institutional Marketing Platform Expense Efficiencies Institutional Hiring, Training And Management SmartStop® Self Storage – Pickering, Canada SMARTSTOP ASSET MANAGEMENT STUDENT . SENIOR .
Slide 10: Current Portfolio As Of 6/30/2017
Current Portfolio As Of 6/30/2017 Strategic Storage Trust II, Inc. $840M Portfolio* Since the launch of SST II in 2014, the REIT’s portfolio has expanded to 83 self storage properties in 14 states and Canada (Greater Toronto Area). The portfolio includes approximately 6,029,600 rentable square feet
Slide 11: Balance Sheet and Distributions
Balance Sheet Loan-To-Value • June 30, 2017 = 47%* *Based on acquisition cost Distributions(1) • SST II Pays A Distribution Rate Of Approximately $0.001644 Per Day Per Share (Equivalent To $0.60 Per Share Annually) To Both Class A And Class T Stockholders Of Record. The T Share Distribution Is Reduc
Slide 12: Financial Update: Same-Store Performance Second Quarter 2017 vs. 2016
Financial Update Strategic Storage Trust II, Inc. Same-Store Performance Second Quarter 2017 vs. 2016 Revenuesé11.6% Net Operating Income*é23.2% 2017 2016 Property Operating Expenses as a Percentage of Revenue37%43% Number of Facilities3939 Average Physical Occupancy93.3%89.9% Annualized Rent per Oc
Slide 13: Financial Update: Same-Store Performance Six Months Ended June 30
Financial Update Strategic Storage Trust II, Inc. Same-Store Performance Six Months Ended June 30, 2017 vs. 2016 Revenues é 14.2% Net Operating Income* é 29.7% 2017 2016 Property Operating Expenses as a Percentage of Revenue 37% 45% Number of Facilities 33 33 Average Physical Occupancy 93.3% 87.3% A
Slide 14: Financial Update: SST II Net Asset Value
Financial Update SST II Net Asset Value Strategic Storage Trust II, Inc. Independent, 3rd Party Valuation Engaged Duff & Phelps Asset-by-Asset valuation of Real Estate (no portfolio premium) In accordance with IPA NAV Guideline See our current Report on Form 8-K filed with the SEC on April 18, 2017
Slide 15: Toronto Portfolio
Toronto Portfolio Strategic Storage Trust II, Inc. Toronto Canada Properties EXISTING / LEASE UP Occupancy* 1 4548 Dufferin St., North York, ONT M3H5R9 93.3% 2 530 Martin St., Milton, ONT L9T3H6 91.1% 3 1207 Appleby Ln., Burlington, ONT L7L5H9 92.9% 4 2055 Cornwall Rd., Oakville, ONT L6J7S2 72.6% 5
Slide 16: Hurricane Property Update
Hurricane Property Update Strategic Storage Trust II, Inc. Self Storage Properties Within Range Of Recent Hurricanes Hurricane Harvey – 0 properties Hurricane Irma – 13 properties TEXAS LOUISIANA MISSISSIPPI ALABAMA GEORGIA FLORIDA IRMA HARVEY SMARTSTOP ASSET MANAGEMENT STUDENT . SENIOR . STORAGE is
Slide 17: Self Storage Companies
Self Storage Companies Strategic Storage Trust II, Inc. Publicly Traded Self Storage Companies NYSE: PSA NYSE: LSI NYSE: UHALNYSE: EXRNYSE: CUBENYSE: JCAPNYSE: NSA Public Non-Traded Self Storage REITs - OFFERING CLOSED — OFFERING CLOSED — OFFERING OPEN - SMARTSTOP ASSET MANAGEMENT STUDENT . SENIOR .
Slide 18: Questions?
Strategic Storage Trust II, Inc. Questions? SMARTSTOP ASSET MANAGEMENT STUDENT . SENIOR . STORAGE is the sponsor of Strategic Storage Trust II, Inc. Investor Presentation 18
Strategic Storage Trust II — Q2 2017 Earnings Presentation on 6ix