SmartStop Self Storage REIT, Inc.

SmartStop Self Storage REIT, Inc. (NYSE: SMA) operates as a self-managed and fully-integrated real estate investment trust focused on the acquisition, ownership, and operation of self storage properties throughout the United States and Canada. The company's website is investors.smartstopselfstorage.com.

As of December 31, 2025, SmartStop ranks as the tenth largest owner and operator of self storage properties in the United States based on rentable square footage. The company's wholly-owned portfolio comprises 177 operating self storage properties diversified across nineteen states, the District of Columbia, and Canada, containing approximately 122,000 units and 13.9 million net rentable square feet. Additionally, SmartStop owns a fifty percent equity interest in thirteen unconsolidated real estate ventures located in Canada consisting of ten operating properties and three properties under development.

The company operates through two reportable business segments: self storage operations and the Managed Platform business. The self storage operations segment generates revenue primarily from month-to-month rental leases and ancillary services including tenant insurance, moving supplies, and other offerings. The Managed Platform business provides management services for properties owned by sponsored REITs and third-party owners, generating asset management fees, property management fees, and acquisition fees.

Through its Managed Platform, SmartStop serves as sponsor of Strategic Storage Trust VI, Strategic Storage Growth Trust III, and Strategic Storage Trust X, collectively managing 273 operating self storage properties containing approximately 140,000 units and 20.4 million rentable square feet. In October 2025, the company acquired Argus Professional Storage Management, a third-party property management firm that manages over 221 properties across twenty-seven states.

The company employs more than 1,000 employees and targets acquisition of high-quality self storage properties in high-growth metropolitan statistical areas. SmartStop finances its portfolio through diverse capital strategies including cash from operations, revolving credit facilities, secured and unsecured debt, equity offerings, and joint ventures. The company maintains proprietary underwriting methodology and leverages digital marketing expertise to acquire customers efficiently across its portfolio. SmartStop's business model emphasizes maximizing cash flow available for stockholder distributions while achieving sustainable long-term growth through both organic operations and external acquisitions.