LADERA RANCH, Calif.–(BUSINESS WIRE)–August 23, 2022–
SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed, fully integrated self-storage company, announced that it had been recognized as the best 1-year, 3-year and 5-year annualized total return among Lifecycle REITs in the Summer 2022 issue of THE IPA /STANGER MONITOR™ . SmartStop’s Class A stock has achieved a 1-year total return of approximately 51.3%, a 3-year annualized total return of approximately 18.3% and a 5-year annualized total return of approximately 14 .1%.
“We have worked diligently over the past 18 years to build and grow a leading brand and storage portfolio that not only provides quality service to our customers, but also delivers strong value to our shareholders,” said said H. Michael Schwartz, president and CEO of SmartStop. “The recognition by THE IPA/STANGER MONITOR validates our revenue and growth strategy, the remarkable achievements of our team and the robustness of our platform. It is gratifying to be, once again, identified as one of the top performers in the Lifecycle REIT category.
THE IPA/STANGER MONITOR is sponsored by the Institute for Portfolio Alternatives (“IPA”) and written and published by Robert A. Stanger & Co., Inc. (“Stanger”). The IPA/STANGER MONITOR performance analysis tracks the total return of unlisted REITs, including 22 lifecycle REITs and 17 net asset value (“NAV”) REITs with a combined market capitalization of over $114.4 billion. dollars. The information in this press release comes from THE IPA/STANGER MONITOR, Volume IV No. 3, published in the summer of 2022. For more information, visit https://rastanger.com/.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operating team of approximately 450 self-storage professionals focused on growing the SmartStop® Self Storage brand . SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs. As of August 23, 2022, SmartStop owned or managed a portfolio of 174 properties in 22 states and Ontario, Canada, comprising approximately 119,200 units and 13.5 million leasable square feet. SmartStop and its affiliates own or manage 19 operating self-storage properties in the Greater Toronto Area, totaling approximately 16,200 units and 1.6 million leasable square feet. Additional information about SmartStop is available at www.smartstopselfstorage.com.
Show source version on businesswire.com:https://www.businesswire.com/news/home/20220823005703/en/
CONTACT: David Corak
Vice President of Corporate Finance
SmartStop Self Storage REIT, Inc.
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA CANADA
SECTOR KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE SCI
SOURCE: SmartStop Self Storage REIT, Inc.
Copyright BusinessWire 2022.
PUBLISHED: 8/23/2022 2:21 PM / DISK: 8/23/2022 2:22 PM
Copyright BusinessWire 2022.