Latest news with #H.MichaelSchwartz
Business Wire
3 days ago
- Business
- Business Wire
SmartStop Self Storage REIT, Inc. to Join the Russell 3000 Index
LADERA RANCH, Calif.--(BUSINESS WIRE)--SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, will be added to the Russell 3000® Index following the annual reconstitution of the Russell indexes, effective after the market closes on Friday, June 27, 2025. SmartStop's inclusion follows its April 2025 listing on the New York Stock Exchange and marks a significant achievement in its growth as a publicly traded enterprise. The Russell 3000 Index captures the largest 3,000 U.S.-traded stocks by market capitalization and serves as the foundation for additional subindexes, including the Russell 1000® and Russell 2000® Indexes. Final placement in one of these subindexes will be based on SmartStop's relative market capitalization. 'Joining the Russell indexes is a significant milestone for SmartStop as a newly listed company,' said H. Michael Schwartz, Chairman and CEO of SmartStop. 'It reflects the progress we've made and the scale of our platform. We believe this inclusion will help increase our visibility among institutional investors as we continue executing our growth strategy.' About SmartStop Self Storage REIT, Inc. (SmartStop): SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE:SMA) is a self-managed REIT with a fully integrated operations team of approximately 590 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 May 30, 2025, SmartStop has an owned or managed portfolio of 221 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 157,600 units and 17.7 million rentable square feet. SmartStop and its affiliates own or manage 41 operating self-storage properties in Canada, which total approximately 34,400 units and 3.5 million rentable square feet. Additional information regarding SmartStop is available at
Yahoo
16-05-2025
- Business
- Yahoo
Strategic Storage Trust VI, Inc. Reports First Quarter 2025 Results
- Total revenues increased 11.1% compared to the same period in 2024.- Increased Same-Store Revenues by 6.8% for the Quarter.- Increased Same-Store Net Operating Income ("NOI") by 13.6% for the Quarter.- Increased Same-Store Average Physical Occupancy by 2.1% for the Quarter. LADERA RANCH, Calif., May 16, 2025--(BUSINESS WIRE)--Strategic Storage Trust VI, Inc. ("SST VI") announced operating results for the three months ended March 31, 2025. "This quarter marks an important milestone for our company as we report our first same-store results." commented H. Michael Schwartz, President and CEO of Strategic Storage Trust VI, Inc. "I'm pleased to share that these results exceeded our expectations and reflect the underlying strength and quality of our portfolio across both the United States and Canada. In addition, we completed the refinancing of all our Canadian debt at significantly lower interest rates. This strategic move enhances our financial flexibility and positions us well for continued operational and capital efficiency moving forward." Key Highlights for the Three Months Ended March 31, 2025: Total revenues were approximately $7.3 million, an increase of approximately $0.7 million when compared to the same period in 2024. Increased same-store revenues and NOI by 6.8% and 13.6%, respectively, for the three months ended March 31, 2025 compared to the three months ended March 31, 2024. Increased same-store average physical occupancy by approximately 2.1% to 92.0% for the three months ended March 31, 2025 from 89.9% for the three months ended March 31, 2024. Increased same-store annualized rent per occupied square foot by approximately 3.7% to $17.01 for the three months ended March 31, 2025 from $16.40 for the three months ended March 31, 2024. Capital Transactions: Debt Transactions On January 8, 2025, we entered into a CAD $64.0 million financing with National Bank of Canada (the "National Bank of Canada — Four Property Loan"). The National Bank of Canada — Four Property Loan has a term of three years, maturing on January 8, 2028. Payments consist of both principal and interest, calculated using a 25-year amortization, and are payable monthly. Amounts outstanding bear an interest rate equal to CORRA, plus a CORRA adjustment of approximately 0.30%, plus 2.25%. In addition, we entered into an interest rate swap agreement with a notional amount of CAD $64.0 million, whereby CORRA is fixed at approximately 3.03% that fixes the all in interest rate at 5.58% through the maturity of the loan. This addressed the upcoming 2025 maturities and will effectively reduced this portfolio's interest rate by approximately 100 basis points as compared to the previous financing arrangements. On March 6, 2025, we entered into a credit agreement with Meridian Credit Union Limited (the "Meridian Credit Agreement") with a maximum borrowing capacity of approximately CAD $16.0 million (the "Meridian Loan"). At close, we borrowed approximately CAD $2.1 million. The Meridian Loan is secured by a first mortgage on our development property in Etobicoke, Ontario Canada (the "Etobicoke Property"). The proceeds of the Meridian Loan will be used to fund development of a self storage facility on the Etobicoke Property. As of March 31, 2025 we had approximately CAD $2.1 million outstanding and approximately CAD $13.9 million of available capacity. Pursuant to the Meridian Credit Agreement, amounts outstanding under the Meridian Loan bear interest at an annual rate equal to the Canada Prime Rate plus 1.50%, subject to a minimum all-in floor rate of 6.70% per annum. The Meridian Loan has an initial term of three years, maturing on March 5, 2028, with two six-month extension options. Payments under the Meridian Loan are payable monthly and interest-only. On March 7, 2025, we entered into a CAD $164.5 million financing with QuadReal Finance, LP (the "QuadReal — Seven Property Loan"). The QuadReal — Seven Property Loan has an initial term of five years, maturing on April 1, 2030. Payments under the QuadReal — Seven Property Loan are interest only during the term of the QuadReal - Seven Property Loan, payable monthly, with the full amount of the outstanding balance of the QuadReal - Seven Property Loan due on the maturity date. Upon the closing of the QuadReal - Seven Property Loan, we drew approximately CAD $147.0 million as the Initial Advance. The interest rate on the Initial Advance bears interest at an annual fixed rate equal to 5.59%. This strategic move addressed the upcoming 2025 maturities and will effectively reduced this portfolio's interest rate by approximately 170 basis points as compared to the previous financing arrangements. About Strategic Storage Trust VI, Inc. (SST VI): SST VI is a public non-traded REIT that elected to qualify as a REIT for federal income tax purposes. SST VI's primary investment strategy is to invest in income-producing and growth self-storage facilities and related self-storage real estate investments in the United States and Canada. As of May 16, 2025, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 9,015 units and 1,079,395 rentable square feet (including parking); 11 properties with approximately 10,205 units and 1,067,715 rentable square feet (including parking) in Canada, joint venture interests in two operational and three development properties in two Canadian provinces (Ontario and Québec) and one wholly owned development property in Ontario. About SmartStop Self Storage REIT, Inc. (SmartStop): SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE:SMA), is a self-managed REIT with a fully integrated operations team of approximately 590 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 May 16, 2025, SmartStop has an owned or managed portfolio of 220 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 157,100 units and 17.7 million rentable square feet. SmartStop and its affiliates own or manage 41 operating self-storage properties in Canada, which total approximately 34,400 units and 3.5 million rentable square feet. Additional information regarding SmartStop is available at STRATEGIC STORAGE TRUST VI, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS March 31,2025 (Unaudited) December 31,2024 ASSETS Real estate facilities: Land $ 109,195,229 $ 109,097,324 Buildings 375,916,070 375,539,122 Site improvements 13,681,272 13,655,534 498,792,571 498,291,980 Accumulated depreciation (30,749,798 ) (27,645,170 ) 468,042,773 470,646,810 Construction in process 11,138,675 9,144,864 Real estate facilities, net 479,181,448 479,791,674 Cash and cash equivalents 14,241,422 10,827,415 Restricted cash 2,615,217 6,738,149 Investments in unconsolidated real estate ventures 18,995,066 18,207,135 Other assets, net 11,932,251 13,564,907 Total assets $ 526,965,404 $ 529,129,280 LIABILITIES, TEMPORARY EQUITY AND EQUITY Debt, net $ 278,152,442 $ 274,056,356 Accounts payable and accrued liabilities 11,539,916 13,433,815 Distributions payable 4,389,378 4,409,505 Due to affiliates 16,859,809 13,877,191 Total liabilities 310,941,545 305,776,867 Commitments and contingencies Redeemable common stock 11,705,939 10,279,772 Series B Convertible Preferred Stock, $0.001 par value; 150,000 shares authorized; 150,000 and 150,000 issued and outstanding at March 31, 2025 and December 31, 2024, respectively, with aggregate liquidation preferences of $153,088,356 and $153,148,361 at March 31, 2025 and December 31, 2024, respectively 148,599,723 148,599,723 Equity: Strategic Storage Trust VI, Inc.: Preferred Stock, $0.001 par value; 200,000,000 shares authorized; 0 issued and outstanding at March 31, 2025 and December 31, 2024 — — Class P Common stock, $0.001 par value; 30,000,000 shares authorized; 11,380,819 and 11,280,098 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 11,381 11,280 Class A Common stock, $0.001 par value; 230,000,000 shares authorized; 3,397,253 and 3,383,583 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 3,397 3,384 Class T Common stock, $0.001 par value; 100,000,000 shares authorized; 5,398,325 and 5,373,889 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 5,398 5,374 Class W Common stock, $0.001 par value; 70,000,000 shares authorized; 709,730 and 704,761 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 710 705 Class Y Common stock, $0.001 par value; 200,000,000 shares authorized; 4,709,618 and 4,049,909 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 4,710 4,050 Class Z Common stock, $0.001 par value; 70,000,000 shares authorized; 388,958 and 346,393 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 389 346 Additional paid-in capital 214,160,380 207,773,199 Distributions (35,829,740 ) (32,142,866 ) Accumulated deficit (121,568,570 ) (111,392,263 ) Accumulated other comprehensive loss (5,736,815 ) (4,432,786 ) Total Strategic Storage Trust VI, Inc. equity 51,051,240 59,830,423 Noncontrolling interests in our Operating Partnership (44,733 ) 225,081 Noncontrolling Series C Subordinated Units in our Operating Partnership 4,711,690 4,417,414 Total noncontrolling interest 4,666,957 4,642,495 Total equity 55,718,197 64,472,918 Total liabilities, temporary equity and equity $ 526,965,404 $ 529,129,280 STRATEGIC STORAGE TRUST VI, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended March 31, 2025 2024 Revenues: Self storage rental revenue $ 7,303,641 $ 6,577,587 Ancillary operating revenue 45,717 39,324 Total revenues 7,349,358 6,616,911 Operating expenses: Property operating expenses 2,939,080 2,928,714 Property operating expenses – affiliates 1,240,267 1,280,595 General and administrative 1,703,808 1,554,738 Depreciation 3,118,402 3,175,232 Intangible amortization expense — 1,039,598 Acquisition expense – affiliates 107,876 178,423 Other property acquisition expenses 14,020 54,041 Total operating expenses 9,123,453 10,211,341 Operating loss (1,774,095 ) (3,594,430 ) Other income (expense): Interest expense (4,107,295 ) (4,710,295 ) Interest expense – debt issuance costs (488,397 ) (276,258 ) Derivative fair value adjustment (531,449 ) 1,616,316 Other 79,014 187,818 Equity in loss of unconsolidated real estate venture (222,528 ) — Foreign currency adjustment (195,936 ) (2,206,103 ) Net loss (7,240,686 ) (8,982,952 ) Less: Distributions to preferred stockholders (3,088,356 ) (3,166,042 ) Net loss attributable to the noncontrolling interests in our Operating Partnership 152,735 225,373 Net loss attributable to Strategic Storage Trust VI, Inc. common stockholders $ (10,176,307 ) $ (11,923,621 ) Net loss per Class P share—basic and diluted $ (0.40 ) $ (0.55 ) Net loss per Class A share—basic and diluted $ (0.40 ) $ (0.55 ) Net loss per Class T share—basic and diluted $ (0.40 ) $ (0.55 ) Net loss per Class W share—basic and diluted $ (0.40 ) $ (0.55 ) Net loss per Class Y share—basic and diluted $ (0.40 ) $ (0.55 ) Net loss per Class Z share—basic and diluted $ (0.40 ) $ (0.55 ) Weighted average Class P shares outstanding—basic and diluted 11,331,153 11,137,137 Weighted average Class A shares outstanding—basic and diluted 3,389,986 3,351,907 Weighted average Class T shares outstanding—basic and diluted 5,386,419 5,302,182 Weighted average Class W shares outstanding—basic and diluted 707,444 690,352 Weighted average Class Y shares outstanding—basic and diluted 4,372,891 940,270 Weighted average Class Z shares outstanding—basic and diluted 366,596 86,161 STRATEGIC STORAGE TRUST VI, INC. AND SUBSIDIARIES COMPUTATION OF SAME-STORE OPERATING RESULTS (UNAUDITED) Same-Store Facility Results - three months ended March 31, 2025 and 2024 The following table sets forth operating data for our same-store facilities (stabilized and comparable properties that have been included in the consolidated results of operations since January 1, 2024) for the three months ended March 31, 2025 and 2024. We consider the following data to be meaningful as this allows for the comparison of results without the effects of acquisition, lease up, or development activity. Same-Store Facilities Non Same-Store Facilities Total 2025 2024 %Change 2025 2024 %Change 2025 2024 %Change Revenues(1) $3,466,639 $3,246,360 6.8% $3,882,719 $3,370,551 N/M $7,349,358 $6,616,911 11.1% Property operating expenses(2) 1,425,618 1,450,018 (1.7)% 1,958,894 1,871,202 N/M 3,384,512 3,321,220 1.9% Net operating income $2,041,021 $1,796,342 13.6% $1,923,825 $1,499,349 N/M $3,964,846 $3,295,691 20.3% Number of Facilities 12 12 12 12 24 24 Rentable square feet(3) 892,610 892,665 1,254,500 1,204,615 2,147,110 2,097,280 Average physical occupancy(4) 92.0% 89.9% 2.1% 87.0% 80.6% N/M 89.0% 84.6% 4.4% Annualized rent per occupied square foot(5) $17.01 $16.40 3.7% N/M N/M N/M $16.29 $15.92 N/M Not meaningful (1) Revenue includes rental revenue, ancillary revenue, administrative and late fees. (2) Property operating expenses excludes corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization expense and acquisition expenses, but includes property management fees. (3) Of the total rentable square feet, parking represented approximately 199,780 and 247,900 square feet as of March 31, 2025 and 2024, respectively. On a same-store basis, for the same periods, parking represented approximately 43,000 square feet. (4) Determined by dividing the sum of the month-end occupied square feet for the applicable group of facilities for each applicable period by the sum of their month-end rentable square feet for the period. (5) Determined by dividing the aggregate realized rental income for each applicable period by the aggregate of the month-end occupied square feet for the period. Properties are included in the respective calculations in their first full month of operations, as appropriate. We have excluded the realized rental revenue and occupied square feet related to parking herein for the purpose of calculating annualized rent per occupied square foot. Our increase in same-store revenue of approximately $0.2 million was primarily the result of increased average physical occupancy of approximately 2% and an increase in revenue per occupied square foot of approximately 3.7% for the three months ended March 31, 2025 over the three months ended March 31, 2014. Our same-store property operating expenses decreased by approximately $24,000 for the three months ended March 31, 2025 compared to the three months ended March 31, 2014. Net Operating Income ("NOI") NOI is a non-GAAP measure that SST VI defines as net income (loss), computed in accordance with GAAP, generated from properties, before corporate general and administrative expenses, asset management fees, interest expense, depreciation, amortization, acquisition expenses and other non-property related expenses. SST VI believes that NOI is useful for investors as it provides a measure of the operating performance of its operating assets because NOI excludes certain items that are not associated with the ongoing operation of the properties. Additionally, SST VI believes that NOI is a widely accepted measure of comparative operating performance in the real estate community. However, SST VI's use of the term NOI may not be comparable to that of other real estate companies as they may have different methodologies for computing this amount. The following table presents a reconciliation of net loss as presented on our consolidated statements of operations to NOI, as stated above, for the periods indicated: Three Months Ended March 31,2025 March 31,2024 Net Loss $ (7,240,686 ) $ (8,982,952 ) Adjusted to exclude: Asset management fees(1)(2) 794,835 888,089 General and administrative 1,703,808 1,554,738 Depreciation 3,118,402 3,175,232 Intangible amortization expense — 1,039,598 Acquisition expenses—affiliates 107,876 178,423 Other property acquisition expenses 14,020 54,041 Interest expense 4,107,295 4,710,295 Interest expense—debt issuance costs 488,397 276,258 Derivative fair value adjustment 531,449 (1,616,316 ) Other (79,014 ) (187,818 ) Equity in loss of unconsolidated joint venture 222,528 — Foreign currency adjustment 195,936 2,206,103 Total property net operating income $ 3,964,846 $ 3,295,691 (1) Asset management fees are included in Property operating expenses – affiliates in the consolidated statements of operations. (2) Includes amortization of Advisor contract of approximately $0.2 million for each of the three months ended March 31, 2025 and 2024. View source version on Contacts David Corak SVP of Corporate Finance & StrategySmartStop Self Storage REIT, Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
Talonvest Negotiates $22.1M in Insurance Company Loans for WA and FL Properties
NEWPORT BEACH, CA., April 23, 2025 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc. is proud to announce two recent closings for Strategic Storage Trust VI, Inc., a publicly registered non-traded real estate investment trust sponsored by an affiliate of our long-term client, SmartStop Self Storage REIT, Inc. The first is a $13,000,000 non-recourse bridge loan for the refinance of a facility located at 16600 SE 18th Street in Vancouver, WA. The asset, built in 2020, has approximately 99,800 NRSF and 1,100 units, 97% of which are climate-controlled. Talonvest also negotiated a $9,120,000 loan for an approximately 64,400 NRSF facility located at 6424 14th Street West in Bradenton, FL with 800 total units. Both loans provided the client with 5-year fixed-rate financing with two years of interest-only payments. Talonvest has closed 40 deals with the insurance company that funded these loans which featured a step-down prepayment penalty and no ongoing leasing covenants. H. Michael Schwartz, President and CEO of Strategic Storage Trust VI, Inc. shared, "Collaborating with Talonvest continues to be a positive experience for us. They delivered a seamless, efficient process from start to finish and always impress us with their expertise in the capital markets." The Talonvest team responsible for these assignments included Britt Taylor, Eric Snyder, Ivan Viramontes, and Lauren Maehler. About Talonvest Capital Inc. Talonvest Capital is a commercial real estate advisory firm specializing in sourcing cutting-edge lending programs and advising on capital market trends for industrial, self-storage, multifamily, office, and retail property owners. Talonvest Capital offers a unique boutique approach by leveraging the company's collective institutional knowledge and remaining highly engaged throughout the entire assignment, including the closing process, to deliver tailored capital solutions for their clients. Learn more at WABradenton, FL Contact: Carole Stanley Talonvest Capital, Inc. 949.251-9900 cstanley@ Photos accompanying this announcement are available at: in to access your portfolio
Globe and Mail
17-04-2025
- Business
- Globe and Mail
Strategic Storage Trust VI, Inc. Announces Opening of New Self-Storage Facility in the Greater Toronto Area of Ontario, Canada
Strategic Storage Trust VI, Inc. ('SST VI '), a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE:SMA) , in partnership with SmartCentres (TSX: is pleased to announce the opening of a new Class A self-storage facility in Toronto, Ontario, Canada. Strategically located at 494 Gilbert Avenue, the six-story facility features approximately 120,000 net rentable square feet of climate-controlled storage space, encompassing approximately 1,475 units. Designed for customer convenience, the facility features interior heated loading, three elevators and a modern, secure layout. This property benefits from its prime location near Eglinton Avenue W, a major arterial corridor with approximately 50,000 vehicles per day. Situated in a densely populated, high-income residential area within a 3- to 5-mile radius, the facility is well-positioned to meet the storage needs of a rapidly growing urban population. The new facility will serve residents from surrounding neighborhoods, including Brookhaven-Amesbury, Glen Long, Glen Park, York, Eglinton West, Fairbank, Forest Hill North, Caledonia-Fairbank, and Oakwood Village—areas experiencing robust residential development and increasing demand for secure, high-quality storage solutions. "This facility marks a significant advancement in our strategic expansion into high-demand, high-growth markets," stated H. Michael Schwartz, President and CEO of SST VI. "We are pleased to reinforce our commitment to Toronto by offering a secure, modern storage solution that meets the evolving needs of the community." About Strategic Storage Trust VI, Inc. (SST VI): SST VI is a Maryland corporation that was elected to qualify as a REIT for federal income tax purposes. SST VI's primary investment strategy is to invest in income-producing and growth self-storage facilities and related self-storage real estate investments in the United States and Canada. As of April 16, 2025, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 9,015 units and 1,079,395 rentable square feet (including parking); 11 properties with approximately 10,205 units and 1,067,715 rentable square feet (including parking) in Canada, joint venture interests in two operational and three development properties in two Canadian provinces (Ontario and Québec) and one wholly owned development property in Ontario. About SmartStop Self Storage REIT, Inc. (SmartStop): SmartStop Self Storage REIT, Inc. ('SmartStop') (NYSE:SMA), is a self-managed REIT with a fully integrated operations team of approximately 590 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 April 16, 2025, SmartStop has an owned or managed portfolio of 220 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 157,200 units and 17.7 million rentable square feet. SmartStop and its affiliates own or manage 41 operating self-storage properties in Canada, which total approximately 34,400 units and 3.5 million rentable square feet. Additional information regarding SmartStop is available at
Yahoo
17-04-2025
- Business
- Yahoo
Strategic Storage Trust VI, Inc. Announces Opening of New Self-Storage Facility in the Greater Toronto Area of Ontario, Canada
LADERA RANCH, Calif., April 17, 2025--(BUSINESS WIRE)--Strategic Storage Trust VI, Inc. ("SST VI"), a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE:SMA) , in partnership with SmartCentres (TSX: is pleased to announce the opening of a new Class A self-storage facility in Toronto, Ontario, Canada. Strategically located at 494 Gilbert Avenue, the six-story facility features approximately 120,000 net rentable square feet of climate-controlled storage space, encompassing approximately 1,475 units. Designed for customer convenience, the facility features interior heated loading, three elevators and a modern, secure layout. This property benefits from its prime location near Eglinton Avenue W, a major arterial corridor with approximately 50,000 vehicles per day. Situated in a densely populated, high-income residential area within a 3- to 5-mile radius, the facility is well-positioned to meet the storage needs of a rapidly growing urban population. The new facility will serve residents from surrounding neighborhoods, including Brookhaven-Amesbury, Glen Long, Glen Park, York, Eglinton West, Fairbank, Forest Hill North, Caledonia-Fairbank, and Oakwood Village—areas experiencing robust residential development and increasing demand for secure, high-quality storage solutions. "This facility marks a significant advancement in our strategic expansion into high-demand, high-growth markets," stated H. Michael Schwartz, President and CEO of SST VI. "We are pleased to reinforce our commitment to Toronto by offering a secure, modern storage solution that meets the evolving needs of the community." About Strategic Storage Trust VI, Inc. (SST VI): SST VI is a Maryland corporation that was elected to qualify as a REIT for federal income tax purposes. SST VI's primary investment strategy is to invest in income-producing and growth self-storage facilities and related self-storage real estate investments in the United States and Canada. As of April 16, 2025, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 9,015 units and 1,079,395 rentable square feet (including parking); 11 properties with approximately 10,205 units and 1,067,715 rentable square feet (including parking) in Canada, joint venture interests in two operational and three development properties in two Canadian provinces (Ontario and Québec) and one wholly owned development property in Ontario. About SmartStop Self Storage REIT, Inc. (SmartStop): SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE:SMA), is a self-managed REIT with a fully integrated operations team of approximately 590 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 April 16, 2025, SmartStop has an owned or managed portfolio of 220 operating properties in 23 states, the District of Columbia, and Canada, comprising approximately 157,200 units and 17.7 million rentable square feet. SmartStop and its affiliates own or manage 41 operating self-storage properties in Canada, which total approximately 34,400 units and 3.5 million rentable square feet. Additional information regarding SmartStop is available at View source version on Contacts David Corak SVP of Corporate Finance & StrategySmartStop Self Storage REIT, Sign in to access your portfolio
