Smartstop Self Storage Reit Inc's Business Segments

SmartStop Self Storage REIT, Inc. is a self-managed and fully integrated real estate investment trust (REIT) specializing in the acquisition, ownership, and operation of self storage properties primarily located in the top 100 metropolitan statistical areas in the United States and Canada. As of December 31, 2025, the company owned 177 operating self storage properties across 19 states, the District of Columbia, and Canada, totaling approximately 122,000 units and 13.9 million net rentable square feet. It also held a 50% equity interest in 13 unconsolidated real estate ventures in Canada, which included 10 operating properties and three under development. Through its Managed Platform, SmartStop sponsors and manages properties for several REITs, including Strategic Storage Trust VI, Inc., Strategic Storage Growth Trust III, Inc., and Strategic Storage Trust X, overseeing 52 operating properties with about 41,000 units and 4.5 million rentable square feet. In October 2025, SmartStop acquired Argus Professional Storage Management, LLC, a third-party manager of self storage properties, adding 221 properties to its management portfolio. The company ranks as the tenth largest owner and operator of self storage properties in the U.S. by rentable square footage. Its common stock has been listed on the New York Stock Exchange under the ticker symbol "SMA" since April 2, 2025.

The registrant's reportable operating business segments are: (i) self storage operations, comprising wholly-owned self storage facilities that primarily generate month-to-month rental revenue and related ancillary revenue; and (ii) the Managed Platform business, which includes management services for Managed REITs and third-party owned properties under the Third Party Platform, such as property management, asset management, and construction and development management contracts. These segments provide distinct products and services to different customers and are managed separately.