SmartStop Self Storage REIT Inc. (SSSR), a self-managed real estate investment trust, has been named the top-performing “lifecycle REIT” by “The IPA/Stanger Monitor,” a quarterly report sponsored by the Institute for Portfolio Alternatives (IPA) and published by investment banking firm Robert A. Stanger & Co. Inc. The publication tracks the total return of publicly registered, non-listed REITs. SSSR was the top performer in the Summer 2022 issue across one-year (51.3%), three-year (18.3%) and five-year (14.1%) returns, according to a press release.
“We’ve worked diligently over the past 18 years to build and grow a premier brand and storage portfolio that not only provides quality service to our customers but also provides strong value to our stockholders,” said H. Michael Schwartz, chairman and CEO of SmartStop. “Recognition by ‘The IPA/Stanger Monitor’ validates our income and growth strategy, the remarkable achievements of our team, and the robustness of our platform.”
The publication tracks and analyzes the total return of 22 “lifecycle REITs” and 17 “net asset value REITs,” with a combined market capitalization of more than $114.4 billion, the release stated.
SSSR operates the SmartStop Self Storage brand in addition to sponsoring private self-storage programs through its indirect subsidiary SmartStop REIT Advisors LLC. Its owned and managed self-storage portfolio of 174 properties in 22 states and Toronto comprises approximately 13.5 million net rentable square feet.