SmartStop Self Storage REIT, Inc. Reports 2020 Second Quarter Results and Highlights
August 18, 2020
LADERA RANCH, Calif., Aug. 18, 2020 /PRNewswire/ — SmartStop Self Storage REIT, Inc. (“SmartStop”), a self-managed and fully-integrated self storage company with approximately $1.6 billion of self storage assets under management, announced its overall results for the three and six months ended June 30, 2020.
“While there is no doubt that COVID-19 had an impact on all businesses, self storage has remained relatively stable in the midst of this pandemic,” said H. Michael Schwartz, Executive Chairman of SmartStop. “It speaks to the power of the SmartStop® platform and the investments made in technology over the years that we were able to continue to grow occupancy and revenues during the second quarter. Additionally, the transformation of SmartStop Self Storage REIT into a self-managed company last year is continuing to bear fruit in the form of FFO, as adjusted growth, despite macroeconomic headwinds.”
