SmartStop Celebrates 15 Years in the Canadian Self-Storage Market

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SmartStop Self Storage REIT Inc., a self-managed real estate investment trust that operates self-storage in Canada and the U.S., is celebrating 15years of serving the Canadian market. The company and its affiliates own or manage 49 properties across four provinces, totaling 4.3 million rentable square feet in 42,200 units. It has become the largest self-storage operator in the Greater Toronto Area and the fourth largest in the country, according to a press release.

SmartStop operates self-storage facilities in Alberta, British Columbia, Ontario and Quebec. Earlier this year, it opened its first Montréal location, marking its entrance into Quebec and extending its reach.

“Reaching 15 years in Canada is a proud moment for SmartStop,” said company CEO and chairman H. Michael Schwartz. “This anniversary represents the trust our partners have placed in us, the dedication of our teams, and our continued investment in delivering best-in-class storage experiences to our customers. We are grateful to the communities we serve, and we see this milestone as both a celebration of how far we have come and a reaffirmation of our commitment to raising the bar for storage across Canada.”

SmartStop has modernized its facilities, improved digital tools and expanded its security systems, all while adapting to changing residential and commercial storage needs, the release stated.

“As we look ahead, our focus is on expanding our presence, strengthening our portfolio and continuing to innovate,” said Bliss Edwards, executive vice president for SmartStop in Canada. “Canada remains central to our future, and this anniversary highlights the foundation we’ve built and the opportunities ahead.”

SmartStop owns or manages more than 460 self-storage facilities in 34 U.S. states, Washington D.C., and Canada. Together, they comprise 35 million rentable square feet in 270,000 units. The company was added to the Russell 3000 Index in June and launched its initial public offering on the New York Stock Exchange in April.

Source: BusinessWire, SmartStop Self Storage Marks 15 Years in Canada With Continued Growth and Market Leadership

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