SmartStop Self Storage REIT Inc., a self-managed real estate investment trust (REIT), was officially added to the Morgan Stanley Capital International U.S. Real Estate Investment Trust (MSCI US REIT) Index. The index, which includes equity REITs, serves as an important benchmark for institutional investors and asset managers tracking real estate performance worldwide, according to a company press release.
“We are proud to join the MSCI US REIT Index,” said H. Michael Schwartz, SmartStop’s CEO and chairman. “Being included in this prominent index marks a major milestone for our organization. It provides us with an opportunity to expand our shareholder base and enhance SmartStop’s presence within the publicly traded REIT community.”
This addition comes on the heels of other recent milestones: SmartStop was included in the Russell 3000 Index in June and completed its initial public offering on the New York Stock Exchange in April.
Currently, SmartStop owns or operates 236 self-storage facilities across 23 states, totaling 19.1 million rentable square feet. Together with its affiliates, the company also owns or manages 49 properties in Canada, which represent an additional 4.2 million rentable square feet.