Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-16

SmartStop Self Storage REIT, Inc. (SMA)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,846,581
Herbert Schwartz total, FY2025
25th
CEO pay percentile vs peers
114:1
CEO-to-median pay ratio
96.26%
Say-on-pay support, latest vote
Companies that benchmark against SMA
1 company names SMA as a compensation peer

Each company listed discloses SMA in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named SMA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Herbert Schwartz$625,000$0$3,800,000$0$406,456$0$15,125$4,846,581
Chief Executive Officer and President
Joe Robinson375,00001,289,7390119,081039,3111,823,131
Chief Operations Officer
James Barry350,00001,304,7390125,748031,4741,811,961
Chief Financial Officer
Wayne Johnson362,50001,214,7390119,760033,1181,730,117
Chief Investment Officer
Michael Terjung305,00001,079,739089,820039,2861,513,845
Chief Accounting Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Herbert Schwartz$4,846,581$5,109,915$4,742,747−263,334
Joe Robinson1,823,1311,030,003941,482+793,128
James Barry1,811,9611,027,837931,510+784,124
Wayne Johnson1,730,117921,711757,419+808,406
Michael Terjung1,513,845707,932609,167+805,913

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
David J. MuellerDirector2026-05-18D425$30$12,610CommonForm 4 ↗
David J. MuellerDirector2026-06-16D4253213,787CommonForm 4 ↗
Harold "Skip" PerryDirector2026-06-23A3,23000Derivative, Class A CommonForm 4 ↗
Lora GotchevaDirector2026-06-23A3,07500Derivative, Class A CommonForm 4 ↗
David J. MuellerDirector2026-06-23A3,23000Derivative, Class A CommonForm 4 ↗
Timothy S. MorrisDirector2026-06-23A3,07500CommonForm 4 ↗
David J. MuellerDirector2026-07-16D4253314,187CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Wayne JohnsonRSU2025-03-174,500$234,500
James BarryRSU2025-04-0119,895569,992
James BarryRSU2025-03-175,657294,800
H. Michael SchwartzPSU2025-03-1712,03024,06048,1201,254,000
H. Michael SchwartzPSU2025-03-176811,3622,72470,950
Joe RobinsonRSU2025-03-175,464284,750
H. Michael SchwartzRSU2025-03-1748,8482,546,000
James BarryRSU2025-04-029,424294,747
Michael TerjungRSU2025-03-172,764144,050
H. Michael SchwartzPSU2025-03-171,3932,7865,572145,200
H. Michael SchwartzPSU2025-03-171,1082,2164,432115,500
H. Michael SchwartzPSU2025-03-171,3462,6915,382140,250
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Wayne Johnson$234,500$0$00.0%
James Barry1,159,539000.0%
H. Michael Schwartz2,546,0001,725,900040.4%
Joe Robinson284,750000.0%
Michael Terjung144,050000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
James BarryPSU5,459$168,901
Joe RobinsonPSU2,58880,073
Michael TerjungRSU63019,484
James BarryRSU2,72084,157
Joe RobinsonRSU19,895615,551
Michael TerjungPSU1,31040,531
Joe RobinsonRSU9,424291,579
Michael TerjungPSU1,36242,140
Wayne JohnsonRSU9,424291,579
Joe RobinsonRSU2,62781,279
Wayne JohnsonPSU2,13165,933
Joe RobinsonPSU5,273163,147
Joe RobinsonRSU4,098126,792
James BarryRSU9,424291,579
Joe RobinsonRSU1,33841,405
Michael TerjungPSU2,48276,793
Wayne JohnsonRSU97630,205
James BarryRSU4,243131,271
Michael TerjungRSU9,424291,579
Wayne JohnsonRSU19,895615,551
SchwartzPSU23,138715,874
Wayne JohnsonRSU3,375104,423
Michael TerjungRSU19,895615,551
SchwartzPSU47,1431,458,604
SchwartzRSU23,488726,703
SchwartzRSU36,6361,133,518
James BarryRSU19,895615,551
SchwartzPSU24,060744,416
SchwartzRSU11,965370,182
Wayne JohnsonPSU3,846118,995
James BarryPSU2,67982,888
James BarryPSU2,78686,199
Wayne JohnsonPSU2,21668,563
Joe RobinsonPSU2,69183,260
Wayne JohnsonRSU2,16466,939
Michael TerjungRSU2,07364,139
James BarryRSU1,38642,867
Michael TerjungRSU1,32941,119
05

Incentive-plan design — the Compensation Discussion & Analysis

The philosophy underlying our executive compensation program is to provide an attractive, flexible and market-based total compensation program tied to performance and aligned with the interests of our stockholders. Our objective is to recruit and retain the caliber of executive officers and other key employees necessary to deliver sustained high performance for our stockholders.

CEO STI target (% of salary)108%
CEO LTI target (% of salary)
Independent consultantFerguson Partners Consulting (FPC)
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-2335,947,3531,397,075271,97296.26%Passed
20242024-06-2541,788,6922,756,5944,418,70293.81%Passed
20222022-06-1536,226,7342,486,4534,270,22393.58%Passed
20202020-06-2624,851,8331,891,3503,115,58192.93%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-2396.26%a
20242024-06-2593.81%b
20222022-06-1593.58%c

a. Approved under the standard stated in the filing — “Any shares present but not voted (whether by abstention, broker non-vote, or otherwise) will not count as votes cast on this proposal, and thus will have no effect on the result of and the Compensation Committee value the opinions expressed by stockholders in their advisory votes on this proposal and will consider the outcome of the vote when making future compensation decisions regarding our named executive officers.”.

b. Approved under the standard stated in the filing — “Any shares present but not voted (whether by abstention, broker non-vote, or otherwise) will not count as votes cast on this proposal, and thus will have no effect on the result of and the Compensation Committee value the opinions expressed by stockholders in their advisory votes on this proposal and will consider the outcome of the vote when making future compensation decisions regarding our named executive officers.”.

c. Approved under the standard stated in the filing — “Any shares present but not voted (whether by abstention, broker non-vote, or otherwise) will not count as votes cast on this proposal, and thus will have no effect on the result of and the Compensation Committee value the opinions expressed by stockholders in their advisory votes on this proposal and will consider the outcome of the vote when making future compensation decisions regarding our named executive officers.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)114 : 1
CEO total compensation$4,846,581
Median employee compensation$42,513
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Harold "Skip" PerryIndependent · Audit · Compensation · Nominating/Governance (Chair)$112,125$380,025$0$0$266$492,416
David J. MuellerIndependent · Audit (Chair) · Nominating/Governance97,125380,02500426477,576
Timothy S. MorrisIndependent · Audit · Compensation (Chair) · Nominating/Governance93,375380,02500693474,093
Paula MathewsIndependent · Audit · Nominating/Governance · Departed during FY31,875380,02500419412,319
H. Michael SchwartzEmployee director · Board Chair000266,000266,000
Lora GotchevaIndependent · Compensation · Nominating/Governance · Partial-year service · Newly elected41,250100,000001,006142,256
09

Board fee structure and ownership guideline

Annual cash retainer$65,000
Annual equity retainer$100,000
Per board meeting fee$1,500
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$375,750
Equity awards (grant-date value)$1,620,100
All other compensation$268,810
Total cost of the board$2,264,660

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies SmartStop Self Storage REIT, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including SmartStop Self Storage REIT, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Extra Space Storage Inc.2025Joseph Margolis$940,000$11,138,715$0$1,616,213$14,186,887
2Easterly Government Properties, Inc.2025Darrell Crate825,0008,508,5190930,00010,277,519
3Public Storage2025Joseph Russell1,000,0003,982,3712,907,5832,005,8239,909,777
4Essential Properties Realty Trust, Inc.2025Peter Mavoides800,0006,853,00001,950,0009,634,000
5CubeSmart2025Christopher Marr920,0003,679,9651,839,9972,523,6579,177,452
6InvenTrust Properties Corp.2025Daniel Busch950,0004,627,08402,012,8137,597,244
7Acadia Realty Trust2025Kenneth Bernstein850,0003,574,54402,486,8986,922,230
8American Healthcare REIT, Inc.2025Danny Prosky800,0004,355,8290840,0006,685,948
9AH Realty Trust, Inc.2025Shawn Tibbetts672,3854,411,4280953,2506,091,906
10Brandywine Realty Trust2025Gerard Sweeney800,0003,472,94001,520,0005,812,631
11Sila Realty Trust, Inc.2024Michael Seton825,0002,275,00001,949,0635,510,455
12Independence Realty Trust, Inc.2025Scott Schaeffer800,0002,825,67501,127,2625,266,937
13SmartStop Self Storage REIT, Inc.2025Herbert Schwartz625,0003,800,0000406,4564,846,581
14National Storage Affiliates Trust2024David Cramer675,0003,620,0060491,1504,799,956
15LTC Properties, Inc.2025Pamela Shelley-Kessler650,0002,250,00001,117,1884,027,538
16Centerspace2025Anne Olson600,0001,391,37801,096,3193,105,197
17UMH Properties, Inc.2025Samuel Landy842,6001,599,9980315,7502,909,784

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
SmartStop Self Storage REIT, Inc.60%LTIP Units 100NoFerguson Partners Consulting (FPC)
Acadia Realty Trust145%LTIP Units 100Yes — Relative TSR vs. Nareit Shopping Center IndexFerguson Partners Consulting (FPC)
AH Realty Trust, Inc.123%LTIP Units 100Yes — Relative TSR Performance v. Custom Peer GroupFerguson Partners
American Healthcare REIT, Inc.150%RSU 50 · PSU 50Yes — Total Shareholder Return (TSR) relative to performance peer groupFerguson Partners Consulting, L.P.
Brandywine Realty Trust95%RSU 50 · PSU 50NoPay Governance LLC
Centerspace182.7%RSU 50 · PSU 50Yes — TSR relative to FTSE Nareit Equity IndexFerguson Partners Consulting L.P.
CubeSmart157%PSU 33 · RSU 33 · Options 33NoFerguson Partners
Easterly Government Properties, Inc.78%LTIP Units 100Yes — Absolute TSRFTI Consulting
Essential Properties Realty Trust, Inc.163%LTIP Units 100Yes — Relative TSRFerguson Partners Consulting L.P.
Extra Space Storage Inc.98.25%PSU 75 · RSU 25Yes — Relative TSRMeridian
Independence Realty Trust, Inc.203.4%PSU 75 · RSU 25Yes — Relative 3-year TSRnot disclosed
InvenTrust Properties Corp.212%RSU 100NoFerguson Partners Consulting
LTC Properties, Inc.137.5%RSU 50 · PSU 50Yes — Absolute TSRFrederic W. Cook & Co., Inc.
National Storage Affiliates Trust61%LTIP Units 100Yes — 3-Year TSR versus MSCI US REIT IndexFPC
Public Storagenot disclosedRSU 60 · Options 40not disclosedFerguson Partners Consulting
Sila Realty Trust, Inc.175%PSU 50 · RSU 50NoFPC
UMH Properties, Inc.100%MSU 34 · RSU 33 · PSU 33Yes — Relative TSR vs MSCI US REIT IndexKorn Ferry

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at SmartStop Self Storage REIT, Inc. in fiscal 2025?
Herbert Schwartz served as the highest-paid executive at SmartStop Self Storage REIT, Inc. in fiscal 2025, with total compensation of $4,846,581.
How does SmartStop Self Storage REIT, Inc.'s chief executive pay compare to its disclosed peer group?
The company reported that the chief executive's pay fell at the 25th percentile of the disclosed peer group.
What is SmartStop Self Storage REIT, Inc.'s CEO-to-median employee pay ratio?
The filing shows the CEO-to-median employee pay ratio was 114:1.
How did shareholders vote on SmartStop Self Storage REIT, Inc.'s executive compensation?
Shareholders voted 96.26% in support of the latest executive compensation proposal.
How much does SmartStop Self Storage REIT, Inc. spend in total on board compensation for fiscal 2025?
The total board compensation for fiscal 2025 was $2,264,660.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Herbert SchwartzDEF 14A2026-04-220001193125-26-170634Section “Summary Compensation Table” · page 1. As printed: 4,846,581. Filing ↗machine: span 365052–365061
2Section 01, Joe RobinsonDEF 14A2026-04-220001193125-26-170634Section “Summary Compensation Table” · page 1. As printed: 1,823,131. Filing ↗machine: span 379767–379776
3Section 01, James BarryDEF 14A2026-04-220001193125-26-170634Section “Summary Compensation Table” · page 1. As printed: 1,811,961. Filing ↗machine: span 372419–372428
4Section 01, Wayne JohnsonDEF 14A2026-04-220001193125-26-170634Section “Summary Compensation Table” · page 1. As printed: 1,730,117. Filing ↗machine: span 387092–387101
5Section 01, Michael TerjungDEF 14A2026-04-220001193125-26-170634Section “Summary Compensation Table” · page 1. As printed: 1,513,845. Filing ↗machine: span 394441–394450
6Section 03, Wayne Johnson RSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t103 · r21 · c44 · span 463228–463235
7Section 03, James Barry RSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t103 · r11 · c44 · span 439788–439795
8Section 03, James Barry RSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t103 · r9 · c44 · span 434836–434843
9Section 03, H. Michael Schwartz PSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t103 · r6 · c44 · span 427975–427984
10Section 03, H. Michael Schwartz PSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
11Section 03, Joe Robinson RSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t103 · r15 · c44 · span 449014–449021
12Section 03, H. Michael Schwartz RSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t103 · r5 · c44 · span 425419–425428
13Section 03, James Barry RSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t103 · r12 · c44 · span 442157–442164
14Section 03, Michael Terjung RSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t103 · r27 · c44 · span 477404–477411
15Section 03, H. Michael Schwartz PSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
16Section 03, H. Michael Schwartz PSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
17Section 03, H. Michael Schwartz PSUDEF 14A2026-04-220001193125-26-170634Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
18Section 07, pay ratioDEF 14A2026-04-220001193125-26-170634Section “CEO Pay Ratio”. As printed: 114 : 1. Filing ↗machine: span 786999–787002
19Section 08, Harold "Skip" PerryDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 492,416. Filing ↗machine: t154 · r6 · c27 · span 801921–801928
20Section 08, David J. MuellerDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 477,576. Filing ↗machine: t154 · r5 · c27 · span 799516–799523
21Section 08, Timothy S. MorrisDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 474,093. Filing ↗machine: t154 · r4 · c27 · span 797311–797318
22Section 08, Paula MathewsDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 412,319. Filing ↗machine: t154 · r7 · c27 · span 804179–804186
23Section 08, H. Michael SchwartzDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 266,000. Filing ↗
24Section 08, Lora GotchevaDEF 14A2026-04-220001193125-26-170634Section “Director Compensation”. As printed: 142,256. Filing ↗machine: t154 · r3 · c27 · span 795080–795087
25Section 02, David J. Mueller 2026-05-18Form 42026-05-190001672825-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, David J. Mueller 2026-06-16Form 42026-06-170001672825-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Harold "Skip" Perry 2026-06-23Form 42026-06-250001462184-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Lora Gotcheva 2026-06-23Form 42026-06-250002077183-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, David J. Mueller 2026-06-23Form 42026-06-250001672825-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Timothy S. Morris 2026-06-23Form 42026-06-250001462183-26-000001Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, David J. Mueller 2026-07-16Form 42026-07-160001672825-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
32Section 06, 2026 voteForm 8-K2026-06-250001193125-26-282749Item 5.07 · say-on-pay result. As reported: 96.26% (votes for as printed: 35,947,353). Filing ↗
33Section 06, 2024 voteForm 8-K2024-06-260000950170-24-077738Item 5.07 · say-on-pay result. As reported: 93.81% (votes for as printed: 41,788,692). Filing ↗
34Section 06, 2022 voteForm 8-K2022-06-150000950170-22-011673Item 5.07 · say-on-pay result. As reported: 93.58% (votes for as printed: 36,226,734). Filing ↗machine: span 61927–66802
35Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
36Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
37Section 09b board cost (computed)ComputedcomputedCash 375,750 + equity 1,620,100 + all other 268,810 = 2,264,660, summed across the director compensation table rows.machine: formula: Σ = 2,264,660
38Extra Space Storage Inc., Section 10b CEO totalDEF 14A2026-04-010001289490-26-000027CEO total compensation as printed in Extra Space Storage Inc.'s own proxy. As printed: 14,186,887. Filing ↗machine: r2 · c21 · span 521873–521883
39Easterly Government Properties, Inc., Section 10b CEO totalDEF 14A2026-03-230001622194-26-000008CEO total compensation as printed in Easterly Government Properties, Inc.'s own proxy. As printed: 10,277,519. Filing ↗machine: t32 · r4 · c14 · span 1314670–1314680
40Public Storage, Section 10b CEO totalDEF 14A2026-03-270001193125-26-128991CEO total compensation as printed in Public Storage's own proxy. As printed: 9,909,777. Filing ↗machine: t75 · r4 · c29 · span 2764941–2764950
41Essential Properties Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-03-310001193125-26-134683CEO total compensation as printed in Essential Properties Realty Trust, Inc.'s own proxy. As printed: 9,634,000. Filing ↗
42CubeSmart, Section 10b CEO totalDEF 14A2026-04-030001104659-26-039457CEO total compensation as printed in CubeSmart's own proxy. As printed: 9,177,452. Filing ↗
43InvenTrust Properties Corp., Section 10b CEO totalDEF 14A2026-03-190001307748-26-000097CEO total compensation as printed in InvenTrust Properties Corp.'s own proxy. As printed: 7,597,244. Filing ↗machine: t86 · r3 · c7 · span 1486834–1486843
44Acadia Realty Trust, Section 10b CEO totalDEF 14A2026-03-310001193125-26-134606CEO total compensation as printed in Acadia Realty Trust's own proxy. As printed: 6,922,230. Filing ↗machine: span 777495–777504
45American Healthcare REIT, Inc., Section 10b CEO totalDEF 14A2026-04-090001193125-26-149677CEO total compensation as printed in American Healthcare REIT, Inc.'s own proxy. As printed: 6,685,948. Filing ↗machine: r3 · c25 · span 905119–905128
46AH Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-04-300001569187-26-000061CEO total compensation as printed in AH Realty Trust, Inc.'s own proxy. As printed: 6,091,906. Filing ↗machine: span 682444–682453
47Brandywine Realty Trust, Section 10b CEO totalDEF 14A2026-04-070001193125-26-145566CEO total compensation as printed in Brandywine Realty Trust's own proxy. As printed: 5,812,631. Filing ↗machine: t214 · r4 · c24 · span 3086750–3086759
48Sila Realty Trust, Inc., Section 10b CEO totalDEF 14A2025-04-040001567925-25-000036CEO total compensation as printed in Sila Realty Trust, Inc.'s own proxy. As printed: 5,510,455. Filing ↗machine: span 1479805–1479814
49Independence Realty Trust, Inc., Section 10b CEO totalDEF 14A2026-03-190001437749-26-009071CEO total compensation as printed in Independence Realty Trust, Inc.'s own proxy. As printed: 5,266,937. Filing ↗machine: t171 · r1 · c25 · span 836781–836790
50SmartStop Self Storage REIT, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-220001193125-26-170634CEO total compensation as printed in SmartStop Self Storage REIT, Inc.'s own proxy. As printed: 4,846,581. Filing ↗machine: span 365052–365061
51National Storage Affiliates Trust, Section 10b CEO totalDEF 14A2025-03-280001628280-25-015431CEO total compensation as printed in National Storage Affiliates Trust's own proxy. As printed: 4,799,956. Filing ↗machine: t95 · r5 · c18 · span 799334–799343
52LTC Properties, Inc., Section 10b CEO totalDEF 14A2026-04-080001104659-26-040921CEO total compensation as printed in LTC Properties, Inc.'s own proxy. As printed: 4,027,538. Filing ↗machine: t203 · r7 · c20 · span 1255138–1255147
53Centerspace, Section 10b CEO totalDEF 14A2026-04-030000798359-26-000029CEO total compensation as printed in Centerspace's own proxy. As printed: 3,105,197. Filing ↗machine: t47 · r7 · c7 · span 589259–589268
54UMH Properties, Inc., Section 10b CEO totalDEF 14A2026-04-170001493152-26-017167CEO total compensation as printed in UMH Properties, Inc.'s own proxy. As printed: 2,909,784. Filing ↗machine: r6 · c31 · span 608102–608111
55Section 10a, UMH Properties, Inc. reciprocityDEF 14A0001493152-26-017167UMH Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
56Section 10a, American Healthcare REIT, Inc. reciprocityDEF 14A0001193125-26-149677American Healthcare REIT, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
57Section 10a, Acadia Realty Trust reciprocityDEF 14A0001193125-26-134606Acadia Realty Trust's most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
58Section 10a, Essential Properties Realty Trust, Inc. reciprocityDEF 14A0001193125-26-134683Essential Properties Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
59Section 10a, Brandywine Realty Trust reciprocityDEF 14A0001193125-26-145566Brandywine Realty Trust's most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
60Section 10a, National Storage Affiliates Trust reciprocityDEF 14A0001628280-25-015431National Storage Affiliates Trust's most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
61Section 10a, Easterly Government Properties, Inc. reciprocityDEF 14A0001622194-26-000008Easterly Government Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
62Section 10a, LTC Properties, Inc. reciprocityDEF 14A0001104659-26-040921LTC Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
63Section 10a, Public Storage reciprocityDEF 14A0001193125-26-128991Public Storage's most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
64Section 10a, Extra Space Storage Inc. reciprocityDEF 14A0001289490-26-000027Extra Space Storage Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
65Section 10a, CubeSmart reciprocityDEF 14A0001104659-26-039457CubeSmart's most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
66Section 10a, Independence Realty Trust, Inc. reciprocityDEF 14A0001466085-25-000037Independence Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
67Section 10a, Sila Realty Trust, Inc. reciprocityDEF 14A0001567925-25-000036Sila Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗
68Section 10a, AH Realty Trust, Inc. reciprocityDEF 14A0001569187-26-000061AH Realty Trust, Inc.'s most recent proxy was read; its disclosed peer group does not include SmartStop Self Storage REIT, Inc.. Filing ↗