- SmartStop Self Storage REIT, Inc. (SMA, Financial) will be added to the Russell 3000 Index following its recent NYSE listing.
- This inclusion marks a significant milestone in SmartStop's growth as a publicly traded company.
- The addition will be effective after the market closes on June 27, 2025, potentially increasing visibility among institutional investors.
SmartStop Self Storage REIT, Inc. (SMA) is set to join the Russell 3000® Index following the annual reconstitution of the Russell indexes. The addition will take effect after the market closes on June 27, 2025. This significant development follows SmartStop’s successful listing on the New York Stock Exchange in April 2025.
The Russell 3000 Index includes the largest 3,000 U.S.-traded stocks by market capitalization. SmartStop's inclusion underscores its growth and prominence as a notable player in the self-storage industry. The company's final placement within the additional subindexes, such as the Russell 1000® and Russell 2000® Indexes, will be determined by its relative market capitalization.
SmartStop's CEO, H. Michael Schwartz, remarked that joining the Russell indexes highlights the progress made by the company and reinforces its platform. The inclusion is expected to enhance SmartStop's visibility and appeal among institutional investors as the company continues to implement its growth strategy.
As of May 2025, SmartStop manages a portfolio of 221 operating properties across 23 U.S. states and Canada, comprising approximately 157,600 units and 17.7 million rentable square feet, reinforcing its position as a leading participant in the self-storage sector.
