Investor Presentaiton

2 GTA Storage Market Overview SmartStop Self Storage ...The Smarter Way to Store! The GTA market exhibits many of the positive market characteristics of the top U.S. MSAs, with far less institutional competition % Population Growth 10% 9% 8% 7% 6% 5% The GTA's Low Supply Ratio and Strong Population Growth Suggests a Long Runway for Absorption Relative to the Top 25 U.S. MSAS Top 10 U.S. MSAs and Toronto Population Growth vs. Supply Per Capita (1) T Toronto Houston Atlanta NYC Boston Dallas • The GTA would be the 6th largest MSA in the U.S. and, of those markets, the fastest growing market supported by strong economic and demographic fundamentals High barriers to entry limit development, including zoning restrictions that prohibit new construction Heavy concentration of non-institutional operators in the GTA self storage market allows for a relatively lower level of operating competition Self Storage Ownership in Canada and GTA is Highly Fragmented Ownership: Canada vs. U.S.(2) Largest Self Storage Owners in the GTA(3) 4% 3% 2% 1% T Philadelphia Top 25 U.S. MSA Avg. Washington D.C. Chicago U.S. National Average >6x LA Below U.S. Average Above U.S. Average 1.0x 2.0x 3.0x 4.0x 5.0x 6.0x Sq. Ft. / Capita 7.0x 8.0x 9.0x 10.0x . Public Storage Canada • U-Haul Non-Institutional Operators 41% 70% Access Storage / SVI SmartStop Institutional Operators 22% Storage Mart Apple U.S. Listed REITS 37% 30% Canada U.S. Sources: Claritas, Colliers, CoStar, Green Street, SNL, and The 2023 Self Storage Almanac. (1) U.S. 2022 - 2027 population growth forecasts per Claritas and sq. ft. per capita per the 2023 Self Storage Almanac; Toronto 2022 - 2027 population growth forecast per Ontario Ministry of Finance and sq. ft. per capita per Colliers. (2) Canada figures per Colliers May 2021 report and based on number of facilities; U.S. ownership per the 2023 Self Storage Almanac and based on rentable square feet. (3) Colliers August 2020 report based on rentable square feet. Investor Presentation | 10

View entire presentation