March 2023 Investor Presentation

Attractive Industry Strong sector fundamentals generate outsized long-term returns 400% Self-Storage REIT Average Return vs RMZ 350% 300% 250% 200% 150% 100% 50% 0% 5-Year¹ 10-Year' 15-Year¹ Storage REITs2 ■ RMZ Index Dynamic Demand Wide range of needs drives demand for the product throughout all economic cycles High Margins Low expense load & cap-ex requirements drive more cash flow to the bottom line Short-Term Leases Month-to-month leases allow for rapid repricing in response to changing economic conditions Increasing Utilization Newly identified sources of demand have created increases in utilization and product awareness 1. For the periods ending December 31, 2022 2. Source: S&P Global Capital IQ, storage REITs straight average total return for CUBE, PSA, EXR, and LSI

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