Strategic Storage Growth Trust Reports Strong Financials During 4Q17

Strategic Storage Growth Trust, Inc., a publicly registered non-traded real estate investment trust, announced continued growth in total revenues, same-store revenues, net operating income, and occupancy as part of its overall operating results for the three and 12 months ended December 31, 2017.

“With the seven acquisitions completed during 2017, as well as three additional properties acquired in the first quarter of 2018, we have deployed the capital raised during the closedown of our public offering into assets that we believe have positioned the company for continued growth as these properties stabilize” said H. Michael Schwartz, chairman and chief executive officer of Strategic Storage Growth Trust.

Fourth Quarter 2017 Highlights

Increased total revenue by approximately $1.7 million, or 66 percent, when compared to the same period in 2016.

Increased same-store revenues and NOI by 10 percent and 14.9 percent respectively, compared to the same period in 2016.

Increased same-store average physical occupancy by approximately 3.2 percent to 92.5 percent from 89.3 percent compared to the same period in 2016.

Increased same-store annualized rent per occupied square foot by approximately 5.5 percent to $12.75 from $12.08 compared to the same period in 2016.

Increased cash flows from operations by approximately $1.3 million, or 257 percent, when compared to the same period in 2016.

Increased modified funds from operations by approximately $1.2 million, or 292 percent, when compared to the same period in 2016.

Year-to-Date Highlights

Increased total revenue by approximately $4.5 million, or 48 percent, when compared to the same period in 2016.

Increased same-store revenues and NOI by 15.2 percent and 26.1 percent, respectively, compared to the same period in 2016.

Increased same-store average physical occupancy by approximately 5.3 percent to 94.2 percent from 88.9 percent compared to the same period in 2016.

Increased same-store annualized rent per occupied square foot by approximately 8.7 percent to $11.97 from $11.01 compared to the same period in 2016.

Increased cash flows from operations by approximately $1.9 million, or 1118 percent, when compared to the same period in 2016.

Increased modified funds from operations to approximately $3.8 million from a loss of approximately $1.1 million compared to the same period in 2016.

Strategic Storage Growth Trust is sponsored by Smartstop Asset Management and focuses on the acquisition, development, redevelopment and lease-up of self storage properties. The company’s portfolio consists of 25 operating self storage facilities and two development properties. The offering launched in January 2015 and raised more than $279 million in investor equity before closing in March 2017.

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