Strategic Storage Trust II Inc., a Maryland corporation (the “Company”), was formed on January 8, 2013 under the Maryland General Corporation Law for the purpose of engaging in the business of investing in self storage facilities. The Company’s year-end is December 31. As used in this report, “we,” “us,” “our,” and “Company” refer to Strategic Storage Trust II Inc. and each of our subsidiaries. SmartStop Asset Management, LLC, a Delaware limited liability company (our “Sponsor”) organized in 2013, was the sponsor of our Offering of shares of common stock, as described below. Our Sponsor is a company focused on providing real estate advisory, asset management, and property management services. Our Sponsor owns 97.5% of the economic interests (and 100% of the voting membership interests) of Strategic Storage Advisor II, LLC (our “Advisor”) and owns 100% of Strategic Storage Property Management II, LLC (the “T2 Property Manager”). In addition, as a result of the SSGT Merger (defined below), certain of our properties are managed by SS Growth Property Management, LLC, which is also 100% owned by our Sponsor (the “GT Property Manager” and together with the T2 Property Manager, our “Property Manager”). See the section titled “Certain Relationships and Related Transaction and Director Independence—Certain Relationships and Related Transaction—Property Management Agreements,” below, for more information.
Company profile
Ticker
STSFF, SSST
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Strategic Storage Trust II, Inc.
SEC CIK
Corporate docs
Subsidiaries
SmartStop OP, L.P. ...
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
16 Apr 24
ARS
2023 FY
Annual report to shareholders
12 Apr 24
DEF 14A
Definitive proxy
11 Apr 24
8-K
Recommendation to Reject an Unsolicited Offer
25 Mar 24
8-K
SmartStop Self Storage REIT, Inc. Reports Fourth Quarter 2023 Results
18 Mar 24
10-K
2023 FY
Annual report
18 Mar 24
8-K
SmartStop Self Storage REIT, Inc. Announces the Recast of its Multi-Currency Credit Facility
22 Feb 24
S-11/A
Registration of securities for real estate companies (amended)
26 Jan 24
8-K
Recommendation to Reject an Unsolicited Offer
17 Jan 24
8-K
SmartStop Self Storage REIT, Inc. Declares Updated Estimated Per Share Value
16 Jan 24
Latest ownership filings
4
Gerald Valle
11 Mar 24
4
Joseph H Robinson
11 Mar 24
4
Nicholas Look
11 Mar 24
4
Michael O Terjung
11 Mar 24
4
James R. Barry
11 Mar 24
4
Wayne Johnson
11 Mar 24
4
H. Michael Schwartz
11 Mar 24
SC 13G
Extra Space Storage Inc.
14 Feb 24
3
Initial statement of insider ownership
14 Feb 24
4
Gerald Valle
29 Jun 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 43.81 mm | 43.81 mm | 43.81 mm | 43.81 mm | 43.81 mm | 43.81 mm |
Cash burn (monthly) | (no burn) | 504.62 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 3.37 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 40.44 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 80.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
0.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 1 |
Closed positions | 2 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 76.00 k |
Total shares | 5.00 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Tradition Wealth Management | 5.00 k | $76.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Mar 24 | Schwartz H. Michael | Long-Term Incentive Plan Units Class A Common Stock | Grant | Acquire A | Yes | No | 0 | 185,094 | 0.00 | 613,964.21 |
7 Mar 24 | Schwartz H. Michael | Long-Term Incentive Plan Units Class A Common Stock | Grant | Acquire A | Yes | No | 0 | 187,897 | 0.00 | 739,773.16 |
7 Mar 24 | Johnson Wayne | Long-Term Incentive Plan Units Class A Common Stock | Grant | Acquire A | No | No | 0 | 17,048 | 0.00 | 70,056.77 |
7 Mar 24 | Johnson Wayne | Long-Term Incentive Plan Units Class A Common Stock | Grant | Acquire A | No | No | 0 | 17,307 | 0.00 | 89,361.11 |
7 Mar 24 | Barry James R. | Long-Term Incentive Plan Units Class A Common Stock | Grant | Acquire A | No | No | 0 | 21,432 | 0.00 | 58,918.75 |
7 Mar 24 | Barry James R. | Long-Term Incentive Plan Units Class A Common Stock | Grant | Acquire A | No | No | 0 | 21,757 | 0.00 | 75,651.48 |
7 Mar 24 | Terjung Michael O | Long-Term Incentive Plan Units Class A Common Stock | Grant | Acquire A | No | No | 0 | 10,474 | 0.00 | 40,602.85 |
7 Mar 24 | Terjung Michael O | Long-Term Incentive Plan Units Class A Common Stock | Grant | Acquire A | No | No | 0 | 10,631 | 0.00 | 51,012.87 |
7 Mar 24 | Look Nicholas | Long-Term Incentive Plan Units Class A Common Stock | Grant | Acquire A | No | No | 0 | 9,256 | 0.00 | 30,809.63 |
7 Mar 24 | Look Nicholas | Long-Term Incentive Plan Units Class A Common Stock | Grant | Acquire A | No | No | 0 | 9,395 | 0.00 | 37,513.95 |