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SmartStop Self Storage Reit Executive Compensation (FY25)

SMA · Ladera Ranch, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 25, 2026
279 figures on this page: 275 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
Herbert Schwartz was paid $4,846,581 in total compensation as Chief Executive Officer and President for fiscal 2025, and Schwartz's total was 5.2% lower than the $5,109,915 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 114:1, against median employee compensation of $42,513. For fiscal 2025, shareholders backed the say-on-pay proposal with 96.3% of votes cast for or against in favor at the meeting held June 23, 2026. The disclosed peer group names Acadia Realty Trust, AH Realty Trust, Inc., American Healthcare REIT, Inc., Brandywine Realty Trust and Centerspace, among others.
Chief executive, fiscal 2025
◇
Herbert Schwartz
Latest say-on-pay support
=
June 23, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Herbert Schwartz: $5,109,915 → $4,846,581 (5.2% lower)
CEO pay ratio: 133:1 → 114:1 (14.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is SmartStop Self Storage Reit's chief executive and what were they paid?
Herbert Schwartz was paid $4,846,581 in total compensation as Chief Executive Officer and President for fiscal 2025. Schwartz's total was 5.2% lower than the $5,109,915 reported for fiscal 2024.
What was SmartStop Self Storage Reit's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 96.3% of votes cast for or against in favor at the meeting held June 23, 2026.
Which companies are in SmartStop Self Storage Reit's peer group?
The disclosed peer group names Acadia Realty Trust, AH Realty Trust, Inc., American Healthcare REIT, Inc., Brandywine Realty Trust and Centerspace, among others.
What is SmartStop Self Storage Reit's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 114:1, against median employee compensation of $42,513.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Herbert Schwartz
Chairman, Chief Executive Officer, and President
◇—◇—◇—◇◇
Joe Robinson
Chief Operations Officer
◇—◇—◇—◇◇
Wayne Johnson
Chief Investment Officer and Director
◇—◇—◇—◇◇
James Barry
Chief Financial Officer
◇—◇—◇—◇◇
Michael Terjung
Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Herbert Schwartz
Chairman, Chief Executive Officer, and President
◇—◇—◇—◇◇
Joe Robinson
Chief Operations Officer
◇—◇—◇—◇◇
James Barry
Chief Financial Officer
◇—◇—◇—◇◇
Wayne Johnson
Chief Investment Officer and Director
◇—◇—◇—◇◇
Michael Terjung
Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Herbert Schwartz
Chairman, Chief Executive Officer, and President
◇◇◇—◇—◇◇
Joe Robinson
Chief Operations Officer
◇◇◇—◇—◇◇
James Barry
Chief Financial Officer
◇◇◇—◇—◇◇
Wayne Johnson
Chief Investment Officer and Director
◇◇◇—◇—◇◇
Michael Terjung
Chief Accounting Officer
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Herbert Schwartz
Chief Executive Officer and President
◇—◇—◇—◇◇
Joe Robinson
Chief Operations Officer
◇—◇—◇—◇◇
James Barry
Chief Financial Officer
◇—◇—◇—◇◇
Wayne Johnson
Chief Investment Officer
◇—◇—◇—◇◇
Michael Terjung
Chief Accounting Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
H. Michael SchwartzPSU◇◇◇—◇—◇
H. Michael SchwartzPSU◇◇◇—◇—◇
H. Michael SchwartzRSU◇——◇——◇
H. Michael SchwartzPSU◇◇◇—◇—◇
H. Michael SchwartzPSU◇◇◇—◇—◇
H. Michael SchwartzPSU◇◇◇—◇—◇
James R. BarryRSU◇——◇——◇
James R. BarryRSU◇——◇——◇
James R. BarryRSU◇——◇——◇
Joe RobinsonRSU◇——◇——◇
Michael TerjungRSU◇——◇——◇
Wayne JohnsonRSU◇——◇——◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Michael TerjungRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
James BarryRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Wayne JohnsonRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Joe RobinsonPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Herbert SchwartzPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Harold "Skip" Perry
◇◇———◇◇
David J. Mueller
◇◇———◇◇
Timothy S. Morris
◇◇———◇◇
Paula Mathews
◇◇———◇◇
H. Michael Schwartz
Board chair
—————◇◇
Lora Gotcheva
◇◇———◇◇
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Board meeting fee◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Acadia Realty Trust AKR
  • AH Realty Trust, Inc. AHRT
  • American Healthcare REIT, Inc. AHR
  • Brandywine Realty Trust BDN
  • Centerspace CSR
  • CubeSmart CUBE
  • Easterly Government Properties, Inc. DEA
  • Essential Properties Realty Trust, Inc. EPRT
  • Extra Space Storage Inc. EXR
  • Independence Realty Trust, Inc. IRT
  • InvenTrust Properties Corp. IVT
  • LTC Properties, Inc. LTC
  • National Storage Affiliates Trust NSA
  • Public Storage PSA
  • Sila Realty Trust, Inc. SILA
  • UMH Properties, Inc. UMH

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 23, 2026=◇◇◇
2023June 25, 2024=◇◇◇
2021June 15, 2022=◇◇◇
2019June 26, 2020=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact SmartStop Self Storage Reit disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where SmartStop Self Storage Reit sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
279 figures on this page: 275 cited to the filing that reported them, 4 calculated from figures it prints.
275 cited to the filing
4 calculated from the filing

Documents cited

  1. 0001193125-26-282749
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-170634
    CEO Pay Ratio · Director Compensation · Director Compensation for the Year Ended December 31, 2025 · Grants of Plan-Based Awards · and 3 more sections
  3. 0001193125-25-116905
    Summary Compensation Table
  4. 0000950170-24-077738
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001193125-24-092849
    Summary Compensation Table
  6. 0001193125-23-099102
    Summary Compensation Table
  7. 0000950170-22-011673
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001564590-20-030856
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “SmartStop Self Storage Reit executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SMA (accessed 2026).
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers SmartStop Self Storage Reit discloses

The companies named in SMA's own disclosed peer group.

Acadia Realty TrustAH Realty Trust, Inc.American Healthcare REIT, Inc.Brandywine Realty TrustCenterspaceCubeSmartEasterly Government Properties, Inc.Essential Properties Realty Trust, Inc.Extra Space Storage Inc.Independence Realty Trust, Inc.InvenTrust Properties Corp.LTC Properties, Inc.National Storage Affiliates TrustPublic StorageSila Realty Trust, Inc.UMH Properties, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy