Investor Presentation

INVESTOR

A Full Lifecycle, Hardware-Enabled SaaS Platform for the Rental Housing Industry

1

NOVEMBER 4, 2026

Connected solutions across the unit, property and portfolio.

One platform connecting hardwa e, software and data, turning property ope ations into building intelligence.

SIIRT

LISTED

NYSE

SMART APARTMENTS

Connected technology inside the unit.

Smart Locks

Keyless access

Smart Thermostats

Energy management

(y y) Sensors & Hub

• Connected devi ce platform

Asset Protection

Leak & risk detects a n

SMART COIII IUNITIES

Access ano experiences across the property.

Access Control

Proper Ly-wide access

Self-Guided Tours Automated leasing tours

Video Intercom

Visitor access

Resident App

Resident experience

SI•IART OPERATIOHS

Software that automates property workflows.

Work Management

Work orde r workflows

Inspection Management Digital insDections

Answer Automation

Ai-powered supoort

Audit Management

Compliance workflows

H IG HER

N OI

M 0 RE E FFICI ENT O PE RATIONS

STRONG ER ASSET

PROTE CTI ON

GREATER RES IDE NT RETE NTION

IN CREAS E D REVE N UE LIFT

N 0 R E S 0 L U T 1 0 N S P E R P R 0 P E R T Y . H I G H E R V A L U E P E R C U S T 0 N E R .

A full-lifecyc e, hardware-enabled SaaS platform fo the rental housing industry.

SrnartRentconnec[sthe unit, proper|yand porfoio through an integrated paforrn tha delversa safer, smarterancl more ef*ic›ent Irving exoer›ence at scale.

SMRT

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NYSE

H O W I T W O R K S

We combine hardware, software and services to

dig›tize rental housing, creating a connected experience for residents and operators and a long-term platform for growth.

O•

W H 0 W E S E R V E

We partner with leading multifamily owners and operators across the U.S., with deeo, multi-year relationsh ips.

Multifamily Owners

anu Operators

S C A L E + E C O N O M I C S

A large installed base generates hull-margin, recurring revenue with strong retention and expansion opoortunities.

Installed UniIs

ARR

DEPLOY CONNECT

Expr D RENEW +

REFRESH

Rec urr ing Saa 5 -› Harc1wa re Li*ecycl e

Units Owned or Controlled by Existing Customers

Communities

Custonlec NRR

SaaS Gross jar ›n

0 N E P L AT F O R M . M U LT I P L E R E V E N U E S T R E A M S . L 0 N G - T E R M C U S T O M E R R E L A T 1 0 N S H I P S .

Enterprise relationships spanning multiple years, properties and solutions.

An expanding installed base drives durable revenue and cash flow growth.

A differentiated, hardware-enabled SaaS platform positioned for durable, profitable growth.

SMRT

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LARGE, EMBEDDED

UNDERPENETRATED GROWTH WITHIN A MARKET SCALED CUSTOF1ER

BASE

• Significant whitespace • Deep customer opportunity across the relationships

  multifamily market • Multiple paths to expand

• Meaningful whitespace units and solutions within existing customers • High renewal rates and

minimal churn

MULTIPLE RECURRING GROdTH ENGINES

• Deploy new units

• Land & expand solutions

• Renew and price

• Hardware refresh

• Reinvest to drive further growth

  A I' 1 0 R E V A L U A B L E , S C A L A B L E , C A S H - G E N E R A T I V E C 0 N P A N Y

• Building intelligence: an emerging data and AI lever

  HIGH-IflARGlN RECURRING REVENUE

  + OPERATING LEVERAGE

• Growing installed base compounds recurring revenue

• 7596 SaaS gross margin ' SCalable model drives

  improving unit economics

  CLEAR PATH TO PROFITABLE GROWTH

• Strong balance sheet

  with no debt

• Disciplined execution across five strategic pillars

• Measurable targets for units, profitability and free cash flow

  CASH FLOW fiLYWHEEL

  Our insta fled base drives a self-reinfo cing cycle of recu ring revenue, hardware refresh, reneVva!s and expansion,

  creat› ng durab e cash flows that we rei nvest *o‹ long-term growth.

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  NYSE

  INSTALLED BASE

  • 942K units installed

  • 122.5K units booked (TTM)

  • 600 customers

    INSTALLED

    BASE

    REINVEST

• Invest in data, analytics and AI (building intelligence)

• Seale go-to-ma rket

• Pursue strategic opportunities (including M&A)

  RECURRING REVENUE

  • $63M ARR

  • 100% customer NRR

    HARDWARE REFRESH

  • Repeat refresh cycles

  • Next-gen hardware

    opportunty

  • Expand SaaS at refresh

RECURRING REVENUE

HARDWARE REFRESH

SMARTRENT

RENEWALS

LAND & EXPAND

• Add devices and services

• Increase penetration

• Grow wallet share

  RENEWALS

• High renewal rates

• Lang-term contracts

• G rowing ARPU

MULTIPLE GROWTH ENGINES ACROSS THE CUSTOMER LIFECYCLE

A full-Jifecycle platform drives increasing value per customer over time.

SI•IRT

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f4 0 R E S 0 L U T I O N S .

I•I 0 R E VA L U E. A ST RON G E R,

L O N G E R C U ST O I•I E R R E LAT 10 N SH I P.

DEPLOY

Establish the

connected foundation

• Smart locks

• Sman thermostats

• Sensors and huo

• Property management software

  @ EXPAND

  Add solutions

  across units

  and common areas

  • Portfolio rollout

  • Access control

  • Package management

  • Video intercom

  • Self-guided hours

    RENEW & PRICE

    Drive recurring

    revenue and

    higher value

  • Contract renewals

  • Pricing optimization

  • Expanded solutions

  • Higher ARPU

    REFRESH

    upgrade and extend tne lifecycle

  • Next-generation hardware

  • New device categories

  • Data, analytics and

    Al-driven insights

    R E 5 U LT I N G I N H I G H E R

    C U S T O M E R LI F E T I kl E VA L U E

    eD

    >4x"'

    Typical revenue per unit

    Multi-year

    Relationships with the industry's largest ooerators

    Higher

    C U ST 0 I•I E R VA LUE

    P i L o z

    PORTFOLIO

    R 0 LLO UT

    "

    SOLUT I ONS

    "" IS

    man cwais & zouiPnzwi Rerezsn zs

    HIOHER ARPU & FULL LtFEIYCLE

    Customer lifetime value a n d more resilient revenue

    STRONG BALANCE SHEET ENABLES DISCIPLINED VALUE CREATION

    A solid financial foundation gives us the flexibility to invest, pursue strategic opportunities and return capital.

    S89M $7SM

    SI•IRT

    LISTED

    NYSE

    CASH AND CASH EQUIVALENTS

    As of September 30, 2026

    UNDRAWN REVOLVING CREDIT FACILITY

    As of September 30, 2026

    ASTRONG,FLEXIBLE

    CAPITALSTRUCTURE

    D I S C I P L I N E D C A P I T A L A L L 0 C AT 1 0 N

    We are focused on deploying capital to d^ive long-term, sustainable value for shareholders.

    INVEST IN THE CORE

    Fund organic growth, product innovation and operational efficiency.

    PURSUE STRATEGIC OPPORTUNITIES

    Evaluate value-accretive partnerships, M&A and ad acent markets.

    MAINTAIN

    FINANCIAL

    FLExiaiLlTv

    Preserve a strong balance sheet to navigate opportunities and market cycles.

    RETURNVALUE

    TOSWAREWOLDERS

    Consider opponunistic share repurchases over time.

    A S T R 0 N G E R B A L A N C E S H E E T T 0 D A Y. A g I D E R S E T 0 F 0 P P 0 R T U N I T I E S T 0 N O R R 0W .

    VISION 202B

    A strategic roadmap to accelerate profitable growth and build a more scalable, cash-generative company.

    T II O V A L U E - C R E A T 0 N P R 10 R I T I E S

    ACCELERATE PROFITABLE GROWTH

    e Exoand the installed base at a double digit compound rate

    • Broaden data-driven solutions to increase customer ROI

      OPERATIONALl[E0 THROUGH FIVE STRATEGIC PILLARS

      SIIRT

      LISTED

      NYSE

      EXPAND PROFITABILITY & CASH FLON

• Drive higher ARPu and operating leverage

• Leverage a scalable operating model to generate durable cash flow

@

1 1

01 02

GRON SCALE

INSTALLED BASE GO-TO-¥'1ARKET

03

DEEPEN PLATPOR¥4 INTEGRATION

• Data, analytics and AI

  04

  ADVANCE HARDWARE PLATfiOR¥•4

• Next-generation

  05

  STRENGTHEN OPERATING RIGOR

• Sustainable operating leverage

  • Add new customers

  • Increase units per customer

  • Expand to new markets

• Larger, more efficient commercial organization

• Broaden channel

  and partner reach

• Orive higher win rates

  across the platform

• More solutions per unit

• Deeper resident and ooerator workflows

  architecture

• Hardware refresh cycles

• Expanded device categories

• Disciplined capital allocation

• Free cash flow generation

A N 0 R E V A L U A B L E . S C A L A B L E . C A S H- G E N E R A T I V E C 0 M P A N Y

VISION 2028

Clear ta gets. Disciplined execution. A more valuable future.

GRON THE INSTALLED BASE

Expanding our foundation

DRIVE PROFITABILITY AND CASH FLOW

A more sca!aDIe, efficient business

SMRT LISTED NYSE

installed units

IH 2027

installed units

V¿ 2028

CAGR installed base 2026 - 2028

Positive Adjusted EBITDA

Ful I-year 2026

Breakeven Operating Cash Flow(1)

FY 2026, funding sales growth

2O2&

THE 1M UNIT INFLECTION POINT

At 1 million installed units, we ublock meaningful operating leverage as a !a^ge^ portion of our *ixecl cost3

s ^e covered by recurring revenue, driving higher m.nrgins and stronger *see cash flow as we sc.aIe beyond that Doint.

P R OV E T HE M 0 D E L

2027

S C A LE TH E BAS E

2O2B

C 0 M P 0 UN D VA L UE

Appendix

*" SMARTRENT"

N Y S E S M R T

I N V E S T 0 R 0 V E R V I E d

20 Definitions of Key Operar ing Metrics

19 Reconciliation of Total Revenue to Core Revenue

November 4, 2026

CUSTOMER SUCCESS

Strategic pricing and expansion drive a larger, more durable customer relationship

i L L u s z R a t i v E c U 8 T D I•I E R

Leading Plultifamily Owner

DELIVERING I4EASURABLE VALUE FOR OUR CUSTOMER

SI•IRT

LISTE D

NYSE

A multi-year partnership that demonstrates the power of pricing, expansion, hardware refresh and renewals to drive long-term value.

'SmortRent has become a critical

partner in our operating strategy. Their salutlons improve our operational efficiency, enhance the resident experience, arid

their willingness to /nriovote ond

olign on pricing ond long-term

A safer, more efficient operation and a better resident experience.

Enhanced Security Controlled access and real-time visibility across che portfolio.

100+ Tens of

Communities thousands

Multiple

Markets

growth Nos made them on invaluable partner."

Better Resident Experience Modern, connected living with

EXPANDING VALUE OVER TII•IE

Units

U.S. - EXECUTIVE. NU LTIFANI LY ON N E R

reliable WiFi and smart home features.

Lower Operating Costs

INITIAL DEPLOYNENT

RENE f & PRICE

HARDWARE REFRESH

CONTINUED EXPANSION

From initial deployment ra renewals, expansion and hardware refresh, driving a larger, more durable customer relationship.

E

Automation, remote management and fewer on-site maintenance visits.

Greater Operational Efficiency Centralized management and actionable data insights.

Supports Higher Asset Value

Modernized communities that attract and retain residents.

Pilot

Year2-3

Portfolio Rollout

Year4-5

Renew and increase value

Year5-7

Equ ipmenE Refreshes

and Upgrades

Ymr7+

Deeper partner ship

"SmartRent helps us operate more efficiently, deliver a better experience for our residents, andfuture-proofs our communities."

- E x E cuzivE. kl ULTD FANILY 0W NER

14

(Unaudited, $ in thousands, except per share amounts)

Note: Information as of September 30, 2026. Source: SmartRent SEC filings 15

(Unaudited, $ in thousands, except per share amounts)

Note: Information as of September 30, 2026. Source: SmartRent SEC filings 16

RECONCILIATION OF NET LOSS TO EBITDA AND ADJUSTED EBITDA

SMRT

LI STED

NYSE

Adjusted EBITDA

i,os8 $ 717 8 374 $ 2 14 $ (2,925)

17

Note: Information as of September 30, 2026. Source: SmartRent SEC filings. 18

(Unaudited, $ in thousands)

Note: Information as of September 30, 2026. Source: SmartRent SEC filings 19

A P P E N D I X

Definitions of Key Operating Metrics

SmartRent regularly monitors several financial and operating metrics including the following which the Company believes are key measures o+ its growth, to evaluate its operating performance, identify trends affecting its business, formulate business plans, measure its progress, and make strategic decisions. These metrics may not provide accurate predictions of future GAAP financial results.

lWSTALLED BASE

Units Deployed

+he aggre8•te n umber of Hub Devi ce5 that h ave been instaIled (including c ust omer se IfinstallationsJ and have an active sub scr i ation as of a stated

m ea surement date.

New Units Deployed

the aggregate n umber of Hub Devices that were installs d (inc luding customer self-installations) and resultecl in a new active subscriotion during a stated measurement period.

Hardwa re Upg rade Units

the aggregate number of existing Units DeplDyed which had new hardware installed by Smart Rent during a stated measurement period excluding any new hardware installed as warranty re olacements.

un‹t« shipped

+he aggregate n umber of Hub Devi ces that h ave

been shit oed to customers during a stated

m ea sr‹rement per iod.

DEMAND AND RECU RRIHG R EVEWU E

Units Booked

The a8sregate number of Hub Device units subject to binding orders executed during a stated measurement oeriod that are exoected to result in a New Unit D eployed. The Company utilizes Units Booked to mea sure estimated near term resource demand and the resulting approximate range of post delivery revenue that it will earn and record.

Units Booked reorese nt binding orders only.

Bookings

The contract value of hardware, oro+essionaI services, and the first year of ARR +Or binding orders executed during a stated measurement period, including renewals an d upgrades

Saa8 Revenue

Subsc r ation revenue tram fees pa id by c usto m ers for access to one or more of SmartRent's software appli cations, incIu di ng access controls, asset monitoring an d re lated servic es, and a ur Community WiFi solution.

Annual Recurring Revenue ("ARR")

The annua lized value of our Saad Revenue earned in the curre nt qu arter, calculated by cake ng the total amount of SaaS Reven ue in the curre nt qu arter and multiolying that amount by four.

A V E R A G E R E V E N U E P E R U N I T

Hardware ARPU

Total hardware revenue during a given period

d vided by th e tDtal Units Shipped during the same period.

Professional Services AR u

Total prDoes s iDnal services revenue du ring a given period divided by the total N ew Units Deployed, excluding customer selfinstallations, during che

sum e Der ia d.

SaaS ARPU

Total Saa 5 Reve nue during a given period divided by the average aggregate Units Deolayed in rhe same period divided by the number o+ m onth s in the period.

Units Booked SaaS ARPU

The first year ARR for b inding orders with Units Booked executed d UF'"8 stated m easur ement peri ad divided by the tOtal U nuts Booked in the sa me peri ad divid ed by the numbe r D+ m onth s in the period.

R E T E N T 1.0 N

Customer hlet Revenue Retention

SaaS Rene nue at the end of the current period

rel ated to customers which had 5aa5 Revenue at the end of the same period in the prior year, divided by SaaS Rene nue at the end of the same period in the Drior year for those same customers. A customer with SaaS Revenue is an entity that has an active subsc riot on during the stated period. Inet udes

a ddition s to revenue from transfers of ownership, orice increases on exi sting oroducts and additions of new oroduc ts at ex isring properties, affser by any reductions in reven ue caused by cancellations or downgrades.

Property Net Revenue Retention

SaaS R eve nue at the end of the current period

rel ated to propertie 5 which had SaaS Reven ue at Ehe end of the same period in th e prior year, divided by SaaS Revenue at the end of the same pe nod in the prior year for those same orOo erties. Inc ludes

a dd icion s to revenue from Dri ce in crea ses o n exi st ng oroduct s, ad diti ons of new prod ucts at

roerties and erans'ers of own ershi offset by any redi‹ccons in revenue caused by cancelRatio ns or downgra des.

Customer Churn

Cancelled Units Deployed during the measurement oerio d divided by Units De oloye d as of the beginning of rhe measurement pe ri od.

2O