US Market News
16時間前
SmartRent Launches Industry-First Automated Smart Thermostat Climate Protection FunctionJune 8, 2026 11:00 AM
Business WireProprietary feature engages preset thresholds during extreme temperature events to protect assetsSmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced the launch of its Climate Protection Mode feature. Built into SmartRent Alloy SmartHome Hub+ and Alloy Fusion thermostats, this first-of-its-kind asset protection technology provides a proactive defense against the leading causes of property damage: water, mold and moisture resulting from extreme environmental conditions.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260608749725/en/Built into SmartRent Alloy SmartHome Hub+ and Alloy Fusion thermostats, Climate Protection Mode provides a proactive defense against the leading causes of property damage: water, mold and moisture resulting from extreme environmental conditions.As the multifamily industry faces mounting insurance pressure, with premiums surging an average of 55% since 2021, Climate Protection Mode introduces a necessary layer of portfolio resilience. Unlike standard thermostat programming, the feature functions as a silent, secondary fail-safe designed for emergency mitigation. The system remains dormant unless ambient conditions reach dangerous extremes—below 42°F, above 98°F or if humidity exceeds 80%—at which point the system activates automatically to restore a safe baseline without encroaching on daily resident settings.“We designed Climate Protection Mode to act as an automated baseline for risk management,” said Chief Information Officer Sangeeth Ponathil. “By coding these safety thresholds directly on our Alloy SmartHome Hub+ and Alloy Fusion hardware, we are providing a hands-off asset protection tool that reduces human margin for error and addresses catastrophic damage before it impacts NOI, all while respecting resident privacy and daily autonomy.”While the average repair cost for a burst pipe at multifamily properties is approximately $15,000, operators often report damages between $30,000-$50,000, particularly in high- and mid-rise communities where flooding can impact multiple floors. Operators also incur an average of $7,650 in additional losses per incident related to resident displacement and rent loss. By aiming to prevent these failures, Climate Protection Mode protects the resident's home and belongings while potentially positioning owners for insurance premium reductions.The efficacy of Climate Protection Mode is already proven at scale with 20 enterprise customers across 54 properties. Recently, a top-tier multifamily REIT reported the system was successfully activated more than 1,200 times across its multi-state portfolio, averting costly weather-related crises and preventing an estimated $6.7 million in damages.“For multifamily operators, the most expensive risks are often the ones that go unnoticed, particularly in vacant units or during vendor turns when a climate system is inadvertently left switched off,” said Ponathil. “Historically, protecting against these blind spots required stretching on-site maintenance teams thin to conduct manual inspections or absorbing the financial hit of a major insurance claim. Recent reports from our customers clearly indicate the positive outcomes of effective climate protection technology.”For more information about SmartRent solutions, visit smartrent.com.About SmartRentFounded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent’s end-to-end enterprise ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption, enhancing the resident experience and more. The company’s differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit smartrent.com.View source version on businesswire.com: https://www.businesswire.com/news/home/20260608749725/en/Media Contact
Amanda Chavez - Vice President, Corporate Communications
media@smartrent.comInvestor Contact
Kelly Reisdorf - Head of Investor Relations
investors@smartrent.com Original: SmartRent Launches Industry-First Automated Smart Thermostat Climate Protection Function
US Market News
1月前
SmartRent Launches Value-Added Reseller ProgramApril 27, 2026 4:30 PM
Business Wire
Expands reach to serve small and mid-market multifamily owners and operators
SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced the launch of its strategic value-added reseller (VAR) program. This initiative marks an expansion of SmartRent’s go-to-market model and is designed to address the needs of small and mid-market rental housing owners and operators. SKBM Smart Technology, a long-time SmartRent installation provider, will be the first VAR in the program.
SmartRent has a strong position among the largest multifamily portfolios, with more than 900,000 IoT units deployed on its platform and 1.2 million units supported through maintenance and leasing solutions. Its existing customer base owns or controls more than six million units, providing meaningful runway for continued expansion. While these top-tier operators make up an important portion of the market, the broader U.S. rental housing landscape—comprising more than 40 million units—presents a substantial growth vector for SmartRent. SKBM Smart Technology, along with future VARs, enables SmartRent to extend its reach into the small and mid-market segment. This approach also enables SmartRent to deliver more localized, high-touch engagement that can scale alongside operators as their portfolios grow.
“Under our three-year Vision 2028 program, we are laser-focused on growing our market-leading installed footprint. Expanding our go-to-market team is a major area of focus and an important contributor to our March to One Million IoT units,” said SmartRent President and CEO Frank Martell. “In addition to growing our dedicated, in-house sales team, we believe the addition of resellers like SKBM Smart Technology—a partner we have trusted for years on the installation side—will add important momentum to our revenue growth in the small and mid-markets. This area presents an exciting new avenue for expanding our reach, further advancing our vision of bringing smarter living and working to everyone.”
SKBM will serve as the first in a planned network of strategic VARs as SmartRent continues to scale. Their established sales team and deep industry relationships provide the specialized expertise required to effectively support these segments.
“We are thrilled to build on our role as an established installation provider by also becoming a value-added reseller for a leading proptech organization like SmartRent,” said Bill Myers, Co-Founder and Chief Operating Officer at SKBM Smart Technology. “Our team is already positioned to deliver SmartRent technology to small and mid-market communities and meet the specific needs of those property owners. We look forward to driving adoption across this expansive rental market sector."
For more information on SmartRent, visit SmartRent.com.
About SmartRent
Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent’s end-to-end enterprise ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption, enhancing the resident experience and more. The company’s differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit smartrent.com.
About SKBM
Since 2018, SKBM Smart Technology has transformed property technology by implementing more than 635,000 Smart Apartment units and completing more than 2000 site-wide access control and Wi-Fi projects. SKBM’s direct approach ensures efficient project timelines, and its solutions deliver an impressive average ROI of 24 months. Through smart tech, the company enhances workforce efficiency, reduces GL insurance costs and elevates the profitability and risk management capabilities of property portfolios. For more information, please visit skbmsmarttech.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260427235802/en/
Media Contact
Amanda Chavez - Vice President, Corporate Communications
media@smartrent.com
Investor Contact
Kelly Reisdorf - Head of Investor Relations
investors@smartrent.com
Original: SmartRent Launches Value-Added Reseller Program
US Market News
4月前
SmartRent to Report Fourth Quarter and Full-Year 2025 Financial Results on March 4, 2026February 11, 2026 5:49 PM
Business Wire
SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced it will release fourth quarter and full-year 2025 results and host a conference call on Wednesday, March 4, 2026. Fourth quarter and full-year 2025 financial results will be released before the market opens, and at 11:30 a.m. ET, Frank Martell, the Company’s President and Chief Executive Officer, and Daryl Stemm, Chief Financial Officer, will host a conference call and webcast to discuss the Company’s performance. The press release and supporting materials will be available in the Events and Presentations section of the Company’s Investor Relations website.
SmartRent Fourth Quarter and Full-Year 2025 Financial Results Conference Call
Date: Wednesday, March 4, 2026
Time: 11:30 a.m. ET
Dial-in: To access the conference call via telephone, please register here to be provided with dial-in details. To avoid delays, participants are encouraged to dial into the conference call 15 minutes ahead of the scheduled start time.
Webcast: A live and archived webcast of the conference call will be accessible from the Events and Presentations section of the Company’s Investor Relations website at https://investors.smartrent.com.
About SmartRent
Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent’s end-to-end ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption and more. The company’s differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit smartrent.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260211258641/en/
Investor Contact
Kelly Reisdorf - Head of Investor Relations
investors@smartrent.com
Media Contact
Amanda Chavez - Vice President, Corporate Communications
media@smartrent.com
Original: SmartRent to Report Fourth Quarter and Full-Year 2025 Financial Results on March 4, 2026
US Market News
4月前
SmartRent Announces Inducement Grants Under New York Stock Exchange Listed Company Manual Rule 303A.08January 28, 2026 4:05 PM
Business Wire
SmartRent, Inc. (the “Company”) announced that, in accordance with the terms of their offer letters and as a material inducement to Mr. Pankaj Bansi and Mr. Sangeeth Ponathil commencing employment with the Company, the Company granted inducement awards to each of Messrs. Bansi and Ponathil under the SmartRent, Inc. 2025 Inducement Equity Incentive Plan (the “Inducement Plan”) in accordance with New York Stock Exchange Listed Company Manual Rule 303A.08.
As provided in Mr. Bansi’s offer letter, the inducement award consists of time-based restricted stock units (“RSUs”) covering 232,558 shares of SmartRent’s Class A common stock. The RSUs vest at a rate of 25% annually on each anniversary of the award grant date, subject to his continued employment through the applicable vesting date.
As provided in Mr. Ponathil’s offer letter, the inducement award consists of time-based RSUs covering 232,558 shares of SmartRent’s Class A common stock. The RSUs vest at a rate of 25% annually on each anniversary of the award grant date, subject to his continued employment through the applicable vesting date.
Each inducement award is subject to the terms of the Inducement Plan and the applicable award agreements thereunder.
About SmartRent
Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent’s end-to-end enterprise ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption, enhancing the resident experience and more. The company’s differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit smartrent.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260128476785/en/
Media Contact
Amanda Chavez - Vice President, Corporate Communications
media@smartrent.com
Investor Contact
Kelly Reisdorf - Head of Investor Relations
investors@smartrent.com
Original: SmartRent Announces Inducement Grants Under New York Stock Exchange Listed Company Manual Rule 303A.08
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