Welcome to our dedicated page for SmartStop Self Storage REIT news (Ticker: SMA), a resource for investors and traders seeking the latest updates and insights on SmartStop Self Storage REIT stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SmartStop Self Storage REIT's position in the market.
SmartStop Self Storage REIT (NYSE:SMA) has announced the complete rollout of its mobile app across all 220 locations in the United States and Canada. The proprietary app incorporates advanced features including biometrics and geographically enabled security capabilities.
The app enables customers to:
- Manage their accounts
- Make secure payments
- Rent new storage units
- Access gates and doors with a single touch
The mobile application, available for free on both iOS and Android platforms through the Apple App Store and Google Play Store, aims to provide customers with a fully integrated storage experience directly from their smartphones, eliminating the need for office visits.
SmartStop Self Storage REIT (NYSE:SMA), a leading self-storage facility owner and operator in the United States and Canada, has announced its participation in the upcoming BMO North American Real Estate Conference. The conference is scheduled for May 13-14, 2025, in New York City.
This annual event, hosted by BMO, will bring together key players in the real estate industry, including executives, institutional investors, and industry professionals from across North America. The two-day conference will feature:
- Industry presentations
- Panel discussions
- One-on-one meetings
SmartStop Self Storage REIT (NYSE:SMA) has announced achieving Security Interest Termination Conditions for its Credit Facility and 2032 Private Placement Notes, transitioning both facilities to fully unsecured status.
The achievement triggered immediate financial benefits including a 25 basis points reduction in credit spread pricing grid for Revolving Commitments and a 5 basis points decrease in unused fees on the Credit Facility. Additionally, SmartStop elected to reduce its Revolving Commitments under the Credit Facility by $100 million, bringing Total Commitments to $600 million.
SmartStop Self Storage REIT (NYSE:SMA) subsidiary Strategic Storage Trust VI has opened a new Class A self-storage facility in Toronto, Ontario. Located at 494 Gilbert Avenue, the six-story facility offers approximately 120,000 net rentable square feet of climate-controlled storage space with 1,475 units.
The facility features interior heated loading, three elevators, and a modern secure layout. Strategically positioned near Eglinton Avenue W, which sees approximately 50,000 vehicles daily, the location serves a high-income residential area within a 3-5 mile radius including neighborhoods like Brookhaven-Amesbury, Glen Long, Glen Park, and others experiencing significant residential development.
SmartStop Self Storage REIT (NYSE:SMA), a self-storage facility operator in the US and Canada, has scheduled its first quarter 2025 earnings release for May 7, 2025, after market close. The company will host a conference call and webcast to discuss the results on May 8, 2025, at 1:00 p.m. Eastern Daylight Time.
The earnings call will feature company officers reviewing operating performance and recent events, followed by a Q&A session exclusively for registered financial analysts. Other participants will have listen-only access. The webcast will be available on SmartStop's Investor Relations website, with replay access through May 8, 2026.
SmartStop Self Storage REIT (NYSE:SMA) has announced the acquisition of its 40th Canadian location in Kelowna, British Columbia. The new state-of-the-art facility, located at 948 Ellis Street, features:
- 74,000 net rentable square feet
- Approximately 800 climate-controlled units
- Five-story Class A modern development
- Two elevator access points
- High-visibility location
The facility is situated in an affluent area projected to experience 10% population growth over the next five years, serving neighborhoods including Benvoulin, Rutland, Glenmore, Dilworth Mountain, Okanagan Mission, and Lakeview Heights.
SmartStop Self Storage REIT (NYSE:SMA) has successfully closed its underwritten public offering of 31,050,000 shares of common stock at $30.00 per share, including the full exercise of the 4,050,000 over-allotment option. The offering generated net proceeds of approximately $874.4 million after deducting underwriting costs and estimated expenses.
The company plans to use the proceeds to redeem all outstanding Series A Preferred Stock, reduce debt under its credit facility, repay an acquisition facility, fund property acquisitions, and support general corporate purposes. Trading of SmartStop's common stock on the NYSE under symbol 'SMA' began on April 2, 2025, with the offering closing on April 3, 2025.
The offering was managed by multiple financial institutions, with J.P. Morgan, Wells Fargo Securities, KeyBanc Capital Markets, BMO Capital Markets, and Truist Securities serving as joint book-running managers.
SmartStop Self Storage REIT has announced the pricing of its public offering of 27,000,000 shares of common stock at $30.00 per share. The company has granted underwriters a 30-day option to purchase up to an additional 4,050,000 shares.
Trading is expected to begin on April 2, 2025, on the NYSE under the ticker symbol SMA. The offering is anticipated to close on April 3, 2025. The net proceeds will be used to:
- Redeem 100% of issued Series A Preferred Stock
- Pay down existing credit facility debt
- Repay an acquisition facility
- Fund property acquisitions
- Support general corporate purposes
The offering is led by joint book-running managers including J.P. Morgan, Wells Fargo Securities, KeyBanc Capital Markets, BMO Capital Markets, and Truist Securities.
