SmartStop Self Storage REIT Announces Pricing of Upsized Offering of Common Stock
Business Wire•09/11/2026•21:51 ET
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Key Highlights
- ➤8.15 million shares priced at $37.00, upsized from 7 million shares
- ➤Underwriters may buy 1.2225 million additional shares within 30 days
- ➤Forward sale settlement could deliver up to 9.3725 million shares by September 30, 2028
- ➤Proceeds target Canadian joint venture investment, acquisitions, and debt repayment
- ➤Offering expected to close November 12, 2026, subject to customary conditions
SmartStop Self Storage REIT Announces Pricing of Upsized Offering of Common Stock
SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), a self-managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, announced the pricing of an underwritten public offering of 8,150,000 shares of its common stock, par value $0.001 per share, at a public offering price of $37.00 per share, in connection with the forward sale agreements. The offering was upsized from the previously announced offering size of 7,000,000 shares of common stock and is expected to close on November 12, 2026, subject to customary closing conditions.
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