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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SmartStop Self Storage REIT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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.
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SmartStop Self Storage REIT (NYSE: SMA) has announced the acquisition of five Class A self-storage facilities in the Houston Metropolitan Area. The portfolio comprises approximately 420,000 net rentable square feet and 3,800 storage units, including climate-controlled units and RV spaces. The facilities are strategically located in high-demand submarkets across Houston, Spring, Magnolia, and Shenandoah, serving affluent communities like West University Place, The Woodlands, and the Texas Medical Center area. The properties benefit from strong demographic profiles, high traffic visibility, and proximity to residential and retail developments in areas experiencing sustained population growth.
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2.34%
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SmartStop Self Storage REIT (NYSE: SMA) has successfully closed a CAD$500 million Maple Bond offering through its Series A Senior Unsecured Notes, due June 16, 2028. The Notes, issued by SmartStop OP, L.P., carry a 3.91% annual interest rate with an effective rate of 3.85% after hedging. This landmark transaction, rated BBB mid with Stable Outlook by Morningstar DBRS, marks the first-ever Maple Bond issued by a self-storage company and achieved the lowest spread on a three-year fixed-rate term in Canadian real estate in the past decade. The offering was 4.5x oversubscribed, demonstrating strong market confidence. Proceeds will be used to repay a 2027 NBC Loan (USD $51.2 million at 6.42%), acquire properties, reduce revolving credit facility balance, and for general corporate purposes. The issuance reflects SmartStop's 15-year presence in the Greater Toronto Area and strengthens its position in the Canadian market.
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SmartStop Self Storage REIT (NYSE: SMA) subsidiary Strategic Storage Growth Trust III has acquired a 1.18-acre land parcel in New Westminster, British Columbia, partnering with SmartCentres REIT. The site, located on Tanaka Court about 10 miles from Vancouver, will host a six-story, Class A self-storage facility featuring 99,260 net rentable square feet with approximately 1,170 climate-controlled units. The strategic location offers exposure to Highway 91A with 102,000 daily vehicles passing by. The facility will serve multiple neighborhoods including Queensborough, Queen's Park, and Sapperton. Construction is set to begin in H2 2026 with a planned opening in late 2027. The location was chosen for its dense housing, rising household incomes, and limited storage supply in this rapidly growing area.
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SmartStop Self Storage REIT (NYSE: SMA) has priced a CAD $500 million Canadian Maple Bond offering through its operating partnership SmartStop OP, L.P. The series A senior unsecured notes, due June 16, 2028, will bear a 3.91% annual interest rate, payable semi-annually starting December 16, 2025. After interest rate hedging, the effective rate is approximately 3.85%. The notes received a BBB (Stable) rating from Morningstar DBRS. The offering, exclusively available to Canadian residents, aims to refinance higher interest rate debt, fund acquisitions, and support general corporate purposes. The closing is expected on June 16, 2025, subject to customary conditions.
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Strategic Storage Trust VI (SST VI), affiliated with SmartStop Self Storage REIT (NYSE: SMA), announces the opening of its 14th Canadian facility and 12th in Greater Toronto. The new six-story climate-controlled facility at 1480 Jane Street spans 105,000 net rentable square feet with over 1,200 units. Located on a 2.67-acre site with high visibility along Jane Street (40,000+ daily vehicles), the facility features two elevators and is positioned near a FreshCo grocery store in Toronto's Mount Dennis, Brookhaven, and Weston neighborhoods. The location targets growing storage demand in a three-mile radius, with plans for 2,000 new residential units within five miles. The facility will serve multiple surrounding communities including Maple Leaf, Rockcliffe-Smythe, and Richview.
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SmartStop Self Storage REIT (NYSE: SMA) has expanded into the Montréal market with its first facility in Québec, marking a significant milestone in its Canadian expansion. The new state-of-the-art facility in Dorval, developed in partnership with SmartCentres REIT, offers 112,000 net rentable square feet and 1,250 climate-controlled units. The six-story building features three elevators and modern amenities, strategically located along the Trans-Canada Highway with exposure to over 120,000 vehicles daily. The facility is operated by SmartStop through its managed REIT, Strategic Storage Trust VI. As the largest self-storage operator in the Greater Toronto Area, this expansion strengthens SmartStop's coast-to-coast presence in Canada.
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Strategic Storage Trust VI (SST VI), affiliated with SmartStop Self Storage REIT (NYSE: SMA), has opened a new Class A self-storage facility in Dorval, Quebec. The five-story facility, built on 2.22 acres at 2990 Boulevard Sunnybrooke, offers 112,000 net rentable square feet with approximately 1,250 climate-controlled units. Located near the Trans-Canada Highway with visibility to 120,000 vehicles daily, the facility features three elevators and serves multiple nearby communities including Pointe-Claire, Kirkland, and Dollard-Des Ormeaux. This marks SST VI's first location in Quebec, strengthening its Canadian presence. The development was completed in partnership with SmartCentres (TSX: SRU.UN).
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SmartStop Self Storage REIT (NYSE: SMA), a leading self-storage facility operator in the US and Canada, will be added to the Russell 3000® Index following the annual reconstitution effective June 27, 2025. This milestone follows SmartStop's NYSE listing in April 2025 and represents significant recognition for the company. The Russell 3000 Index includes the 3,000 largest U.S.-traded stocks by market cap and serves as the foundation for other indexes like Russell 1000® and Russell 2000®. SmartStop's final placement in these subindexes will depend on its relative market capitalization. CEO H. Michael Schwartz highlighted this achievement as a reflection of the company's progress and platform scale, expecting increased visibility among institutional investors.
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SmartStop Self Storage REIT (NYSE: SMA) has acquired a self-storage facility in Lakewood, Colorado, within the Denver Metropolitan Statistical Area. The facility, located at 5885 W Colfax Ave, features approximately 66,850 net rentable square feet with 600 storage units across six buildings. The property offers a diverse mix of storage options including drive-up, ground-level interior non-climate-controlled, and upper-level interior climate-controlled units, accessible via three elevators. Located 3.5 miles from downtown Denver, the facility benefits from high visibility along West Colfax Avenue with 22,000 daily vehicles. The area shows strong growth potential with a projected 3.0% five-year population growth rate within a three-mile radius, serving multiple neighborhoods including Eiber, Two Creeks, Edgewater, Morse Park, North Alameda, and Sloan Lake.
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0.11%
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SmartStop Self Storage REIT (NYSE: SMA), a leading self-storage facility operator in the US and Canada, has received a BBB credit rating with a Stable trend from Morningstar DBRS. The rating applies to SmartStop OP, L.P., the company's operating partnership, and its 2032 Private Placement Notes. The assessment was based on SmartStop's credit risk profile and its subsidiaries, supported by management presentations, financial forecasts, and organizational documentation as of May 21, 2025.
The rating assumes future senior unsecured debt will be unsubordinated and rank equally with other unsecured obligations, with full guarantees from SmartStop and its subsidiaries.
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FAQ
What is the current stock price of SmartStop Self Storage REIT (SMA)?
The current stock price of SmartStop Self Storage REIT (SMA) is $35.11 as of August 15, 2025.
What is the market cap of SmartStop Self Storage REIT (SMA)?
The market cap of SmartStop Self Storage REIT (SMA) is approximately 2.0B.
SmartStop Self Storage REIT, Inc.
NYSE:SMA
SMA Rankings
SMA Stock Data
1.95B
27.00M
0.1%
46.06%
3.55%
REIT - Industrial
Real Estate Investment Trusts
United States
LADERA RANCH