SmartStop Self Storage REIT, Inc. Stock Price, News & Analysis

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.

SmartStop Self Storage REIT (NYSE:SMA), a leading self-storage facility operator in the US and Canada, has announced its participation in Nareit's REITweek Investor Conference. The event, scheduled for June 2-5, 2025 in New York City, is the largest REIT-focused conference in the commercial real estate industry. The conference is expected to attract over 2,000 attendees, including REIT management teams, investors, and industry partners. More than 100 REIT management teams will present their business plans, with opportunities for one-on-one meetings between investors and companies.

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.