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

SmartStop Self Storage REIT (NYSE: SMA) has received a credit rating upgrade from KBRA to BBB with a Stable Outlook, up from BBB- Watch Upgrade. The upgrade follows SMA's successful IPO that raised $874 million in net equity in April.

KBRA has also assigned a BBB/Stable rating to SmartStop OP's new CAD$500 million senior unsecured notes due 2028. The upgrade reflects improved leverage metrics, enhanced coverage ratios, and a larger unencumbered asset base following debt reduction and a $200 million preferred stock redemption.

SmartStop, the 10th largest storage operator in the U.S., owns and manages over 225 self storage properties across 23 U.S. states and Canada, with a total equity value of $3 billion. The company maintains a 2025 acquisition guidance of $375 million (midpoint).

SmartStop REIT Advisors (NYSE: SMA), an affiliate of SmartStop Self Storage REIT, has announced a strategic distribution partnership with Orchard Securities. Through this collaboration, Orchard Securities will spearhead the distribution of investment programs, including Delaware Statutory Trust (DST) and managed REIT offerings, targeting Independent Broker Dealer and RIA channels.

The partnership leverages SmartStop's self-storage expertise in the U.S. and Canada alongside Orchard's distribution network to provide individual investors access to institutional-quality self-storage assets. This initiative aims to expand alternative real estate investment opportunities and create long-term value for investors.

SmartStop Self Storage REIT (NYSE: SMA), a leading self-storage facility operator in the US and Canada, has scheduled its Q2 2025 earnings release for August 6, 2025 after market close.

The company will host a conference call and webcast to discuss results on August 7, 2025, at 1:00 p.m. EDT. While financial analysts can participate in the Q&A session, other participants will have listen-only access. The webcast will be available on SmartStop's investor relations website, with a replay accessible after the event.

SmartStop Self Storage REIT (NYSE: SMA), a leading self-storage facility operator in the US and Canada, has appointed Lora Gotcheva as an independent director effective July 10, 2025.

Gotcheva brings over 25 years of financial management and investment experience, most recently serving as Managing Director at CPP Investments, one of Canada's largest pension fund managers. Her expertise includes private real estate investments, joint ventures, and public REIT investments. She holds a BA from Mount Holyoke College and an MBA from The Wharton School.

Strategic Storage Growth Trust III (NYSE:SMA) has acquired a premium Class A self-storage facility in Vancouver, British Columbia. The five-level facility spans 52,400 net rentable square feet and features 790 climate-controlled interior units, 5 drive-up units, and 5 underground parking stalls.

Located at 1305 East 7th Avenue, the facility benefits from high visibility with 25,000 vehicles passing daily and serves multiple neighborhoods. The area shows strong demographics with projected population growth of 8% over five years. Notably, Vancouver's restrictive zoning policies limiting new self-storage development make this purpose-built asset particularly valuable in the market.

Strategic Storage Growth Trust III (SMA) has acquired a premium Class A self-storage facility in Houston, Texas. The newly acquired 10-story building, located at 3130 Southwest Freeway, offers 98,875 net rentable square feet with 789 interior climate-controlled units, 16 lockers, and 72 dedicated wine storage vaults.

The facility is strategically positioned 3.5 miles southwest of downtown Houston, with high visibility along U.S. 69 highway that sees approximately 236,461 vehicles daily. The location serves several upscale neighborhoods and benefits from strong demographic indicators, including high household incomes and projected population growth of 8.2% over the next five years.

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.

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.

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.