The latest announcement is out from SmartStop Self Storage REIT, Inc. ( (SMA) ).
On April 3, 2025, SmartStop Self Storage REIT, Inc. completed a public offering of 31,050,000 shares of common stock, raising approximately $874.4 million. The proceeds were used to redeem preferred stock, reduce debt, and fund property acquisitions, enhancing the company’s financial position and growth potential. The shares began trading on the NYSE on April 2, 2025, under the ticker symbol ‘SMA’. The company also implemented changes to its executive severance plan, amended its bylaws, and adjusted director compensation, reflecting its transition to a publicly traded entity. These strategic moves are expected to provide liquidity to existing stockholders and improve access to capital markets.
More about SmartStop Self Storage REIT, Inc.
SmartStop Self Storage REIT, Inc. operates in the self-storage real estate industry, providing storage solutions to customers. The company focuses on acquiring and managing self-storage properties, aiming to offer secure and convenient storage options to individuals and businesses.
See more data about SMA stock on TipRanks’ Stock Analysis page.