SmartStop Self Storage prices five-year Canadian Maple Bond offering

SmartStop Self Storage (SMA) REIT announced the pricing of a Canadian Maple Bond offering. SmartStop’s affiliated operating partnership, SmartStop OP, L.P., will issue C$200M of series B senior unsecured notes due September 24, 2030. The Notes bear interest at a rate of approximately 3.888% per annum, payable in cash in equal semi-annual installments, commencing on March 24, 2026. The Notes are rated BBB by Morningstar DBRS. SmartStop intends to use the net proceeds from the offering to repay outstanding indebtedness, fund acquisitions and for general corporate purposes. The closing of the offering is expected to occur on September 24, 2025, subject to the satisfaction of customary closing conditions.