SmartStop Self Storage REIT, Inc.

General Information
Business:

SmartStop Self Storage REIT, Inc. is an internally managed real estate investment trust, or REIT, and a premier owner and operator of self storage facilities in the United States and Canada.

We are a premier owner and operator of self storage facilities in the United States and Canada. We are internally managed and have built a fully integrated, technology-enabled, data-driven, and scalable platform that is positioned for growth. We operate an institutional-quality portfolio of self storage properties that are located primarily within top metropolitan statistical areas, or MSAs, throughout the United States and within top census metropolitan areas, or CMAs, in Canada, including the Greater Toronto Area, or GTA. According to the Inside Self Storage Top-Operators List for 2024, we are the tenth (10th)  largest owner and operator of self storage properties in the United States and according to Colliers, the largest in the GTA based on rentable square footage. As of December 31, 2024, we owned or managed 208 operating stores across 22 states, the District of Columbia and three provinces in Canada, comprising approximately 148,275 units and 16.7 million net rentable square feet.

We were formed as a Maryland corporation in January 2013 and have elected to be taxed as a REIT for U.S. federal income tax purposes beginning with our taxable year ended Dec. 31, 2014.

Note: Net loss and revenue are for the year that ended Dec. 31, 2024.

(Note: SmartStop Self Storage REIT, Inc. priced its IPO at $30.00 – below the $31.50 mid-point of its $28.00-to-$35.00 price range – on 27.0 million shares – to raise $810 million on Tuesday night, April 1, 2025.)

(Note: SmartStop Self Storage REIT, Inc., trimmed the top of its price range to $35.00 – down from $36.00 – for a new price range of $28.00 to $35.00 – and kept the number of shares at 27.0 million shares – to raise $850.5 million, if priced at the $31.50 mid-point of its range, according to an S-1/A filing dated March 27, 2025.)

(Background: SmartStop Self Storage REIT, Inc., filed an S-11/A on March 24, 2025, and disclosed the terms for its IPO: 27.0 million shares at a price range of $28.00 to $36.00 to raise $864.0 million, if priced at the $32.00 mid-point of its range. Background: SmartStop Self Storage REIT, Inc. filed its S-11/A to go public on Dec. 9, 2022, without disclosing terms for its IPO.)

Industry: REIT - Real estate investment trust
Employees: 450
Founded: 2013
Contact Information
Address 10 Terrace Road Ladera Ranch, California 92694
Phone Number (877) 327-3485
Web Address http://www.smartstopselfstorage.com/
View Prospectus: SmartStop Self Storage REIT, Inc.
Financial Information
Market Cap $1541.12mil
Revenues $237.01 mil (last 12 months)
Net Income $-18.38 mil (last 12 months)
IPO Profile
Symbol SMA
Exchange NYSE
Shares (millions): 27.0
Price range $30.00 - $30.00
Est. $ Volume $810.0 mil
Manager / Joint Managers J.P.Morgan/ Wells Fargo Securities/ KeyBanc Capital Markets/ BMO Capital Markets/Truist Securities/Baird/Stifel/National Bank of Canada Financial Markets/Raymond James/Scotiabank
CO-Managers BTIG/M&T Securities/Fifth Third Securities
Expected To Trade: 4/2/2025
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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