Smartstop Self Storage REIT

SmartStop Self Storage completed an issuance of unsecured senior notes totalling CAD 200m (Series C), maturing February 18, 2031, with a coupon of about 4.317% p.a.; interest payments will be made semiannually starting February 18, 2027. Morningstar DBRS rated the securities "BBB" with a stable outlook. Net proceeds will be used primarily to repay existing indebtedness, including draws on the revolving credit facility, and for general corporate purposes, thereby strategically extending maturities. BMO Capital Markets and National Bank of Canada Capital Markets acted as bookrunners; Scotiabank and RBC Capital Markets served as co-managers. » More on de.investing.com

SmartStop Self Storage recorded same-store revenue growth of 1.3% in Q2, a 3.4% decline in operating expenses and a 3.7% increase in NOI. Adjusted FFO per share rose 17.6% to $0.49, and average occupancy was 92.5%. Management raised full-year guidance for revenue, costs, NOI, FFO and capital deployment, citing efficiency gains from clustering, particularly in Denver. The stock reacted positively, rising about 2.75% in after-hours trading. » More on de.investing.com

GSI Capital Advisors sold all 124,919 shares of SmartStop Self Storage REIT on May 14, 2026, an exit valued at about $4.01 million using quarterly average pricing. The firm remains heavily invested in real estate through holdings like Equinix, Digital Realty and Simon Property Group, suggesting a shift away from this specific name rather than the sector. SmartStop reported improving fundamentals in Q1 with revenue up 20% to $78.3 million, net income of $9.6 million, and adjusted FFO of $28.8 million, while its share price is down about 10% over the past year. » More on finance.yahoo.com