Jonathan Hughes

Ki Bin Kim

Matt Kornack

Michael Mueller

Nicholas Yulico

Spenser Glimcher

Todd Thomas

Wesley Golladay

- SmartStop Self Storage REIT, Inc. (SMA) is under contract to acquire **Argus Professional Storage Management (APSM)**, the **sixth largest self-storage manager in the U.S.**, for an upfront consideration of **$21.0 million** and a potential **$11.0 million** earnout.  **[1585389_0001193125-25-215787_d52749dex991.htm:19]** 
- For Q2 2025, the company reported a **93.0%** ending same-store occupancy and **$19.89** annualized same-store RentPOF.  **[1585389_0001193125-25-215787_d52749dex991.htm:4]** **[1585389_0001193125-25-215787_d52749dex991.htm:4]** 
- SmartStop maintains an attractive financial profile with **$153 million** in LQA NOI and an average same-store year-over-year NOI growth of **8.8%** over the last three years.  **[1585389_0001193125-25-215787_d52749dex991.htm:4]** **[1585389_0001193125-25-215787_d52749dex991.htm:4]** 
- The company holds investment-grade credit ratings of **BBB/with Stable Trends** from DBRS and **BBB/Stable** from KBRA, with a total capitalization of **$3.1 billion** as of June 30, 2025.  **[1585389_0001193125-25-215787_d52749dex991.htm:24]** 
- For the full year 2025, SmartStop projects diluted FFO, as adjusted per share and OP unit outstanding, to be between **$1.85 and $1.93**, with same-store revenue growth (USD) between **1.8% and 2.8%**.  **[1585389_0001193125-25-215787_d52749dex991.htm:33]**

SmartStop Self Storage REIT, Inc. Announces Acquisition of APSM, Q2 2025 Operating Results, and Full Year 2025 Outlook

- SmartStop Self Storage REIT, Inc. (SMA) has signed a contribution agreement to acquire **Argus Professional Storage Management (Argus)**, the sixth largest self-storage third-party management company in the U.S..  **[1585389_0001193125-25-215534_ck0001585389-20250924.htm:0]** **[1585389_0001193125-25-215534_ck0001585389-ex99_1.htm:0]** 
- The total upfront consideration for the acquisition is **$21 million**, consisting of **$8.5 million in cash** and **328,343 units of limited partnership interests (OP Units)**.  **[1585389_0001193125-25-215534_ck0001585389-20250924.htm:0]** 
- The agreement also includes a potential earnout of up to an additional **$11 million** based on revenues generated during fiscal year 2028, with **75% payable in cash** and **25% in OP Units**.  **[1585389_0001193125-25-215534_ck0001585389-20250924.htm:0]** 
- The transaction, which was unanimously approved by SmartStop's board of directors, is expected to close in **early October 2025**.  **[1585389_0001193125-25-215534_ck0001585389-20250924.htm:0]** 
- Following the combination, SmartStop will own or manage over **460 self-storage properties** in North America.  **[1585389_0001193125-25-215534_ck0001585389-20250924.htm:0]** **[1585389_0001193125-25-215534_ck0001585389-ex99_1.htm:0]**

SmartStop Self Storage REIT, Inc. Announces Acquisition of Argus Professional Storage Management

- SmartStop Self Storage REIT, Inc. (SMA) **closed a CAD$200 million Canadian Maple Bond offering** of Series B Senior Unsecured Notes.  **[1585389_0001193125-25-215411_ck0001585389-ex99_1.htm:0]** 
- These Notes, due **September 24, 2030**, bear interest at approximately **3.888% per annum**, with semiannual payments commencing March 24, 2026.  **[1585389_0001193125-25-215411_ck0001585389-ex99_1.htm:0]** **[1585389_0001193125-25-215411_ck0001585389-ex10_2.htm:22]** 
- The proceeds from the offering are intended for **repaying outstanding indebtedness, funding acquisitions, and general corporate purposes**.  **[1585389_0001193125-25-215411_ck0001585389-ex99_1.htm:0]** **[1585389_0001193125-25-215411_ck0001585389-20250924.htm:2]** 
- The Notes are rated **BBB mid with a Stable Outlook by Morningstar DBRS**.  **[1585389_0001193125-25-215411_ck0001585389-ex99_1.htm:0]** **[1585389_0001193125-25-215411_ck0001585389-20250924.htm:1]**

SmartStop Closes CAD$200 Million Canadian Maple Bond Offering

- SmartStop Self Storage REIT, Inc. announced the pricing of a Canadian Maple Bond offering on **September 19, 2025**.  **[1585389_0001193125-25-209615_ck0001585389-ex99_1.htm:0]** 
- SmartStop's affiliated operating partnership will issue **CAD $200 million** of series B senior unsecured notes due **September 24, 2030**, bearing interest at approximately **3.888% per annum**.  **[1585389_0001193125-25-209615_ck0001585389-ex99_1.htm:0]** 
- The notes are rated **BBB (Stable)** by Morningstar DBRS.  **[1585389_0001193125-25-209615_ck0001585389-ex99_1.htm:0]** 
- The company intends to use the net proceeds to **repay outstanding indebtedness, fund acquisitions, and for general corporate purposes**.  **[1585389_0001193125-25-209615_ck0001585389-ex99_1.htm:0]**

SmartStop Prices Canadian Maple Bond Offering

- SmartStop Self Storage REIT, Inc. reported that its same store physical occupancy as of **August 31, 2025**, increased to **92.7%** from 92.4% as of August 31, 2024.  **[1585389_0001193125-25-203382_ck0001585389-20250915.htm:0]** 
- Monthly web rates for same store facilities rose to **$1.04** as of August 31, 2025, compared to $1.03 in the prior year.  **[1585389_0001193125-25-203382_ck0001585389-20250915.htm:0]** 
- Monthly in-place rates for same store facilities also increased to **$1.66** as of August 31, 2025, up from $1.64 in the prior year.  **[1585389_0001193125-25-203382_ck0001585389-20250915.htm:0]** 
- However, monthly move-in rates for same store facilities decreased to **$0.93** as of August 31, 2025, down from $0.97 in the prior year.  **[1585389_0001193125-25-203382_ck0001585389-20250915.htm:0]**

SmartStop Self Storage REIT, Inc. Reports Key Same Store Metrics

- SmartStop Self Storage REIT, Inc. (SMA) filed a Form 8-K on **September 2, 2025**, announcing its participation in the Self Storage Association's 2025 Fall Conference & Trade Show on **September 3, 2025**.  **[1585389_0000950170-25-112505_ck0001585389-20250902.htm:0]** **[1585389_0000950170-25-112505_ck0001585389-20250902.htm:1]** 
- The company disclosed that **July 2025 year-over-year same-store revenue growth was 2.9%**.  **[1585389_0000950170-25-112505_ck0001585389-20250902.htm:1]**  This metric includes rental income, certain ancillary revenue, administrative and late fees, but excludes tenant protection program revenue.  **[1585389_0000950170-25-112505_ck0001585389-20250902.htm:1]**

SmartStop Self Storage REIT (SMA)