SmartStop Self Storage REIT completes 9,372,500-share offering under forward sale agreements

Bitget2026/11/12 21:56

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SmartStop Self Storage REIT's forward sellers completed an offering of 9,372,500 borrowed common shares on November 12, 2026.
The total includes 1,222,500 shares from the underwriters' option, exercised in full on November 10, 2026.
The initial forward sale price is $35.6125 per share, subject to adjustments.
The company receives no proceeds initially; settlement is due by September 30, 2028, with physical, cash or net share settlement available.
Net proceeds are intended to fund pending investments, repay revolving credit facility and Canadian term loan borrowings, and support general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smartstop Self Storage Reit Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-458612), on November 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SmartStop Self Storage REIT completes 9,372,500-share offering under forward sale agreements

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