04:16 AM EDT, 04/02/2025 (MT Newswires) -- SmartStop Self Storage REIT ( SMA ) said late Tuesday it priced a public offering of 27 million common shares at $30 each.

Underwriters have a 30-day option to buy up to 4.1 million additional shares.

The company expects its shares to start trading on the New York Stock Exchange Wednesday under the ticker symbol SMA. The offering is expected to close Thursday.

SmartStop said it plans to use the net proceeds to fully redeem its series A preferred shares, among other things.