02:15 PM EDT, 03/24/2025 (MT Newswires) -- SmartStop Self Storage REIT filed a registration statement Monday to offer 27 million common shares, priced between $28 and $36 per share in an underwritten initial public offering.

The company plans to grant the underwriters a 30-day option to purchase up to an additional roughly 4.1 million shares at the public offering price.

SmartStop said it estimates net proceeds of around $810.9 million, or $932.8 million if the overallotment option is exercised in full. It plans to use proceeds to redeem all of its outstanding series A preferred stock, pay down debt under its credit facility, repay an acquisition facility, fund external growth with property acquisitions, and fund other general corporate uses.

The company said it has been approved for listing on the New York Stock Exchange under the symbol SMA, subject to the official notice of issuance.