New insider activity at SmartStop Self Storage REIT, Inc. ( (SMA) ) has taken place on April 5, 2025.
Chief Executive Officer H. Michael Schwartz has made a significant investment in SmartStop Self Storage REIT, Inc. by purchasing 18,000 shares of the company’s stock. This transaction is valued at $540,000, reflecting a strong vote of confidence in the company’s future prospects.
Recent Updates on SMA stock
SmartStop Self Storage REIT, Inc. recently completed a public offering of 31,050,000 shares, raising approximately $874.4 million. The funds are being utilized to redeem preferred stock, reduce debt, and support property acquisitions, which enhances the company’s financial standing and growth prospects. The shares began trading on the NYSE under the ticker ‘SMA’, marking its transition to a publicly traded company. These strategic moves are aimed at providing liquidity to existing stockholders and improving access to capital markets. Additionally, the company updated its executive severance plan, amended its bylaws, and adjusted director compensation, reflecting its new status as a public entity.
More about SmartStop Self Storage REIT, Inc.
YTD Price Performance: 1.07%
Average Trading Volume: 6,993,730
Current Market Cap: $744.2M