SmartStop Self Storage REIT Closes CAD $200 Million Maple Bond Offering

LADERA RANCH, CA, UNITED STATES, October 21, 2026 /CourierPR/ -- SmartStop Self Storage REIT has successfully closed a CAD $200 million Maple bond offering, marking a significant financial move for the company. The unsecured notes, due February 18, 2031, carry an interest rate of approximately 4.32% per annum, payable in semiannual installments commencing on February 18, 2027. These notes are rated BBB with a stable trend by Morningstar DBRS.

This bond offering is part of SmartStop's strategic financial plan, aimed at refinancing its 2026 debt maturities and significantly extending the term on its senior revolving credit facility. The company has been operating in the Greater Toronto Area for over 15 years, leveraging its long-standing presence in the Canadian market to secure this financing. The bond offering is not registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

SmartStop, a self-managed real estate investment trust, operates a comprehensive portfolio of over 460 self-storage properties across 36 states, the District of Columbia, and Canada. The company boasts a managed portfolio of more than 275,000 units and over 35 million rentable square feet. Additionally, its affiliates own or manage 53 operating self-storage properties across four provinces in Canada, including Ontario, which total approximately 47,000 units and 4.7 million rentable square feet.

The company's managed platform, through its indirect subsidiary SmartStop REIT Advisors, LLC, offers third-party management services in the U.S. and Canada. SmartStop's operations are supported by a dedicated team of over 1,000 self-storage professionals, focused on growing the SmartStop® Self Storage brand and expanding its market presence.

The bond offering was facilitated by a syndicate of agents, including BMO Capital Markets and National Bank of Canada Capital Markets as bookrunners, and Scotiabank and RBC Capital Markets as co-managers. Legal counsel for the transaction included McMillan LLP, Nelson Mullins Riley & Scarborough LLP, Venable LLP, and Davies Ward Phillips & Vineberg LLP.

This bond offering is a testament to SmartStop's commitment to its Canadian market and its strategic financial planning. The company's extensive portfolio and dedicated team position it well for continued growth and development in the self-storage industry.