SmartStop CEO details post-IPO achievements; lock-up expires Oct 1, 2025

SmartStop Self Storage REIT, Inc.

IPO raised $875.6M net; shares traded as high as $37.79 vs $30 issue price.
Paid off $175.1M acquisition facility, $472.1M credit facility; redeemed $203.6M preferred stock.
Issued $500M CAD 3.91% notes; received BBB rating from DBRS and upgrade from Kroll.
Acquired 10 properties for ~$232M; another 5 under contract for ~$73.1M (total ~$500M since Sep 2024).
Lock-up expires Oct 1, 2025; Class A/T shares convert to SMA. CEO plans no sell; will buy more.

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