SmartStop announces ~$140M North American investments, raises 2026 same-store and FFO guidance

SmartStop Self Storage REIT, Inc.

Agreed to invest ~CAD $74M (~USD $54M) in Strategic Storage Canada JV for 50% GP and ~34% LP interest in 14 properties; expects Q4 2026 close.
Acquiring two stabilized U.S. properties in Las Vegas, NV and Asheville, NC for ~$37M, adding >186,000 net rentable sq ft and ~1,600 units.
Programmatic JV with AXCS Capital closed $13.2M preferred investment; expects five more preferred/mezzanine investments of $35-$40M by Q4 2026 with mid-teens yields.
Priced ~2.4M shares via ATM at average $32.01 for up to ~$78M gross; CAD $200M Maple Bond closed Aug. 18, 2026 at 4.317%, maturing 2031.
Raises 2026 FFO, as adjusted, per share to $1.99-$2.05 and same-store NOI growth to 1.15%-2.15%; investments expected accretive $0.05-$0.06 to 2027 FFO.

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