SmartStop Self Storage REIT’s chief accounting officer acquires $180,000 in stock

SmartStop Self Storage REIT, Inc. (NASDAQ:SMA) reported that its Chief Accounting Officer, Michael O. Terjung, acquired 6,000 shares of common stock on April 2, 2025. The shares were purchased at a price of $30 each, totaling $180,000. The stock currently trades at $33.10, representing a 10% gain from the purchase price, with average daily trading volume of 6.9 million shares. This acquisition was part of a directed share program linked to the company’s public offering.

Additionally, Terjung received 19,895 Long-Term Incentive Plan (LTIP) units on April 1, 2025, and an additional 9,424 LTIP units on April 2, 2025, as part of the company’s incentive plan. These LTIP units have no immediate cash value and are convertible into Class A common units of the company’s operating partnership. The units vest over a four-year period, contingent on continued employment. The stock has shown stability, trading between $32.01 and $33.92 over the past 52 weeks.

Terjung’s transactions reflect a significant commitment to SmartStop Self Storage REIT, enhancing his stake in the company and aligning his interests with those of shareholders. The stock has delivered a 1.07% return year-to-date. For detailed analysis and more insider trading insights, check out InvestingPro.

In other recent news, SmartStop Self Storage REIT, Inc. began trading on the New York Stock Exchange with its shares opening at $32.40, surpassing the initial public offering price of $30.00. The company had previously announced the pricing of its public offering, which involved 27 million common shares. Additionally, SmartStop has provided underwriters with a 30-day option to purchase an extra 4.05 million shares at the public offering price, excluding underwriting discounts and commissions. The offering is being managed by a consortium of joint book-running managers, including J.P. Morgan, Wells Fargo (NYSE:WFC) Securities, KeyBanc Capital Markets, BMO Capital Markets, and Truist Securities. These recent developments mark a significant milestone for the company as it enters the public market.

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