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SmartStop Self Storage REIT, Inc. (NYSE:SMA), a self-storage REIT with a market capitalization of $1.39 billion, announced Tuesday that its board of directors has declared a monthly dividend for July 2025. According to a statement released in a Securities and Exchange Commission filing, the dividend reflects a targeted annualized amount of $1.60 per share, representing a current yield of 4.26%.
The dividend will be paid at $0.13589041 per share for each of the company’s Class A Common Stock, Class T Common Stock, and Unclassified Common Stock. The record date for the dividend is set for July 31, 2025, and the payment date is scheduled for August 15, 2025. The dividend will be distributed to stockholders of record as of the close of business on the record date.
SmartStop Self Storage REIT, headquartered in Ladera Ranch, California, operates as a real estate investment trust specializing in self-storage properties. The company’s common stock is traded on the New York Stock Exchange under the ticker symbol (NYSE:SMA).
This information is based on a press release statement included in the company’s filing with the Securities and Exchange Commission.
In other recent news, SmartStop Self Storage REIT, Inc. has reported several key developments. The company held its 2025 Annual Meeting of Stockholders, where five directors were elected, and BDO USA, P.C. was ratified as the independent auditor for the fiscal year ending December 31, 2025. Stifel reiterated its Buy rating for SmartStop, citing the company’s strong growth and superior fundamentals compared to its peers. Raymond (NSE:RYMD) James upgraded SmartStop to a Strong Buy, highlighting the company’s high-quality portfolio and potential for margin expansion. KeyBanc raised its price target for SmartStop to $40.00 following a favorable CAD $500 million private placement, noting the deal’s better-than-expected pricing and the company’s improved cost of capital. SmartStop has also joined the Russell 3000 Index, a move that reflects its market capitalization and is expected to enhance its visibility among institutional investors. The company’s entry into this index follows its debut on the New York Stock Exchange in April 2025. These developments underscore SmartStop’s ongoing growth and strategic initiatives in the self-storage sector.
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