On March 19, 2026, SmartStop Self Storage REIT, Inc. (the "Company") announced that it has entered into a distribution agreement with various sales agents, including J.P. Morgan Securities, LLC and Wells Fargo Securities, LLC, allowing the Company to issue and sell shares of its common stock valued at up to $300 million. This agreement enables the Company to raise capital through the sale of its common stock, which is expected to be utilized for general corporate purposes, including funding future acquisitions and reducing outstanding debt. The sales will be conducted through negotiated transactions, including block trades and at-the-market offerings, which may occur on the New York Stock Exchange. The Company has also entered into forward sale agreements with several financial institutions, allowing for additional flexibility in capital raising. The distribution agreement is seen as a strategic move to enhance liquidity and support the Company's growth initiatives. The Company has made certain representations and warranties regarding its operations and financial condition as part of the agreement, and it is expected that the proceeds from the sales will contribute positively to its financial position. The agreement is part of the Company's ongoing efforts to optimize its capital structure and support its operational strategies.

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