SmartStop Acquires 1.78-Acre Toronto Land for Class A Self-Storage Facility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Land Acquisition: SmartStop has acquired a 1.78-acre parcel in Toronto for the planned development of a Class A self-storage facility totaling approximately 100,000 square feet, aimed at addressing strong demand for modern storage solutions and further solidifying its market position.
- Market Potential: The site is located about nine miles north of downtown Toronto, with an estimated 1 million residents living within a five-mile radius, highlighting the area's high population density and limited supply of self-storage facilities, creating significant barriers to entry for new competitors.
- Development Plans: The new facility will feature approximately 1,100 climate-controlled units, with construction set to begin in Q4 2026 and a planned soft opening in Q4 2027, designed to capture unmet demand and drive long-term growth.
- Strategic Partnership: The collaboration with SmartCentres on this project underscores SmartStop's commitment to disciplined growth in supply-constrained, top-tier urban markets while creating long-term value in a high-growth environment.
SMA
$31.23+Infinity%1D
Analyst Views on SMA
Wall Street analysts forecast SMA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMA is 39.67 USD with a low forecast of 35.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 31.700
Low
35.00
Averages
39.67
High
41.00
Current: 31.700
Low
35.00
Averages
39.67
High
41.00
About SMA
SmartStop Self Storage REIT, Inc. is a self-managed REIT with a fully integrated operations team of more than 600 self-storage professionals focused on growing the SmartStop Self Storage brand. The Company is focused on the acquisition, ownership and operation of self-storage properties located primarily within the top 100 metropolitan statistical areas (MSAs) throughout the United States and Canada. The Company's segments include self storage operations and the Managed REIT Platform business. The Company, through its indirect subsidiary, SmartStop REIT Advisors, LLC, also sponsors other self-storage programs. It owns or manages more than 460 operating properties in 34 states, Washington D.C., and Canada, comprising over 270,000 units and 35 million rentable square feet. The Company and its affiliates own or manage 49 operating self-storage properties across four provinces in Canada, which total approximately 42,200 units and 4.3 million rentable square feet.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





