SmartStop Self Storage REIT (NYSE: SMA) reports 92.4% occupancy and $1.63 in-place rate

Rhea-AI Filing Summary

SmartStop Self Storage REIT, Inc. reported updated operating metrics for its same store self-storage facilities as of November 30, 2025, covering properties included in results since January 1, 2024, excluding four other properties. Physical occupancy was 92.4%, up slightly from 92.2% a year earlier, indicating broadly stable utilization of its storage space.

Pricing trends were mixed. Monthly web rates were $0.97 versus $1.02 a year earlier, and monthly move-in rates were $0.91 versus $0.99, showing modestly lower advertised and initial pricing. Monthly in-place rates, which reflect what existing tenants are paying, held steady at $1.63 for both periods, suggesting stable revenue from existing customers despite softer new-customer pricing.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 08, 2025

SmartStop Self Storage REIT, Inc.

(Exact name of Registrant as Specified in Its Charter)

Maryland			001-42584	46-1722812
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
10 Terrace Road
Ladera Ranch, California				92694
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (866) 418-5144

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.001 par value		SMA		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On December 8, 2025, SmartStop Self Storage REIT, Inc. (the “Company”) provided the following metrics for the Company’s same store facilities (stabilized and comparable properties that have been included in the consolidated results of operations since January 1, 2024, excluding four other properties):

•Physical occupancy as of November 30, 2025 and November 30, 2024 was 92.4% and 92.2%, respectively.

•Monthly web rates as of November 30, 2025 and November 30, 2024 were $0.97 and $1.02, respectively.

•Monthly move-in rates as of November 30, 2025 and November 30, 2024 were $0.91 and $0.99, respectively.

•Monthly in-place rates as of November 30, 2025 and November 30, 2024 were $1.63 and $1.63, respectively.

Pursuant to the rules and regulations of the Securities and Exchange Commission, the information in this Item 7.01 disclosure is deemed to have been furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			SMARTSTOP SELF STORAGE REIT, INC.
Date:	December 8, 2025	By:	/s/ James R. Barry
			James R. Barry Chief Financial Officer and Treasurer

FAQ

What occupancy rate did SmartStop Self Storage REIT (SMA) report for November 30, 2025?

SmartStop Self Storage REIT reported physical occupancy of 92.4% for its same store facilities as of November 30, 2025, compared with 92.2% a year earlier.

How did SmartStop Self Storage REIT's monthly web rates change year over year?

The company’s monthly web rates for same store facilities were $0.97 as of November 30, 2025, down from $1.02 on November 30, 2024.

What move-in rates did SmartStop Self Storage REIT (SMA) disclose?

SmartStop disclosed monthly move-in rates of $0.91 as of November 30, 2025, compared with $0.99 as of November 30, 2024 for the same store facilities.

Were in-place rental rates stable for SmartStop Self Storage REIT's same store properties?

Yes. Monthly in-place rates for the same store group were $1.63 as of both November 30, 2025 and November 30, 2024, indicating stable pricing on existing tenants.

What properties are included in SmartStop Self Storage REIT's same store metrics?

The metrics cover stabilized and comparable same store facilities that have been included in consolidated results of operations since January 1, 2024, excluding four other properties.

Are these SmartStop Self Storage REIT metrics considered filed with the SEC?

No. The company states that this Regulation FD information is furnished, not filed, and is not subject to Section 18 liabilities or automatically incorporated by reference into other filings.