[8-K] SmartStop Self Storage REIT, Inc. Reports Material Event
Rhea-AI Filing Summary
SmartStop Self Storage REIT, Inc. reported operational metrics for its same store facilities as of October 31, 2025, compared with October 31, 2024. Physical occupancy was slightly higher at 92.5% versus 92.3% a year earlier, indicating essentially stable utilization of its storage portfolio.
Pricing trends were softer. Monthly web rates were $0.94 compared with $1.09 a year earlier, and monthly move-in rates were $0.85 versus $1.04, showing lower advertised and new customer pricing. Monthly in-place rates, which reflect what existing customers pay, were unchanged at $1.64 for both periods.
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FAQ
What occupancy did SmartStop Self Storage REIT (SMA) report for October 31, 2025?
SmartStop Self Storage REIT reported same store physical occupancy of 92.5% as of October 31, 2025, compared with 92.3% as of October 31, 2024.
How did SmartStop Self Storage REIT's monthly web rates change year over year?
Monthly web rates for SmartStop's same store facilities were $0.94 as of October 31, 2025, down from $1.09 as of October 31, 2024.
What monthly move-in rates did SmartStop Self Storage REIT (SMA) disclose?
The company reported monthly move-in rates of $0.85 as of October 31, 2025, compared with $1.04 as of October 31, 2024, for its same store facilities.
Were SmartStop Self Storage REIT's in-place rental rates stable year over year?
Yes. Monthly in-place rates for the same store facilities were $1.64 as of October 31, 2025, unchanged from $1.64 as of October 31, 2024.
What properties are included in SmartStop Self Storage REIT's same store metrics?
The metrics cover stabilized and comparable properties that have been in the consolidated results since January 1, 2024, excluding four other properties.
Is the SmartStop Self Storage REIT (SMA) information considered filed with the SEC?
No. The company stated that this information is furnished under Regulation FD and is not deemed to be filed for purposes of Section 18 of the Exchange Act.