SmartStop Self Storage (NYSE: SMA) details occupancy and rent trends

Rhea-AI Filing Summary

SmartStop Self Storage REIT, Inc. reported updated operating metrics for its same-store self-storage facilities, meaning stabilized, comparable properties included in consolidated results since January 1, 2025, excluding four other properties. These figures highlight recent trends in occupancy and rental rates.

Physical occupancy stayed high, at 92.1% and 92.3% as of December 31, 2025 and 2024, 92.7% and 92.1% as of January 31, 2026 and 2025, and 92.7% on both February 28, 2026 and 2025. Monthly web and move-in rates were generally lower than a year earlier, while monthly in-place rates were stable to slightly higher, holding around $1.64–$1.65 per square foot across the reported dates.

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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): March 03, 2026

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 March 3, 2026, 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, 2025, excluding four other properties):

•Physical occupancy as of:

oDecember 31, 2025 and December 31, 2024 was 92.1% and 92.3%, respectively;

oJanuary 31, 2026 and January 31, 2025 was 92.7% and 92.1%, respectively; and

oFebruary 28, 2026 and February 28, 2025 was 92.7% and 92.7%, respectively.

•Monthly web rates as of:

oDecember 31, 2025 and December 31, 2024 was $0.93 and $0.97, respectively;

oJanuary 31, 2026 and January 31, 2025 was $0.91 and $1.05, respectively; and

oFebruary 28, 2026 and February 28, 2025 was $0.95 and $1.01, respectively.

•Monthly move-in rates as of:

oDecember 31, 2025 and December 31, 2024 was $0.89 and $0.94, respectively;

oJanuary 31, 2026 and January 31, 2025 was $0.85 and $1.00, respectively; and

oFebruary 28, 2026 and February 28, 2025 was $0.87 and $0.90, respectively.

•Monthly in-place rates as of:

oDecember 31, 2025 and December 31, 2024 was $1.64 and $1.64, respectively;

oJanuary 31, 2026 and January 31, 2025 was $1.64 and $1.63, respectively; and

oFebruary 28, 2026 and February 28, 2025 was $1.65 and $1.64, 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:	March 3, 2026	By:	/s/ James R. Barry
			James R. Barry Chief Financial Officer and Treasurer

FAQ

What same-store occupancy did SmartStop Self Storage REIT (SMA) report?

SmartStop reported high same-store occupancy around the low-90% range. Physical occupancy was 92.1% versus 92.3% on December 31, 2025 and 2024, 92.7% versus 92.1% on January 31, 2026 and 2025, and 92.7% on both February 28, 2026 and 2025.

How did SmartStop Self Storage REIT’s (SMA) web rental rates change year over year?

Web rates were generally lower than a year earlier. Monthly web rates were $0.93 vs. $0.97 on December 31, 2025 and 2024, $0.91 vs. $1.05 on January 31, 2026 and 2025, and $0.95 vs. $1.01 on February 28, 2026 and 2025.

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

Move-in rates showed softness compared with the prior year. Monthly move-in rates were $0.89 vs. $0.94 on December 31, 2025 and 2024, $0.85 vs. $1.00 on January 31, 2026 and 2025, and $0.87 vs. $0.90 on February 28, 2026 and 2025.

How stable were SmartStop Self Storage REIT’s (SMA) in-place rental rates?

In-place rates remained stable to slightly higher. Monthly in-place rates were $1.64 on both December 31, 2025 and 2024, $1.64 vs. $1.63 on January 31, 2026 and 2025, and $1.65 vs. $1.64 on February 28, 2026 and 2025.

What does SmartStop Self Storage REIT (SMA) mean by same-store facilities?

Same-store facilities are stabilized, comparable properties included in consolidated results since January 1, 2025, excluding four other properties. This definition lets investors compare performance over time using a consistent pool of assets without distortion from recent acquisitions or developments.

Is SmartStop Self Storage REIT’s (SMA) disclosure of these metrics considered filed with the SEC?

No. The company states this information is furnished under Regulation FD, not filed under Section 18 of the Exchange Act. As a result, it is not subject to Section 18 liabilities and is not automatically incorporated into other company filings.

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