SmartStop Self Storage REIT, Inc. 8-K Filings

SmartStop Self Storage REIT, Inc. (SMA) announced approximately $140 million of strategic investments in Canada and the United States, including a Canadian joint venture investment of approximately CAD $74 million (USD $54 million), expected acquisitions of two U.S. properties for approximately $37 million, and a preferred or mezzanine investment partnership.

The Canadian investment is structured to provide SmartStop a 50% general partner and approximately 34% limited partner interest in 14 properties at approximately 50% physical occupancy. It is subject to Canadian Competition Act approval and customary closing conditions, with completion anticipated in Q4 2026. One $13.2 million preferred investment closed in September; five more, with $35 million to $40 million of net SmartStop investment, are expected by year-end 2026.

SmartStop raised 2026 adjusted FFO guidance by $0.01 to $1.99–$2.05 per share, and same-store revenue and NOI growth guidance to 0.75%–1.75% and 1.15%–2.15%. The transactions and related financing are expected to be modestly accretive to 2026 adjusted FFO per share and accretive by approximately $0.05 to $0.06 per share in 2027. SmartStop priced approximately 2.4 million shares on a forward basis at an average $32.01 per share for gross proceeds of up to approximately $78 million, depending on settlement dates. It targets $75 million to $125 million of noncore property sales beginning early 2027.

SmartStop Self Storage REIT, Inc. (SMA) reported updated same-store operating metrics as of August 31, 2026 for properties included in results since January 1, 2025, excluding four other properties. Physical occupancy for the overall same-store portfolio was 92.4% compared with 92.7% a year earlier.

For the 13-property same-store portfolio in the Greater Toronto Area of Canada, ending occupancy was 92.9% versus 92.2% a year prior. Monthly web rates were $0.97 compared with $1.05, and monthly move-in rates were $0.87 versus $0.94. Monthly in-place rates were $1.70 compared with $1.67.

SmartStop Self Storage REIT, Inc. (SMA) announced that its Board of Directors declared a monthly cash dividend for September 2026, reflecting a targeted annualized dividend of $1.60 per share. The September dividend will be $0.13150685 per share, with a record date as of the close of business on September 30, 2026. The dividend is scheduled to be paid on October 15, 2026 to stockholders of record as of that record date.

SmartStop Self Storage REIT, Inc. (SMA) announced that its operating partnership, SmartStop OP, L.P., completed a private placement of CAD $200 million aggregate principal amount of 4.317% Series C Senior Unsecured Notes due February 18, 2031 in Canada. The notes were issued at par, pay interest semiannually starting February 18, 2027, are guaranteed by SmartStop and certain subsidiaries, and are rated BBB (Stable) by Morningstar DBRS.

Management states that this third Canadian “Maple Bond” was used to repay existing indebtedness, including balances on the revolving credit facility, and for general corporate purposes, helping refinance 2026 debt maturities and extend the revolver’s term. As of August 18, 2026, SmartStop owns or manages over 460 self-storage properties totaling more than 35 million rentable square feet.

SmartStop Self Storage REIT, Inc. outlines its business profile and strategic plan in an August 2026 investor presentation furnished for informational purposes. The company operates a premier self storage platform with 191 owned properties and 15.1 million owned square feet, plus a broader network of 460 owned and managed properties totaling 35.4 million square feet across the U.S. and Canada as of June 30, 2026.

The presentation highlights a high-quality portfolio concentrated in large markets, including significant exposure to the Greater Toronto Area, with Q2 2026 same-store occupancy of 92.4% and owned portfolio ending occupancy of 91.7%. Key operating metrics include $169 million LQA NOI and Q2 2026 same-store NOI growth of 3.7%, supported by technology-driven revenue management and an AI-enabled operating platform.

SmartStop describes its “Deca Initiative,” a six-pillar growth strategy combining disciplined capital allocation, clustering and margin expansion, technology and AI, third-party management, a Managed REIT Platform with about $1.0 billion of AUM, and an acquisitions joint venture and bridge-lending JV targeting 10–16% yields. The balance sheet carries investment-grade ratings and a normalized net debt to adjusted EBITDA ratio of 6.2x.

SmartStop Self Storage REIT, Inc. declared a monthly cash dividend for August 2026 on its common stock. The dividend reflects a targeted annualized dividend of $1.60 per share. For the August period, the company set a dividend of $0.13589041 per share.

The dividend has a record date of August 31, 2026, the last business day of August, and will be paid on September 15, 2026 to stockholders of record as of that date. This sets the company’s cash distribution for the month of August 2026.

SmartStop Self Storage REIT, Inc. reported a strong improvement for the three and six months ended June 30, 2026. Q2 net income attributable to common stockholders was approximately $11.2 million, an increase of about $19.6 million year over year, or $0.20 per share. Total self storage-related revenues were about $65.8 million, up roughly $4.9 million. Q2 FFO, as adjusted, was approximately $29.3 million, or $0.49 per diluted share and OP unit, increases of about $4.9 million and $0.07 per share.

Same-store revenues rose 1.3% in Q2 while same-store property operating expenses fell 3.4%, driving a 3.7% increase in same-store NOI. Same-store operating margins reached 67.3%, up 150 basis points year over year, with average same-store occupancy at 92.5% and annualized rent per occupied square foot of roughly $20.33.

For the first half of 2026, net income attributable to common stockholders was approximately $20.8 million, up about $37.6 million from 2025, and FFO, as adjusted, was approximately $58.1 million, or $0.98 per diluted share and OP unit. The company deployed over $46 million into on-balance sheet acquisitions and bridge capital in Q2, completed preferred investments of about $16.3 million and $3.1 million at a weighted average yield near 10.9%, and its board approved monthly distributions equating to an annualized $1.60 per share for June, July and August 2026. Updated 2026 guidance includes FFO, as adjusted, per diluted share and OP unit of $1.98 to $2.04, with management stating it has increased both same-store NOI and FFO, as adjusted, per share guidance.

SmartStop Self Storage REIT, Inc. furnished a shareholder letter outlining progress since its April 2025 IPO and a long-term strategic plan called The Deca Initiative targeting $10 billion in total capitalization.

Since listing, the company raised $931.5 million in IPO gross proceeds, issued CAD $700 million of Maple Bonds at an approximately 3.90% blended coupon, and deployed nearly $500 million into Class A properties at mid‑5% going-in cap rates. Managed REIT assets under management are about $1.1 billion, generating an annualized revenue run rate of more than $16 million.

The Deca Initiative is built on six pillars: disciplined capital allocation, clustering-driven margin expansion, AI-enabled operations through SmartStop.AI, capital-light third-party management and bridge lending, a managed REIT platform that supplies fee income and a pipeline, and an institutional acquisition joint venture to pursue larger portfolios while retaining operating roles.

SmartStop Self Storage REIT, Inc. declared its monthly dividend for July 2026. The Board set a targeted annualized dividend of $1.60 per share on its common stock.

For July 2026, stockholders of record as of July 31, 2026 will receive a cash dividend of $0.13589041 per share, payable on August 14, 2026. This continues the company’s practice of paying regular monthly dividends to shareholders.

SmartStop Self Storage REIT, Inc. amended its charter structure and reported results from its 2026 annual stockholder meeting. The company filed Articles Supplementary in Maryland to reclassify 31,250,000 authorized but unissued Class A common shares and 2,500,000 authorized but unissued Class T common shares into authorized but unissued common stock without class or series designation. After this change, SmartStop remains authorized to issue 225,000,000 shares, consisting of 175,000,000 undesignated common shares and 50,000,000 preferred shares, so the total authorized share count did not increase.

At the annual meeting, six directors were elected, an advisory vote approved executive compensation, and stockholders chose to hold the say-on-pay vote every year. Stockholders also ratified BDO USA, P.C. as independent registered public accounting firm for the year ending December 31, 2026.

SmartStop Self Storage REIT, Inc. reported operating metrics for its same-store self-storage facilities as of May 31, 2026, covering properties included in results since January 1, 2025, excluding four others. These data give a snapshot of occupancy and pricing trends across its stabilized portfolio.

Physical occupancy was 92.4% on May 31, 2026, compared with 93.1% on May 31, 2025. Monthly web rates were $1.21 versus $1.24 a year earlier, and monthly move-in rates were $1.06 versus $1.12. Monthly in-place rates increased to $1.66 from $1.63 over the same period.

SmartStop Self Storage REIT, Inc. declared its monthly cash dividend for June 2026. The dividend is $0.13150685 per share of common stock, which reflects a targeted annualized dividend of $1.60 per share. Stockholders of record as of June 30, 2026 will receive payment on July 15, 2026.

SmartStop Self Storage REIT, Inc. released operating metrics for its same-store self-storage facilities under a Regulation FD disclosure. Physical occupancy was 92.3% as of March 31, 2026 versus 93.0% a year earlier, and 92.6% as of April 30, 2026 versus 93.0% a year earlier.

Monthly web rates were $1.04 as of March 31, 2026 compared with $1.07 a year before, and $1.03 as of April 30, 2026 compared with $1.13 a year earlier. Monthly move-in rates were $0.91 as of March 31, 2026 versus $0.95 a year earlier, and $0.92 as of April 30, 2026 versus $0.99 a year earlier.

Monthly in-place rates increased to $1.65 as of March 31 and April 30, 2026 from $1.62 on the same dates in 2025, indicating slightly higher average rents on occupied units even as occupancy and new customer pricing softened.

SmartStop Self Storage REIT, Inc. reported a strong return to profitability for the first quarter of 2026. Net income attributable to common stockholders was about $9.6 million, or $0.17 per share, an increase of roughly $18.0 million and $0.52 per share from the prior year’s quarter.

Total revenues reached $78.3 million, driven by self storage-related revenues of $64.8 million and growth in its managed platform. FFO, as adjusted rose to $28.8 million, with FFO, as adjusted per diluted share and OP unit up to $0.49, a 19.3% year-over-year increase. Same-store revenues grew 1.5%, expenses rose only 0.6%, and same-store NOI increased 2.0% with occupancy steady at 92.5%.

The company closed a new $500 million senior unsecured credit facility with an accordion feature for up to an additional $1.1 billion, at initial interest rates about 30 basis points lower than its prior revolver. It also maintained an annualized common distribution rate of $1.60 per share through monthly payouts in March, April, and May 2026 and guided 2026 FFO, as adjusted per diluted share and OP unit to a range of $1.94–$2.04.

SmartStop Self Storage REIT, Inc. declared its common stock dividend for the month of May 2026. The dividend reflects a targeted annualized dividend of $1.60 per share, indicating the company’s intended yearly payout level if maintained.

For May 2026, stockholders of record as of May 29, 2026 will receive a cash dividend of $0.13589041 per share, payable on June 15, 2026. Investors must be on the share register by the record date to receive this payment.

SmartStop Self Storage REIT, Inc. declared its monthly cash dividend for April 2026, targeting an annualized dividend of $1.60 per share. For April, stockholders of record as of April 30, 2026 will receive a cash dividend of $0.13150685 per share, payable on May 15, 2026. This continues the company’s regular monthly dividend program for common stockholders.

SmartStop Self Storage REIT, Inc. furnished an investor presentation outlining its growth strategy, portfolio profile and capital structure. The company highlights a premier self storage platform with 461 owned and managed properties totaling 35.2 million square feet and a five‑year portfolio expansion of about 227%. As of 4Q 2025, same‑store occupancy was 92.1% and annualized same‑store rent per occupied square foot was $20.04, supporting LQA NOI of $167 million. SmartStop emphasizes differentiated exposure to Canada, particularly the Greater Toronto Area, where it is the largest operator, and describes expansion via acquisitions, managed REITs, third‑party management and a new bridge lending joint venture with AXCS Capital. The presentation also details the October 2025 acquisition of Argus Professional Storage Management, which adds roughly 220 managed facilities and significantly broadens SmartStop’s fee‑based and third‑party management platform.

SmartStop Self Storage REIT, Inc. entered a new distribution agreement that allows it to issue and sell up to $300 million of common stock from time to time. Sales can be made through multiple investment banks in negotiated and at-the-market transactions on the New York Stock Exchange and other venues.

The company also put in place forward sale agreements with several banks, which may initially borrow and sell shares, with SmartStop expecting to settle these mostly by delivering shares later for cash. Commissions to sales agents and forward sellers are capped at 2.0% of gross sales. Net proceeds are intended for general corporate purposes, including acquisitions, development and redevelopment spending, and reducing outstanding debt such as borrowings under its revolving credit facility.

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.

SmartStop Self Storage REIT, Inc. announced a monthly cash dividend for March 2026. The dividend reflects a targeted annualized dividend of $1.60 per share. Stockholders of record as of the close of business on March 31, 2026 will receive a cash dividend of $0.13589041 per share, payable on April 15, 2026.

SmartStop Self Storage REIT, Inc. reported stronger results for Q4 and full-year 2025, driven by acquisitions, its managed platform and balance sheet actions. For Q4, net income attributable to common stockholders was about $2.8 million, or $0.05 per share, compared with a loss a year earlier, on total revenues of $78.4 million.

For 2025, the company recorded a net loss attributable to common stockholders of about $8.8 million, but total self storage-related revenues rose to roughly $249.5 million and FFO, as adjusted, doubled to about $95.5 million, or $1.87 per diluted share and OP unit. Same-store revenues increased 1.6% and same-store NOI grew 0.6%, with average occupancy at 92.5%.

SmartStop completed approximately $368.6 million of 2025 acquisitions, closed a CAD $160 million secured JV term loan and added a new $500 million senior unsecured credit facility with an accordion up to an additional $1.1 billion. The board affirmed an annualized common distribution of $1.60 per share and issued 2026 guidance for FFO, as adjusted, of $1.93 to $2.05 per diluted share and OP unit.

SmartStop Self Storage REIT, Inc. expanded its Board of Directors from five to six members and appointed Chief Investment Officer Wayne Johnson as an employee director, effective February 19, 2026. He will serve until the next annual meeting or until a successor is elected and qualified.

At the same time, Johnson resigned as President, a role he had held since 2019. The Board appointed Chairman and CEO H. Michael Schwartz to additionally serve as President, effective February 19, 2026, with no additional compensation for the expanded executive role.

SmartStop describes Johnson as a key leader since the company’s formation in 2013 and highlights his long self-storage and commercial real estate track record. As of February 20, 2026, SmartStop’s owned or managed portfolio includes over 460 operating properties and more than 35 million rentable square feet in the United States and Canada.

SmartStop Self Storage REIT, Inc. entered into a second amended and restated senior unsecured revolving credit facility totaling $500 million, replacing its 2024 credit facility while keeping an outstanding balance of about $68.3 million unchanged at closing.

The new multi-currency facility, which can be increased by up to $1.1 billion for total potential capacity of $1.6 billion, matures on February 18, 2030 and includes a one-year extension option. Interest is tied to SOFR, CORRA or a base rate, with margins that vary based on leverage or credit rating and are initially 105 basis points over Daily Simple SOFR.

The facility is unsecured but fully recourse to the company, its operating partnership and certain subsidiaries, and is governed by leverage, coverage, net worth and secured debt covenants. According to the company, pricing on the initial advances is approximately 30 basis points lower than under the prior revolving credit facility, and the facility is intended to support SmartStop’s growth strategy in the United States and Canada.

SmartStop Self Storage REIT, Inc. reported that its Board of Directors declared a monthly dividend for February 2026 that reflects a targeted annualized dividend of $1.60 per share. The February dividend will be $0.12273973 per share, with a record date of February 27, 2026 and a payment date of March 13, 2026 to stockholders of record on the February record date.

SmartStop Self Storage REIT, Inc. reported updated operating metrics for its same store self-storage facilities, which are stabilized and comparable properties included in its consolidated results since January 1, 2024, excluding four other properties. As of December 31, 2025, physical occupancy was 92.1%, compared with 92.3% a year earlier, indicating largely stable unit utilization.

For these same store locations, monthly web rental rates were $0.91 as of December 31, 2025 versus $0.97 a year before, and monthly move-in rates were $0.88 versus $0.94. Monthly in-place rental rates remained $1.63 at both December 31, 2025 and December 31, 2024. The company furnished these metrics under a Regulation FD disclosure, meaning they are not treated as filed financial statements under securities laws.

SmartStop Self Storage REIT, Inc. declared a cash dividend for January 2026 that reflects a targeted annualized dividend of $1.60 per share. Stockholders of record as of the close of business on January 30, 2026 will receive a dividend of $0.13589041 per share, payable on February 13, 2026. This continues the company’s practice of paying regular monthly dividends to its common stockholders.

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.

SmartStop Self Storage REIT, Inc. declared its monthly dividend for December 2025. The Board approved a dividend that reflects a targeted annualized dividend of $1.60 per share. Stockholders of record as of the close of business on December 31, 2025 will receive a cash dividend of $0.13589041 per share of common stock, payable on January 15, 2026. This update confirms the company’s ongoing monthly cash distribution to its shareholders.

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.

SmartStop Self Storage REIT, Inc. (SMA) furnished an 8-K announcing it issued a press release with financial results for the three and nine months ended September 30, 2025. The press release is included as Exhibit 99.1.

The information, including Exhibit 99.1, is being furnished and not deemed filed under Section 18 of the Exchange Act, and will not be incorporated by reference into other filings. The report was signed by the Chief Financial Officer and Treasurer.

SmartStop Self Storage REIT, Inc. declared a monthly dividend for November 2025, targeting an annualized dividend of $1.60 per share. The November dividend is $0.13150685 per share.

The dividend has a record date of November 28, 2025 and is payable on December 15, 2025 to stockholders of record as of the listed record date. The Board approved the dividend on October 29, 2025.

SmartStop Self Storage REIT, Inc. declared its regular monthly cash dividend for October 2025, targeting an annualized dividend of $1.60 per share. The dividend applies to all classes of common stock, with holders of Class A, Class T, and Unclassified common stock each entitled to receive $0.13589041 per share for the month of October.

The record date for this dividend is the close of business on October 31, 2025, and the payment date is November 14, 2025 for stockholders of record as of that date.

SmartStop Self Storage REIT, Inc. furnished an investor presentation as part of a current report. The company attached updated investor presentation materials as Exhibit 99.1, which may be used in discussions with investors from time to time.

The information provided under this investor presentation update is being furnished under a specific disclosure item and, consistent with securities regulations, is not treated as filed or subject to certain liability provisions. The materials are also not automatically incorporated into other company filings.

SmartStop Self Storage REIT, Inc. is expanding its platform by signing a contribution agreement to acquire Argus Professional Storage Management. The deal carries total upfront consideration of $21 million, made up of $8.5 million in cash and 328,343 operating partnership units. There is also potential earnout of up to $11 million based on revenues generated during fiscal year 2028, with 75% payable in cash and 25% in operating partnership units.

After combining with Argus, the company will own or manage over 460 self-storage properties across North America. The board of directors unanimously approved the transaction, which is expected to close in early October 2025, subject to customary closing conditions.

SmartStop Self Storage REIT, Inc., through its operating partnership, entered into a private placement in Canada for an aggregate principal amount of up to CAD$200 million of 3.888% senior unsecured notes due 2030. The 2030 Notes bear approximately 3.89% interest, are rated BBB (Stable) by Morningstar DBRS, and pay interest semiannually each September 24 and March 24, starting March 24, 2026. The notes rank pari passu with the company’s existing credit facility, US$150 million 4.53% senior notes due 2032, and CAD$500 million 3.907% senior unsecured notes due 2028, and are fully and unconditionally guaranteed by specified subsidiaries. The operating partnership intends to use the net proceeds to repay existing indebtedness, fund acquisitions, and for general corporate purposes. The notes were sold offshore under Regulation S and Canadian accredited investor exemptions and are subject to an indefinite hold period under Canadian securities laws.

SmartStop Self Storage REIT, Inc. furnished an update stating that it issued a press release on September 22, 2025 announcing the pricing of a Canadian Maple Bond offering. The press release is attached as Exhibit 99.1 and was prepared to comply with Securities Act Rule 135c. The company notes that this information, including Exhibit 99.1, is being furnished under Regulation FD and is not deemed filed for purposes of Section 18 of the Exchange Act or incorporated by reference into other filings.

SmartStop Self Storage REIT, Inc. reported updated operating metrics for its same store self-storage facilities as of August 31, 2025. Physical occupancy for these stabilized, comparable properties was 92.7%, slightly higher than 92.4% a year earlier. Monthly web rates were $1.04 compared with $1.03 on August 31, 2024, indicating a small increase in advertised pricing. Monthly move-in rates were $0.93 versus $0.97 a year before, showing new customers are paying a bit less on average at move-in. Monthly in-place rates, which reflect what existing tenants are paying, were $1.66 compared with $1.64 a year earlier, suggesting modest growth in realized rental rates from the existing customer base.

SmartStop Self Storage REIT, Inc. reported that its year-over-year same-store revenue for July 2025 increased by 2.9%. The company defines same-store revenue to include rental income, certain ancillary revenue, administrative fees, and late fees, and explicitly excludes tenant protection program revenue from the same-store pool comparison. This single-month performance is presented as a like-for-like operational metric comparing the Company’s same-store portfolio in July 2025 with the comparable month in 2024.

SmartStop Self Storage REIT, Inc. reported that its Board of Directors declared a monthly dividend for September 2025 that reflects a targeted annualized dividend of $1.60 per share.

The dividend will be paid at $0.13150685 per share on Class A common stock, Class T common stock, and Unclassified common stock. The record date is the close of business on September 30, 2025, and the payment date is October 15, 2025, meaning shareholders on record at the end of September will receive this cash dividend in mid-October.

SmartStop Self Storage REIT, Inc. reported that it sent a letter to its Class A and Class T stockholders from CEO, founder and chairman H. Michael Schwartz. The letter, dated August 22, 2025, is provided as an exhibit to this current report.

The company states that this stockholder letter and related information are being furnished under Regulation FD, meaning they are intended as broad public disclosure rather than as material filed information, and they are not incorporated by reference into other company filings.

Registrant: SmartStop Self Storage REIT, Inc. (NYSE: SMA). Report date: August 6, 2025.

Item 2.02: The Company issued a press release announcing financial results for the three and six months ended June 30, 2025; the press release is furnished as Exhibit 99.1 and is incorporated by reference into this Current Report. The filing states that the furnished information is not "filed" for purposes of Section 18 of the Exchange Act and shall not be incorporated by reference into other filings.

Item 9.01 lists Exhibits: 99.1 (press release dated August 6, 2025) and 104 (Cover Page Interactive Data File). The report is signed by James R. Barry, Chief Financial Officer and Treasurer.