Deutsche Bank’s DWS unit holds 3.3% of SmartStop Self Storage REIT (SMA)

Rhea-AI Filing Summary

Deutsche Bank AG, through its DWS asset management business, reports beneficial ownership of SmartStop Self Storage REIT, Inc. common stock. As of 12/31/2025, it beneficially owned 1,821,963 shares, representing 3.3% of the outstanding common stock.

Deutsche Bank reports no sole voting or dispositive power over these shares, but shared voting and shared dispositive power over the full 1,821,963 shares. The filing is made on a Schedule 13G/A, indicating a passive, institutional position by a bank organized under the laws of the Federal Republic of Germany.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

SmartStop Self Storage REIT, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

83192D402

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 83192D402

1

Names of Reporting Persons

DEUTSCHE BANK AG\

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

GERMANY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,821,963.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,821,963.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,821,963.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.3 %

12

Type of Reporting Person (See Instructions)

FI

Comment for Type of Reporting Person: * In accordance with Securities Exchange Act Release No. 39538 (January 12, 1998), this filing reflects the securities beneficially owned by the Asset Management business group (collectively, "DWS") of Deutsche Bank AG and its subsidiaries and affiliates (collectively, "DBAG"). This filing does not reflect securities, if any, beneficially owned by any other business groupof DBAG.

SCHEDULE 13G

CUSIP No. 83192D402

1

Names of Reporting Persons

RREEF AMERICA LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,321,142.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 863,117.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,802,428.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.3 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 83192D402

1

Names of Reporting Persons

DWS Investments UK Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 19,535.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,535.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SmartStop Self Storage REIT, Inc.
(b)	Address of issuer's principal executive offices: 10 Terrace Road, LADERA RANCH, CA 92694
Item 2.
(a)	Name of person filing: DEUTSCHE BANK AG\
(b)	Address or principal business office or, if none, residence: Taunusanlage 12 D-60325
(c)	Citizenship: 2M
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 83192D402
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	a bank organized under the laws of the Federal Republic of Germany
Item 4.	Ownership
(a)	Amount beneficially owned: 1,821,963
(b)	Percent of class: 3.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,821,963
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,821,963
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to a bank organized under the laws of the Federal Republic of Germany is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DEUTSCHE BANK AG\

Signature:	Michael Caro
Name/Title:	Vice President
Date:	01/30/2025

RREEF AMERICA LLC

Signature:	Michael Caro
Name/Title:	Vice President
Date:	01/30/2025

DWS Investments UK Ltd

Signature:	Michael Caro
Name/Title:	Vice President
Date:	01/30/2025

FAQ

What does Deutsche Bank’s Schedule 13G/A filing in SmartStop Self Storage REIT (SMA) disclose?

The filing shows Deutsche Bank AG, via its DWS asset management group, beneficially owns 1,821,963 SmartStop Self Storage REIT common shares, or 3.3% of the class as of 12/31/2025, reported on a passive Schedule 13G/A basis.

How large is Deutsche Bank’s ownership stake in SmartStop Self Storage REIT (SMA)?

Deutsche Bank reports beneficial ownership of 1,821,963 SmartStop Self Storage REIT common shares, representing 3.3% of the company’s outstanding common stock as of 12/31/2025, according to the Schedule 13G/A ownership section.

What voting and dispositive powers does Deutsche Bank report over SMA shares?

Deutsche Bank reports no sole voting or sole dispositive power, but shared voting and shared dispositive power over all 1,821,963 SmartStop Self Storage REIT common shares it beneficially owns, as detailed in the ownership breakdown.

Who are the reporting persons in the SmartStop Self Storage REIT (SMA) 13G/A filing?

The filing lists Deutsche Bank AG, RREEF America LLC, and DWS Investments UK Ltd as reporting persons, reflecting securities beneficially owned within Deutsche Bank’s DWS asset management business group rather than other Deutsche Bank business units.

What does it mean that Deutsche Bank owns 5 percent or less of SMA’s common stock?

The Schedule 13G/A confirms Deutsche Bank’s beneficial stake in SmartStop Self Storage REIT is 3.3%, which is 5 percent or less of the class. This level of ownership is disclosed but does not indicate a controlling or majority position.