Prudential Files 13G/A for 3.47M SMA Shares, Passive Ownership

Rhea-AI Filing Summary

Prudential Financial, Inc. filed Amendment No. 1 to Schedule 13G disclosing ownership of 3,467,716 common shares of SmartStop Self Storage REIT, Inc. (symbol "SMA") as of 31 Jul 2025. The position represents 11.2 % of the company’s outstanding shares, crossing the 5 % reporting threshold under Section 13(d).

The stake is held through two investment-management subsidiaries: PGIM Quantitative Solutions LLC (370,562 shares; 1.2 %) and PGIM, Inc. (3,097,154 shares; 10.0 %). Prudential, classified as a parent holding company/control person, reports shared voting and dispositive power over all shares and no sole authority.

The securities were acquired in the ordinary course of business, and Prudential states they are not intended to change or influence control of the issuer.

Positive

• Significant 11.2 % institutional stake from Prudential may enhance investor confidence and trading liquidity.

Negative

• No sole voting or dispositive power suggests limited ability for Prudential to drive strategic changes.

Insights

Institutional Ownership Analyst

TL;DR: Prudential now owns 11.2 % of SMA; passive stake, shared control, neutral governance impact.

This 13G/A reveals that Prudential Financial’s asset-management arms collectively control 3.47 million SMA shares. Because the filing is on Schedule 13G (not 13D) and explicitly certifies a passive intent, it signals institutional support rather than an activist posture. The 11.2 % holding is sizable for a REIT of SmartStop’s scale and may improve liquidity and market perception, yet the absence of sole voting/dispositive power and the passive certification limit any near-term governance influence. Impact on valuation is therefore moderately positive but not transformative.

FAQ

How many SmartStop Self Storage REIT (SMA) shares does Prudential Financial own?

3,467,716 common shares are reported as beneficially owned.

What percentage of SMA’s outstanding shares does this represent?

The stake equals 11.2 % of the class.

Does Prudential have voting control over these shares?

Prudential reports shared voting power over all shares and no sole voting authority.

Which subsidiaries hold the SMA shares for Prudential?

PGIM Quantitative Solutions LLC holds 370,562 shares; PGIM, Inc. holds 3,097,154 shares.

Why was Schedule 13G/A filed?

Ownership exceeded the 5 % threshold, requiring disclosure; the amendment updates holdings as of 31 Jul 2025.

Is Prudential’s investment considered passive?

Yes. The certification states the shares were acquired in the ordinary course and not to influence control.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/06/2025 - 03:21 PM Learn about SEC filing dates

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

(Title of Class of Securities)

83192D402

(CUSIP Number)

07/31/2025

(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

PRUDENTIAL FINANCIAL INC

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

NEW JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,467,716.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,467,716.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,467,716.00

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)

11.2 %

12

Type of Reporting Person (See Instructions)

HC

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, CALIFORNIA, 92694
Item 2.
(a)	Name of person filing: Prudential Financial, Inc.
(b)	Address or principal business office or, if none, residence: 751 Broad Street Newark, New Jersey 07102-3777
(c)	Citizenship: New Jersey
(d)	Title of class of securities: Common
(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).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,467,716
(b)	Percent of class: 11.2 %
(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: 3,467,716
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 3,467,716
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Our clients may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities which are the subject of this filing.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Prudential Financial, Inc. is a Parent Holding Company and the indirect parent of the following subsidiaries, who are the beneficial owners of the number and percentage of securities which are the subject of this filing as set forth next to their names: Subsidiaries Number of shares Percentage PGIM Quantitative Solutions LLC IA 370,562 1.2 PGIM, Inc. IA 3,097,154 10.0
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 securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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.

PRUDENTIAL FINANCIAL INC

Signature:	/s/ Danny Fiore
Name/Title:	Second Vice President
Date:	08/06/2025