SmartStop Self Storage (STSFF) updates August 2025 occupancy and rate metrics
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
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.
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8-K Event Classification
Item 7.01 — Regulation FD Disclosure
1 item
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
FAQ
What operating update did SmartStop Self Storage REIT (STSFF) provide on August 31, 2025?
SmartStop Self Storage REIT, Inc. provided updated metrics for its same store self-storage facilities as of August 31, 2025, including physical occupancy and several rate measures compared with the prior year.
How did SmartStop Self Storage REIT (STSFF) occupancy change year over year?
Physical occupancy for the companys same store facilities was 92.7% as of August 31, 2025, compared with 92.4% as of August 31, 2024.
What were SmartStop Self Storage REIT (STSFF) monthly web and move-in rates?
As of August 31, 2025, monthly web rates were $1.04 versus $1.03 a year earlier, while monthly move-in rates were $0.93 compared with $0.97 as of August 31, 2024.
What were SmartStop Self Storage REIT (STSFF) monthly in-place rates for existing tenants?
Monthly in-place rates for the companys same store facilities were $1.66 as of August 31, 2025, compared with $1.64 as of August 31, 2024.
Which properties are included in SmartStop Self Storage REIT (STSFF) same store metrics?
The metrics cover same store facilities, defined as stabilized and comparable properties included in consolidated results since January 1, 2024, excluding four other properties.
Is the SmartStop Self Storage REIT (STSFF) metrics information considered filed with the SEC?
The company states this Item 7.01 information is furnished, not deemed filed under Section 18 of the Exchange Act, and it is not incorporated by reference into other company filings.