{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-065649","form_type":"8-K","ticker":"SMA","cik":"0001585389","company_name":"SmartStop Self Storage REIT, Inc.","filed_at":"2025-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.895684+00:00","generated_at":"2026-05-22T08:06:24.504192+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SmartStop Q1 net loss $8.4M; FFO as adjusted $0.41/diluted share; same-store revenue +3.2%","bullets":["Net loss attributable to common stockholders $8.4M (loss per Class A & T $0.35), vs loss $4.6M ($0.20) in Q1 2024.","FFO as adjusted (attributable to common stockholders + OP unit holders) $11.2M ($0.41/diluted), vs $11.1M ($0.40) YoY.","Same-store revenue +3.2%, same-store NOI +2.3%; same-store occupancy 92.6% (+0.5 ppts), annualized rent per sq ft $19.84 (+2.0%).","Closed IPO of 31.05M shares at $30/share, net proceeds ~$875.6M; used to redeem all Series A Preferred ($203.6M), pay down debt ($472M to credit facility, $175M acquisition facility).","Acquired three storage facilities in Q1 for ~$82.5M; post-quarter purchased Kelowna, BC facility for ~$28.3M and assumed $17.7M loan at 3.45%."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-065649","json":"https://secwatch.observer/filing/0000950170-25-065649.json","markdown":"https://secwatch.observer/filing/0000950170-25-065649.md","text":"https://secwatch.observer/filing/0000950170-25-065649.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1585389/000095017025065649/0000950170-25-065649-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1585389/000095017025065649/ck0001585389-20250507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T08:06:24.504192+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}