---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-104036"
form_type: "8-K"
ticker: "SMA"
cik: "0001585389"
company_name: "SmartStop Self Storage REIT, Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:33:20.129682+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SmartStop Q2 net loss widens to $8.4M; FFO as adjusted per share $0.42; same-store NOI -1.1%

## Summary
- Net loss $8.4M ($0.16/sh) vs $3.8M loss in Q2 2024; FFO as adjusted $24.4M ($0.42/sh) up from $12.4M.
- Self storage revenue $60.9M (+10.7% YoY); same-store NOI -1.1%; occupancy 93.1% (+90 bps).
- Closed IPO of 31.05M shares at $30, net proceeds ~$875.6M; redeemed Series A Preferred and paid down debt.
- Raised $500M CAD in 2028 senior unsecured notes at 3.91%; received DBRS BBB/stable and KBRA BBB/stable ratings.
- Board added Lora Gotcheva as independent director; declared July distribution of $0.1359/share payable Aug 15.

## SEC filing metadata
- accession: 0000950170-25-104036
- form_type: 8-K
- ticker: SMA
- cik: 0001585389
- company_name: SmartStop Self Storage REIT, Inc.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1585389/000095017025104036/0000950170-25-104036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1585389/000095017025104036/ck0001585389-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-104036
- JSON: https://secwatch.observer/filing/0000950170-25-104036.json
- Plain text: https://secwatch.observer/filing/0000950170-25-104036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.