SmartStop records $4.6M casualty loss from Hurricane Helene; expects full insurance recovery

SmartStop Self Storage REIT, Inc.

Hurricane Helene flood damaged one Asheville property; recorded ~$4.6M net casualty loss to write-off carrying value.
Company expects full insurance recovery; loss completely offset in 2024 OI by recorded insurance receivable.
In Jan 2025, SSGT III repaid ~$2.9M bridge loan and $7.0M promissory note, plus accrued interest.
No net income impact from the casualty loss; receivable recorded for pending insurance claim as of Dec 31, 2024.

item 3.03 item 5.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SmartStop Self Storage REIT, Inc.: Effected one-for-four reverse stock split and par value decrease via charter amendments, and reclassified authorized shares via articles supplementary (effective 2025-03-20).

Change: charter amendment
Effective: 2025-03-20

Exact text from the filing

the Company reclassified and designated 225,000,000 authorized but unissued shares of Class A Common Stock and 340,000,000 authorized but unissued shares of Class T Common Stock as authorized but unissued shares of common stock

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188 governance changes filed in the last 30 days. Browse all governance changes →

SmartStop Self Storage REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-060339

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