---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-266907"
form_type: "8-K"
ticker: "SMA"
cik: "0001585389"
company_name: "SmartStop Self Storage REIT, Inc."
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:17:26.607466+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SmartStop Q3 net income $5.2M vs loss; same-store NOI +1.5%; $200M CAD bond; Argus deal

## Summary
- Q3 net income $5.2M vs -$6.2M YoY; EPS $0.09 vs -$0.26; revenue $64.6M, up $9.2M.
- Same-store revenue +2.5%, NOI +1.5%, occupancy 92.6%; rent per sq ft $20.35.
- FFO as adjusted per share $0.47, up $0.05 YoY; nine-month FFO as adjusted $63.0M.
- Closed $200M CAD 3.89% Maple Bond due 2030; acquired Argus management for $21.1M upfront.
- Bought five Canada self-storage for $70.3M and two US properties for ~$30.6M.

## SEC filing metadata
- accession: 0001193125-25-266907
- form_type: 8-K
- ticker: SMA
- cik: 0001585389
- company_name: SmartStop Self Storage REIT, Inc.
- filed_at: 2025-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1585389/000119312525266907/0001193125-25-266907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1585389/000119312525266907/ck0001585389-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-266907
- JSON: https://secwatch.observer/filing/0001193125-25-266907.json
- Plain text: https://secwatch.observer/filing/0001193125-25-266907.txt

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