secwatch.observer — SEC 8-K summary
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Issuer:     SmartStop Self Storage REIT, Inc. (SMA)
CIK:        0001585389
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001193125-25-266907
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585389/000119312525266907/0001193125-25-266907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585389/000119312525266907/ck0001585389-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-266907

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer