other material
confidence high
sentiment negative
materiality 0.60
Same-store occupancy up to 92.5% but web/move-in rates down sharply YoY
SmartStop Self Storage REIT, Inc.
- Physical occupancy 92.5% at Oct 31, 2025 vs 92.3% a year earlier.
- Monthly web rates fell to $0.94 from $1.09 (-13.8%).
- Monthly move-in rates dropped to $0.85 from $1.04 (-18.3%).
- In-place rates held flat at $1.64 per square foot.
- Declining rental rates on new leases signal potential revenue pressure.