{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-284720","form_type":"8-K","ticker":"SMA","cik":"0001585389","company_name":"SmartStop Self Storage REIT, Inc.","filed_at":"2025-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.830701+00:00","generated_at":"2026-05-16T19:15:29.394627+00:00","sec_items":["7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Same-store occupancy up to 92.5% but web/move-in rates down sharply YoY","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-284720","json":"https://secwatch.observer/filing/0001193125-25-284720.json","markdown":"https://secwatch.observer/filing/0001193125-25-284720.md","text":"https://secwatch.observer/filing/0001193125-25-284720.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1585389/000119312525284720/0001193125-25-284720-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1585389/000119312525284720/ck0001585389-20251117.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:15:29.394627+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}