secwatch.observer — SEC 8-K summary
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Issuer:     SmartStop Self Storage REIT, Inc. (SMA)
CIK:        0001585389
Form:       8-K
Filed at:   2025-11-17T23:59:59+00:00
Accession:  0001193125-25-284720
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Same-store occupancy up to 92.5% but web/move-in rates down sharply YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585389/000119312525284720/0001193125-25-284720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585389/000119312525284720/ck0001585389-20251117.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-284720

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