---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-071534"
form_type: "8-K"
ticker: "SMA"
cik: "0001585389"
company_name: "SmartStop Self Storage REIT, Inc."
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:18:33.834459+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SmartStop Q4 net income $2.8M, FFO adj $0.55; FY25 FFO adj $1.87 (+10% YoY)

## Summary
- Net income $2.8M in Q4 vs net loss $3.7M YoY; diluted EPS $0.05 (improved from -$0.16).
- FFO as adjusted per share diluted $0.55 (Q4) and $1.87 (FY), up 31% and 10% YoY respectively.
- Same-store NOI -0.3% Q4, +0.6% FY; revenue +0.4% Q4, +1.6% FY; occupancy 92.3% Q4.
- New $500M unsecured credit facility (upsize to $1.6B) with 35 bps lower pricing; 4-yr term.
- Acquired Argus management platform for $21.1M; Q4 acquisitions include Winter Garden ($15.3M) and Canadian JV ($3M).

## SEC filing metadata
- accession: 0001193125-26-071534
- form_type: 8-K
- ticker: SMA
- cik: 0001585389
- company_name: SmartStop Self Storage REIT, Inc.
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1585389/000119312526071534/0001193125-26-071534-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1585389/000119312526071534/ck0001585389-20260225.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-071534
- JSON: https://secwatch.observer/filing/0001193125-26-071534.json
- Plain text: https://secwatch.observer/filing/0001193125-26-071534.txt

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