---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-208952"
form_type: "8-K"
ticker: "SMA"
cik: "0001585389"
company_name: "SmartStop Self Storage REIT, Inc."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:43:32.248810+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SmartStop Q1 net income $9.6M vs year-ago loss, FFO as adj $0.49/share +19.5% YoY

## Summary
- Net income attributable to common stockholders $9.6M ($0.17/diluted share) vs loss of $8.4M ($0.35 loss) in Q1 2025.
- FFO as adjusted per diluted share & OP unit $0.49, up 19.5% from $0.41 YoY.
- Same-store revenue +1.5%, same-store NOI +2.0%; first NOI margin expansion in several years.
- Closed new $500M unsecured credit facility (accordion to $1.6B) at rates ~30bps lower than prior facility.
- FY 2026 FFO as adjusted guidance narrowed to $1.94-$2.04 per diluted share (from $1.93-$2.05).

## SEC filing metadata
- accession: 0001193125-26-208952
- form_type: 8-K
- ticker: SMA
- cik: 0001585389
- company_name: SmartStop Self Storage REIT, Inc.
- filed_at: 2026-05-06T23:59:59+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/1585389/000119312526208952/0001193125-26-208952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1585389/000119312526208952/ck0001585389-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-208952
- JSON: https://secwatch.observer/filing/0001193125-26-208952.json
- Plain text: https://secwatch.observer/filing/0001193125-26-208952.txt

## Source-grounded claims
- claim_id: b8f20fafbebbc03907371d5999561f44740e42be
  claim: SmartStop Self Storage REIT, Inc. reported three months ended March 31, 2026 results: revenue approximately $64.8 million, net income approximately $9.6 million, EPS $0.17.
  evidence_excerpt: and diluted) was $0.17. This represents an increase of approximately $0.52 when compared to the same period in 2025. • Total self storage-related revenues were approximately $64.8 million, an increase of approximately $5.6 million when compared to the same period in 2025. • FFO, as adjusted (attributable to common stockholders and Operating Partnership (“OP”) unit
  evidence_url: https://www.sec.gov/Archives/edgar/data/1585389/000119312526208952/0001193125-26-208952-index.htm

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