secwatch.observer — SEC 8-K summary
======================================

Issuer:     SmartStop Self Storage REIT, Inc. (SMA)
CIK:        0001585389
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001193125-26-208952
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1585389/000119312526208952/0001193125-26-208952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1585389/000119312526208952/ck0001585389-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-208952

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