SmartStop Self Storage REIT, Inc. 8-K

What Happened
SmartStop Self Storage REIT, Inc. (SMA) filed an 8-K on May 12, 2026 under Regulation FD to disclose same-store operating metrics for its stabilized and comparable properties (included in consolidated results since Jan 1, 2025; four properties excluded). The company reported occupancy and rate data for March 31 and April 30, 2026 compared with the same dates in 2025.

Key Details

• Physical occupancy: 92.3% (Mar 31, 2026) vs. 93.0% (Mar 31, 2025); 92.6% (Apr 30, 2026) vs. 93.0% (Apr 30, 2025).
• Monthly web rates: $1.04 (Mar 31, 2026) vs. $1.07 (Mar 31, 2025); $1.03 (Apr 30, 2026) vs. $1.13 (Apr 30, 2025).
• Monthly move-in rates: $0.91 (Mar 31, 2026) vs. $0.95 (Mar 31, 2025); $0.92 (Apr 30, 2026) vs. $0.99 (Apr 30, 2025).
• Monthly in-place rates: $1.65 (Mar 31, 2026) and $1.65 (Apr 30, 2026) vs. $1.62 (Mar/Apr 30, 2025).

Why It Matters
These same-store metrics give investors a near-term view of property performance trends (occupancy and pricing) separate from full quarterly financial results. Occupancy ticked slightly lower year-over-year in March and April 2026, web and move-in rates declined versus 2025, while in-place rates were modestly higher—facts that can affect revenue trends and future quarterly results. The disclosure was provided under Regulation FD and does not replace formal earnings releases or financial statements.