SmartStop Self Storage REIT Inc
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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FY2024 · Filed Mar 12, 2025
SMA$39.69+2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Real estate facilities: | ||
| Land | $480,539 | $430,869 |
| Buildings | 1,516,095 | 1,401,981 |
| Site improvements | 94,562 | 91,896 |
| 2,091,196 | 1,924,746 | |
| Accumulated depreciation | (305,132) | (255,844) |
| 1,786,064 | 1,668,902 | |
| Construction in process | 9,503 | 5,977 |
| Real estate facilities, net | 1,795,567 | 1,674,879 |
| Cash and cash equivalents | 23,112 | 45,079 |
| Restricted cash | 6,189 | 8,348 |
| Investments in unconsolidated real estate ventures (Note 4) | 38,797 | 35,832 |
| Investments in and advances to Managed REITs | 57,722 | 34,391 |
| Deferred tax assets | 4,310 | 4,450 |
| Other assets, net | 33,538 | 21,701 |
| Intangible assets, net of accumulated amortization | 6,766 | 1,170 |
| Trademarks, net of accumulated amortization | 15,700 | 15,771 |
| Goodwill | 53,643 | 53,643 |
| Debt issuance costs, net of accumulated amortization | 6,723 | 377 |
| Total assets | $2,042,067 | $1,895,641 |
| LIABILITIES, TEMPORARY EQUITY, AND EQUITY | ||
| Debt, net | $1,317,435 | $1,087,401 |
| Accounts payable and accrued liabilities | 38,113 | 28,978 |
| Due to affiliates | 362 | 416 |
| Distributions payable | 9,257 | 9,156 |
| Deferred tax liabilities | 5,954 | 6,194 |
| Total liabilities | 1,371,121 | 1,132,145 |
| Commitments and contingencies (Note 12) | ||
| Redeemable common stock | 62,042 | 71,277 |
| Preferred stock, $0.001 par value; 200,000,000 shares authorized: | ||
| Series A Convertible Preferred Stock, $0.001 par value; 200,000 shares authorized; 200,000 and 200,000 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively, with aggregate liquidation preferences of $203,400 and $203,151 at December 31, 2024 and December 31, 2023, respectively | 196,356 | 196,356 |
| Equity: | ||
| SmartStop Self Storage REIT, Inc.: | ||
| Class A common stock, $0.001 par value; 350,000,000 shares authorized; 87,883,268 and 88,761,135 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 89 | 89 |
| Class T common stock, $0.001 par value; 350,000,000 shares authorized; 8,153,863 and 8,113,827 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 8 | 8 |
| Additional paid-in capital | 895,118 | 894,857 |
| Distributions | (382,160) | (324,191) |
| Accumulated deficit | (185,649) | (167,270) |
| Accumulated other comprehensive income | (1,708) | 847 |
| Total SmartStop Self Storage REIT, Inc. equity | 325,698 | 404,340 |
| Noncontrolling interests in our Operating Partnership | 86,470 | 91,488 |
| Other noncontrolling interests | 380 | 35 |
| Total noncontrolling interests | 86,850 | 91,523 |
| Total equity | 412,548 | 495,863 |
| Total liabilities, temporary equity and equity | $2,042,067 | $1,895,641 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.