SmartStop Self Storage REIT, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
View on SEC.govAbout this filing
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FY2025 · Filed Feb 27, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Real estate facilities: | ||
| Land | $541,330 | $480,539 |
| Buildings | 1,782,894 | 1,516,095 |
| Site improvements | 103,139 | 94,562 |
| 2,427,363 | 2,091,196 | |
| Accumulated depreciation | (366,447) | (305,132) |
| 2,060,916 | 1,786,064 | |
| Construction in process | 6,443 | 9,503 |
| Real estate facilities, net | 2,067,359 | 1,795,567 |
| Cash and cash equivalents | 54,224 | 23,112 |
| Restricted cash | 5,144 | 6,189 |
| Investments in unconsolidated real estate ventures (Note 6) | 36,694 | 38,797 |
| Investments in and advances to Managed REITs | 130,961 | 57,722 |
| Deferred tax assets | 3,182 | 4,310 |
| Other assets, net | 27,188 | 33,538 |
| Intangible assets, net of accumulated amortization | 18,358 | 6,766 |
| Trademarks, net of accumulated amortization | 15,700 | 15,700 |
| Goodwill | 69,974 | 53,643 |
| Debt issuance costs, net of accumulated amortization | 3,388 | 6,723 |
| Total assets | $2,432,172 | $2,042,067 |
| LIABILITIES, TEMPORARY EQUITY AND EQUITY | ||
| Debt, net | $1,098,248 | $1,317,435 |
| Accounts payable and accrued liabilities | 38,646 | 38,113 |
| Due to affiliates | — | 362 |
| Distributions payable | 8,796 | 9,257 |
| Deferred tax liabilities | 6,559 | 5,954 |
| Total liabilities | 1,152,249 | 1,371,121 |
| Commitments and contingencies (Note 14) | ||
| Redeemable common stock | — | 62,042 |
| Preferred stock, $0.001 par value; 50,000,000 and 200,000,000 shares authorized at December 31, 2025 and 2024, respectively: | ||
| Series A Convertible Preferred Stock, $0.001 par value; 0 and 200,000 shares authorized at December 31, 2025 and 2024, respectively; 0 and 200,000 shares issued and outstanding at December 31, 2025 and 2024, respectively, with aggregate liquidation preferences of $0 and $203,400 at December 31, 2025 and 2024, respectively | — | 196,356 |
| Equity: | ||
| SmartStop Self Storage REIT, Inc.: | ||
| Common Stock, $0.001 par value; 141,250,000 shares and 0 shares authorized at December 31, 2025 and 2024, respectively; 55,359,250 shares and 0 shares issued and outstanding at December 31, 2025 and 2024, respectively | 55 | — |
| Class A Common Stock, $0.001 par value; 31,250,000 shares and 350,000,000 shares authorized at December 31, 2025 and 2024, respectively; 0 and 21,970,817 shares issued and outstanding at December 31, 2025 and 2024, respectively | — | 89 |
| Class T Common Stock, $0.001 par value; 2,500,000 shares and 350,000,000 shares authorized at December 31, 2025 and 2024, respectively; 0 and 2,038,466 shares issued and outstanding at December 31, 2025 and 2024, respectively | — | 8 |
| Additional paid-in capital | 1,837,194 | 895,118 |
| Distributions | (463,165) | (382,160) |
| Accumulated deficit | (194,407) | (185,649) |
| Accumulated other comprehensive income (loss) | 733 | (1,708) |
| Total SmartStop Self Storage REIT, Inc. equity | 1,180,410 | 325,698 |
| Noncontrolling interests in our Operating Partnership | 99,513 | 86,470 |
| Other noncontrolling interests | — | 380 |
| Total noncontrolling interests | 99,513 | 86,850 |
| Total equity | 1,279,923 | 412,548 |
| Total liabilities, temporary equity and equity | $2,432,172 | $2,042,067 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.