SMA at a glance
SmartStop Self Storage REIT, Inc. (SMA, SEC CIK 1585389) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on October 1, 2026 and Form 4 insider filings as recently as September 17, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), SmartStop Self Storage REIT, Inc. (SMA) reported revenue of $281.1 million (up 18.6% from FY2024) and a net loss of $8.8 million.
- As of June 30, 2026, 32 institutional investment managers tracked by SignalX reported holding SmartStop Self Storage REIT, Inc. (SMA) shares worth $916.1 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Mueller David J on September 16, 2026 of 425 shares at $32.05 per share.
- In the last 90 days, SMA insiders reported 0 open-market purchases ($0) and 4 open-market sales ($77K) on Form 4, a net sale of $77K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $281.1M
- +18.6% vs prior year
- Insiders · 90 days
- 0 buys · 4 sells
- Net −$77K
- 13F holders
- 32 funds
- $916.1M · +3 vs prior quarter
- Latest 8-K
- Oct 1, 2026
- Item 8.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business owning and operating self storage properties in top 100 US and Canadian MSAs, focused on high growth markets and cash flow maximization
- New acquisition of Argus Professional Storage Management, adding 221 managed properties and 400 employees, expanding third-party management platform significantly
- Strategic expansion through Managed Platform combining wholly-owned and third-party managed properties, scaling property management to 273 properties under management
- Registered underwritten public offering raised $875.6 million net proceeds; reverse stock split one-for-four completed March 2025 to consolidate equity structure
- Entry into multiple Canadian private placement notes totaling CAD $700 million with fixed interest rates maturing 2028 and 2030, enhancing diversified financing sources
Risk Factors
- Risk from CCPA/CPRA privacy regulations; new CPPA rules effective 1/1/2026 may increase compliance costs or reduce revenues
- Geographic concentration risk: high property concentration magnifies downturn effects in specific areas, affecting rental revenues
- Key-person risk: CEO owns 4.88% of Operating Partnership, influencing matters potentially adverse to stockholders
- Legal exposure from Managed REITs/Other Programs sponsorship; possible investor litigation risks from affiliated entities
- Interest rate risk: rising rates increase debt costs and reduce distribution capacity, threatening current distribution rate maintenance
Management Discussion & Analysis
- Revenue $249.5M in 2025 vs $219.0M in 2024, up 14%, driven by 17 acquisitions (+$25.8M non same-store) and 1.6% same-store growth (+$3.3M)
- Operating expense ratio 35% of self storage revenue in 2025 vs 32% in 2024; property operating expenses up $15.7M to $86.4M, including $3.6M IPO Grant costs
- Best segment: Managed Platform revenues $19.2M in 2025 vs $11.4M in 2024 (+$7.8M), with $2.9M from Third Party Platform acquisition; worst segment: Managed Platform expenses rose $5.8M to $9.8M, including $2.5M Third Party Platform costs
- Capital allocation: $875.6M net proceeds from Underwritten Public Offering used for acquisitions, $200M Series A Preferred redemption, $647.1M higher rate debt payoff; issued $700M CAD notes to reduce credit facility and interest costs; acquired Third Party Platform Oct 1, 2025
- Outlook: Expect continued growth from full-year Third Party Platform contribution, managed platform expansion, and fluctuations in self storage revenues influenced by economic environment and supply; no material tax impact expected from recent tax law changes
AI summary of the SMA 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No material changes to risk factors from the 2025 Annual Report
- Carried-forward risk details unavailable in the provided section
- No newly triggered regulatory, legal, compliance, operational, competitive, market, or financial risks disclosed
AI summary of the SMA 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- October 2026 dividend declared at $0.13589041 per share
- Targeted annualized dividend of $1.60 per share
Item 7.01: Regulation FD Disclosure
- Reg FD filing furnishes Exhibits 99.1 and 99.2 as investor disclosures
- Information excluded from Section 18 liability and incorporation by reference
Item EX-99.1: Item EX-99.1
- ~$140M strategic investments across Canada and the U.S., expanding scale while targeting leverage-neutral growth
- Canadian JV investment of ~$54M adds 14 properties, 961,000 square feet, 9,600 units, and 50% GP ownership
Item 7.01: Regulation FD Disclosure
- Signature block only; no substantive Regulation FD disclosure
- CFO and Treasurer James R. Barry signed the filing on September 9, 2026
AI summaries of SMA 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for SMA
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Mueller David J | Sell | Sep 16, 2026 | 425 | $32.05 |
| Mueller David J | Sell | Aug 17, 2026 | 425 | $33.70 |
| Look Nicholas | Sell | Aug 14, 2026 | 1,025 | $34.36 |
| Mueller David J | Sell | Jul 16, 2026 | 425 | $33.38 |
| Gotcheva Lora A. | A | Jun 23, 2026 | 3,075 | - |
| Perry Harold | A | Jun 23, 2026 | 3,230 | - |
| Morris Timothy S. | A | Jun 23, 2026 | 3,075 | - |
| Mueller David J | A | Jun 23, 2026 | 3,230 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $237.0M | $281.1M |
| Gross Profit | $158.5M | $155.7M | $172.5M |
| Operating Income | $70.6M | $69.2M | $59.1M |
| Net Income | -$2.7M | -$18.4M | -$8.8M |
| Gross Margin | - | 65.7% | 61.3% |
| Op. Margin | - | 29.2% | 21.0% |
| Net Margin | - | -7.8% | -3.1% |
| Balance Sheet | |||
| Total Assets | - | $2.0B | $2.4B |
| Equity | - | $325.7M | $1.2B |
| ROE | - | -5.6% | -0.7% |
| Per Share | |||
| EPS | $-0.03 | $-0.20 | - |
| Cash Flow | |||
| Operating CF | $73.2M | $64.0M | $85.0M |
Source: XBRL data in SmartStop Self Storage REIT, Inc. (SMA)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate SMA share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 32 | $916.1M |
| Q1 2026 | 29 | $890.4M |
| Q4 2025 | 25 | $671.8M |
| Q3 2025 | 26 | $641.5M |
| Q2 2025 | 22 | $626.3M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 134 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
SMA filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 1, 2026 | - | Analysis | - |
| 8-K | Sep 29, 2026 | - | Analysis | - |
| 4 | Sep 17, 2026 | - | - | - |
| 8-K | Sep 9, 2026 | - | Analysis | - |
| 8-K | Sep 3, 2026 | - | Analysis | - |
| 8-K | Aug 18, 2026 | - | Analysis | - |
| 4 | Aug 18, 2026 | - | - | - |
| 4 | Aug 18, 2026 | - | - | - |
| 8-K | Aug 13, 2026 | - | Analysis | - |
| 10-Q | Aug 7, 2026 | Jun 30, 2026 | Analysis | |
| SC 13G | Aug 5, 2026 | - | - | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| SC 13G | Jul 31, 2026 | - | - | |
| 8-K | Jul 21, 2026 | - | Analysis | - |
| 4 | Jul 16, 2026 | - | - | - |
| 8-K | Jul 1, 2026 | - | Analysis | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 4 | Jun 25, 2026 | - | - | - |
| 8-K | Jun 25, 2026 | - | Analysis | - |
| 4 | Jun 17, 2026 | - | - | - |
| 8-K | Jun 2, 2026 | - | Analysis | |
| 8-K | Jun 1, 2026 | - | - |
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SMA SEC filings: frequently asked questions
Are SMA insiders buying or selling?
In the last 90 days, SmartStop Self Storage REIT, Inc. (SMA) officers, directors and 10% owners reported no open-market purchases and 4 open-market sales worth $77,349 by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold SMA stock?
As of June 30, 2026, the largest SmartStop Self Storage REIT, Inc. (SMA) holders among the 13F filers tracked by SignalX were BlackRock ($176.0 million), T. Rowe Price Group ($171.3 million), Principal Financial Group ($104.2 million), Vanguard Portfolio Management LLC ($94.2 million), Goldman Sachs Group ($89.2 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was SMA's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), SmartStop Self Storage REIT, Inc. (SMA) reported revenue of $281.1 million (up 18.6% from FY2024) and a net loss of $8.8 million. The figures come from the XBRL data in the 10-K.
What are the main risks in SMA's latest 10-K?
In the 10-K filed February 27, 2026, SmartStop Self Storage REIT, Inc. (SMA) flagged: Risk from CCPA/CPRA privacy regulations; new CPPA rules effective 1/1/2026 may increase compliance costs or reduce revenues. Geographic concentration risk: high property concentration magnifies downturn effects in specific areas, affecting rental revenues. (AI summary of the Risk Factors section.)
What did SMA report in its latest 8-K?
SmartStop Self Storage REIT, Inc. (SMA) filed an 8-K on October 1, 2026 reporting Item 8.01 (Other Events). October 2026 dividend declared at $0.13589041 per share.
What are the latest SMA SEC filings?
SmartStop Self Storage REIT, Inc. (SMA) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on August 7, 2026, an 8-K current report on October 1, 2026 and a Form 4 insider filing on September 17, 2026.
What is SMA's SEC CIK number?
SmartStop Self Storage REIT, Inc. (SMA)'s SEC Central Index Key (CIK) is 1585389. EDGAR lists every SMA filing under that number.
Ask anything about SMA
The research agent reads SMA's filings, financials, insider trades and 13F holders, then answers with sources.