SmartStop Self Storage REIT Files Regulation FD Disclosure 8-K

TL;DR

**SmartStop just dropped an 8-K for Regulation FD, meaning they're leveling the info playing field for everyone.**

AI Summary

SmartStop Self Storage REIT, Inc. filed an 8-K on January 8, 2024, under Regulation FD Disclosure. This filing indicates that the company is making a public disclosure of material non-public information, ensuring all investors receive it simultaneously. For shareholders, this means the company is committed to transparent communication, which can build trust and potentially stabilize stock value by preventing information asymmetry.

Why It Matters

This filing ensures that all investors, from large institutions to individual shareholders, receive important company information at the same time, promoting fairness and transparency in the market.

Risk Assessment

Risk Level: low — This 8-K filing is a standard disclosure under Regulation FD, indicating transparency rather than a specific negative event, thus posing low risk.

Analyst Insight

A smart investor would view this filing as a positive sign of good corporate governance and transparency, but it doesn't provide new financial data to directly influence buying or selling decisions. It's a 'no news is good news' type of filing.

Key Numbers

• 000-55617 — Commission File Number (identifies SmartStop Self Storage REIT, Inc. with the SEC)
• 46-1722812 — IRS Employer Identification No. (identifies SmartStop Self Storage REIT, Inc. for tax purposes)
• 949 429 6600 — Business Phone (contact number for SmartStop Self Storage REIT, Inc.)

Key Players & Entities

• SmartStop Self Storage REIT, Inc. (company) — the registrant filing the 8-K
• January 8, 2024 (date) — the date of the earliest event reported and filing date
• Maryland (company) — state of incorporation for SmartStop Self Storage REIT, Inc.
• Ladera Ranch, California (company) — location of SmartStop Self Storage REIT, Inc.'s principal executive offices

Forward-Looking Statements

• SmartStop Self Storage REIT, Inc. will continue to prioritize transparent communication with investors. (SmartStop Self Storage REIT, Inc.) — high confidence, target: 2025-01-08

FAQ

Key Financial Figures

• $1.62 — ber 31, 2023 and December 31, 2022 were $1.62 and $1.78 on a monthly basis, respectiv
• $1.78 — 23 and December 31, 2022 were $1.62 and $1.78 on a monthly basis, respectively. &#x
• $1.60 — ber 31, 2023 and December 31, 2022 were $1.60 and $1.61 on a monthly basis, respectiv
• $1.61 — 23 and December 31, 2022 were $1.60 and $1.61 on a monthly basis, respectively. Pur

Filing Documents

• ck0001585389-20240108.htm (8-K) — 40KB
• 0000950170-24-002851.txt ( ) — 145KB
• ck0001585389-20240108.xsd (EX-101.SCH) — 25KB
• ck0001585389-20240108_htm.xml (XML) — 4KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On January 8, 2024, SmartStop Self Storage REIT, Inc. (the “Company”) provided the following metrics for the Company’s 2023 same-store facilities (stabilized and comparable properties that have been included in the consolidated results of operations since January 1, 2022, excluding two other properties): • Physical occupancy as of December 31, 2023 and December 31, 2022 was 92.3% and 93.0%, respectively. • Asking rates per square foot as of December 31, 2023 and December 31, 2022 were $1.62 and $1.78 on a monthly basis, respectively. • In-place rates per square foot as of December 31, 2023 and December 31, 2022 were $1.60 and $1.61 on a monthly basis, respectively. Pursuant to the rules and regulations of the Securities and Exchange Commission, the information in this Item 7.01 disclosure is deemed to have been furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing. Signature(s) Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SMARTSTOP SELF STORAGE REIT, Inc. Date: January 8, 2024 By: /s/ James R. Barry James R. Barry Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR