SRSEC Reporting Desk

SmartStop Self Storage REIT, Inc. (SMA)

CIK 1585389 · EDGAR correspondence

DateCompanyTypeOutcomeIssues
2026-04-29SmartStop Self Storage REIT, Inc. (SMA)SEC staff letterReview completed (no further comments)
2026-04-24SmartStop Self Storage REIT, Inc. (SMA)Company responseRespondedNon-GAAP: Reconciliation & UsefulnessFair Value & InvestmentsFinancial Statement Requirements (Reg S-X)
2026-04-14SmartStop Self Storage REIT, Inc. (SMA)SEC staff letter2 staff comment(s) issuedNon-GAAP: Reconciliation & UsefulnessFair Value & InvestmentsFinancial Statement Requirements (Reg S-X)

Comments & responses

2026-04-14 · Form 10-K for the fiscal year ended December 31, 2025 Form 8-K filed February 25, 2026 · Comment 1 · Note 6. Investments in Unconsolidated Real Estate Ventures, page F-31 Responded
Staff comment: Please tell us your consideration of providing financial statements pursuant to Rule 3-09 of Regulation S-X and summarized financial information pursuant to Rule 4-08(g) of Regulation S-X and ASC 323-10-50-3c for your equity method investments in unconsolidated real estate ventures and managed REITs. letter →
Company response: In our consideration of providing financial statements or summarized financial information for our equity method investments in our unconsolidated real estate ventures and Managed REITs, we evaluated and performed the requisite calculations pursuant to Rule 3-09 of Regulation S-X (“Rule 3-09”) and Rule 4-08(g) of Regulation S-X (“Rule 4-08(g)”). With respect to the Investment Test and Income Test required by Rule 3-09, we determined that none of our equity method investments were in excess of the 20% thresholds. Therefore, separate financial statements of the equity method investees were not required. Similarly, with respect to the Investment Test, Asset Test and Income Test, in accordance… response letter →
Fair Value & InvestmentsFinancial Statement Requirements (Reg S-X)
2026-04-14 · Form 10-K for the fiscal year ended December 31, 2025 Form 8-K filed February 25, 2026 · Comment 2 · Outlook for Full Year 2026, page 14 Agreed to revise
Staff comment: We note that you disclose full year 2026 guidance for non-GAAP measures, including Net operating income, Managed REIT EBITDA and Third-party platform adjusted EBITDA, without providing a reconciliation to the most directly related GAAP measure. In future filings, please include such reconciliation or, alternatively, provide a statement that the information could not be presented without unreasonable efforts under Item 10(e)(1)(i)(B) of Regulation S-K. Refer also to Questions 102.10(a) and 102.10(b) of the Corporation Finance Interpretations ("CFIs") for Non-GAAP Financial Measures. letter →
Company response: We acknowledge the Staff’s comment and confirm that in future filings, we will provide such reconciliations or, alternatively, if applicable, provide a statement that the information could not be presented without unreasonable efforts under Item 10(e)(1)(i)(B) of Regulation S-K, as applicable. response letter →
Non-GAAP: Reconciliation & Usefulness

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