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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the quarterly period endedJune 30,2025 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 Commission File Number:001-42584 SmartStop Self Storage REIT, Inc. (Exact name of Registrant as specified in its charter) Maryland(State or other jurisdiction ofincorporation or organization) 46-1722812(IRS EmployerIdentification No.) 10 Terrace RoadLadera Ranch,California92694(Address of principal executive offices)(866)418-5144(Registrant’s telephone number)N/A(Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject tosuch filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerginggrowth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ FORM 10-QSMARTSTOP SELF STORAGE REIT, INC.TABLE OF CONTENTS Cautionary Note Regarding Forward-Looking Statements PART I.Item 1. Consolidated Financial Statements:Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 2024Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2025 and 2024(unaudited)Consolidated Statements of Comprehensive Loss for the Three and Six Months Ended June 30, 2025and 2024 (unaudited)Consolidated Statements of Equity and Temporary Equity for the Three Months Ended June 30, 2025and 2024 (unaudited)Consolidated Statements of Equity and Temporary Equity for the Six Months Ended June 30, 2025 and2024 (unaudited)Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 (unaudited)Notes to Consolidated Financial Statements (unaudited)Management’s Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures About Market RiskControls and Procedures PART II. Item 1.Item 1A.Item 2.Item 3.Item 4.Item 5.Item 6. Legal ProceedingsRisk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationExhibits CAUTIONARY NOTE REGARDINGFORWARD-LOOKING STATEMENTS Certain statements contained in this Form 10-Q of SmartStop Self Storage REIT, Inc., other than historical facts, may beconsidered forward-looking statements within the meaning of the federal securities laws, and we intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in such federalsecurities laws. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as“may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “seek,” “continue,” or other similar words, or the negative ofsuch terms or other comparable terminology, or by discussions of strategy. We may also make additional forward-lookingstatements from time to time. All such subsequent forward-looking statements, whether written or oral, by us or on our behalf, arealso expressly qualified by these cautionary statements. Such statements include, but are not limited to statements concerning our plans, strategies, initiatives, prospects, objectives,goals, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating toacquisitions and other information that is not historical information. Such statements are subject to known and unknown risks anduncertainties, which could cause actual results to differ materially from those projected or anticipated, including, without limitation: •disruptions in the economy, including debt and banking markets and