SCHEDULE: BlackRock Portfolio Management Discloses 5.7% Stake in SmartStop Self Storage REIT
Beneficial Ownership Disclosure
BlackRock Portfolio Management LLC has disclosed a 5.7% beneficial ownership stake in SmartStop Self Storage REIT, Inc., holding 1,775,801 shares of common stock as of June 30, 2025.
Summary
- BlackRock Portfolio Management LLC reported beneficial ownership of 1,775,801 shares of SmartStop Self Storage REIT, Inc. common stock.
- This ownership represents 5.7% of the outstanding class of securities.
- The filing date for this Schedule 13G was July 15, 2025, based on an event date of June 30, 2025.
- BlackRock Portfolio Management LLC holds sole voting power over 1,489,387 shares and sole dispositive power over 1,775,801 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- BlackRock Portfolio Management LLC is classified as a parent holding company.
- BlackRock Investment Management, LLC, a subsidiary of BlackRock, Inc., is specifically identified as an entity that beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing disclosing an ownership stake. It does not contain positive or negative news about the issuer's performance or outlook, nor does it indicate any activist intent from the investor.
Future Outlook
NA
Management Comments
- The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.
Industry Context
This filing indicates a significant institutional investment by BlackRock, a major global asset manager, in a self-storage REIT. Such disclosures are routine for large asset managers crossing ownership thresholds and reflect ongoing portfolio management activities within the real estate investment trust sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock Portfolio Management LLC updated its Power of Attorney, effective July 1, 2025, revoking a previous one dated January 28, 2025. This document authorizes specific individuals to execute and file ownership or control-person reporting requirements on behalf of BlackRock and its affiliates. | 2025-07-01 | Streamlines regulatory filing processes for BlackRock by updating authorized signatories for compliance with ownership reporting requirements. |
Stakeholder Impact
- Shareholders of SmartStop Self Storage REIT, Inc. are informed of a significant institutional investor's stake, which can be viewed as a routine portfolio allocation by a large asset manager.
Key Dates
| Date | Description |
|---|---|
| 2025-01-28 | Previous Power of Attorney was dated and subsequently revoked by the new Power of Attorney. |
| 2025-06-30 | Date of event which requires filing of this statement, serving as the measurement date for ownership. |
| 2025-07-01 | Effective date of the new Power of Attorney for BlackRock Portfolio Management LLC. |
| 2025-07-15 | Date of filing and signature of the Schedule 13G. |
Keywords
SmartStop Self Storage REIT, BlackRock Portfolio Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, REIT, SEC Filing, Ownership Disclosure
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