Strategic Student & Senior Housing Trust, Inc. Annual Report - How They Did This Year

This review looks at the annual report (Form 10-K) for Strategic Student & Senior Housing Trust, Inc. (SSSH Trust). We break down the company's performance, financial health, and plans for the year ending December 31, 2025. Our goal is to make this information easy for you to understand.

First Things First: Is This a Stock I Can Buy?

Before we dive into the details, you need to know if you can easily buy or sell SSSH Trust shares. Unlike stocks on major exchanges like the NYSE or Nasdaq, there is currently no established public market for SSSH Trust's shares. This matters a lot for anyone thinking of investing or who already has shares:

• Hard to Sell Shares: You cannot easily buy or sell these shares on an open exchange. You might face long delays or difficulty turning your investment into cash. This is because few buyers and sellers are readily available.
• Hard to Know the Value: Without constant public trading, there's no clear, market-set share price. The company usually values itself based on internal estimates of its properties. These estimates are professional, but they don't have the same independent market check as a publicly traded stock. So, it's hard for you to know the true value of your shares at any moment.
• How You Buy and Sell: You usually buy shares directly from the company through special offerings. Selling your investment often means the company must make periodic offers to buy back shares. These offers are not guaranteed. Or, you might need to find a private buyer yourself. You could also wait for a future event like the company going public or being sold. None of these options are guaranteed to happen. This is very different from publicly traded REITs, where you can easily buy and sell shares with clear pricing.

This annual report (Form 10-K) covers the company's performance for the year ending December 31, 2025. It focuses on the financial results and operations for that time.

The U.S. Securities and Exchange Commission (SEC) calls SSSH Trust a 'Smaller reporting company'. This means it has less than $250 million in publicly traded shares. Or, if it has no public shares (like SSSH Trust), it has less than $100 million in yearly income. This classification lets the company share less detailed financial and other information. Larger companies must report more. This eases the company's reporting load. But it also means less detailed data for you to review.

As of March 20, 2026, the company had about 13.1 million shares issued. These shares come in different types: Class A, T, W, Y, and Z. Even with these different classes, none trade publicly. This highlights the selling and valuation problems we mentioned. This total share count helps us understand the company's ownership setup.