XML 56 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Self storage rental revenue $ 80,526,461 $ 64,464,466 $ 48,109,145
Ancillary operating revenue 2,608,480 2,146,038 1,286,933
Total revenues 83,134,941 66,610,504 49,396,078
Operating expenses:      
Property operating expenses 28,350,412 25,878,556 19,402,185
Property operating expenses - affiliates 9,939,687 8,254,016 5,702,921
General and administrative 3,103,808 2,361,229 2,405,218
Depreciation 17,271,925 14,254,525 9,422,606
Intangible amortization expense 8,237,601 11,547,843 13,935,903
Property acquisition expenses - affiliates 1,869,974 2,415,200 5,706,838
Other property acquisition expenses 996,724 1,232,435 2,036,196
Total operating expenses 69,770,131 65,943,804 58,611,867
Operating income (loss) 13,364,810 666,700 (9,215,789)
Other income (expense):      
Interest expense (18,826,701) (17,813,762) (11,859,146)
Deferred financing amortization expense (1,966,395) (3,466,463) (1,331,514)
Equity in earnings of real estate ventures 847,143 887,551 852,728
Gain on sale of investment in unconsolidated joint venture   815,000  
Other (864,055) (104,168) (280,516)
Net loss (7,445,198) (19,015,142) (21,834,237)
Less: Net loss attributable to the noncontrolling interest in our Operating Partnership 35,799 83,435 118,601
Net (income) loss attributable to other noncontrolling interests (37,657) (42,005) 358,207
Net loss attributable to Strategic Storage Trust, Inc. $ (7,447,056) $ (18,973,712) $ (21,357,429)
Net loss per share - basic $ (0.15) $ (0.46) $ (0.68)
Net loss per share - diluted $ (0.15) $ (0.46) $ (0.68)
Weighted average shares outstanding - basic 50,982,783 41,103,477 31,243,109
Weighted average shares outstanding - diluted 50,982,783 41,103,477 31,243,109