XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 8,556,713 $ 8,498,084 $ 16,713,185 $ 16,741,844
Operating expenses:        
Property operating expenses – affiliates 608,516 706,457 1,208,875 1,409,249
General and administrative 405,756 323,614 779,757 630,811
Depreciation 1,844,244 2,200,756 3,675,253 4,390,768
Intangible amortization expense       626,332
Total operating expenses 8,670,139 8,835,218 17,316,610 18,138,093
Gain on sale of real estate, net     12,101,937  
Income (loss) from operations (113,426) (337,134) 11,498,512 (1,396,249)
Other income (expense):        
Interest expense (1,990,145) (2,378,879) (3,943,653) (4,740,038)
Interest expense – debt issuance costs (95,082) (117,954) (190,163) (241,294)
Forgiveness of PPP Loans   1,971,157   1,971,157
Loss on extinguishment of debt     (1,985,602)  
Other 12,001 (41,693) 581,469 (63,099)
Net income (loss) (2,186,652) (904,503) 5,960,563 (4,469,523)
Less: Distributions to preferred unitholders in our Operating Partnership (310,577) (289,474) (612,558) (570,584)
Less: Accretion of preferred equity costs   (3,883)   (7,765)
Net loss (income) attributable to the noncontrolling interests in our Operating Partnership 3,479 2,178 (10,477) 10,081
Net income (loss) attributable to Strategic Student & Senior Housing Trust, Inc. common stockholders (2,493,750) (1,195,682) 5,337,528 (5,037,791)
Student Housing [Member]        
Revenues:        
Total revenues 1,055,296 1,957,132 2,253,206 3,978,619
Operating expenses:        
Property operating expenses 535,597 897,193 1,163,505 1,895,578
Senior Housing [Member]        
Revenues:        
Total revenues 7,501,417 6,540,952 14,459,979 12,763,225
Operating expenses:        
Property operating expenses $ 5,276,026 $ 4,707,198 $ 10,489,220 $ 9,185,355
Class A Common Stock [Member]        
Other income (expense):        
Net income (loss) per share - basic $ 0.19 $ (0.09) $ 0.41 $ (0.39)
Net income (loss) per share - diluted $ 0.19 $ (0.09) $ 0.41 $ (0.39)
Weighted average shares outstanding - basic 11,621,295 11,615,526 11,620,865 11,615,168
Weighted average shares outstanding - diluted 11,621,295 11,615,526 11,627,115 11,615,168
Class T Common Stock [Member]        
Other income (expense):        
Net income (loss) per share - basic $ (0.19) $ (0.09) $ 0.41 $ (0.39)
Net income (loss) per share - diluted $ (0.19) $ (0.09) $ 0.41 $ (0.39)
Weighted average shares outstanding - basic 77,598 77,598 77,598 77,598
Weighted average shares outstanding - diluted 77,598 77,598 77,598 77,598
Class W Common Stock [Member]        
Other income (expense):        
Net income (loss) per share - basic $ (0.19) $ (0.09) $ 0.41 $ (0.39)
Net income (loss) per share - diluted $ (0.19) $ (0.09) $ 0.41 $ (0.39)
Weighted average shares outstanding - basic 85,548 85,548 85,548 85,548
Weighted average shares outstanding - diluted 85,548 85,548 85,548 85,548
Class Y Common Stock [Member]        
Other income (expense):        
Net income (loss) per share - basic $ (0.19) $ (0.09) $ 0.41 $ (0.39)
Net income (loss) per share - diluted $ (0.19) $ (0.09) $ 0.41 $ (0.39)
Weighted average shares outstanding - basic 1,123,349 1,123,349 1,123,349 1,123,349
Weighted average shares outstanding - diluted 1,123,349 1,123,349 1,123,349 1,123,349
Class Z Common Stock [Member]        
Other income (expense):        
Net income (loss) per share - basic $ (0.19) $ (0.09) $ 0.41 $ (0.39)
Net income (loss) per share - diluted $ (0.19) $ (0.09) $ 0.41 $ (0.39)
Weighted average shares outstanding - basic 166,494 166,494 166,494 166,494
Weighted average shares outstanding - diluted 166,494 166,494 166,494 166,494