XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total revenues $ 34,927,831 $ 32,592,265 $ 30,055,980
Operating expenses:      
Property operating expenses – affiliates 2,018,569 1,984,186 1,943,352
General and administrative 2,240,127 2,441,031 1,718,876
Depreciation 5,359,748 5,671,415 5,584,240
Total operating expenses 35,190,385 33,647,367 30,890,068
Gain on sale of real estate, net     12,101,937
Income (loss) from operations (262,554) (1,055,102) 11,267,849
Other income (expense):      
Interest expense (5,297,133) (5,368,710) (5,439,744)
Interest expense – debt issuance costs (142,102) (142,105) (142,103)
Loss on extinguishment of debt     (1,985,602)
Other 50,236 147,631 606,608
Net income (loss) from continuing operations (5,651,553) (6,418,286) 4,307,008
Discontinued operations:      
Net loss from discontinued operations (2,348,183) (3,335,699) (3,581,657)
Loss on extinguishment of debt [1] (286,719)    
Gain on sale of real estate, net [2] 27,587,961    
Net income (loss) from discontinued operations 24,953,059 (3,335,699) (3,581,657)
Net income (loss) 19,301,506 (9,753,985) 725,351
Less: Distributions to preferred unitholders in our Operating Partnership (1,429,956) (1,341,278) (1,256,632)
Net (income) loss attributable to the noncontrolling interests in our Operating Partnership (35,941) 21,688 (2,963)
Net income (loss) attributable to Strategic Student & Senior Housing Trust, Inc. common stockholders 17,835,609 (11,073,575) (534,244)
Student Housing [Member]      
Revenues:      
Total revenues     147,935
Operating expenses:      
Property operating expenses     81,217
Senior Housing [Member]      
Revenues:      
Total revenues 34,927,831 32,592,265 29,908,045
Operating expenses:      
Property operating expenses $ 25,571,941 $ 23,550,735 $ 21,562,383
Class A Common Stock [Member]      
Net income (loss) per common share attributable to common shareholders - continuing operations:      
Net income (loss) per share - basic $ (0.54) $ (0.59) $ 0.23
Net income (loss) per share - diluted (0.54) (0.59) 0.23
Net income (loss) per common share attributable to common shareholders - discontinued operations:      
Net income (loss) per share - basic 1.9 (0.26) (0.27)
Net income (loss) per share - diluted 1.9 (0.26) (0.27)
Earnings Per Share [Abstract]      
Net income (loss) per share - basic 1.36 (0.85) (0.04)
Net income (loss) per share - diluted $ 1.36 $ (0.85) $ (0.04)
Weighted average shares outstanding - basic 11,627,985 11,625,584 11,622,536
Weighted average shares outstanding - diluted 11,627,985 11,625,584 11,628,786
Class T Common Stock [Member]      
Net income (loss) per common share attributable to common shareholders - continuing operations:      
Net income (loss) per share - basic $ (0.54) $ (0.59) $ 0.23
Net income (loss) per share - diluted (0.54) (0.59) 0.23
Net income (loss) per common share attributable to common shareholders - discontinued operations:      
Net income (loss) per share - basic 1.9 (0.26) (0.27)
Net income (loss) per share - diluted 1.9 (0.26) (0.27)
Earnings Per Share [Abstract]      
Net income (loss) per share - basic 1.36 (0.85) (0.04)
Net income (loss) per share - diluted $ 1.36 $ (0.85) $ (0.04)
Weighted average shares outstanding - basic 77,598 77,598 77,598
Weighted average shares outstanding - diluted 77,598 77,598 77,598
Class W Common Stock [Member]      
Net income (loss) per common share attributable to common shareholders - continuing operations:      
Net income (loss) per share - basic $ (0.54) $ (0.59) $ 0.23
Net income (loss) per share - diluted (0.54) (0.59) 0.23
Net income (loss) per common share attributable to common shareholders - discontinued operations:      
Net income (loss) per share - basic 1.9 (0.26) (0.27)
Net income (loss) per share - diluted 1.9 (0.26) (0.27)
Earnings Per Share [Abstract]      
Net income (loss) per share - basic 1.36 (0.85) (0.04)
Net income (loss) per share - diluted $ 1.36 $ (0.85) $ (0.04)
Weighted average shares outstanding - basic 85,548 85,548 85,548
Weighted average shares outstanding - diluted 85,548 85,548 85,548
Class Y Common Stock [Member]      
Net income (loss) per common share attributable to common shareholders - continuing operations:      
Net income (loss) per share - basic $ (0.54) $ (0.59) $ 0.23
Net income (loss) per share - diluted (0.54) (0.59) 0.23
Net income (loss) per common share attributable to common shareholders - discontinued operations:      
Net income (loss) per share - basic 1.9 (0.26) (0.27)
Net income (loss) per share - diluted 1.9 (0.26) (0.27)
Earnings Per Share [Abstract]      
Net income (loss) per share - basic 1.36 (0.85) (0.04)
Net income (loss) per share - diluted $ 1.36 $ (0.85) $ (0.04)
Weighted average shares outstanding - basic 1,123,349 1,123,349 1,123,349
Weighted average shares outstanding - diluted 1,123,349 1,123,349 1,123,349
Class Z Common Stock [Member]      
Net income (loss) per common share attributable to common shareholders - continuing operations:      
Net income (loss) per share - basic $ (0.54) $ (0.59) $ 0.23
Net income (loss) per share - diluted (0.54) (0.59) 0.23
Net income (loss) per common share attributable to common shareholders - discontinued operations:      
Net income (loss) per share - basic 1.9 (0.26) (0.27)
Net income (loss) per share - diluted 1.9 (0.26) (0.27)
Earnings Per Share [Abstract]      
Net income (loss) per share - basic 1.36 (0.85) (0.04)
Net income (loss) per share - diluted $ 1.36 $ (0.85) $ (0.04)
Weighted average shares outstanding - basic 166,494 166,494 166,494
Weighted average shares outstanding - diluted 166,494 166,494 166,494
[1] Includes the write off of the net debt issuance costs associated with the $34.5 million Fayetteville Mortgage Loan and the $25.4 million KeyBank Bridge Loans in conjunction with the sale of the Fayetteville property in July 2024, along with the loss on the settlement of the interest rate cap.
[2] Relates to the net gain on the sale of the Fayetteville property, which was sold on July 31, 2024.