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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Self storage rental revenue $ 1,842,784 $ 127,847 $ 2,781,172 $ 127,847
Ancillary operating revenue 30,334 8,816 44,906 8,816
Total revenues 1,873,118 136,663 2,826,078 136,663
Operating expenses:        
Property operating expenses 934,796 90,754 1,413,069 90,754
Property operating expenses – affiliates 442,865 41,341 677,247 41,341
General and administrative 560,536 226,488 1,031,086 226,488
Depreciation 1,067,282 94,358 1,598,322 94,358
Intangible amortization expense 470,289 41,850 696,794 41,850
Acquisition expense - affiliates 127,024 88,256 257,162 88,256
Other property acquisition expenses 221,664 251,517 543,332 251,517
Total operating expenses 3,824,456 834,564 6,217,012 834,564
Operating loss (1,951,338) (697,901) (3,390,934) (697,901)
Other income (expense):        
Interest expense (780,683) (132,102) (1,189,976) (132,102)
Interest expense – debt issuance costs (504,041)   (587,688)  
Equity in loss of unconsolidated affiliate   (56,943)   (57,104)
Other (644) 406 (1,352) 406
Foreign currency adjustment (313,113) (23,329) (163,835) (23,329)
Net loss (3,549,819) (909,869) (5,333,785) (910,030)
Net loss attributable to the noncontrolling interests in our Operating Partnership 169,197 253,865 303,031 253,865
Net loss attributable to Strategic Storage Trust V1, Inc. common stockholders $ (3,380,622) $ (656,004) $ (5,030,754) $ (656,165)
Class P Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.31) $ (0.70) $ (0.55) $ (1.40)
Net loss per share-diluted $ (0.31) $ (0.70) $ (0.55) $ (1.40)
Weighted average shares outstanding - basic 10,636,369 930,945 8,948,264 468,152
Weighted average shares outstanding - diluted 10,636,369 930,945 8,948,264 468,152
Class A Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.31)   $ (0.55)  
Net loss per share-diluted $ (0.31)   $ (0.55)  
Weighted average shares outstanding - basic 181,845   91,425  
Weighted average shares outstanding - diluted 181,845   91,425  
Class T Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.31)   $ (0.55)  
Net loss per share-diluted $ (0.31)   $ (0.55)  
Weighted average shares outstanding - basic 111,933   56,276  
Weighted average shares outstanding - diluted 111,933   56,276  
Class W Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.31)   $ (0.55)  
Net loss per share-diluted $ (0.31)   $ (0.55)  
Weighted average shares outstanding - basic 29,278   14,706  
Weighted average shares outstanding - diluted 29,278   14,706