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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Self storage rental revenue $ 2,616,424 $ 448,149 $ 5,397,596 $ 575,996
Ancillary operating revenue 25,347 7,217 70,253 16,030
Total revenues 2,641,771 455,366 5,467,849 592,026
Operating expenses:        
Property operating expenses 1,143,608 242,722 2,556,677 333,476
Property operating expenses – affiliates 558,360 89,805 1,235,607 131,146
General and administrative 551,885 287,305 1,582,971 513,789
Depreciation 1,342,091 210,018 2,940,413 304,376
Intangible amortization expense 610,992 109,444 1,307,786 151,294
Acquisition expense - affiliates 168,414 124,071 425,576 212,327
Other property acquisition expenses 136,345 176,497 679,677 428,014
Total operating expenses 4,511,695 1,239,862 10,728,707 2,074,422
Operating loss (1,869,924) (784,496) (5,260,858) (1,482,396)
Other income (expense):        
Interest expense (1,440,811) (249,145) (2,630,787) (381,247)
Interest expense – debt issuance costs (202,037) (9,294) (789,725) (9,294)
Equity in loss of unconsolidated affiliate       (57,104)
Other 176 344 (1,176) 749
Foreign currency adjustment (1,114,214) (112,289) (1,278,049) (135,618)
Net loss (4,626,810) (1,154,880) (9,960,595) (2,064,910)
Net loss attributable to the noncontrolling interests in our Operating Partnership 180,574 205,059 483,605 458,924
Net loss attributable to Strategic Storage Trust V1, Inc. common stockholders $ (4,446,236) $ (949,821) $ (9,476,990) $ (1,605,986)
Class P Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.33) $ (0.37) $ (0.90) $ (1.35)
Net loss per share-diluted $ (0.33) $ (0.37) $ (0.90) $ (1.35)
Weighted average shares outstanding - basic 10,733,250 2,596,112 9,549,798 1,185,267
Weighted average shares outstanding - diluted 10,733,250 2,596,112 9,549,798 1,185,267
Class A Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.33)   $ (0.90)  
Net loss per share-diluted $ (0.33)   $ (0.90)  
Weighted average shares outstanding - basic 957,515   383,363  
Weighted average shares outstanding - diluted 957,515   383,363  
Class T Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.33)   $ (0.90)  
Net loss per share-diluted $ (0.33)   $ (0.90)  
Weighted average shares outstanding - basic 1,535,885   554,899  
Weighted average shares outstanding - diluted 1,535,885   554,899  
Class W Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.33)   $ (0.90)  
Net loss per share-diluted $ (0.33)   $ (0.90)  
Weighted average shares outstanding - basic 135,536   55,425  
Weighted average shares outstanding - diluted 135,536   55,425