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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Self storage rental revenue $ 3,887,427 $ 938,388
Ancillary operating revenue 32,175 14,572
Total revenues 3,919,602 952,960
Operating expenses:    
Property operating expenses 1,801,181 478,273
Property operating expenses – affiliates 823,344 234,382
General and administrative 882,331 470,550
Depreciation 1,933,531 531,040
Intangible amortization expense 877,534 226,505
Acquisition expense - affiliates 138,172 130,138
Other property acquisition expenses 101,806 321,668
Total operating expenses 6,557,899 2,392,556
Operating loss (2,638,297) (1,439,596)
Other income (expense):    
Interest expense (3,125,188) (409,293)
Interest expense – debt issuance costs (208,543) (83,647)
Other 5,382 (708)
Foreign currency adjustment (468,154) 149,278
Net loss (6,434,800) (1,783,966)
Less: Distributions to preferred unitholders in our Operating Partnership (177,917)  
Less: Accretion of preferred equity costs (15,848)  
Net loss attributable to the noncontrolling interests in our Operating Partnership 208,425 133,834
Net loss attributable to Strategic Storage Trust V1, Inc. common stockholders $ (6,420,140) $ (1,650,132)
Class P Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.39) $ (0.23)
Net loss per share-diluted $ (0.39) $ (0.23)
Weighted average shares outstanding - basic 10,880,524 7,241,403
Weighted average shares outstanding - diluted 10,880,524 7,241,403
Class A Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.39)  
Net loss per share-diluted $ (0.39)  
Weighted average shares outstanding - basic 1,926,563  
Weighted average shares outstanding - diluted 1,926,563  
Class T Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.39)  
Net loss per share-diluted $ (0.39)  
Weighted average shares outstanding - basic 3,346,957  
Weighted average shares outstanding - diluted 3,346,957  
Class W Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.39)  
Net loss per share-diluted $ (0.39)  
Weighted average shares outstanding - basic 311,249  
Weighted average shares outstanding - diluted 311,249