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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Self storage rental revenue $ 4,487,714 $ 1,842,784 $ 8,375,141 $ 2,781,172
Ancillary operating revenue 46,441 30,334 78,616 44,906
Total revenues 4,534,155 1,873,118 8,453,757 2,826,078
Operating expenses:        
Property operating expenses 2,067,652 934,796 3,868,833 1,413,069
Property operating expenses – affiliates 1,003,774 442,865 1,827,118 677,247
General and administrative 1,630,650 560,536 2,512,981 1,031,086
Depreciation 2,296,874 1,067,282 4,230,405 1,598,322
Intangible amortization expense 960,402 470,289 1,837,936 696,794
Acquisition expense - affiliates 142,727 127,024 280,899 257,162
Other property acquisition expenses 636,532 221,664 738,338 543,332
Total operating expenses 8,738,611 3,824,456 15,296,510 6,217,012
Operating loss (4,204,456) (1,951,338) (6,842,753) (3,390,934)
Other income (expense):        
Interest expense (3,438,534) (780,683) (6,563,722) (1,189,976)
Interest expense - debt issuance costs (603,077) (504,041) (811,620) (587,688)
Derivative fair value adjustment (104,453)   (104,453)  
Other 144,823 (644) 150,205 (1,352)
Foreign currency adjustment 1,066,664 (313,113) 598,510 (163,835)
Net loss (7,139,033) (3,549,819) (13,573,833) (5,333,785)
Less: Distributions to preferred unitholders in our Operating Partnership (93,333)   (271,250)  
Less: Distributions to preferred stockholders (2,087,500)   (2,087,500)  
Less: Accretion of preferred equity costs (174,072)   (189,920)  
Net loss attributable to the noncontrolling interests in our Operating Partnership 217,450 169,197 425,875 303,031
Net loss attributable to Strategic Storage Trust V1, Inc. common stockholders $ (9,276,488) $ (3,380,622) $ (15,696,628) $ (5,030,754)
Class P Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.53) $ (0.31) $ (0.92) $ (0.55)
Net loss per share-diluted $ (0.53) $ (0.31) $ (0.92) $ (0.55)
Weighted average shares outstanding - basic 10,953,437 10,636,369 10,917,182 8,948,264
Weighted average shares outstanding - diluted 10,953,437 10,636,369 10,917,182 8,948,264
Class A Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.53) $ (0.31) $ (0.92) $ (0.55)
Net loss per share-diluted $ (0.53) $ (0.31) $ (0.92) $ (0.55)
Weighted average shares outstanding - basic 2,177,481 181,845 2,052,715 91,425
Weighted average shares outstanding - diluted 2,177,481 181,845 2,052,715 91,425
Class T Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.53) $ (0.31) $ (0.92) $ (0.55)
Net loss per share-diluted $ (0.53) $ (0.31) $ (0.92) $ (0.55)
Weighted average shares outstanding - basic 3,953,677 111,933 3,651,993 56,276
Weighted average shares outstanding - diluted 3,953,677 111,933 3,651,993 56,276
Class W Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.53) $ (0.31) $ (0.92) $ (0.55)
Net loss per share-diluted $ (0.53) $ (0.31) $ (0.92) $ (0.55)
Weighted average shares outstanding - basic 471,366 29,278 391,750 14,706
Weighted average shares outstanding - diluted 471,366 29,278 391,750 14,706