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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Self storage rental revenue $ 28,054,695 $ 20,990,999 $ 8,698,972
Ancillary operating revenue 183,838 169,065 91,035
Total revenues 28,238,533 21,160,064 8,790,007
Operating expenses:      
Property operating expenses 11,016,594 9,190,888 3,835,556
Property operating expenses – affiliates 5,130,574 4,625,560 1,899,807
General and administrative 5,832,673 5,290,049 2,289,610
Depreciation 12,762,435 10,542,315 4,526,912
Intangible amortization expense 3,038,119 4,437,083 2,064,048
Acquisition expense - affiliates 589,216 564,746 573,899
Other property acquisition expenses 188,039 1,037,225 874,679
Total operating expenses 38,557,650 35,687,866 16,064,511
Operating loss (10,319,117) (14,527,802) (7,274,504)
Other income (expense):      
Interest expense (18,049,353) (16,104,501) (4,865,029)
Interest expense – debt issuance costs (1,278,578) (1,499,924) (1,097,941)
Derivative fair value adjustment 184,425 (1,881,402)  
Other 397,743 546,615 2
Foreign currency adjustment (6,513,187) 528,949 (1,142,611)
Net loss (35,578,067) (32,938,065) (14,380,083)
Less: Distributions to preferred unitholders in our Operating Partnership   (271,250)  
Less: Distributions to preferred stockholders (12,547,877) (8,350,000)  
Less: Accretion of preferred equity costs   (189,920)  
Net loss attributable to the noncontrolling interests in our Operating Partnership 831,693 968,721 637,728
Net loss attributable to Strategic Storage Trust V1, Inc. common stockholders $ (47,294,251) $ (40,780,514) $ (13,742,355)
Class P Common Stock      
Other income (expense):      
Net loss per share-basic $ (2.05) $ (2.19) $ (1.16)
Net loss per share-diluted $ (2.05) $ (2.19) $ (1.16)
Weighted average shares outstanding - basic 11,192,681 10,982,858 9,866,463
Weighted average shares outstanding - diluted 11,192,681 10,982,858 9,866,463
Class A Common Stock      
Other income (expense):      
Net loss per share-basic $ (2.05) $ (2.19) $ (1.16)
Net loss per share-diluted $ (2.05) $ (2.19) $ (1.16)
Weighted average shares outstanding - basic 3,368,248 2,619,151 747,639
Weighted average shares outstanding - diluted 3,368,248 2,619,151 747,639
Class T Common Stock      
Other income (expense):      
Net loss per share-basic $ (2.05) $ (2.19) $ (1.16)
Net loss per share-diluted $ (2.05) $ (2.19) $ (1.16)
Weighted average shares outstanding - basic 5,333,476 4,484,873 1,155,211
Weighted average shares outstanding - diluted 5,333,476 4,484,873 1,155,211
Class W Common Stock      
Other income (expense):      
Net loss per share-basic $ (2.05) $ (2.19) $ (1.16)
Net loss per share-diluted $ (2.05) $ (2.19) $ (1.16)
Weighted average shares outstanding - basic 697,349 505,476 92,916
Weighted average shares outstanding - diluted 697,349 505,476 92,916
Class Y Common Stock      
Other income (expense):      
Net loss per share-basic $ (2.05) $ (2.19)  
Net loss per share-diluted $ (2.05) $ (2.19)  
Weighted average shares outstanding - basic 2,295,360 20,629  
Weighted average shares outstanding - diluted 2,295,360 20,629  
Class Z Common Stock      
Other income (expense):      
Net loss per share-basic $ (2.05) $ (2.19)  
Net loss per share-diluted $ (2.05) $ (2.19)  
Weighted average shares outstanding - basic 184,295 1,354  
Weighted average shares outstanding - diluted 184,295 1,354