XML 9 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Real estate facilities:    
Land $ 109,195,229 $ 109,097,324
Buildings 375,916,070 375,539,122
Site improvements 13,681,272 13,655,534
Real estate investment property, net 498,792,571 498,291,980
Accumulated depreciation (30,749,798) (27,645,170)
Real estate investment property, net of accumulated depreciation 468,042,773 470,646,810
Construction in process 11,138,675 9,144,864
Real estate facilities, net 479,181,448 479,791,674
Cash and cash equivalents 14,241,422 10,827,415
Restricted cash 2,615,217 6,738,149
Investments in unconsolidated real estate ventures (Note 4) 18,995,066 18,207,135
Other assets, net 11,932,251 13,564,907
Total assets 526,965,404 529,129,280
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Debt, net 278,152,442 274,056,356
Accounts payable and accrued liabilities 11,539,916 13,433,815
Distributions payable 4,389,378 4,409,505
Due to affiliates 16,859,809 13,877,191
Total liabilities 310,941,545 305,776,867
Commitments and contingencies (Note 10)
Strategic Storage Trust VI, Inc.:    
Preferred Stock, $0.001 par value; 200,000,000 shares authorized; $0 issued and outstanding at March 31, 2025 and December 31, 2024
Additional paid-in capital 214,160,380 207,773,199
Distributions (35,829,740) (32,142,866)
Accumulated deficit (121,568,570) (111,392,263)
Accumulated other comprehensive loss (5,736,815) (4,432,786)
Total Strategic Storage Trust IV, Inc. equity 51,051,240 59,830,423
Noncontrolling interests in our Operating Partnership (44,733) 225,081
Noncontrolling Series C Subordinated Units in our Operating Partnership 4,711,690 4,417,414
Total noncontrolling interest 4,666,957 4,642,495
Total equity 55,718,197 64,472,918
Total liabilities, temporary equity and equity 526,965,404 529,129,280
Series B Convertible Preferred Stock    
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Temporary equity, carrying amount 148,599,723 148,599,723
Class P Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 11,381 11,280
Class A Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 3,397 3,384
Class T Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 5,398 5,374
Class W Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 710 705
Class Y Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 4,710 4,050
Class Z Common Stock    
Strategic Storage Trust VI, Inc.:    
Common stock, value 389 346
Redeemable Common Stock    
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Temporary equity, carrying amount $ 11,705,939 $ 10,279,772