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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Self storage rental revenue $ 7,303,641 $ 6,577,587
Ancillary operating revenue 45,717 39,324
Total revenues 7,349,358 6,616,911
Operating expenses:    
Property operating expenses 2,939,080 2,928,714
Property operating expenses – affiliates 1,240,267 1,280,595
General and administrative 1,703,808 1,554,738
Depreciation 3,118,402 3,175,232
Intangible amortization expense 0 1,039,598
Acquisition expense - affiliates 107,876 178,423
Other property acquisition expenses 14,020 54,041
Total operating expenses 9,123,453 10,211,341
Operating loss (1,774,095) (3,594,430)
Other income (expense):    
Interest expense (4,107,295) (4,710,295)
Interest expense - debt issuance costs (488,397) (276,258)
Derivative fair value adjustment (531,449) 1,616,316
Other 79,014 187,818
Equity in loss of unconsolidated real estate venture (222,528)  
Foreign currency adjustment (195,936) (2,206,103)
Net loss (7,240,686) (8,982,952)
Less: Distributions to preferred stockholders (3,088,356) (3,166,042)
Net loss attributable to the noncontrolling interests in our Operating Partnership 152,735 225,373
Net loss attributable to Strategic Storage Trust V1, Inc. common stockholders $ (10,176,307) $ (11,923,621)
Class P Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.4) $ (0.55)
Net loss per share-diluted $ (0.4) $ (0.55)
Weighted average shares outstanding - basic 11,331,153 11,137,137
Weighted average shares outstanding - diluted 11,331,153 11,137,137
Class A Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.4) $ (0.55)
Net loss per share-diluted $ (0.4) $ (0.55)
Weighted average shares outstanding - basic 3,389,986 3,351,907
Weighted average shares outstanding - diluted 3,389,986 3,351,907
Class T Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.4) $ (0.55)
Net loss per share-diluted $ (0.4) $ (0.55)
Weighted average shares outstanding - basic 5,386,419 5,302,182
Weighted average shares outstanding - diluted 5,386,419 5,302,182
Class W Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.4) $ (0.55)
Net loss per share-diluted $ (0.4) $ (0.55)
Weighted average shares outstanding - basic 707,444 690,352
Weighted average shares outstanding - diluted 707,444 690,352
Class Y Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.4) $ (0.55)
Net loss per share-diluted $ (0.4) $ (0.55)
Weighted average shares outstanding - basic 4,372,891 940,270
Weighted average shares outstanding - diluted 4,372,891 940,270
Class Z Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.4) $ (0.55)
Net loss per share-diluted $ (0.4) $ (0.55)
Weighted average shares outstanding - basic 366,596 86,161
Weighted average shares outstanding - diluted 366,596 86,161