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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Self storage rental revenue $ 7,612,852 $ 6,946,834 $ 14,916,493 $ 13,524,421
Ancillary operating revenue 57,788 49,554 103,505 88,878
Total revenues 7,670,640 6,996,388 15,019,998 13,613,299
Operating expenses:        
Property operating expenses 2,831,451 2,765,425 5,770,531 5,694,139
Property operating expenses – affiliates 1,331,452 1,287,048 2,571,719 2,567,643
General and administrative 1,678,129 1,593,060 3,381,937 3,147,798
Depreciation 3,280,079 3,172,390 6,398,481 6,347,622
Intangible amortization expense   838,548   1,878,146
Acquisition expense - affiliates 104,656 135,630 212,532 314,053
Other property acquisition expenses 43,058 49,801 57,078 103,842
Total operating expenses 9,268,825 9,841,902 18,392,278 20,053,243
Operating loss (1,598,185) (2,845,514) (3,372,280) (6,439,944)
Other income (expense):        
Interest expense (4,176,197) (4,532,579) (8,283,492) (9,242,874)
Interest expense - debt issuance costs (180,518) (277,667) (668,915) (553,925)
Derivative fair value adjustment   147,357 (531,449) 1,763,673
Other income (expense) (9,829) 157,331 69,183 345,149
Equity in loss of unconsolidated real estate ventures (385,074)   (607,602)  
Foreign currency adjustment 3,304,699 (1,151,535) 3,108,763 (3,357,638)
Net loss (3,045,104) (8,502,607) (10,285,792) (17,485,559)
Less: Distributions to preferred stockholders (3,122,671) (3,085,113) (6,211,027) (6,251,155)
Net loss attributable to the noncontrolling interests in our Operating Partnership 60,396 202,777 213,131 428,150
Net loss attributable to Strategic Storage Trust V1, Inc. common stockholders $ (6,107,379) $ (11,384,943) $ (16,283,688) $ (23,308,564)
Class P Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Net loss per share-diluted $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Weighted average shares outstanding - basic 11,409,948 11,163,181 11,385,103 11,150,159
Weighted average shares outstanding - diluted 11,409,948 11,163,181 11,385,103 11,150,159
Class A Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Net loss per share-diluted $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Weighted average shares outstanding - basic 3,409,389 3,369,755 3,399,741 3,360,831
Weighted average shares outstanding - diluted 3,409,389 3,369,755 3,399,741 3,360,831
Class T Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Net loss per share-diluted $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Weighted average shares outstanding - basic 5,405,833 5,322,378 5,396,180 5,291,281
Weighted average shares outstanding - diluted 5,405,833 5,322,378 5,396,180 5,291,281
Class W Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Net loss per share-diluted $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Weighted average shares outstanding - basic 712,450 695,344 709,961 687,983
Weighted average shares outstanding - diluted 712,450 695,344 709,961 687,983
Class Y Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Net loss per share-diluted $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Weighted average shares outstanding - basic 5,068,605 1,872,410 4,721,402 1,406,340
Weighted average shares outstanding - diluted 5,068,605 1,872,410 4,721,402 1,406,340
Class Z Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Net loss per share-diluted $ (0.23) $ (0.5) $ (0.63) $ (1.06)
Weighted average shares outstanding - basic 480,721 143,445 424,038 114,803
Weighted average shares outstanding - diluted 480,721 143,445 424,038 114,803