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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Self storage rental revenue $ 7,870,022 $ 7,236,715 $ 22,786,515 $ 20,761,136
Ancillary operating revenue 47,797 47,287 151,302 136,165
Total revenues 7,917,819 7,284,002 22,937,817 20,897,301
Operating expenses:        
Property operating expenses 2,821,004 2,762,121 8,591,535 8,456,260
Property operating expenses – affiliates 1,332,529 1,303,465 3,904,248 3,871,108
General and administrative 1,450,036 1,470,060 4,831,973 4,617,858
Depreciation 3,236,492 3,196,083 9,634,973 9,543,705
Intangible amortization expense   654,050   2,532,196
Acquisition expense - affiliates 76,580 130,311 289,112 444,364
Other property acquisition expenses 5,956 67,441 63,034 171,283
Total operating expenses 8,922,597 9,583,531 27,314,875 29,636,774
Operating loss (1,004,778) (2,299,529) (4,377,058) (8,739,473)
Other income (expense):        
Interest expense (4,281,079) (4,458,658) (12,564,571) (13,701,532)
Interest expense - debt issuance costs (190,331) (272,173) (859,246) (826,098)
Derivative fair value adjustment   (1,849,878) (531,449) (86,205)
Other income, net 28,770 85,233 97,953 430,381
Equity in loss of unconsolidated real estate ventures (604,294)   (1,211,896)  
Foreign currency adjustment (2,206,593) 818,394 902,170 (2,539,244)
Net loss (8,258,305) (7,976,611) (18,544,097) (25,462,171)
Less: Distributions to preferred stockholders (3,156,987) (3,148,361) (9,368,014) (9,399,516)
Less: Distributions to preferred unitholders in our Operating Partnership (87,500)   (87,500)  
Net loss attributable to the noncontrolling interests in our Operating Partnership 166,105 181,273 379,236 609,423
Net loss attributable to Strategic Storage Trust V1, Inc. common stockholders $ (11,336,687) $ (10,943,699) $ (27,620,375) $ (34,252,264)
Class P Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Net loss per share-diluted $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Weighted average shares outstanding - basic 11,398,457 11,208,277 11,389,603 11,170,643
Weighted average shares outstanding - diluted 11,398,457 11,208,277 11,389,603 11,170,643
Class A Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Net loss per share-diluted $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Weighted average shares outstanding - basic 3,308,799 3,372,159 3,369,323 3,364,818
Weighted average shares outstanding - diluted 3,308,799 3,372,159 3,369,323 3,364,818
Class T Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Net loss per share-diluted $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Weighted average shares outstanding - basic 5,411,801 5,343,460 5,401,444 5,323,178
Weighted average shares outstanding - diluted 5,411,801 5,343,460 5,401,444 5,323,178
Class W Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Net loss per share-diluted $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Weighted average shares outstanding - basic 713,750 700,079 711,238 695,342
Weighted average shares outstanding - diluted 713,750 700,079 711,238 695,342
Class Y Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Net loss per share-diluted $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Weighted average shares outstanding - basic 5,400,038 2,770,034 4,963,565 1,867,148
Weighted average shares outstanding - diluted 5,400,038 2,770,034 4,963,565 1,867,148
Class Z Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Net loss per share-diluted $ (0.42) $ (0.46) $ (1.05) $ (1.52)
Weighted average shares outstanding - basic 572,648 171,225 474,119 142,804
Weighted average shares outstanding - diluted 572,648 171,225 474,119 142,804