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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Self storage rental revenue $ 7,779,946 $ 7,303,641
Ancillary operating revenue 44,867 45,717
Total revenues 7,824,813 7,349,358
Operating expenses:    
Property operating expenses 3,237,485 2,939,080
Property operating expenses – affiliates 1,362,162 1,240,267
General and administrative 1,514,750 1,703,808
Depreciation 3,292,788 3,118,402
Acquisition expense - affiliates 128,280 107,876
Other property acquisition expenses 110,799 14,020
Total operating expenses 9,646,264 9,123,453
Operating loss (1,821,451) (1,774,095)
Other income (expense):    
Interest expense (4,132,099) (4,107,295)
Interest expense - debt issuance costs (159,852) (488,397)
Derivative fair value adjustment 0 (531,449)
Other income, net 21,913 79,014
Equity in loss of unconsolidated real estate ventures (813,829) (222,528)
Foreign currency adjustment (1,730,274) (195,936)
Net loss (8,635,592) (7,240,686)
Less: Distributions to preferred unitholders in our Operating Partnership (525,000) 0
Less: Distributions to preferred stockholders (3,088,356) (3,088,356)
Net loss attributable to the noncontrolling interests in our Operating Partnership 172,568 152,735
Net loss attributable to Strategic Storage Trust V1, Inc. common stockholders $ (12,076,380) $ (10,176,307)
Class P Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.45) $ (0.4)
Net loss per share-diluted $ (0.45) $ (0.4)
Weighted average shares outstanding - basic 11,481,374 11,331,153
Weighted average shares outstanding - diluted 11,481,374 11,331,153
Class A Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.45) $ (0.4)
Net loss per share-diluted $ (0.45) $ (0.4)
Weighted average shares outstanding - basic 3,263,920 3,389,986
Weighted average shares outstanding - diluted 3,263,920 3,389,986
Class T Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.45) $ (0.4)
Net loss per share-diluted $ (0.45) $ (0.4)
Weighted average shares outstanding - basic 5,461,907 5,386,419
Weighted average shares outstanding - diluted 5,461,907 5,386,419
Class W Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.45) $ (0.4)
Net loss per share-diluted $ (0.45) $ (0.4)
Weighted average shares outstanding - basic 723,052 707,444
Weighted average shares outstanding - diluted 723,052 707,444
Class Y Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.45) $ (0.4)
Net loss per share-diluted $ (0.45) $ (0.4)
Weighted average shares outstanding - basic 5,481,048 4,372,891
Weighted average shares outstanding - diluted 5,481,048 4,372,891
Class Z Common Stock    
Other income (expense):    
Net loss per share-basic $ (0.45) $ (0.4)
Net loss per share-diluted $ (0.45) $ (0.4)
Weighted average shares outstanding - basic 578,176 366,596
Weighted average shares outstanding - diluted 578,176 366,596