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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Self storage rental revenue $ 7,988,252 $ 7,612,852 $ 15,768,198 $ 14,916,493
Ancillary operating revenue 55,025 57,788 99,892 103,505
Total revenues 8,043,277 7,670,640 15,868,090 15,019,998
Operating expenses:        
Property operating expenses 3,041,344 2,831,451 6,278,829 5,770,531
Property operating expenses – affiliates 1,373,546 1,331,452 2,735,708 2,571,719
General and administrative 1,738,455 1,678,129 3,253,205 3,381,937
Depreciation 3,368,222 3,280,079 6,661,010 6,398,481
Acquisition expense - affiliates 102,754 104,656 231,034 212,532
Other property acquisition expenses 522,008 43,058 632,807 57,078
Total operating expenses 10,146,329 9,268,825 19,792,593 18,392,278
Operating loss (2,103,052) (1,598,185) (3,924,503) (3,372,280)
Other income (expense):        
Interest expense (4,329,714) (4,176,197) (8,461,813) (8,283,492)
Interest expense - debt issuance costs (161,698) (180,518) (321,550) (668,915)
Derivative fair value adjustment 0 0 0 (531,449)
Other income, net 19,212 (9,829) 41,122 69,183
Equity in loss of unconsolidated real estate ventures (747,544) (385,074) (1,561,373) (607,602)
Foreign currency adjustment (2,143,430) 3,304,699 (3,873,704) 3,108,763
Net loss (9,466,226) (3,045,104) (18,101,821) (10,285,792)
Less: Distributions to preferred unitholders in our Operating Partnership (530,833) 0 (1,055,833) 0
Less: Distributions to preferred stockholders (3,134,249) (3,122,671) (6,222,605) (6,211,027)
Net loss attributable to the noncontrolling interests in our Operating Partnership 188,023 60,396 360,591 213,131
Net loss attributable to Strategic Storage Trust V1, Inc. common stockholders $ (12,943,285) $ (6,107,379) $ (25,019,668) $ (16,283,688)
Class P Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Net loss per share-diluted $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Weighted average shares outstanding - basic 11,537,218 11,409,948 11,509,451 11,385,103
Weighted average shares outstanding - diluted 11,537,218 11,409,948 11,509,451 11,385,103
Class A Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Net loss per share-diluted $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Weighted average shares outstanding - basic 3,285,496 3,409,389 3,274,871 3,369,755
Weighted average shares outstanding - diluted 3,285,496 3,409,389 3,274,871 3,369,755
Class T Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Net loss per share-diluted $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Weighted average shares outstanding - basic 5,488,698 5,405,833 5,475,377 5,396,180
Weighted average shares outstanding - diluted 5,488,698 5,405,833 5,475,377 5,396,180
Class W Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Net loss per share-diluted $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Weighted average shares outstanding - basic 727,087 712,450 725,081 709,961
Weighted average shares outstanding - diluted 727,087 712,450 725,081 709,961
Class Y Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Net loss per share-diluted $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Weighted average shares outstanding - basic 5,518,408 5,068,605 5,499,831 4,721,402
Weighted average shares outstanding - diluted 5,518,408 5,068,605 5,499,831 4,721,402
Class Z Common Stock        
Other income (expense):        
Net loss per share-basic $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Net loss per share-diluted $ (0.48) $ (0.23) $ (0.92) $ (0.63)
Weighted average shares outstanding - basic 580,900 480,721 579,546 424,038
Weighted average shares outstanding - diluted 580,900 480,721 579,546 424,038