Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2025

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure

					Initial Cost to Company									Gross Carrying Amount at December 31, 2025
Description	ST		Encumbrance(2)		Land		Building and Improvements		Total		Cost Capitalized Subsequent to acquisition			Land		Building and Improvements		Total(1)		Accumulated Depreciation			Construction in process		Date of Construction		Date Acquired
Phoenix		AZ	$	7,416,008	$	2,171,375	$	13,783,862	$	15,955,237	$	399,617		$	2,171,375	$	14,183,479	$	16,354,854	$	(2,204,401	)	$	4,850		2020		5/1/2021
Las Vegas		NV		6,263,520		1,468,351		6,541,089		8,009,440		142,816			1,468,352		6,683,905		8,152,257		(1,117,957	)		—		2020		6/1/2021
Surprise		AZ		7,365,900		1,742,097		11,324,006		13,066,103		319,652			1,742,097		11,643,658		13,385,755		(1,696,009	)		—		2017		8/26/2021
Phoenix II		AZ		5,762,439		806,933		10,333,050		11,139,983		417,331			806,933		10,750,381		11,557,314		(1,381,149	)		—		2021		11/30/2021
Bradenton		FL		9,120,000		2,293,357		13,212,166		15,505,523		244,339			2,293,357		13,456,505		15,749,862		(1,693,022	)		57,322		2020		12/30/2021
Apopka		FL		10,372,389		2,329,786		9,125,103		11,454,889		6,113,670			2,329,786		15,238,773		17,568,559		(1,507,216	)		325,192		2021		12/30/2021
Vancouver		WA		13,000,000		1,422,900		23,189,404		24,612,304		307,081			1,422,900		23,496,485		24,919,385		(2,630,460	)		12,795		2020		3/29/2022
Portland		OR		6,889,872		4,298,103		10,618,441		14,916,544		325,049			4,298,103		10,943,490		15,241,593		(1,291,750	)		2,511		1975 /2020		3/31/2022
Newark		DE		9,570,659		2,167,103		17,837,346		20,004,449		399,934			2,167,103		18,237,280		20,404,383		(2,070,258	)		5,525		2021		4/26/2022
Levittown		PA		9,069,577		3,495,978		17,668,979		21,164,957		343,434			3,495,978		18,012,413		21,508,391		(2,065,209	)		—		2021		4/26/2022
Chandler		AZ		11,474,769		4,795,960		20,555,792		25,351,752		309,407			4,795,960		20,865,199		25,661,159		(2,759,276	)		1,617		1996 /2022		5/17/2022
St. Johns		FL		7,466,116		3,708,927		10,458,678		14,167,605		353,645			3,708,927		10,812,323		14,521,250		(1,271,117	)		—		2006 /2007		7/8/2022
Burlington		ONT		11,920,664		10,638,348		15,548,407		26,186,755		293,555	(3)		10,514,378		15,841,962		26,356,340		(1,779,605	)		—		1979 /2001		9/20/2022
Oxford		FL		5,286,411		1,311,463		9,406,248		10,717,711		514,743			1,311,463		9,920,991		11,232,454		(1,252,165	)		9,018		2001		9/21/2022
Cambridge		ONT		12,053,116		7,537,977		19,075,728		26,613,705		108,367	(3)		7,450,136		19,184,095		26,634,231		(2,136,744	)		1,113		1965 /2019		12/20/2022
Edmonton		AB		4,966,944		910,770		10,287,301		11,198,071		(194,863	)(3)		889,193		10,092,438		10,981,631		(877,938	)		3,909		1955 /2022		1/31/2023
North York		ONT		17,020,059		14,498,382		24,808,502		39,306,884		(475,391	)(3)		14,154,892		24,333,111		38,488,003		(2,258,673	)		155,033		1986 /2020		1/31/2023
Bradenton II		FL		—		1,390,987		—		1,390,987		—			1,404,487		—		1,404,487		—			3,828,957		N/A		2/16/2023
Etobicoke		ONT		7,617,239		1,749,931		—		1,749,931		—			1,748,589		—		1,748,589		—			13,215,975		N/A		3/27/2023
Vancouver		BC		16,411,131		5,598,559		27,315,073		32,913,632		578,693	(3)		5,546,094		27,893,766		33,439,860		(2,123,809	)		13,007		2022		5/4/2023
Mississauga		ONT		19,715,046		11,551,853		19,595,103		31,146,956		(575,026	)(3)		11,129,206		19,020,077		30,149,283		(1,454,674	)		—		1960 /2016		6/19/2023
Mississauga II		ONT		18,887,260		5,881,560		29,818,866		35,700,426		(931,096	)(3)		5,666,372		28,887,770		34,554,142		(2,168,988	)		13,519		2022		6/19/2023
Burlington II		ONT		9,770,768		9,663,636		9,236,614		18,900,250		(245,460	)(3)		9,310,072		8,991,154		18,301,226		(725,414	)		3,134,727		1982 /2020		6/19/2023
Toronto		ONT		22,050,198		4,064,015		34,925,565		38,989,580		(1,170,079	)(3)		3,915,324		33,755,486		37,670,810		(2,486,156	)		63,195		2018		6/19/2023
Hamilton		ONT		5,078,775		2,065,522		7,202,860		9,268,382		(57,265	)(3)		1,989,950		7,145,595		9,135,545		(575,842	)		16,241		1900 /2020		6/19/2023
Woodbridge		ONT		15,308,622		7,299,353		20,977,259		28,276,612		(617,407	)(3)		7,032,292		20,359,852		27,392,144		(1,519,641	)		24,107		2017		6/19/2023
Total			$	269,857,482	$	114,863,226	$	392,845,442	$	507,708,668	$	6,904,746		$	112,763,319	$	399,750,188	$	512,513,507	$	(41,047,473	)	$	20,888,613

(1)  The aggregate historical cost of real estate for United States federal income tax purposes is $555,522,181.

(2) Excludes unsecured corporate debt.

(3) The change in cost at these self storage facilities are the net of the impact of foreign exchange rate changes and any actual additions.

The following summarizes the activity in real estate facilities during the year ended December 31, 2025 and 2024.

	2025			2024
Real estate facilities
Balance at beginning of year	$	498,291,980		$	514,006,885
Improvements and additions		608,881			7,898,421
Impact of foreign exchange rate changes		13,612,646			(23,613,326	)
Balance at end of year	$	512,513,507		$	498,291,980
Accumulated depreciation
Balance at beginning of year	$	(27,645,170	)	$	(15,660,337	)
Depreciation expense		(12,748,427	)		(12,680,596	)
Impact of foreign exchange rate changes		(653,876	)		695,763
Balance at end of year	$	(41,047,473	)	$	(27,645,170	)
Construction in process	$	20,888,613		$	9,144,864
Real estate facilities, net	$	492,354,647		$	479,791,674