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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Total revenues $ 57,135,265 $ 47,983,861
Operating expenses:    
General and administrative 6,536,626 5,837,647
Depreciation 13,272,271 11,107,986
Intangible amortization expense 1,919,705 3,900,884
Acquisition expenses 31,190 417,774
Contingent earnout adjustment 0 513,821
Total operating expenses 40,234,390 36,416,275
Income from operations 16,900,875 11,567,586
Other income (expense):    
Other, net 750,978 (28,627)
Interest expense (14,703,897) (7,575,784)
Income tax (expense) benefit (277,220) (321,128)
Net income 2,032,600 3,269,459
Net (income) attributable to noncontrolling interests (340,365) (403,822)
Less: Distributions to preferred stockholders (3,082,192) (3,082,192)
Net loss attributable to SmartStop Self Storage REIT, Inc. common stockholders $ (1,389,957) $ (216,555)
Net income (loss) per Class A & Class T share - basic $ (0.02) $ 0.00
Net income (loss) per Class A & Class T share - diluted $ (0.02) $ 0.00
Weighted average number of shares outstanding- basic 96,820,723 85,017,745
Weighted average number of shares outstanding, Diluted 96,820,723 85,017,745
Self Storage Rental Revenue    
Revenues:    
Total revenues $ 51,276,898 $ 43,056,872
Ancillary Operating Revenue    
Revenues:    
Total revenues 2,190,622 1,974,320
Managed REIT Platform Revenue    
Revenues:    
Total revenues 2,276,535 1,809,096
Reimbursable Costs from Managed REITs    
Revenues:    
Total revenues 1,391,210 1,143,573
Operating expenses:    
Operating expenses 1,391,210 1,143,573
Property Operating Expenses    
Operating expenses:    
Operating expenses 16,533,452 13,105,325
Managed REIT Platform Expenses    
Operating expenses:    
Operating expenses $ 549,936 $ 389,265
Class A and T Common stock    
Other income (expense):    
Net income (loss) per Class A & Class T share - basic $ (0.02) $ 0.00
Net income (loss) per Class A & Class T share - diluted $ (0.02) $ 0.00
Class A Common stock    
Other income (expense):    
Weighted average number of shares outstanding- basic 88,735,173 76,946,796
Weighted average number of shares outstanding, Diluted 88,735,173 76,946,796
Class T Common stock    
Other income (expense):    
Weighted average number of shares outstanding- basic 8,085,550 8,070,949
Weighted average number of shares outstanding, Diluted 8,085,550 8,070,949
JV Properties    
Other income (expense):    
Equity in earnings (losses) from investments $ (405,111) $ (233,294)
Managed REITs    
Other income (expense):    
Equity in earnings (losses) from investments $ (233,025) $ (139,294)