XML 19 R6.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Equity and Temporary Equity - USD ($)
Total
SST VI OP
Redeemable Common Stock
Common Stock
Class A Common stock
Common Stock
Class T Common stock
Common Stock
Redeemable Common Stock
Additional Paid-in Capital
Distributions
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Total SmartStop Self Storage REIT, Inc. Equity
Noncontrolling Interests
Noncontrolling Interests
SST VI OP
Preferred Stock
Beginning Balance at Dec. 31, 2020 $ 243,240,205     $ 52,661 $ 7,904 $ 57,335,575 $ 492,408,006 $ (163,953,169) $ (141,444,880) $ (3,834,228) $ 183,236,294 $ 60,003,911   $ 196,356,107
Beginning Balance (in shares) at Dec. 31, 2020       52,660,402 7,903,911                  
Offering costs (335,175) $ (1,239,194)         (335,175)       (335,175)   $ (1,239,194)  
Gross proceeds from issuance of operating partnership units in SST VI OP   $ 4,761,315                     $ 4,761,315  
Issuance of common stock in connection with SST IV Merger 231,412,470     $ 23,138     231,389,332       231,412,470      
Issuance of common stock in connection with SST IV Merger (in shares)       23,137,540                    
Issuance of Class A-1 Units in our Operating Partnership in connection with the contingent earnout related to the Self Administration Transaction 11,219,744                     11,219,744    
Acquisition of noncontrolling interest related to the Tenant Protection Programs joint ventures (10,900)                     (10,900)    
Changes to redeemable common stock (19,564,929)   $ 19,564,929       (19,564,929)       (19,564,929)      
Redemptions of common stock (390)   (5,565,829) $ (360) $ (30)           (390)      
Redemptions of common stock (in shares)       (359,976) (30,158)                  
Issuance of restricted stock 78     $ 78             78      
Issuance of restricted stock (in shares)       78,192                    
Distributions (47,011,295)             (47,011,295)     (47,011,295)      
Distributions to noncontrolling interests (6,338,488)                     (6,338,488)    
Issuance of shares for distribution reinvestment plan 19,564,929     $ 1,541 $ 182   19,563,206       19,564,929      
Issuance of shares for distribution reinvestment plan (in shares)       1,541,585 182,445                  
Equity based compensation expense 2,907,808           1,279,432       1,279,432 1,628,376    
Net income attributable to SmartStop Self Storage REIT, Inc. common stockholders (29,401,595)               (29,401,595)   (29,401,595)      
Deconsolidation of SST VI OP (3,170,238)                     (3,170,238)    
Net loss attributable to the noncontrolling interests in our Operating Partnership (2,663,123)                     (2,663,123)    
Foreign currency translation adjustment 65,261                 47,424 47,424 17,837    
Foreign currency hedge contract gains (losses) (394,417)                 (337,219) (337,219) (57,198)    
Interest rate swap and cap contract gains (losses) 4,335,323                 3,844,048 3,844,048 491,275    
Ending Balance at Dec. 31, 2021 407,377,389     $ 77,058 $ 8,056 71,334,675 724,739,872 (210,964,464) (170,846,475) (279,975) 342,734,072 64,643,317   196,356,107
Ending Balance (in shares) at Dec. 31, 2021       77,057,743 8,056,198                  
Offering costs (445,149)           (445,149)       (445,149)      
Issuance of common stock in connection with SST IV Merger 168,789,874     $ 11,542     168,778,332       168,789,874      
Issuance of common stock in connection with SST IV Merger (in shares)       11,542,062                    
Issuance of Class A-1 Units in our Operating Partnership in connection with the contingent earnout related to the Self Administration Transaction 31,514,447                     31,514,447    
Issuance of noncontrolling interest in SST VI Advisor 1,000                     1,000    
Tax withholding (net settlement) related to vesting of restricted stock, (in Shares)       (8,910)                    
Tax withholding (net settlement) related to vesting of restricted stock (86,357)     $ (9)     (86,348)       (86,357)      
Issuance of OP Units in connection with SSGT II Merger 1,703                     1,703    
Changes to redeemable common stock (5,243,398)   5,243,398       (5,243,398)       (5,243,398)      
Redemptions of common stock (112)     $ (107) $ (5)           (112)      
Redemptions of common stock (in shares)       (106,502) (4,696)                  
Issuance of restricted stock 55     $ 55             55      
Issuance of restricted stock (in shares)       55,403                    
Distributions (55,187,053)             (55,187,053)     (55,187,053)      
Distributions to noncontrolling interests (268,695)                     (268,695)    
Issuance of shares for distribution reinvestment plan 5,243,398     $ 314 $ 34   5,243,050       5,243,398      
Issuance of shares for distribution reinvestment plan (in shares)       313,658 34,048                  
Distributions to noncontrolling interests in our Operating Partnership (7,444,680)                     (7,444,680)    
Equity based compensation expense 3,968,494           1,297,595       1,297,595 2,670,899    
Net income attributable to SmartStop Self Storage REIT, Inc. common stockholders 6,321,880               6,321,880   6,321,880      
Net income attributable to the noncontrolling interests in our Operating Partnership 2,536,296                     2,536,296    
Net income attributable to other noncontrolling interests 311,276                     311,276    
Net loss attributable to the noncontrolling interests in our Operating Partnership 2,847,572                          
Foreign currency translation adjustment (3,832,344)                 (3,400,645) (3,400,645) (431,699)    
Foreign currency hedge contract gains (losses) 3,354,899                 2,977,385 2,977,385 377,514    
Interest rate swap and cap contract gains (losses) 4,906,784                 4,357,917 4,357,917 548,867    
Ending Balance at Dec. 31, 2022 561,819,707     $ 88,853 $ 8,085 76,578,073 894,283,954 (266,151,517) (164,524,595) 3,654,682 467,359,462 94,460,245   196,356,107
Ending Balance (in shares) at Dec. 31, 2022       88,853,454 8,085,550                  
Offering costs (10,412)           (10,412)       (10,412)      
Tax withholding (net settlement) related to vesting of restricted stock, (in Shares)       (17,422)                    
Tax withholding (net settlement) related to vesting of restricted stock (246,662)     $ (17)     (246,645)       (246,662)      
Changes to redeemable common stock (17,636,337)   17,636,337       17,636,337       17,636,337      
Redemptions of common stock (1,248)   $ 22,937,215 $ (1,160) $ 88           (1,248)      
Redemptions of common stock (in shares)       (1,160,283) (88,382)                  
Issuance of restricted stock 43     $ 43             43      
Issuance of restricted stock (in shares)       42,566                    
Distributions (58,039,039)             (58,039,039)     (58,039,039)      
Distributions to noncontrolling interests (587,530)                     (587,530)    
Issuance of shares for distribution reinvestment plan 17,636,337     $ 1,043 $ 117   17,635,177       17,636,337      
Issuance of shares for distribution reinvestment plan (in shares)       1,042,820 116,659                  
Distributions to noncontrolling interests in our Operating Partnership (8,298,194)                     (8,298,194)    
Equity based compensation expense 5,258,246           830,817       830,817 4,427,429    
Net income attributable to SmartStop Self Storage REIT, Inc. common stockholders (2,745,698)               (2,745,698)   (2,745,698)      
Net income attributable to the noncontrolling interests in our Operating Partnership 1,313,566                     1,313,566    
Net income attributable to other noncontrolling interests 578,892                     578,892    
Net loss attributable to the noncontrolling interests in our Operating Partnership 1,892,458                          
Foreign currency translation adjustment 1,480,720                 1,307,400 1,307,400 173,320    
Foreign currency hedge contract gains (losses) (1,065,910)                 (941,025) (941,025) (124,885)    
Interest rate swap and cap contract gains (losses) (3,593,569)                 (3,173,874) (3,173,874) (419,695)    
Ending Balance at Dec. 31, 2023 $ 495,862,912     $ 88,762 $ 8,114 $ 71,277,195 $ 894,856,554 $ (324,190,556) $ (167,270,293) $ 847,183 $ 404,339,764 $ 91,523,148   $ 196,356,107
Ending Balance (in shares) at Dec. 31, 2023       88,761,135 8,113,827