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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Total revenues $ 237,006 $ 232,992 $ 212,643
Operating expenses:      
General and administrative 29,948 27,452 28,254
Depreciation 55,175 53,636 49,418
Intangible amortization expense 935 6,594 15,201
Acquisition expenses 413 193 888
Contingent earnout adjustment 0 0 1,514
Write-off of equity interest and preexisting relationships upon acquisition of control 0 0 2,050
Total operating expenses 167,784 162,367 162,875
Gain on equity interests upon acquisition 0 0 16,101
Income from operations 69,222 70,625 65,869
Other income (expense):      
Other, net (1,282) (231) (998)
Interest income 3,247 3,360 1,838
Interest expense (72,325) (61,805) (41,512)
Loss on debt extinguishment (471) 0 (2,393)
Income tax (expense) benefit (1,484) 2,596 555
Net income (loss) (5,887) 11,647 21,669
Net (income) loss attributable to noncontrolling interests 266 (1,893) (2,847)
Less: Distributions to preferred stockholders (12,758) (12,500) (12,500)
Net income (loss) attributable to SmartStop Self Storage REIT, Inc. common stockholders $ (18,379) $ (2,746) $ 6,322
Net income (loss) per Class A & Class T share - basic $ (0.78) $ (0.13) $ 0.26
Net income (loss) per Class A & Class T share - diluted $ (0.78) $ (0.13) $ 0.26
Self Storage Rental Revenue      
Revenues:      
Total revenues $ 209,579 $ 206,494 $ 191,750
Ancillary Operating Revenue      
Revenues:      
Total revenues 9,397 8,827 8,446
Managed REIT Platform Revenue      
Revenues:      
Total revenues 11,383 11,906 7,819
Reimbursable Costs from Managed REITs      
Revenues:      
Total revenues 6,647 5,765 4,628
Operating expenses:      
Operating expenses 6,647 5,764 4,628
Property Operating Expenses      
Operating expenses:      
Operating expenses 70,684 65,363 58,437
Managed REIT Platform Expenses      
Operating expenses:      
Operating expenses $ 3,982 $ 3,365 $ 2,485
Class A Common stock      
Other income (expense):      
Weighted average number of shares outstanding - basic 22,106,846 22,176,585 20,964,306
Weighted average number of shares outstanding - diluted 22,106,846 22,176,585 20,993,623
Class T Common stock      
Other income (expense):      
Weighted average number of shares outstanding - basic 2,032,568 2,025,400 2,020,488
Weighted average number of shares outstanding - diluted 2,032,568 2,025,400 2,020,488
Class A and T Common Stock      
Other income (expense):      
Net income (loss) per Class A & Class T share - basic $ (0.78) $ (0.13) $ 0.26
Net income (loss) per Class A & Class T share - diluted $ (0.78) $ (0.13) $ 0.26
Weighted average number of shares outstanding - basic 24,139,414 24,201,985 22,984,794
Weighted average number of shares outstanding - diluted 24,139,414 24,201,985 23,014,111
JV Properties      
Other income (expense):      
Equity in earnings (loss) of unconsolidated real estate ventures $ (1,380) $ (1,625) $ (760)
Managed REITS      
Other income (expense):      
Equity in earnings (loss) of unconsolidated real estate ventures $ (1,414) $ (1,273) $ (930)