v3.25.3
Consolidated Statements of Equity and Temporary Equity (Unaudited) - USD ($)
$ in Thousands
Total
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
Preferred Stock
Beginning Balance at Dec. 31, 2023 $ 495,863   $ 89 $ 8 $ 71,277 $ 894,857 $ (324,191) $ (167,270) $ 847 $ 404,340 $ 91,523 $ 196,356
Beginning Balance (in shares) at Dec. 31, 2023     22,190,284 2,028,457                
Offering costs (145)         (145)       (145)    
Tax withholding (net settlement redemption) related to vesting of restricted stock (220)   $ (1)     (219)       (220)    
Tax withholding (net settlement redemption) related to vesting of restricted stock, (in Shares)     (3,829)                  
Changes to redeemable common stock (16,979)       16,979 (16,979)       (16,979)    
Issuance of noncontrolling interest in SST VI Advisor 330                   330  
Redemptions of stock (1)   $ (1)   (29,900)         (1)    
Redemptions of common stock (in shares)     (327,122) (21,034)                
Issuance of restricted stock, net of forfeitures 1   $ 1             1    
Issuance of restricted stock, net of forfeitures (in shares)     10,163                  
Distributions (43,449)           (43,449)     (43,449)    
Distributions to noncontrolling interests in our Operating Partnership (6,389)                   (6,389)  
Distributions to other noncontrolling interests (334)                   (334)  
Issuance of shares for distribution reinvestment plan 16,979   $ 1     16,978       16,979    
Issuance of shares for distribution reinvestment plan (in shares)     249,926 28,673                
Equity based compensation expense 3,863         468       468 3,395  
Net income (loss) attributable to SmartStop Self Storage REIT, Inc. common stockholders (14,688)             (14,688)   (14,688)    
Net income (loss) attributable to the noncontrolling interests in our Operating Partnership (729)                   (729)  
Net income attributable to other noncontrolling interests 324                   324  
Foreign currency translation adjustment (1,144)               (1,008) (1,008) (136)  
Foreign currency hedge contract gain (loss) 1,322               1,165 1,165 157  
Interest rate hedge contract gain (loss) (2,940)               (2,587) (2,587) (353)  
Ending Balance at Sep. 30, 2024 431,664   $ 89 $ 8 58,356 894,960 (367,640) (181,958) (1,583) 343,876 87,788 196,356
Ending Balance (in shares) at Sep. 30, 2024     22,119,422 2,036,096                
Beginning Balance at Dec. 31, 2023 495,863   $ 89 $ 8 71,277 894,857 (324,191) (167,270) 847 404,340 91,523 196,356
Beginning Balance (in shares) at Dec. 31, 2023     22,190,284 2,028,457                
Ending Balance at Dec. 31, 2024 412,548   $ 89 $ 8 62,042 895,118 (382,160) (185,649) (1,708) 325,698 86,850 196,356
Ending Balance (in shares) at Dec. 31, 2024     21,970,817 2,038,466                
Beginning Balance at Jun. 30, 2024 454,818   $ 89 $ 8 65,371 894,870 (353,086) (175,738) (361) 365,782 89,036 196,356
Beginning Balance (in shares) at Jun. 30, 2024     22,174,115 2,031,155                
Offering costs (64)         (64)       (64)    
Changes to redeemable common stock (5,602)       5,602 (5,602)       (5,602)    
Issuance of noncontrolling interest in SST VI Advisor 330                   330  
Redemptions of stock (1)   $ (1)   (12,617)         (1)    
Redemptions of common stock (in shares)     (137,511) (4,527)                
Issuance of restricted stock, net of forfeitures (in shares)     262                  
Distributions (14,554)           (14,554)     (14,554)    
Distributions to noncontrolling interests in our Operating Partnership (2,142)                   (2,142)  
Distributions to other noncontrolling interests (107)                   (107)  
Issuance of shares for distribution reinvestment plan 5,603   $ 1     5,602       5,603    
Issuance of shares for distribution reinvestment plan (in shares)     82,556 9,468                
Equity based compensation expense 1,307         154       154 1,153  
Net income (loss) attributable to SmartStop Self Storage REIT, Inc. common stockholders (6,220)             (6,220)   (6,220)    
Net income (loss) attributable to the noncontrolling interests in our Operating Partnership (422)                   (422)  
Net income attributable to other noncontrolling interests 108                   108  
Foreign currency translation adjustment 774               681 681 93  
Foreign currency hedge contract gain (loss) (538)               (473) (473) (65)  
Interest rate hedge contract gain (loss) (1,626)               (1,430) (1,430) (196)  
Ending Balance at Sep. 30, 2024 431,664   $ 89 $ 8 58,356 894,960 (367,640) (181,958) (1,583) 343,876 87,788 196,356
Ending Balance (in shares) at Sep. 30, 2024     22,119,422 2,036,096                
Beginning Balance at Dec. 31, 2024 412,548   $ 89 $ 8 62,042 895,118 (382,160) (185,649) (1,708) 325,698 86,850 196,356
Beginning Balance (in shares) at Dec. 31, 2024     21,970,817 2,038,466                
Issuance of shares in Underwritten Public Offering , Value 931,500 $ 31       931,469       931,500    
Issuance of shares in Underwritten Public Offering (in shares)   31,050,000                    
Offering costs (57,535)         (57,535)       (57,535)    
Tax withholding (net settlement redemption) related to vesting of restricted stock (192)         (192)       (192)    
Tax withholding (net settlement redemption) related to vesting of restricted stock, (in Shares)     (3,362)                  
Changes to redeemable common stock 62,042       $ (62,042) 62,042       62,042    
Par value adjustment due to Reverse Stock Split     $ (67) $ (6)   73            
Redemptions of stock                       $ (196,356)
Issuance of restricted stock, net of forfeitures (in shares)     331,376                  
Distributions (58,690)           (58,690)     (58,690)    
Distributions to noncontrolling interests in our Operating Partnership (5,587)                   (5,587)  
Distributions to other noncontrolling interests (365)                   (365)  
Issuance of shares for distribution reinvestment plan 3,452         3,452       3,452    
Issuance of shares for distribution reinvestment plan (in shares)     50,911 5,680                
Repurchase of noncontrolling interest in SST VI Advisor (1,850)         (1,530)       (1,530) (320)  
Repurchase of noncontrolling interest in our Operating Partnership (230)         67       67 (297)  
Fractional share redemption (291)         (291)       (291)    
Fractional share redemption (in shares)     (7,158) (973)                
Equity based compensation expense 14,248         7,150       7,150 7,098  
Net income (loss) attributable to SmartStop Self Storage REIT, Inc. common stockholders (11,540)             (11,540)   (11,540)    
Net income (loss) attributable to the noncontrolling interests in our Operating Partnership (682)                   (682)  
Net income attributable to other noncontrolling interests 305                   305  
Foreign currency translation adjustment 989               929 929 60  
Foreign currency hedge contract gain (loss) (498)               (476) (476) (22)  
Interest rate hedge contract gain (loss) 1,606               1,523 1,523 83  
Ending Balance at Sep. 30, 2025 1,289,230 $ 31 $ 22 $ 2   1,839,823 (440,850) (197,189) 268 1,202,107 87,123  
Ending Balance (in shares) at Sep. 30, 2025   31,050,000 22,342,584 2,043,173                
Beginning Balance at Jun. 30, 2025 1,302,575 $ 31 $ 22 $ 2   1,836,662 (418,557) (202,416) 840 1,216,584 85,991  
Beginning Balance (in shares) at Jun. 30, 2025   31,050,000 22,350,411 2,044,146                
Offering costs (42)         (42)       (42)    
Issuance of restricted stock, net of forfeitures (in shares)     (669)                  
Distributions (22,293)           (22,293)     (22,293)    
Distributions to noncontrolling interests in our Operating Partnership (1,693)                   (1,693)  
Repurchase of noncontrolling interest in our Operating Partnership (230)         67       67 (297)  
Fractional share redemption (291)         (291)       (291)    
Fractional share redemption (in shares)     (7,158) (973)                
Equity based compensation expense 6,264         3,427       3,427 2,837  
Net income (loss) attributable to SmartStop Self Storage REIT, Inc. common stockholders 5,227             5,227   5,227    
Net income (loss) attributable to the noncontrolling interests in our Operating Partnership 321                   321  
Foreign currency translation adjustment (608)               (572) (572) (36)  
Foreign currency hedge contract gain (loss) 0                      
Interest rate hedge contract gain (loss) 0                      
Ending Balance at Sep. 30, 2025 $ 1,289,230 $ 31 $ 22 $ 2   $ 1,839,823 $ (440,850) $ (197,189) $ 268 $ 1,202,107 $ 87,123  
Ending Balance (in shares) at Sep. 30, 2025   31,050,000 22,342,584 2,043,173