v3.25.3
Segment Disclosures - Summary of Reportable Segments (Detail) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Total revenues $ 70,429 $ 60,157 $ 202,695 $ 176,362
Operating expenses:        
Segment operating income 42,869 38,999 124,473 115,465
General and administrative 10,435 [1] 7,210 29,980 [2] 22,449
Depreciation 16,274 13,836 46,741 41,057
Intangible amortization expense 2,904 215 6,431 461
Acquisition expenses 480 38 1,042 121
Total other operating expenses 30,093 21,299 84,194 64,088
Income (loss) from operations 12,776 17,700 40,279 51,377
Other income (expense):        
Other, net 4,667 (1,981) 3,703 (2,949)
Interest income 1,536 1,023 2,984 2,375
Interest expense (12,521) (19,102) (46,573) (52,949)
Loss on debt extinguishment 0 0 (2,533) (471)
Income tax (expense) benefit (615) (404) (1,538) (1,093)
Net income (loss) 5,548 (3,392) (4,706) (5,735)
Self Storage        
Revenues:        
Total revenues 64,593 55,378 184,670 163,023
Operating expenses:        
Segment operating income 41,102 37,129 119,042 109,689
Depreciation 16,064 13,592 45,974 40,348
Intangible amortization expense 2,904 202 6,431 350
Acquisition expenses 408 38 853 121
Total other operating expenses 19,376 13,832 53,258 40,819
Income (loss) from operations 21,726 23,297 65,784 68,870
Other income (expense):        
Other, net 4,649 (1,976) (3,369) (2,891)
Interest income 139 263 390 758
Interest expense (12,480) (19,061) (46,453) (52,826)
Loss on debt extinguishment     (2,533) (471)
Income tax (expense) benefit (497) (333) (1,200) (862)
Net income (loss) 13,537 2,190 19,357 12,578
Managed REIT Platform        
Revenues:        
Total revenues 5,836 4,779 18,025 13,339
Operating expenses:        
Segment operating income 1,767 1,870 5,431 5,776
Intangible amortization expense   13   111
Total other operating expenses   13   111
Income (loss) from operations 1,767 1,857 5,431 5,665
Other income (expense):        
Other, net       0
Interest income 1,397 760 2,594 1,617
Income tax (expense) benefit (118) (75) (258) (210)
Net income (loss) 2,798 2,294 7,147 6,115
Corporate and Other        
Operating expenses:        
General and administrative 10,435 [1] 7,210 29,980 [2] 22,449
Depreciation 210 244 767 709
Acquisition expenses 72   189  
Total other operating expenses 10,717 7,454 30,936 23,158
Income (loss) from operations (10,717) (7,454) (30,936) (23,158)
Other income (expense):        
Other, net 18 (5) 334 (58)
Interest expense (41) (41) (120) (123)
Income tax (expense) benefit   4 (80) (21)
Net income (loss) (10,787) (7,876) (31,210) (24,428)
J V Properties        
Other income (expense):        
Equity in earnings (loss) of unconsolidated real estate ventures (47) (380) (408) (1,068)
J V Properties | Corporate and Other        
Other income (expense):        
Equity in earnings (loss) of unconsolidated real estate ventures (47) (380) (408) (1,068)
Self Storage Rental Revenue        
Revenues:        
Total revenues 61,768 52,921 176,509 156,050
Self Storage Rental Revenue | Self Storage        
Revenues:        
Total revenues 61,768 52,921 176,509 156,050
Ancillary Operating Revenue        
Revenues:        
Total revenues 2,825 2,457 8,161 6,973
Ancillary Operating Revenue | Self Storage        
Revenues:        
Total revenues 2,825 2,457 8,161 6,973
Managed REIT Platform Revenue        
Revenues:        
Total revenues 3,841 2,923 11,990 8,328
Managed REIT Platform Revenue | Managed REIT Platform        
Revenues:        
Total revenues 3,841 2,923 11,990 8,328
Reimbursable Costs from Managed REITs        
Revenues:        
Total revenues 1,995 1,856 6,035 5,011
Operating expenses:        
Operating expenses 1,995 1,856 6,035 5,011
Reimbursable Costs from Managed REITs | Managed REIT Platform        
Revenues:        
Total revenues 1,995 1,856 6,035 5,011
Operating expenses:        
Operating expenses 1,995 1,856 6,035 5,011
Property Operating Expenses        
Operating expenses:        
Property taxes 6,859 5,305 19,966 15,817
Payroll 6,691 [1] 4,223 17,892 [2] 12,629
Advertising 1,604 1,393 4,650 4,295
Repairs & maintenance 2,005 1,387 5,050 4,197
Utilities 1,691 1,440 4,458 3,846
Property insurance 1,556 1,473 4,738 4,070
Administrative and professional 3,085 3,028 8,874 8,480
Operating expenses 23,491 18,249 65,628 53,334
Property Operating Expenses | Self Storage        
Operating expenses:        
Property taxes 6,859 5,305 19,966 15,817
Payroll 6,691 [1] 4,223 17,892 [2] 12,629
Advertising 1,604 1,393 4,650 4,295
Repairs & maintenance 2,005 1,387 5,050 4,197
Utilities 1,691 1,440 4,458 3,846
Property insurance 1,556 1,473 4,738 4,070
Administrative and professional 3,085 3,028 8,874 8,480
Operating expenses 23,491 18,249 65,628 53,334
Managed REIT Platform Expenses        
Operating expenses:        
Operating expenses 2,074 [1] 1,053 6,559 [2] 2,552
Managed REIT Platform Expenses | Managed REIT Platform        
Operating expenses:        
Operating expenses 2,074 [1] 1,053 6,559 [2] 2,552
Managed REITS        
Other income (expense):        
Equity in earnings (loss) of unconsolidated real estate ventures (248) (248) (620) (957)
Managed REITS | Managed REIT Platform        
Other income (expense):        
Equity in earnings (loss) of unconsolidated real estate ventures $ (248) $ (248) $ (620) $ (957)
[1]

(1) Included within Payroll, Managed REIT Platform expense, and General and administrative expense was approximately $1.9 million, $1.1 million, and $1.5 million of stock and related compensation expense related to our IPO Grant for the three months ended September 30, 2025, respectively.

[2] (1) Included within Payroll, Managed REIT Platform expense, and General and administrative expense was approximately $3.6 million, $2.0 million, and $3.1 million of stock and related compensation expense related to our IPO Grant for the nine months ended September 30, 2025, respectively.