v3.25.4
Consolidated Statements of Equity and Temporary Equity - 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, 2022 $ 561,820   $ 89 $ 8 $ 76,578 $ 894,284 $ (266,152) $ (164,524) $ 3,655 $ 467,360 $ 94,460 $ 196,356
Beginning Balance (in shares) at Dec. 31, 2022     22,213,364 2,021,388                
Offering costs (10)         (10)       (10)    
Tax withholding (net settlement) related to vesting of restricted stock, (in Shares)     (4,356)                  
Tax withholding (net settlement) related to vesting of restricted stock (247)         (247)       (247)    
Changes to redeemable common stock (17,636)       17,636 (17,636)       (17,636)    
Redemptions of common stock (1)   $ (1)   (22,937)         (1)    
Redemptions of common stock (in shares)     (290,071) (22,096)                
Issuance of restricted stock, net of forfeitures (in shares)     10,642                  
Distributions (58,039)           (58,039)     (58,039)    
Distributions to noncontrolling interests (588)                   (588)  
Issuance of shares for distribution reinvestment plan 17,636   $ 1     17,635       17,636    
Issuance of shares for distribution reinvestment plan (in shares)     260,705 29,165                
Distributions to noncontrolling interests in our Operating Partnership (8,298)                   (8,298)  
Equity based compensation expense 5,258         831       831 4,427  
Net income (loss) attributable to SmartStop Self Storage REIT, Inc. common stockholders (2,746)             (2,746)   (2,746)    
Net income (loss) attributable to the noncontrolling interests in our Operating Partnership 1,314                   1,314  
Net income attributable to other noncontrolling interests 579                   579  
Net loss attributable to the noncontrolling interests in our Operating Partnership 1,893                      
Foreign currency translation adjustment 1,481               1,307 1,307 174  
Foreign currency hedge contract (losses) gains (1,066)               (941) (941) (125)  
Interest rate swap and cap contract gains (losses) (3,594)               (3,174) (3,174) (420)  
Ending Balance at Dec. 31, 2023 495,863   $ 89 $ 8 71,277 894,857 (324,191) (167,270) 847 404,340 91,523 196,356
Ending Balance (in shares) at Dec. 31, 2023     22,190,284 2,028,457                
Offering costs (144)         (144)       (144)    
Issuance of noncontrolling interest in SST VI Advisor 330                   330  
Tax withholding (net settlement) related to vesting of restricted stock, (in Shares)     (3,829)                  
Tax withholding (net settlement) related to vesting of restricted stock (219)         (219)       (219)    
Changes to redeemable common stock (20,667)       20,667 (20,667)       (20,667)    
Redemptions of common stock (2)   $ (2)   (29,902)         (2)    
Redemptions of common stock (in shares)     (529,936) (24,929)                
Issuance of restricted stock, net of forfeitures 1   $ 1             1    
Issuance of restricted stock, net of forfeitures (in shares)     10,163                  
Distributions (57,969)           (57,969)     (57,969)    
Distributions to noncontrolling interests (492)                   (492)  
Issuance of shares for distribution reinvestment plan 20,667   $ 1     20,666       20,667    
Issuance of shares for distribution reinvestment plan (in shares)     304,135 34,938                
Distributions to noncontrolling interests in our Operating Partnership (8,529)                   (8,529)  
Equity based compensation expense 5,258         625       625 4,633  
Net income (loss) attributable to SmartStop Self Storage REIT, Inc. common stockholders (18,379)             (18,379)   (18,379)    
Net income (loss) attributable to the noncontrolling interests in our Operating Partnership (773)                   (773)  
Net income attributable to other noncontrolling interests 507                   507  
Net loss attributable to the noncontrolling interests in our Operating Partnership (266)                      
Foreign currency translation adjustment (3,915)               (3,444) (3,444) (471)  
Foreign currency hedge contract (losses) gains 3,617               3,182 3,182 435  
Interest rate swap and cap contract gains (losses) (2,606)               (2,293) (2,293) (313)  
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                
Offering costs (57,637)         (57,637)       (57,637)    
Issuance of shares in Underwritten Public Offering (in shares)   31,050,000                    
Issuance of shares in Underwritten Public Offering , Value 931,500 $ 31       931,469       931,500    
Par value adjustment due to Reverse Stock Split     $ (67) $ (6)   73            
Tax withholding (net settlement) related to vesting of restricted stock, (in Shares)   (74,064) 3,362                  
Tax withholding (net settlement) related to vesting of restricted stock (3,042)         (3,042)       (3,042)    
Fractional share redemption (in shares)     (7,158) (969)                
Fractional share redemption (290)         (290)       (290)    
Conversion of Class A and Class T Common Stock (in shares)   24,388,547 (22,345,370) (2,043,177)                
Conversion of Class A and Class T Common Stock   $ 24 $ (22) $ (2)                
Issuance of Operating Partnership units in connection with the Third Party Platform Acquisition 11,858                   11,858  
Changes to redeemable common stock 62,042       $ (62,042) 62,042       62,042    
Redemptions of common stock                       $ (196,356)
Issuance of restricted stock, net of forfeitures (in shares)     334,162                  
Issuance of restricted stock, net of forfeitures (in shares)   (5,233)                    
Distributions (81,005)           (81,005)     (81,005)    
Distributions to 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                
Distributions to noncontrolling interests in our Operating Partnership (7,325)                   (7,325)  
Equity based compensation expense 16,623         7,473       7,473 9,150  
Repurchase of noncontrolling interest in SST VI advisor (1,850)         (1,530)       (1,530) (320)  
Repurchase of noncontrolling interest in our Operating Partnership (231)         66       66 (297)  
Net income (loss) attributable to SmartStop Self Storage REIT, Inc. common stockholders (8,758)             (8,758)   (8,758)    
Net income (loss) attributable to the noncontrolling interests in our Operating Partnership (495)                   (495)  
Net income attributable to other noncontrolling interests 305                   305  
Net loss attributable to the noncontrolling interests in our Operating Partnership (190)                      
Foreign currency translation adjustment 1,484               1,393 1,393 91  
Foreign currency hedge contract (losses) gains (498)               (476) (476) (22)  
Interest rate swap and cap contract gains (losses) 1,607               1,524 1,524 83  
Ending Balance at Dec. 31, 2025 $ 1,279,923 $ 55       $ 1,837,194 $ (463,165) $ (194,407) $ 733 $ 1,180,410 $ 99,513  
Ending Balance (in shares) at Dec. 31, 2025   55,359,250