v3.25.4
Segment Disclosures - Summary of Reportable Segments (Detail) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues:      
Total revenues $ 281,141 $ 237,006 $ 232,992
Operating expenses:      
Segment operating income 172,474 [1] 155,693 158,500
General and administrative 38,211 [2] 29,948 27,452
Depreciation 63,226 55,175 53,636
Intangible amortization expense 9,974 935 6,594
Acquisition expenses 2,030 413 193
Contingent earnout adjustment 221 0 0
Total other operating expenses 113,662 86,471 87,875
Gain on disposition of real estate 284    
Income from operations 59,096 69,222 70,625
Other (expense) income:      
Other, net (21) (1,282) (231)
Interest income 4,368 3,247 3,360
Interest expense (59,895) (72,325) (61,805)
Loss on debt extinguishment (2,533) (471) 0
Income tax (expense) benefit (1,901) (1,484) 2,596
Net (loss) income (1,737) (5,887) 11,647
Self Storage      
Revenues:      
Total revenues 249,515 218,976 215,321
Operating expenses:      
Segment operating income 163,151 [1] 148,292 149,958
Depreciation 62,232 54,218 52,754
Intangible amortization expense 9,649 810 6,398
Acquisition expenses 1,048 413 193
Total other operating expenses 72,929 55,441 59,345
Gain on disposition of real estate 284    
Income from operations 90,506 92,851 90,613
Other (expense) income:      
Other, net (610) (1,204) (149)
Interest income 529 942 367
Interest expense (59,734) (71,868) (61,636)
Loss on debt extinguishment (2,533) (471)  
Income tax (expense) benefit (1,374) (1,175) 2,401
Net (loss) income 26,784 19,075 31,596
Managed Platform      
Revenues:      
Total revenues 31,626 18,030 17,671
Operating expenses:      
Segment operating income 9,323 [1] 7,401 8,542
Intangible amortization expense 325 125 196
Acquisition expenses 982    
Contingent earnout adjustment 221    
Total other operating expenses 1,528 125 196
Income from operations 7,795 7,276 8,346
Other (expense) income:      
Other, net   0 367
Interest income 3,839 2,305 2,993
Interest expense   (292)  
Income tax (expense) benefit (403) (265) (197)
Net (loss) income 10,787 7,610 10,236
Corporate and Other      
Operating expenses:      
General and administrative 38,211 [2] 29,948 27,452
Depreciation 994 957 882
Total other operating expenses 39,205 30,905 28,334
Income from operations (39,205) (30,905) (28,334)
Other (expense) income:      
Other, net 589 (78) (449)
Interest income 0   0
Interest expense (161) (165) (169)
Income tax (expense) benefit (124) (44) 392
Net (loss) income (39,308) (32,572) (30,185)
J V Properties      
Other (expense) income:      
Equity in losses from investments (407) (1,380) (1,625)
J V Properties | Corporate and Other      
Other (expense) income:      
Equity in losses from investments (407) (1,380) (1,625)
Self Storage Rental Revenue      
Revenues:      
Total revenues 238,501 209,579 206,494
Self Storage Rental Revenue | Self Storage      
Revenues:      
Total revenues 238,501 209,579 206,494
Ancillary Operating Revenue      
Revenues:      
Total revenues 11,014 9,397 8,827
Ancillary Operating Revenue | Self Storage      
Revenues:      
Total revenues 11,014 9,397 8,827
Managed Platform revenue      
Revenues:      
Total revenues 19,166 [3] 11,383 11,906
Operating expenses:      
Operating expenses 9,843 3,982 3,365
Managed Platform revenue | Managed Platform      
Revenues:      
Total revenues 19,166 [3] 11,383 11,906
Reimbursable costs from Managed Platform      
Revenues:      
Total revenues 12,460 6,647 5,765
Operating expenses:      
Operating expenses 12,460 [4] 6,647 5,764
Reimbursable costs from Managed Platform | Managed Platform      
Revenues:      
Total revenues 12,460 [4] 6,647 5,765
Operating expenses:      
Operating expenses 12,460 [4] 6,647 5,764
Property Operating Expenses      
Operating expenses:      
Property taxes 26,381 21,070 19,940
Payroll 22,630 [2] 16,731 15,775
Advertising 6,211 5,664 5,145
Repairs & Maintenance 6,558 5,483 4,749
Utilities 5,966 5,090 5,070
Property Insurance 6,330 5,407 4,297
Administrative and professional 12,288 11,239 10,387
Operating expenses 86,364 70,684 65,363
Property Operating Expenses | Self Storage      
Operating expenses:      
Property taxes 26,381 21,070 19,940
Payroll 22,630 [2] 16,731 15,775
Advertising 6,211 5,664 5,145
Repairs & Maintenance 6,558 5,483 4,749
Utilities 5,966 5,090 5,070
Property Insurance 6,330 5,407 4,297
Administrative and professional 12,288 11,239 10,387
Operating expenses 86,364 70,684 65,363
Managed Platform expense      
Operating expenses:      
Operating expenses 9,843 [2],[5] 3,982 3,365
Managed Platform expense | Managed Platform      
Operating expenses:      
Operating expenses 9,843 [2],[5] 3,982 3,365
Managed REITs      
Other (expense) income:      
Equity in losses from investments (444) (1,414) (1,273)
Managed REITs | Managed Platform      
Other (expense) income:      
Equity in losses from investments $ (444) $ (1,414) $ (1,273)
[1] Included within Managed Platform segment operating income was approximately $0.4 million related to our Third Party Platform acquired on October 1, 2025.
[2] Included within Payroll, Managed Platform expense, and General and administrative was approximately $3.6 million, $2.1 million, and $3.8 million, respectively, of stock and related compensation expense related to our IPO Grant (as defined in Note 13 – Equity Based Compensation).
[3] Included within Managed Platform revenue was approximately $2.9 million of revenue related to our Third Party Platform acquired on October 1, 2025.
[4] Included within Reimbursable costs from Managed Platform was approximately $3.8 million related to our Third Party Platform acquired on October 1, 2025.
[5] Included within Managed Platform expense was approximately $2.5 million of expense related to our Third Party Platform acquired on October 1, 2025.