Consolidated Balance Sheets - USD ($)
|
Dec. 31, 2021 |
Dec. 31, 2020 |
| Real estate facilities: |
|
|
|
| Land |
|
$ 397,508,081
|
$ 335,800,354
|
| Buildings |
|
1,117,204,944
|
810,480,845
|
| Site improvements |
|
78,910,603
|
63,821,383
|
| Real estate investment property, gross |
|
1,593,623,628
|
1,210,102,582
|
| Accumulated depreciation |
|
(155,926,875)
|
(115,903,045)
|
| Real estate investment property |
|
1,437,696,753
|
1,094,199,537
|
| Construction in process |
|
1,799,004
|
1,761,303
|
| Real estate facilities, net |
|
1,439,495,757
|
1,095,960,840
|
| Cash and cash equivalents |
|
37,254,226
|
72,705,624
|
| Restricted cash |
|
7,432,135
|
7,952,052
|
| Investments in unconsolidated real estate ventures (Note 4) |
|
18,943,284
|
|
| Investments in and advances to Managed REITs |
|
12,404,380
|
15,624,389
|
| Other assets, net |
|
15,423,508
|
7,734,276
|
| Intangible assets, net of accumulated amortization |
|
14,337,820
|
12,406,427
|
| Trademarks, net of accumulated amortization |
|
16,052,941
|
16,194,118
|
| Goodwill |
|
53,643,331
|
53,643,331
|
| Debt issuance costs, net of accumulated amortization |
|
3,305,394
|
|
| Total assets |
[1] |
1,618,292,776
|
1,282,221,057
|
| LIABILITIES AND EQUITY |
|
|
|
| Debt, net |
|
873,866,855
|
717,952,233
|
| Accounts payable and accrued liabilities |
|
22,693,941
|
23,038,976
|
| Due to affiliates |
|
584,291
|
667,429
|
| Distributions payable |
|
8,360,420
|
6,650,317
|
| Contingent earnout |
|
30,000,000
|
28,600,000
|
| Deferred tax liability |
|
7,719,098
|
8,380,215
|
| Total liabilities |
|
943,224,605
|
785,289,170
|
| Commitments and contingencies (Note 12) |
|
|
|
| Equity: |
|
|
|
| Additional paid-in capital |
|
724,739,872
|
492,408,006
|
| Distributions |
|
(210,964,464)
|
(163,953,169)
|
| Accumulated deficit |
|
(170,846,475)
|
(141,444,880)
|
| Accumulated other comprehensive loss |
|
(279,975)
|
(3,834,228)
|
| Total SmartStop Self Storage REIT, Inc. equity |
|
342,734,072
|
183,236,294
|
| Noncontrolling interests in our Operating Partnership |
|
64,632,417
|
59,982,111
|
| Other noncontrolling interests |
|
10,900
|
21,800
|
| Total noncontrolling interests |
|
64,643,317
|
60,003,911
|
| Total equity |
|
407,377,389
|
243,240,205
|
| Total liabilities and equity |
|
1,618,292,776
|
1,282,221,057
|
| Series A Convertible Preferred Stock |
|
|
|
| LIABILITIES AND EQUITY |
|
|
|
| Redeemable common stock / Preferred stock |
|
196,356,107
|
196,356,107
|
| Class A Common stock |
|
|
|
| Equity: |
|
|
|
| Common stock, value |
|
77,058
|
52,661
|
| Class T Common stock |
|
|
|
| Equity: |
|
|
|
| Common stock, value |
|
8,056
|
7,904
|
| Redeemable Common Stock |
|
|
|
| LIABILITIES AND EQUITY |
|
|
|
| Redeemable common stock / Preferred stock |
|
$ 71,334,675
|
$ 57,335,575
|
|
|