2017 Q1 Form 10-Q Financial Statement
#000119312517168648 Filed on May 12, 2017
Income Statement
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
Revenue | $17.71M | $6.235M |
YoY Change | 184.02% | 107.35% |
Cost Of Revenue | $5.937M | $2.497M |
YoY Change | 137.79% | 109.8% |
Gross Profit | $11.77M | $3.738M |
YoY Change | 214.9% | 105.75% |
Gross Profit Margin | 66.47% | 59.95% |
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $4.774M | $1.457M |
YoY Change | 227.63% | -12.36% |
% of Gross Profit | 40.56% | 38.99% |
Operating Expenses | ||
YoY Change | ||
Operating Profit | -$552.1K | -$3.814M |
YoY Change | -85.52% | 30.68% |
Interest Expense | $3.564M | $482.2K |
YoY Change | 639.16% | -9.29% |
% of Operating Profit | ||
Other Income/Expense, Net | -$84.35K | -$29.73K |
YoY Change | 183.73% | -43.1% |
Pretax Income | ||
YoY Change | ||
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$5.221M | -$4.505M |
YoY Change | 15.9% | -9.53% |
Net Earnings / Revenue | -29.49% | -72.26% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | ||
COMMON SHARES | ||
Basic Shares Outstanding | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $11.58M | $63.57M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | ||
YoY Change | ||
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | ||
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | ||
Total Long-Term Assets | ||
Total Assets | $835.7M | $317.3M |
YoY Change | 163.35% | 106.92% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | ||
YoY Change | ||
LONG-TERM LIABILITIES | ||
Long-Term Debt | ||
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | ||
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | ||
Total Long-Term Liabilities | ||
Total Liabilities | $404.0M | $52.17M |
YoY Change | 674.37% | -38.39% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$48.97M | -$22.19M |
YoY Change | 120.65% | 200.87% |
Common Stock | $496.2M | $292.0M |
YoY Change | 69.9% | 1271.25% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $412.7M | $262.8M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $835.7M | $317.3M |
YoY Change | 163.35% | 106.92% |
Cashflow Statement
Concept | 2017 Q1 | 2016 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$5.221M | -$4.505M |
YoY Change | 15.9% | -9.53% |
Depreciation, Depletion And Amortization | $4.774M | $1.457M |
YoY Change | 227.63% | -12.36% |
Cash From Operating Activities | ||
YoY Change | ||
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | ||
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $18.76M | $115.4M |
YoY Change | -83.75% | 1315.38% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | ||
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | ||
Cash From Investing Activities | ||
Cash From Financing Activities | ||
Net Change In Cash | -2.742M | |
YoY Change | ||
FREE CASH FLOW | ||
Cash From Operating Activities | ||
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2015Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
28104470 | |
CY2017Q1 | invest |
Derivative Notional Amount
DerivativeNotionalAmount
|
58500000 | |
CY2017Q1 | us-gaap |
Derivative Average Forward Exchange Rate1
DerivativeAverageForwardExchangeRate1
|
1.3058 | |
CY2017Q1 | ck0001585389 |
Number Of Real Estate Properties Removed From Encumbrance
NumberOfRealEstatePropertiesRemovedFromEncumbrance
|
5 | Property |
CY2017Q1 | ck0001585389 |
Number Of Foreign Currency Forward Contracts Settled
NumberOfForeignCurrencyForwardContractsSettled
|
2 | Contract |
CY2016Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
63573265 | |
CY2017Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000000 | shares |
CY2017Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2017Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-48968825 | |
CY2017Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | |
CY2017Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
169357842 | |
CY2017Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
13062238 | |
CY2017Q1 | us-gaap |
Liabilities
Liabilities
|
404006065 | |
CY2017Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
835659541 | |
CY2017Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1140152 | |
CY2017Q1 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
8047606 | |
CY2017Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
412712229 | |
CY2017Q1 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
3180465 | |
CY2017Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
390361353 | |
CY2017Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
496174563 | |
CY2017Q1 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
14194453 | |
CY2017Q1 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
19601857 | |
CY2017Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
124979420 | |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
19900000 | |
CY2017Q1 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
389977293 | |
CY2017Q1 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
799099622 | |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
9800000 | |
CY2017Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2017Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
417459023 | |
CY2017Q1 | us-gaap |
Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
|
4746794 | |
CY2017Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
1698534 | |
CY2017Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
25421574 | |
CY2017Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
2800701 | |
CY2017Q1 | us-gaap |
Development In Process
DevelopmentInProcess
|
334757 | |
CY2017Q1 | us-gaap |
Other Assets
OtherAssets
|
5438305 | |
CY2017Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
506122092 | |
CY2017Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Buildings
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings
|
90112135 | |
CY2017Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
4413750 | |
CY2017Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11581497 | |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
98000000 | |
CY2017Q1 | us-gaap |
Land
Land
|
270258082 | |
CY2017Q1 | us-gaap |
Land Improvements
LandImprovements
|
42321305 | |
CY2017Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
3710903 | |
CY2017Q1 | us-gaap |
Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
|
35689365 | |
CY2017Q1 | us-gaap |
Assets
Assets
|
835659541 | |
CY2017Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
94525885 | |
CY2017Q1 | us-gaap |
Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
|
52900000 | |
CY2017Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
1768155 | |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
13726302 | |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
33600000 | |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
98000000 | |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
98000000 | |
CY2017Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
2400000 | |
CY2017Q1 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
818701479 | |
CY2017Q1 | us-gaap |
Real Estate Investments
RealEstateInvestments
|
799434379 | |
CY2017Q1 | ck0001585389 |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Debt
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDebt
|
38360236 | |
CY2017Q1 | ck0001585389 |
Accumulated Amortization Of Debt Issuance Costs
AccumulatedAmortizationOfDebtIssuanceCosts
|
900000 | |
CY2017Q1 | ck0001585389 |
Real Estate Investment Property At Cost Excluding Construction In Progress
RealEstateInvestmentPropertyAtCostExcludingConstructionInProgress
|
818701479 | |
CY2017Q1 | ck0001585389 |
Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
DebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
55841745 | |
CY2016Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
200000000 | shares |
CY2016Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2016Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-43777711 | |
CY2016Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | |
CY2016Q4 | us-gaap |
Liabilities
Liabilities
|
331209006 | |
CY2016Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
752553611 | |
CY2016Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1377950 | |
CY2016Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
4601422 | |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
410681393 | |
CY2016Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
3178235 | |
CY2016Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
480692731 | |
CY2016Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
10711682 | |
CY2016Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
14855188 | |
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
16100000 | |
CY2016Q4 | us-gaap |
Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
|
320820740 | |
CY2016Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
CY2016Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
410632923 | |
CY2016Q4 | us-gaap |
Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
|
-48470 | |
CY2016Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
2608609 | |
CY2016Q4 | us-gaap |
Development In Process
DevelopmentInProcess
|
1740139 | |
CY2016Q4 | us-gaap |
Other Assets
OtherAssets
|
5533182 | |
CY2016Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
439426157 | |
CY2016Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
14993869 | |
CY2016Q4 | us-gaap |
Land
Land
|
249051278 | |
CY2016Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
712600545 | |
CY2016Q4 | us-gaap |
Land Improvements
LandImprovements
|
38978298 | |
CY2016Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
3040936 | |
CY2016Q4 | us-gaap |
Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
|
27665337 | |
CY2016Q4 | us-gaap |
Assets
Assets
|
752553611 | |
CY2016Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
1550410 | |
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
13094530 | |
CY2016Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
29200000 | |
CY2016Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
727455733 | |
CY2016Q4 | us-gaap |
Real Estate Investments
RealEstateInvestments
|
714340684 | |
CY2016Q4 | ck0001585389 |
Accumulated Amortization Of Debt Issuance Costs
AccumulatedAmortizationOfDebtIssuanceCosts
|
700000 | |
CY2016Q4 | ck0001585389 |
Real Estate Investment Property At Cost Excluding Construction In Progress
RealEstateInvestmentPropertyAtCostExcludingConstructionInProgress
|
727455733 | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
1400000 | |
CY2014Q3 | ck0001585389 |
Beneficial Non Voting Equity Interest
BeneficialNonVotingEquityInterest
|
0.15 | pure |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-1854702 | ||
us-gaap |
Revenues
Revenues
|
6234589 | ||
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
2986 | ||
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
0 | ||
us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
8335 | ||
us-gaap |
Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
|
47241 | ||
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
15000400 | ||
us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
6196842 | ||
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
10810880 | ||
us-gaap |
Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
|
3800000 | ||
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
1051833 | ||
us-gaap |
Payments For Hedge Investing Activities
PaymentsForHedgeInvestingActivities
|
0 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3814337 | ||
us-gaap |
Interest Paid
InterestPaid
|
456241 | ||
us-gaap |
Increase In Restricted Cash
IncreaseInRestrictedCash
|
19670 | ||
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1300408 | ||
us-gaap |
Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
|
2019933 | ||
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-3798719 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-3795812 | ||
us-gaap |
Profit Loss
ProfitLoss
|
-4508654 | ||
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
3000000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1667776 | ||
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
43639 | ||
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
69280821 | ||
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
869131 | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-29728 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
709935 | ||
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4505204 | ||
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
16875227 | ||
us-gaap |
Depreciation
Depreciation
|
1457284 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
-126888 | ||
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | ||
us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
178813 | ||
us-gaap |
Interest Expense
InterestExpense
|
482207 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-74152324 | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
115408434 | ||
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
2800000 | ||
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3312049 | ||
us-gaap |
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
|
1651475 | ||
us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
7077 | ||
us-gaap |
Affiliate Costs
AffiliateCosts
|
701309 | ||
us-gaap |
Costs And Expenses
CostsAndExpenses
|
10048926 | ||
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
694768 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
111602709 | ||
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-3450 | ||
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
218108 | ||
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1854765 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
35468795 | ||
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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Cost Of Revenue
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Business Acquisition Pro Forma Net Income Loss Attributable To Common Stockholders
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Accretion Of Fair Market Value Of Secured Debt
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Non Cash Transactions Offering Costs Included In Accounts Payable And Accrued Liabilities
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Non Cash Transactions Offering Costs Included In Due To Affiliates
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Non Cash Transactions Redemption Of Common Stock Included In Accounts Payable And Accrued Liabilities
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Non Cash Transactions Distribution Payable
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Non Cash Transactions Proceeds From Issuance Of Common Stock In Other Assets
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|
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Other Property Acquisition Expenses
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|
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Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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|
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Business Combination Acquisition Related Costs Paid To Affiliates
BusinessCombinationAcquisitionRelatedCostsPaidToAffiliates
|
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Ancillary Operating Income
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|
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|
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Business Acquisition Pro Forma Acquisition Related Costs
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|
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Business Acquisitions Pro Forma Operating Expenses
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|
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|
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Interest Expense Debt Issuance Costs
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|
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Non Cash Transactions Foreign Currency Forward Contract Gain Loss Included In Accounts Payable And Accrued Liabilities
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|
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ck0001585389 |
Issuance Of Units In Operating Partnership In Exchange For Real Estate
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|
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Non Cash Transactions Debt And Construction Liabilities On Purchase Of Real Estate
NonCashTransactionsDebtAndConstructionLiabilitiesOnPurchaseOfRealEstate
|
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Transfer Of Construction In Process To Real Estate Facilities
TransferOfConstructionInProcessToRealEstateFacilities
|
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ck0001585389 |
Other Comprehensive Income Foreign Currency Forward Contract Gain Loss Net Of Tax
OtherComprehensiveIncomeForeignCurrencyForwardContractGainLossNetOfTax
|
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Related Party Transaction Expenses From Transactions With Related Party
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|
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Related Party Transaction Cash Paid
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|
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CY2017Q1 | dei |
Document Fiscal Period Focus
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|
Q1 | |
CY2017Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2017 | |
CY2017Q1 | dei |
Document Type
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|
10-Q | |
CY2017Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001585389 | |
CY2017Q1 | dei |
Entity Incorporation Date Of Incorporation
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|
2013-01-08 | |
CY2017Q1 | us-gaap |
Nature Of Operations
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<div> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Note 1. Organization</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Strategic Storage Trust II, Inc., a Maryland corporation (the “Company”), was formed on January 8, 2013 under the Maryland General Corporation Law for the purpose of engaging in the business of investing in self storage facilities. The Company’s <font style="white-space:nowrap">year-end</font> is December 31. As used in this report, “we,” “us,” “our,” and “Company” refer to Strategic Storage Trust II, Inc. and each of our subsidiaries.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Strategic Storage Holdings, LLC, a Delaware limited liability company (“SSH”), was the sponsor of our Offering (as defined below) through August 31, 2014. Effective August 31, 2014, SmartStop Self Storage, Inc. (“SmartStop”), entered into a series of transactions, agreements and amendments to its existing agreements and arrangements (such agreements and amendments hereinafter referred to collectively as the “Self Administration and Investment Management Transaction”) with SSH and its affiliates, pursuant to which, effective August 31, 2014, SmartStop acquired the self storage advisory, asset management, property management and investment management businesses of SSH. SmartStop also acquired SSH’s sole membership interest in SmartStop Asset Management, LLC (formerly Strategic Storage Realty Group, LLC), which owns 97.5% of the economic interests (and 100% of the voting membership interests) of Strategic Storage Advisor II, LLC (our “Advisor”) and owns 100% of Strategic Storage Property Management II, LLC (our “Property Manager”).</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> On October 1, 2015, SmartStop and Extra Space Storage Inc. (“Extra Space”), along with subsidiaries of each of SmartStop and Extra Space, closed on a merger transaction (the “Extra Space Merger”) in which SmartStop was acquired by Extra Space for $13.75 per share in cash, representing an enterprise value of approximately $1.4 billion. At the closing of the Extra Space Merger, SmartStop Asset Management, LLC, the owner of our Property Manager and majority owner and sole voting member of our Advisor, was sold to an entity controlled by H. Michael Schwartz, our Chairman of the Board of Directors and Chief Executive Officer, and became our sponsor (our “Sponsor”). The former executive management team of SmartStop continues to serve as the executive management team for our Sponsor. In addition, our management team remains the same, as well as the management team of our Advisor and Property Manager.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> We have no employees. Our Advisor, a Delaware limited liability company, was formed on January 8, 2013. Our Advisor is responsible for managing our affairs on a <font style="white-space:nowrap"><font style="white-space:nowrap">day-to-day</font></font> basis and identifying and making acquisitions and investments on our behalf under the terms of the advisory agreement we have with our Advisor (our “Advisory Agreement”). The officers of our Advisor are also officers of us and our Sponsor.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> On August 2, 2013, our Advisor purchased 100 shares of our common stock for $1,000 and became our initial stockholder. Our Articles of Amendment and Restatement, as amended, authorized 350,000,000 shares of Class A common stock, $0.001 par value per share (the “Class A Shares”) and 350,000,000 shares of Class T common stock, $0.001 par value per share (the “Class T Shares”) and 200,000,000 shares of preferred stock with a par value of $0.001. We offered a maximum of $1.0 billion in common shares for sale to the public (the “Primary Offering”) and $95.0 million in common shares for sale pursuant to our distribution reinvestment plan (collectively, the “Offering”).</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> On January 10, 2014, the Securities and Exchange Commission (“SEC”) declared our registration statement effective. On May 23, 2014, we satisfied the $1.5 million minimum offering requirements of our Offering and commenced formal operations. On September 28, 2015, we revised our Primary Offering to offer two classes of shares of common stock: Class A Shares and Class T Shares. On January 9, 2017, our Primary Offering terminated. We sold approximately 48 million Class A Shares and approximately 7 million Class T Shares for approximately $493 million and $73 million respectively, in our Offering. On November 30, 2016, we filed with the SEC a Registration Statement on Form <font style="white-space:nowrap">S-3,</font> which registered up to an additional $100.9 million in shares under our distribution reinvestment plan (our “DRP Offering”). The DRP Offering may be terminated at any time upon 10 days’ prior written notice to stockholders. As of March 31, 2017, we had sold approximately 0.3 million Class A Shares and approximately 50,000 Class T Shares for approximately $3.4 million and $0.5 million, respectively, in our DRP Offering.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> On April 13, 2017, our board of directors, upon recommendation of our nominating and corporate governance committee, approved an estimated value per share of our common stock of $10.22 for our Class A Shares and Class T Shares based on the estimated value of our assets less the estimated value of our liabilities, or net asset value, divided by the number of shares outstanding on a fully diluted basis, calculated as of December 31, 2016. See our Current Report on Form <font style="white-space:nowrap">8-K</font> filed with the SEC on April 18, 2017 for a description of the methodologies and assumptions used to determine, and the limitations of, the estimated value per share.</p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">  </p> <p style="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> As a result of the calculation of our estimated value per share, effective in May 2017, shares sold pursuant to our distribution reinvestment plan are sold at the estimated value per share of $10.22 for both Class A Shares and Class T Shares.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Our operating partnership, Strategic Storage Operating Partnership II, L.P., a Delaware limited partnership (our “Operating Partnership”), was formed on January 9, 2013. During 2013, our Advisor purchased limited partnership interests in our Operating Partnership for $200,000 and on August 2, 2013, we contributed the initial $1,000 capital contribution we received to our Operating Partnership in exchange for the general partner interest. In conjunction with the Toronto Merger (as defined in Note 7) we issued an aggregate of approximately 483,197 Class A Units of our Operating Partnership to the common stockholders of SS Toronto, consisting of Strategic 1031, LLC (“Strategic 1031”), a subsidiary of our Sponsor, and SS Toronto REIT Advisors, Inc., an affiliate of our Sponsor. Our Operating Partnership owns, directly or indirectly through one or more special purpose entities, all of the self storage properties that we have acquired and the self storage properties we will acquire in the future. As of March 31, 2017, we owned approximately 99.1% of the common units of limited partnership interests of our Operating Partnership. The remaining approximately 0.9% of the common units are owned by our Advisor, Strategic 1031, and SS Toronto REIT Advisors, Inc. As the sole general partner of our Operating Partnership, we have the exclusive power to manage and conduct the business of our Operating Partnership. We conduct certain activities through our taxable REIT subsidiary, Strategic Storage TRS II, Inc., a Delaware corporation (the “TRS”), which is a wholly-owned subsidiary of our Operating Partnership.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Our Property Manager was formed on January 8, 2013 to manage our properties. Our Property Manager derives substantially all of its income from the property management services it performs for us. Our Property Manager may enter into <font style="white-space:nowrap">sub-property</font> management agreements with third party management companies and pay part of its management fee to such <font style="white-space:nowrap">sub-property</font> manager. At the closing of the Extra Space Merger, we entered into new property management agreements with our Property Manager and our Property Manager entered into <font style="white-space:nowrap">sub-property</font> management agreements with an affiliate of Extra Space for the management of our properties in the United States. Furthermore, Extra Space acquired the rights to the “SmartStop<sup style="font-size:85%; vertical-align:top">®</sup> Self Storage” brand in the United States through the Extra Space Merger and we could no longer utilize this brand in the United States. The properties we owned were <font style="white-space:nowrap">re-branded</font> under the Extra Space name subsequent to the Extra Space Merger. However, any properties owned or acquired in Canada are managed by a subsidiary of our Sponsor and continue to be branded using the SmartStop<sup style="font-size:85%; vertical-align:top">®</sup> Self Storage brand.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Our dealer manager was Select Capital Corporation, a California corporation (our “Dealer Manager”). Our Dealer Manager was responsible for marketing our shares offered pursuant to our Primary Offering. Our Chief Executive Officer owned, through a wholly-owned limited liability company, a 15% <font style="white-space:nowrap">non-voting</font> equity interest in our Dealer Manager through August 31, 2014. Effective August 31, 2014, SmartStop indirectly owned the 15% <font style="white-space:nowrap">non-voting</font> equity interest in our Dealer Manager pursuant to the Self Administration and Investment Management Transaction. Effective October 1, 2015, in connection with the Extra Space Merger, the 15% <font style="white-space:nowrap">non-voting</font> equity interest in our Dealer Manager is now owned by our Sponsor. An affiliate of our Dealer Manager continues to own a 2.5% <font style="white-space:nowrap">non-voting</font> membership interest in our Advisor.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> As we accepted subscriptions for shares of our common stock, we transferred all of the net offering proceeds to our Operating Partnership as capital contributions in exchange for additional units of interest in our Operating Partnership. However, we were deemed to have made capital contributions in the amount of gross proceeds received from investors, and our Operating Partnership was deemed to have simultaneously paid the sales commissions and other costs associated with the Offering. In addition, our Operating Partnership is structured to make distributions with respect to limited partnership units that are equivalent to the distributions made to holders of common stock. Finally, a limited partner in our Operating Partnership may later exchange his or her limited partnership units in our Operating Partnership for shares of our common stock at any time after one year following the date of issuance of their limited partnership units, subject to certain restrictions outlined in our Operating Partnership’s limited partnership agreement (the “Operating Partnership Agreement”). Our Advisor is prohibited from exchanging or otherwise transferring its limited partnership units so long as it is acting as our Advisor pursuant to our Advisory Agreement.</p> </div> | |
CY2017Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
2422079 | |
CY2017Q1 | dei |
Trading Symbol
TradingSymbol
|
ck0001585389 | |
CY2017Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2017Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.15 | |
CY2017Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2017Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2017-03-31 | |
CY2017Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2017Q1 | us-gaap |
Use Of Estimates
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|
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 4%; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. The current economic environment has increased the degree of uncertainty inherent in these estimates and assumptions. Management will adjust such estimates when facts and circumstances dictate. Actual results could materially differ from those estimates. The most significant estimates made include the allocation of property purchase price to tangible and intangible assets acquired and liabilities assumed at fair value, the determination if certain entities should be consolidated, the evaluation of potential impairment of long-lived assets, and the useful lives of real estate assets and intangibles.</p> </div> | |
CY2017Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
STRATEGIC STORAGE TRUST II, INC. | |
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Temporary Equity Issue Period Increase Or Decrease
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|
-3866834 | |
CY2017Q1 | us-gaap |
Revenues
Revenues
|
17707546 | |
CY2017Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
25199 | |
CY2017Q1 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
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CY2017Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
411763 | |
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Interest Paid Capitalized
InterestPaidCapitalized
|
0 | |
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Increase Decrease In Restricted Cash For Operating Activities
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|
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Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
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|
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Repayments Of Debt
RepaymentsOfDebt
|
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Real Estate Revenue Net
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|
17612186 | |
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Payments Of Stock Issuance Costs
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|
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Payments For Proceeds From Deposits On Real Estate Acquisitions
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|
0 | |
CY2017Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
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CY2017Q1 | us-gaap |
Payments For Hedge Investing Activities
PaymentsForHedgeInvestingActivities
|
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Operating Income Loss
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|
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Interest Paid
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|
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Increase In Restricted Cash
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|
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Increase Decrease In Other Operating Assets
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|
1703041 | |
CY2017Q1 | us-gaap |
Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
|
250000 | |
CY2017Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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|
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Comprehensive Income Net Of Tax
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|
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|
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Stock Issued During Period Value Dividend Reinvestment Plan
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|
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Profit Loss
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|
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Payments To Acquire Intangible Assets
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|
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Payments Of Dividends Common Stock
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|
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Partners Capital Account Sale Of Units
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|
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|
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Stock Issued During Period Value New Issues
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|
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CY2017Q1 | us-gaap |
Repayments Of Secured Debt
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|
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Payments To Acquire Real Estate
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|
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Payments Of Financing Costs
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|
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Other Nonoperating Income Expense
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|
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Other Comprehensive Income Loss Net Of Tax
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|
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Net Income Loss Available To Common Stockholders Basic
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|
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Business Acquisitions Pro Forma Revenue
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|
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CY2017Q1 | us-gaap |
Depreciation
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|
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CY2017Q1 | us-gaap |
Impairment Of Long Lived Assets Held For Use
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CY2017Q1 | us-gaap |
Increase Decrease In Due To Affiliates
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Interest Expense
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|
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Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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|
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Stock Redeemed Or Called During Period Value
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CY2017Q1 | us-gaap |
Business Combination Acquisition Related Costs
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|
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Depreciation And Amortization
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CY2017Q1 | us-gaap |
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
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|
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CY2017Q1 | us-gaap |
Restricted Stock Expense
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|
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CY2017Q1 | us-gaap |
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Dividends Common Stock
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|
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Net Cash Provided By Used In Financing Activities Continuing Operations
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|
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Net Income Loss Attributable To Noncontrolling Interest
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|
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Real Estate Other Acquisitions
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|
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Real Estate Improvements
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|
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Cost Of Revenue
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|
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Increase Decrease In Accounts Payable And Accrued Liabilities
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|
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Proceeds From Issuance Of Debt
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|
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Business Acquisition Pro Forma Net Income Loss Attributable To Common Stockholders
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|
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CY2017Q1 | ck0001585389 |
Stock Issuable During Period Value Dividend Reinvestment Plan
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|
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CY2017Q1 | ck0001585389 |
Accretion Of Fair Market Value Of Secured Debt
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|
8634 | |
CY2017Q1 | ck0001585389 |
Non Cash Transactions Offering Costs Included In Accounts Payable And Accrued Liabilities
NonCashTransactionsOfferingCostsIncludedInAccountsPayableAndAccruedLiabilities
|
15000 | |
CY2017Q1 | ck0001585389 |
Non Cash Transactions Offering Costs Included In Due To Affiliates
NonCashTransactionsOfferingCostsIncludedInDueToAffiliates
|
299299 | |
CY2017Q1 | ck0001585389 |
Maximum Period For Reimbursement Of Offering Cost
MaximumPeriodForReimbursementOfOfferingCost
|
P60D | |
CY2017Q1 | ck0001585389 |
Non Cash Transactions Redemption Of Common Stock Included In Accounts Payable And Accrued Liabilities
NonCashTransactionsRedemptionOfCommonStockIncludedInAccountsPayableAndAccruedLiabilities
|
384063 | |
CY2017Q1 | ck0001585389 |
Non Cash Transactions Distribution Payable
NonCashTransactionsDistributionPayable
|
2800701 | |
CY2017Q1 | ck0001585389 |
Non Cash Transactions Proceeds From Issuance Of Common Stock In Other Assets
NonCashTransactionsProceedsFromIssuanceOfCommonStockInOtherAssets
|
0 | |
CY2017Q1 | ck0001585389 |
Other Property Acquisition Expenses
OtherPropertyAcquisitionExpenses
|
265763 | |
CY2017Q1 | ck0001585389 |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
|
-620291 | |
CY2017Q1 | ck0001585389 |
Business Combination Acquisition Related Costs Paid To Affiliates
BusinessCombinationAcquisitionRelatedCostsPaidToAffiliates
|
212577 | |
CY2017Q1 | ck0001585389 |
Ancillary Operating Income
AncillaryOperatingIncome
|
95360 | |
CY2017Q1 | ck0001585389 |
Maximum Offering Cost Rate Incurred On Behalf Of Entity
MaximumOfferingCostRateIncurredOnBehalfOfEntity
|
0.035 | pure |
CY2017Q1 | ck0001585389 |
Non Cash Transactions Additions To Real Estate In Accounts Payable And Accrued Liabilities
NonCashTransactionsAdditionsToRealEstateInAccountsPayableAndAccruedLiabilities
|
0 | |
CY2017Q1 | ck0001585389 |
Business Acquisition Pro Forma Acquisition Related Costs
BusinessAcquisitionProFormaAcquisitionRelatedCosts
|
500000 | |
CY2017Q1 | ck0001585389 |
Related Party Transaction Cash Paid
RelatedPartyTransactionCashPaid
|
4394346 | |
CY2017Q1 | ck0001585389 |
Minimum Percentage Of Ordinary Taxable Income To Be Distributed To Stockholders
MinimumPercentageOfOrdinaryTaxableIncomeToBeDistributedToStockholders
|
0.90 | pure |
CY2017Q1 | ck0001585389 |
Business Acquisitions Pro Forma Operating Expenses
BusinessAcquisitionsProFormaOperatingExpenses
|
18343755 | |
CY2017Q1 | ck0001585389 |
Redemption Of Common Stock
RedemptionOfCommonStock
|
245509 | |
CY2017Q1 | ck0001585389 |
Real Estate Facilities Foreign Exchange Gain Loss Impact
RealEstateFacilitiesForeignExchangeGainLossImpact
|
1030305 | |
CY2017Q1 | ck0001585389 |
Real Estate Facilities Depreciation Expense And Foreign Exchange Gain Loss Impact
RealEstateFacilitiesDepreciationExpenseAndForeignExchangeGainLossImpact
|
4746669 | |
CY2017Q1 | ck0001585389 |
Interest Expense Debt Issuance Costs
InterestExpenseDebtIssuanceCosts
|
1029326 | |
CY2017Q1 | ck0001585389 |
Non Cash Transactions Foreign Currency Forward Contract Gain Loss Included In Accounts Payable And Accrued Liabilities
NonCashTransactionsForeignCurrencyForwardContractGainLossIncludedInAccountsPayableAndAccruedLiabilities
|
1013433 | |
CY2017Q1 | ck0001585389 |
Issuance Of Units In Operating Partnership In Exchange For Real Estate
IssuanceOfUnitsInOperatingPartnershipInExchangeForRealEstate
|
4875454 | |
CY2017Q1 | ck0001585389 |
Foreign Currency Forward Contracts Settlement Date
ForeignCurrencyForwardContractsSettlementDate
|
2017-03-09 | |
CY2017Q1 | ck0001585389 |
Non Cash Transactions Debt And Construction Liabilities On Purchase Of Real Estate
NonCashTransactionsDebtAndConstructionLiabilitiesOnPurchaseOfRealEstate
|
39967786 | |
CY2017Q1 | ck0001585389 |
Transfer Of Construction In Process To Real Estate Facilities
TransferOfConstructionInProcessToRealEstateFacilities
|
1693458 | |
CY2017Q1 | ck0001585389 |
Other Comprehensive Income Foreign Currency Forward Contract Gain Loss Net Of Tax
OtherComprehensiveIncomeForeignCurrencyForwardContractGainLossNetOfTax
|
-411763 | |
CY2016Q2 | us-gaap |
Revenues
Revenues
|
9799189 | |
CY2016Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-8909530 | |
CY2016Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-10729510 | |
CY2016Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-10724129 | |
CY2016Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
18708719 | |
CY2016Q3 | us-gaap |
Revenues
Revenues
|
14457550 | |
CY2016Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1295553 | |
CY2016Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-6341069 | |
CY2016Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-6338356 | |
CY2016Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
15753103 | |
CY2016Q4 | us-gaap |
Revenues
Revenues
|
14939818 | |
CY2016Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-891083 | |
CY2016Q4 | us-gaap |
Profit Loss
ProfitLoss
|
-4524376 | |
CY2016Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4522696 | |
CY2016Q4 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
15830901 |