earnings
confidence high
sentiment neutral
materiality 0.50
SST VI reports Q2 2022 revenue of $1.87M, NOI of $815k; portfolio grows to 12 properties
Strategic Storage Trust VI, Inc.
- Revenue for three months ended June 30, 2022 was $1,873,118, up 96% from Q1 2022.
- Net operating income of $814,665, more than doubled from $395,637 in Q1 2022.
- Portfolio: 12 self-storage properties (plus 2 JV developments) valued at $196M, ~845k rentable sq ft.
- Equity raised approx. $125M as of July 31, 2022; LTV at 52% with ~$50M acquisition pipeline.
- Pays quarterly distribution at $0.60/share annually (Class A/T/W); occupancy at 80% (lease-up).