earnings
confidence high
sentiment positive
materiality 0.55
SST VI reports Q3 2022 revenue $2.64M, NOI $1.34M; portfolio grows to 14 properties, $233M total
Strategic Storage Trust VI, Inc.
- Q3 revenue $2,641,771, NOI $1,340,881; avg occupancy 83% at 14 operating facilities (up from 76% in Q2).
- Portfolio of 14 self storage properties totals $233.65M, ~1.1M sq ft, 9,565 units, 84% occupancy as of Oct 2022.
- Approx. $142M equity raised as of Oct 2022; 57% loan-to-value; $30M acquisition pipeline.
- Distribution rate $0.62/share annually for Class A/T/W (T and W reduced by servicing fees).
- Sequential improvement: Q3 NOI $1.34M vs Q2 $0.81M; operating facilities increased from 11 to 14.