SST VI reports Q4 2022 revenue $3.3M, NOI $1.85M; portfolio grows to 17 properties

Strategic Storage Trust VI, Inc.

Q4 2022 revenue $3.32M vs $2.64M in Q3 2022; NOI $1.85M vs $1.34M.
Property operating expenses as % of revenue improved to 44% from 49%.
Portfolio: 17 self storage properties + 4 JV developments, $309M total, 1.5M RSF, 12,600 units, 81% occupancy.
Equity raised approx. $162M as of 3/31/23; loan-to-value 57%.
Annual distribution rate $0.62/share for Class A, T, W shares.

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