other material
confidence high
sentiment neutral
materiality 0.50
Strategic Storage Trust VI Q1 2023 revenue $3.9M, NOI $1.9M; portfolio expands to 22 properties
Strategic Storage Trust VI, Inc.
- Q1 2023 revenue $3.9M vs $952K YoY; net operating income $1.9M vs $396K; property expenses 52% of revenue.
- 17 operating properties at 78% average physical occupancy as of Mar 31, 2023, up from 77% a year earlier.
- Portfolio totals 22 properties (18 acquired, 4 development) with 1.55M sq ft and 12,950 units; 81% occupancy as of May 31, 2023.
- Approx. $317M raised; ~40% loan-to-value; $159M acquisition pipeline as of May 31, 2023.
- Distribution rate $0.62/share annually (Class A/T/W); paid from offering proceeds, not operating cash flow.