secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0000950170-23-025975
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strategic Storage Trust VI Q1 2023 revenue $3.9M, NOI $1.9M; portfolio expands to 22 properties
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000095017023025975/0000950170-23-025975-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000095017023025975/sstvi-20230602.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-025975

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer