Strategic Storage Trust VI Q2 2023 revenue $4.5M, NOI $2.5M, portfolio grows to 24 properties

Strategic Storage Trust VI, Inc.

Q2 2023 revenue $4.5M (up from $1.9M in Q2 2022); NOI $2.5M (up from $0.8M).
Portfolio: 24 operating + 4 development properties; ~2.1M RSF; 18,540 units; occupancy ~80% as of 7/31/23.
Raised approx. $325M via public/private equity and preferred; LTV ~51% as of 6/30/23.
Accumulated deficit $32.4M; distributions paid from offering proceeds, not operations.
Acquired multiple Canadian properties in Q2 2023 (Toronto, Mississauga, Burlington, etc.) at varying occupancies.

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