secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0000950170-23-045310
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 Q2 2023 revenue $4.5M, NOI $2.5M, portfolio grows to 24 properties
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000095017023045310/0000950170-23-045310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000095017023045310/sstvi-20230830.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-045310

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