Strategic Storage Trust VI Q3 2023 revenue $6.3M; portfolio expands to 24 operating properties

Strategic Storage Trust VI, Inc.

Q3 2023 revenue $6.29M (up 138% YoY); NOI $3.37M (up 151% YoY); property expense ratio improved to 46%.
Portfolio: $502M purchase price, 24 operating + 5 development properties, 2.1M sq ft, 18,540 units, 83% occupancy as of Nov 30.
Equity raised approx $328M as of Sep 30; loan-to-value 51%; accumulated deficit $45.6M.
Distributions $0.001698/day ($0.62/yr per share); paid from offering proceeds, not operating cash flow.
Sponsor contributed $5M; new transfer agent SS&C; recent Canadian acquisitions drive growth.

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