secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K
Filed at:   2023-12-12T23:59:59+00:00
Accession:  0000950170-23-069618
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 Q3 2023 revenue $6.3M; portfolio expands to 24 operating properties
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000095017023069618/0000950170-23-069618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000095017023069618/sstvi-20231212.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-069618

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