secwatch.observer — SEC 8-K summary
======================================

Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K
Filed at:   2024-04-16T23:59:59+00:00
Accession:  0000950170-24-044711
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SST VI reports Q4 2023 revenue $6.4M, NOI $3.3M; accumulated deficit $64.1M
---------------------------------------------------------------------------

- Q4 revenue $6.4M (up from $3.3M YoY); net operating income $3.3M (up from $1.9M YoY).
- Accumulated deficit $64.1M as of Dec 31, 2023; company expects no profitability in 2024.
- Portfolio: 24 operating properties, 6 developments; ~2.1M RSF, 18,540 units; occupancy 85% as of Mar 31, 2024.
- Raised ~$340M (public/private/preferred equity); loan-to-total assets approx 51% as of Dec 31, 2023.
- Distributions paid solely from offering proceeds; not from operations, per management disclosure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024044711/0000950170-24-044711-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024044711/sstvi-20240416.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-044711

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