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

Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K
Filed at:   2024-06-25T23:59:59+00:00
Accession:  0000950170-24-077145
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SST VI Q1 revenue $6.6M (+69% YoY), NOI $3.3M, occupancy 85%
------------------------------------------------------------

- Revenue $6.6M, NOI $3.3M, property expenses 50% of revenue (24 operating facilities).
- Average physical occupancy 85% vs 78% in Q1 2023; portfolio grew from 17 to 24 facilities.
- Approx. $350M raised since inception; loan-to-total-assets ratio 51% as of 3/31/24.
- Distributions of $0.62/share/year paid entirely from offering proceeds; accumulated deficit ~$76M.
- Sponsor contributed $5M; six Canadian development projects underway via JVs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024077145/0000950170-24-077145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024077145/sstvi-20240625.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-077145

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