other material
confidence high
sentiment positive
materiality 0.55
Strategic Storage Trust VI sets estimated NAV per share at $10.00 as of March 31, 2024
Strategic Storage Trust VI, Inc.
- Estimated NAV per share of $10.00 for all share classes, based on total NAV of $226.6M and 22.65M shares outstanding.
- Appraised value of real estate facilities increased 17.1% to $600.7M from aggregate purchase price of $513.0M.
- Board applied a $15.0M upward adjustment (2%) above Kroll's mid-range appraisal for portfolio growth.
- Share price under DRIP set at $10.00 per share; redemption price for most classes at 93% of NAV ($9.30).
- Series B convertible preferred stock ($150M) assumed redeemed at liquidation value; conversion anti-dilutive at $11.00 conversion price.