Strategic Storage Trust VI reports Q2 2024 revenue $7.0M; declares NAV of $10.00 per share

Strategic Storage Trust VI, Inc.

Q2 2024 revenue $6.996M (up 54% YoY from $4.534M); NOI $3.816M (up 54% YoY).
Portfolio occupancy 87% as of June 30, 2024 (77% a year ago); 24 operating properties, ~2.1M rentable sq ft.
Net asset value per share declared at $10.00 as of March 31, 2024; valuation range $7.45-$11.00 per Kroll.
Equity raised ~$358M through June 30, 2024; loan-to-total assets 51%; distributions paid at ~$0.62 annualized.
Accumulated deficit ~$87.4M; company expects no profitability in 2024; distributions funded from offering proceeds.

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