secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0000950170-24-110754
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024110754/0000950170-24-110754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024110754/sstvi-20241001.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-110754

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