earnings
confidence high
sentiment positive
materiality 0.60
Strategic Storage Trust VI reports Q3 2024 revenue up 16% YoY to $7.28M; occupancy 86%
Strategic Storage Trust VI, Inc.
- Q3 2024 revenue $7.28M vs $6.29M in Q3 2023; NOI increased to $4.09M from $3.37M.
- Average physical occupancy improved to 86% from 82% YoY; property OpEx ratio fell to 44% from 46%.
- Portfolio valued at ~$502M (purchase price) with 24 operating properties, ~19,950 units, and 84% occupancy as of Nov 30.
- Equity raised approx $367M as of Sep 30; loan-to-total assets ratio 52%; NAV per share $10.00 as of Mar 31, 2024.
- Annualized distribution rate $0.62 per share across all share classes; sponsor contributed $5M upfront.