secwatch.observer — SEC 8-K summary
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Issuer:     Strategic Storage Trust VI, Inc. (SGST)
CIK:        0001852575
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0000950170-24-138559
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Strategic Storage Trust VI reports Q3 2024 revenue up 16% YoY to $7.28M; occupancy 86%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024138559/0000950170-24-138559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1852575/000095017024138559/sstvi-20241219.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-138559

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