earnings
confidence high
sentiment neutral
materiality 0.65
Strategic Storage Trust VI Q3 revenue up 8.7% to $7.9M; raises $28M in preferred
Strategic Storage Trust VI, Inc.
- Q3 total revenue $7.9M (+8.7% YoY); same-store NOI +9.8%; occupancy 91.5%.
- YTD total revenue $22.9M (+9.8% YoY); YTD net loss improved 19.4%.
- Series D preferred: affiliate of SmartStop (SMA) purchased 1.12M units for $28M at $25/unit; used to pay down debt.
- Series E preferred offering: up to $75M ($100M max) at $10/sh, 8% dividend, through Sep 2026.
- Distribution declared: $0.001698/day/share for Q4 2025 (Oct-Dec).