Quarterly ResultMay 12, 2026, 04:31 PM
Strategic Storage Trust VI Q1 Net Loss $(12.08)M; EPS $(0.45)
AI Summary
Strategic Storage Trust VI reported an increased net loss attributable to common stockholders of $(12.08) million, or $(0.45) per share, for the first quarter of 2026, compared to a net loss of $(10.18) million, or $(0.40) per share, in the prior year. Despite the increased loss, total revenues grew to $7.82 million, and cash provided by operating activities turned positive at $1.26 million. The company's board also approved an estimated Net Asset Value (NAV) of $10.00 per share as of September 30, 2025, and confirmed the termination of its Primary Offering while continuing its Distribution Reinvestment Plan (DRP) Offering.
Key Highlights
- Net loss attributable to common stockholders increased to $(12.08) million in Q1 2026 from $(10.18) million in Q1 2025.
- Net loss per share was $(0.45) in Q1 2026, compared to $(0.40) in Q1 2025.
- Total revenues rose to $7.82 million in Q1 2026 from $7.35 million in Q1 2025.
- Cash provided by operating activities was $1.26 million in Q1 2026, a significant improvement from $(1.29) million used in Q1 2025.
- Total assets decreased to $524.00 million as of March 31, 2026, from $534.44 million at December 31, 2025.
- The board approved an estimated Net Asset Value (NAV) of $10.00 per share as of September 30, 2025.
- The company owns 25 operating self storage properties and one development property.
- The Primary Offering was terminated on May 30, 2025, while the DRP Offering continues.