Quarterly ResultMay 19, 2026, 05:17 PM
Strategic Storage Trust VI Q1 Revenue +6.5% to $7.8M; Net Loss Widens to $12.1M
AI Summary
Strategic Storage Trust VI, Inc. reported its first quarter 2026 financial results, showing a 6.5% increase in total revenues to $7.8 million and a 4.2% rise in same-store revenues. However, the net loss attributable to common stockholders widened by 18.7% to $12.1 million, primarily due to foreign currency adjustments and investments in unconsolidated real estate ventures. The company also achieved a 2.0% increase in same-store Net Operating Income and opened a new ground-up development in the Greater Toronto Area.
Key Highlights
- Total revenues increased by $0.5 million (6.5%) to $7.8 million for Q1 2026.
- Net loss attributable to common stockholders increased by $1.9 million (18.7%) to $12.1 million.
- Same-Store Revenues increased by $0.2 million (4.2%) for the Quarter.
- Same-Store Net Operating Income (NOI) increased by $0.1 million (2.0%) for the Quarter.
- Same-store average physical occupancy decreased by 1.5% to 90.3%.
- Same-store annualized rent per occupied square foot increased by 5.8% to $17.81.
- Opened a new Etobicoke Property with 980 units and 90,300 net rentable square feet.
- Declared a daily distribution rate of approximately $0.001698 per share for Q2 2026.
Price Impact
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