Quarterly ResultAug 11, 2026, 04:58 PM
Strategic Storage Trust VI Q2 Net Loss Widens to $12.94M
AI Summary
Strategic Storage Trust VI reported a significant increase in net loss for the second quarter and first half of 2026. For the three months ended June 30, 2026, the net loss attributable to common stockholders widened to $12.94 million from $6.11 million in the prior year. Total revenues saw a modest increase, reaching $8.04 million for the quarter, up from $7.67 million. The company's accumulated deficit also grew to $172.98 million, and total equity shifted to a deficit of $7.18 million.
Key Highlights
- Net loss attributable to common stockholders for Q2 2026 was $(12,943,285), compared to $(6,107,379) in Q2 2025.
- Total revenues for Q2 2026 increased to $8,043,277, up from $7,670,640 in Q2 2025.
- Net loss per share for Q2 2026 was $(0.48), compared to $(0.23) in Q2 2025.
- Accumulated deficit reached $(172,984,833) as of June 30, 2026, from $(147,963,237) at December 31, 2025.
- Total equity (deficit) was $(7,183,341) as of June 30, 2026, down from $26,277,989 at December 31, 2025.
- Cash and cash equivalents decreased to $6,064,283 as of June 30, 2026, from $8,801,019 at December 31, 2025.
- Investments in unconsolidated real estate ventures decreased to $16,675,456 from $24,512,945.
Price Impact
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