Strategic Storage Trust VI, Inc.

Strategic Storage Trust VI, Inc. (SST VI) announced a definitive agreement to acquire Strategic Storage Growth Trust III, Inc. (SSGT III) in an all-stock merger, expected to close in the fourth quarter of 2026. The transaction will create a combined company with an estimated total asset value of approximately $1.2 billion and a portfolio of 37 wholly-owned self-storage facilities. The merger, unanimously approved by both companies' boards, aims to enhance scale, operating efficiencies, and strategic flexibility for stockholders.

Strategic Storage Trust VI, Inc. (SST VI) announced the opening of its second self-storage facility in the Greater Montréal Area, located at 5500 Rue Notre-Dame Ouest. The Class A, five-story facility provides approximately 124,000 net rentable square feet and 1,450 climate-controlled storage units. This expansion strengthens SST VI's market presence in high-demand urban markets, serving a dense and growing trade area in Montréal.

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.

Strategic Storage Trust VI (SST VI) was recognized by Robert A. Stanger & Co. as the top performing Lifecycle REIT over a three-year period, achieving a total return of approximately 13.0% as of March 31, 2026. President and CEO H. Michael Schwartz attributed this success to a disciplined investment and operational strategy, focusing on underserved growth markets in the U.S. and expanding into Canada. SST VI, a public non-traded REIT sponsored by SmartStop Self Storage REIT, Inc., invests in self-storage facilities across the U.S. and Canada.

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.