SGST on OTC
Strategic Storage Trust VI, Inc.
American real estate investment trust based in Ladera Ranch. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerSGST on OTC1
- IndustryReal Estate Investment Trusts1
- HeadquartersLadera Ranch, California1
- Incorporated inMD3
- Business address10 Terrace Road, Ladera Ranch, Ca 926943
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
- Legal formCorporation
- Kind of organizationReal estate investment trust1
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Strategic Storage Trust VI, Inc., a Maryland corporation (the “Company”), was formed on October 14, 2020 under the Maryland General Corporation Law for the purpose of engaging in the business of investing in self storage facilities and commenced formal operations on March 10, 2021. Our year-end is December 31. As used herein, “we,” “us,” “our” and “Company” refer to Strategic Storage Trust VI, Inc. and each of our subsidiaries.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs45¢$13.9M
- Interest55¢$16.8M
Out of $30.7M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Self storage rental revenue | $30.5M | $28.1M | $21.0M |
| Ancillary operating revenue | $194.5K | $183.8K | $169.1K |
| Total revenues | $30.7M | $28.2M | $21.2M |
| Property operating expenses | $11.5M | $11.0M | $9.2M |
| Property operating expenses affiliates | $5.2M | $5.1M | $4.6M |
| General and administrative | $6.2M | $5.8M | $5.3M |
| Depreciation | $12.9M | $12.8M | $10.5M |
| Intangible amortization expense | $0 | $3.0M | $4.4M |
| Acquisition expense - affiliates | $388.8K | $589.2K | $564.7K |
| Other property acquisition expenses | $350.8K | $188.0K | $1.0M |
| Total operating expenses | $36.5M | $38.6M | $35.7M |
| Operating loss | -$5.8M | -$10.3M | -$14.5M |
| Interest expense | -$16.8M | -$18.0M | -$16.1M |
| Interest expense debt issuance costs | -$1.1M | -$1.3M | -$1.5M |
| Derivative fair value adjustment | -$531.4K | $184.4K | -$1.9M |
| Other income, net | $117.3K | $397.7K | $546.6K |
| Equity in loss of unconsolidated real estate ventures | -$2.1M | $0 | $0 |
| Foreign currency adjustment | $2.2M | -$6.5M | $528.9K |
| Net loss | -$24.0M | -$35.6M | -$32.9M |
| Less: Distributions to preferred unitholders in our Operating Partnership | -$531.8K | -$271.2K | |
| Less: Distributions to preferred stockholders | -$12.5M | -$12.5M | -$8.3M |
| Less: Accretion of preferred equity costs | -$189.9K | ||
| Net loss attributable to the noncontrolling interests in our Operating Partnership | $488.9K | $831.7K | $968.7K |
| Net loss attributable to Strategic Storage Trust VI, Inc. common stockholders | -$36.6M | -$47.3M | -$40.8M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Land | $112.8M | $109.1M | |||
| Buildings | $385.7M | $375.5M | |||
| Site improvements | $14.1M | $13.7M | |||
| Real estate investment property, net | $512.5M | $498.3M | |||
| Accumulated depreciation | -$41.0M | -$27.6M | |||
| Real estate investment property, net of accumulated depreciation | $471.5M | $470.6M | |||
| Construction in process | $20.9M | $9.1M | |||
| Real estate facilities, net | $492.4M | $479.8M | |||
| Cash and cash equivalents | $8.8M | $10.8M | |||
| Restricted cash | $1.1M | $6.7M | |||
| Investments in unconsolidated real estate ventures (Note 4) | $24.5M | $18.2M | |||
| Other assets, net | $7.7M | $13.6M | |||
| Total assets | $534.4M | $529.1M | |||
| Debt, net | $292.9M | $274.1M | |||
| Accounts payable and accrued liabilities | $9.6M | $13.4M | |||
| Distributions payable | $4.7M | $4.4M | |||
| Due to affiliates | $4.7M | $13.9M | |||
| Total liabilities | $311.9M | $305.8M | |||
| Additional paid-in capital | $222.0M | $207.8M | |||
| Distributions | -$47.5M | -$32.1M | |||
| Accumulated deficit | -$148.0M | -$111.4M | |||
| Accumulated other comprehensive loss | -$4.8M | -$4.4M | |||
| Total Strategic Storage Trust IV, Inc. equity | $21.8M | $59.8M | |||
| Noncontrolling interests in our Operating Partnership | -$611.7K | $225.1K | |||
| Noncontrolling Series C Subordinated Units in our Operating Partnership | $5.1M | $4.4M | |||
| Total noncontrolling interest | $4.5M | $4.6M | |||
| Total equity | $26.3M | $64.5M | $97.1M | $113.1M | |
| Total liabilities, temporary equity and equity | $534.4M | $529.1M | |||
| Preferred Stock, par value | $0.00 | $0.00 | $0.00 | ||
| Preferred Stock, shares authorized | 200.0M shares | 200.0M shares | 200.0M shares | ||
| Preferred Stock, shares issued | 0 shares | 0 shares | |||
| Preferred Stock, shares outstanding | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Land | $112.8M | $109.1M | |||
| Buildings | $385.7M | $375.5M | |||
| Site improvements | $14.1M | $13.7M | |||
| Real estate investment property, net | $512.5M | $498.3M | |||
| Accumulated depreciation | -$41.0M | -$27.6M | |||
| Real estate investment property, net of accumulated depreciation | $471.5M | $470.6M | |||
| Construction in process | $20.9M | $9.1M | |||
| Real estate facilities, net | $492.4M | $479.8M | |||
| Cash and cash equivalents | $8.8M | $10.8M | |||
| Restricted cash | $1.1M | $6.7M | |||
| Investments in unconsolidated real estate ventures (Note 4) | $24.5M | $18.2M | |||
| Other assets, net | $7.7M | $13.6M | |||
| Total assets | $534.4M | $529.1M | |||
| Debt, net | $292.9M | $274.1M | |||
| Accounts payable and accrued liabilities | $9.6M | $13.4M | |||
| Distributions payable | $4.7M | $4.4M | |||
| Due to affiliates | $4.7M | $13.9M | |||
| Total liabilities | $311.9M | $305.8M | |||
| Additional paid-in capital | $222.0M | $207.8M | |||
| Distributions | -$47.5M | -$32.1M | |||
| Accumulated deficit | -$148.0M | -$111.4M | |||
| Accumulated other comprehensive loss | -$4.8M | -$4.4M | |||
| Total Strategic Storage Trust IV, Inc. equity | $21.8M | $59.8M | |||
| Noncontrolling interests in our Operating Partnership | -$611.7K | $225.1K | |||
| Noncontrolling Series C Subordinated Units in our Operating Partnership | $5.1M | $4.4M | |||
| Total noncontrolling interest | $4.5M | $4.6M | |||
| Total equity | $26.3M | $64.5M | $97.1M | $113.1M | |
| Total liabilities, temporary equity and equity | $534.4M | $529.1M | |||
| Preferred Stock, par value | $0.00 | $0.00 | $0.00 | ||
| Preferred Stock, shares authorized | 200.0M shares | 200.0M shares | 200.0M shares | ||
| Preferred Stock, shares issued | 0 shares | 0 shares | |||
| Preferred Stock, shares outstanding | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$24.0M | -$35.6M | -$32.9M |
| Depreciation and amortization | $12.9M | $15.8M | $15.0M |
| Amortization of debt issuance costs | $926.2K | $1.3M | $1.5M |
| Stock based compensation expense related to issuance of restricted stock | $43.7K | $38.1K | $25.8K |
| Accretion of preferred equity costs | $189.9K | ||
| Equity in loss of unconsolidated joint venture | $2.1M | ||
| Unrealized derivative gain (loss) | $377.2K | -$482.6K | $90.8K |
| Derivative fair value adjustment | $410.7K | $1.8M | $2.6M |
| Unrealized foreign currency adjustment | -$2.2M | $6.5M | -$528.9K |
| Other assets, net | $1.5M | $530.7K | -$2.8M |
| Purchase of interest rate derivative | -$1.0M | -$2.9M | -$3.3M |
| Settlement of interest rate derivative | -$2.0M | ||
| Purchase of foreign exchange derivative | -$1.4M | ||
| Accounts payable and accrued liabilities | $537.1K | -$599.1K | $5.1M |
| Due to affiliates | -$9.3M | $8.1M | $3.9M |
| Net cash used in operating activities | -$19.8M | -$5.5M | -$12.6M |
| Purchase of real estate facilities | -$252.3M | ||
| Additions to real estate facilities | -$12.7M | -$10.4M | -$8.1M |
| Deposits on acquisitions of real estate facilities and investments in unconsolidated real estate ventures | -$148.2K | ||
| Refund of deposits on acquisitions of real estate facilities | $481.9K | ||
| Investment in company owned life insurance | -$925.8K | -$902.1K | -$886.5K |
| Investments in unconsolidated real estate ventures | -$7.4M | -$17.7M | -$7.2M |
| Return of capital on investments in unconsolidated real estate ventures | $16.0M | ||
| Net cash used in investing activities | -$21.1M | -$12.5M | -$268.6M |
| Proceeds from issuance of secured debt | $178.2M | $8.0M | $179.3M |
| Repayment of secured debt | -$164.2M | -$4.8M | -$50.0M |
| Scheduled principal payments of secured debt | -$1.5M | -$4.2M | -$862.3K |
| Prepaid debt issuance costs | -$42.0K | ||
| Debt issuance costs | -$1.8M | -$480.9K | -$1.7M |
| Gross proceeds from issuance of common stock | $15.4M | $37.4M | $37.9M |
| Offering costs | -$2.5M | -$3.6M | -$4.4M |
| Proceeds from issuance of preferred equity in our Operating Partnership | $15.0M | ||
| Redemption of preferred equity in our Operating Partnership | -$15.0M | ||
| Preferred equity in our Operating Partnership issuance costs | -$189.9K | ||
| Gross proceeds from issuance of preferred stock | $150.0M | ||
| Preferred stock issuance costs | -$1.4M | ||
| Proceeds from issuance of Series C units | $659.2K | $1.2M | $3.2M |
| Proceeds from issuance of Series D preferred units | $35.0M | ||
| Series D Preferred unit issuance costs | -$373.3K | ||
| Redemption of common stock | -$4.1M | -$1.9M | -$419.1K |
| Distributions paid to common stockholders | -$8.6M | -$7.6M | -$6.2M |
| Distributions paid to noncontrolling interest in our Operating Partnership | -$340.9K | -$341.1K | -$341.0K |
| Distributions paid to preferred stockholders | -$12.5M | -$12.5M | -$5.2M |
| Distributions paid to preferred unitholders in our Operating Partnership | -$361.7K | -$271.2K | |
| Net cash provided by financing activities | $33.0M | $11.2M | $299.5M |
| Impact of foreign exchange rate changes on cash and restricted cash | $280.9K | -$1.3M | -$370.1K |
| Net change in cash, cash equivalents and restricted cash | -$7.6M | -$8.1M | $17.9M |
| Cash paid for interest, net of amounts capitalized | $17.8M | $17.2M | $18.8M |
| Distribution of common stock | $0 | $6.6M | |
| Offering costs included in accounts payable and accrued liabilities | -$1.3M | $588.2K | $661.4K |
| Interest rate swap contract in other assets | $1.3M | $467.7K | $145.4K |
| Interest rate swap contracts in accounts payable and accrued liabilities | $247.9K | $368.6K | $170.7K |
| Foreign currency hedge contract in other assets | $0 | $1.3M | |
| Foreign currency translation adjustment | -$2.2M | $4.8M | -$57.2K |
| Deposits applied to investments in unconsolidated real estate ventures | $328.5K | ||
| Deposits on acquisition of real estate facilities in due to affiliates | $333.5K | ||
| Issuance of shares pursuant to distribution reinvestment plan | $6.7M | $5.7M | $4.4M |
| Distributions payable to common and preferred stockholders | $4.7M | $4.4M | $4.2M |
| Distributions payable to noncontrolling interests in our Operating Partnership | $29.0K | $28.9K | $29.0K |
| Real estate and construction in process in accounts payable and accrued liabilities | $701.1K | $1.7M | $913.2K |
| Redemption of common stock in accounts payable and accrued liabilities | $193.9K | $442.9K | $118.7K |
| Unrealized derivative adjustment | $576.5K | ||
| Deposits applied to acquisition of real estate | $1.1M |
No quarter-by-quarter statement was filed.
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Leadership
Who has led Strategic Storage Trust VI, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
2025
- Chief executive officerH. Michael Schwartz Apr 28, 2023 to Apr 28, 202312
- PresidentH. Michael Schwartz Apr 28, 2023 to Apr 28, 202312
- Chief financial officerMatt F. Lopez Apr 28, 2023 to Apr 28, 202313
Board members and other officers (6)
- EVP - CanadaBliss Edwards Apr 28, 2023 to Apr 28, 202314
- SecretaryNicholas Look Apr 28, 2023 to Apr 28, 202315
- Chief Investment OfficerWayne Johnson Apr 28, 2023 to Apr 28, 202316
- Board memberAlexander S. Vellandi Apr 28, 2023 to now17
- Board memberH. Michael Schwartz Apr 28, 2023 to Apr 28, 202312
- Board memberStephen G. Muzzy Apr 28, 2023 to now18
Timeline
- Apr 28, 2023New chief executive H. Michael Schwartz becomes CEO12
Filings
162 filings to the SEC since October 2021: 4 annual reports, 14 quarterly reports, 57 major events, 15 insider forms, 1 private raises, 71 other. The latest 20:
- Sep 11, 2026EFFECT EDGAR
- Sep 11, 2026424B3 EDGAR
- Sep 10, 2026424B3 EDGAR
- Aug 28, 2026S-4 EDGAR
- Aug 26, 20268-K EDGAR
- Aug 11, 202610-Q EDGAR
- Jul 14, 20268-K EDGAR
- Jun 26, 20264 PRIMARY DOCUMENT EDGAR
- Jun 26, 20264 PRIMARY DOCUMENT EDGAR
- Jun 25, 20268-K EDGAR
- May 28, 20268-K EDGAR
- May 20, 2026RW EDGAR
- May 19, 20268-K EDGAR
- May 14, 20268-K EDGAR
- May 12, 202610-Q EDGAR
- Apr 15, 2026ARS EDGAR
- Apr 15, 2026DEF 14A EDGAR
- Apr 2, 20268-K EDGAR
- Mar 24, 202610-K EDGAR
- Mar 23, 20268-K EDGAR
The 162 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Money raised
Private offerings the company reported to the SEC on Form D.
- Dec 3, 2025Filed a private offering of equity Form D: $75 million offered in all Form D
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARBliss Edwards, EVP - Canada
- 15SEC EDGARNicholas Look, Secretary
- 16
- 17SEC EDGARAlexander S. Vellandi, Board member
- 18SEC EDGARStephen G. Muzzy, Board member