STRATEGIC STORAGE TRUST VI, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
March 31,
2025 (Unaudited)
December 31,
2024
ASSETS
Real estate facilities:
Land
$
109,195,229
$
109,097,324
Buildings
375,916,070
375,539,122
Site improvements
13,681,272
13,655,534
498,792,571
498,291,980
Accumulated depreciation
(30,749,798
)
(27,645,170
)
468,042,773
470,646,810
Construction in process
11,138,675
9,144,864
Real estate facilities, net
479,181,448
479,791,674
Cash and cash equivalents
14,241,422
10,827,415
Restricted cash
2,615,217
6,738,149
Investments in unconsolidated real estate ventures
18,995,066
18,207,135
Other assets, net
11,932,251
13,564,907
Total assets
$
526,965,404
$
529,129,280
LIABILITIES, TEMPORARY EQUITY AND EQUITY
Debt, net
$
278,152,442
$
274,056,356
Accounts payable and accrued liabilities
11,539,916
13,433,815
Distributions payable
4,389,378
4,409,505
Due to affiliates
16,859,809
13,877,191
Total liabilities
310,941,545
305,776,867
Commitments and contingencies
Redeemable common stock
11,705,939
10,279,772
Series B Convertible Preferred Stock, $0.001 par value; 150,000 shares authorized; 150,000 and 150,000 issued and outstanding at March 31, 2025 and December 31, 2024, respectively, with aggregate liquidation preferences of $153,088,356 and $153,148,361 at March 31, 2025 and December 31, 2024, respectively
148,599,723
148,599,723
Equity:
Strategic Storage Trust VI, Inc.:
Preferred Stock, $0.001 par value; 200,000,000 shares authorized; 0 issued and outstanding at March 31, 2025 and December 31, 2024
—
—
Class P Common stock, $0.001 par value; 30,000,000 shares authorized; 11,380,819 and 11,280,098 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
11,381
11,280
Class A Common stock, $0.001 par value; 230,000,000 shares authorized; 3,397,253 and 3,383,583 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
3,397
3,384
Class T Common stock, $0.001 par value; 100,000,000 shares authorized; 5,398,325 and 5,373,889 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
5,398
5,374
Class W Common stock, $0.001 par value; 70,000,000 shares authorized; 709,730 and 704,761 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
710
705
Class Y Common stock, $0.001 par value; 200,000,000 shares authorized; 4,709,618 and 4,049,909 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
4,710
4,050
Class Z Common stock, $0.001 par value; 70,000,000 shares authorized; 388,958 and 346,393 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
389
346
Additional paid-in capital
214,160,380
207,773,199
Distributions
(35,829,740
)
(32,142,866
)
Accumulated deficit
(121,568,570
)
(111,392,263
)
Accumulated other comprehensive loss
(5,736,815
)
(4,432,786
)
Total Strategic Storage Trust VI, Inc. equity
51,051,240
59,830,423
Noncontrolling interests in our Operating Partnership
(44,733
)
225,081
Noncontrolling Series C Subordinated Units in our Operating Partnership
4,711,690
4,417,414
Total noncontrolling interest
4,666,957
4,642,495
Total equity
55,718,197
64,472,918
Total liabilities, temporary equity and equity
$
526,965,404
$
529,129,280
