Strategic Storage Trust VI Inc (SGST) is a non-traded real estate investment trust that acquires and operates self storage facilities. The company generates revenue by leasing storage units to tenants, structured as a REIT under the Internal Revenue Code beginning with its taxable year ended December 31, 2021. SGST is externally advised, with its Advisor handling acquisitions, underwriting, and operations across the United States and Canada. The company was formed on October 14, 2020 in Maryland and commenced formal operations on March 10, 2021. Capital has been raised through private placements, including a Private Offering that raised approximately $100.7 million in gross proceeds before terminating on March 17, 2022, and subsequent preferred equity offerings including Series B Convertible Preferred Stock, Series D Preferred units, and a Series E Preferred Offering at $10.00 per share launched September 30, 2025. Interest expense was approximately $16.8 million for the year ended December 31, 2025, indicating a debt-financed acquisition model. The company pays regular quarterly distributions to common and preferred stockholders.

Revenue model

Rental income from self storage facility tenants, supplemented by capital raised through private placements of common and preferred equity. Distributions to common stockholders were $0.62 per share in FY2025 and $0.62 per share in FY2024, paid quarterly.

Products and services

Self storage unit rentals. Capital structure includes multiple share classes of common stock (Class P, A, T, W, Y, Z) and preferred equity including Series B Convertible Preferred Stock, Series D Preferred units, and Series E Preferred Stock offered at $10.00 per share as of September 30, 2025.

Customers and end markets

Individual and business tenants renting self storage units. Equity capital sourced from private placement investors, with Orchard Securities LLC serving as managing dealer for the Series E Preferred Offering, earning sales commissions up to 6.0% of gross offering proceeds.

Value-chain role

Property owner and operator of self storage facilities. Externally advised by an Advisor whose acquisitions team, located in the United States and Canada, sources and underwrites deals using a proprietary methodology. The Advisor's CEO, H. Michael Schwartz, has transacted more than $6.5 billion in commercial real estate, with more than $4.8 billion in self storage.

Geographic exposure

United States and Canada, based on Advisor acquisitions team locations disclosed in the 10-K filed 2026-03-24.

Competitors

SmartStop, SSGT III, SST X

Source: SEC 10-K, filed 2026-03-24

Industry: Real Estate Investment Trusts