XML 16 R5.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Equity (Unaudited) - USD ($)
Total
Common Stock
Class A Common Stock
Common Stock
Class P Common Stock
Common Stock
Class T Common Stock
Common Stock
Class W Common Stock
Additional Paid-in Capital
Distributions
Accumulated Deficit
Total Strategic Storage Trust VI, Inc. Equity
Noncontrolling Interests in our Operating Partnership
Redeemable Common Stock
Beginning Balance at Dec. 31, 2020     $ 0                
Beginning Balance (in shares) at Dec. 31, 2020     0                
Gross proceeds from issuance of common stock $ 53,000   $ 6     $ 50,994     $ 51,000 $ 2,000  
Gross proceeds from issuance of common stock (in shares)     5,666                
Offering costs (50,994)         50,994     50,994    
Distributions (15)           $ 15   15    
Net loss attributable to Strategic Storage Trust VI, Inc. (161)             $ (161) (161)    
Ending Balance at Mar. 31, 2021 1,830   $ 6       (15) (161) (170) 2,000  
Ending Balance (in shares) at Mar. 31, 2021     5,666                
Beginning Balance at Dec. 31, 2020     $ 0                
Beginning Balance (in shares) at Dec. 31, 2020     0                
Issuance of shares for distribution reinvestment plan 25,330                    
Net loss attributable to Strategic Storage Trust VI, Inc. (656,165)                    
Net loss attributable to the noncontrolling interests in our Operating Partnership 253,865                    
Ending Balance at Jun. 30, 2021 18,098,361   $ 1,945     14,592,145 (116,052) 656,165 13,821,873 4,276,488 $ 25,330
Ending Balance (in shares) at Jun. 30, 2021     1,945,069                
Beginning Balance at Mar. 31, 2021 1,830   $ 6       (15) (161) (170) 2,000  
Beginning Balance (in shares) at Mar. 31, 2021     5,666                
Gross proceeds from issuance of common stock 17,503,810   $ 1,936     17,501,874     17,503,810    
Gross proceeds from issuance of common stock (in shares)     1,936,508                
Offering costs (2,909,726)         (2,909,726)     (2,909,726)    
Noncontrolling interest assumed in consolidation of Operating Partnership 4,574,294                 4,574,294  
Changes to redeemable common stock (25,330)         (25,330)     (25,330)   25,330
Distributions (116,037)           (116,037)   (116,037)    
Distributions to noncontrolling interests (45,941)                 (45,941)  
Issuance of shares for distribution reinvestment plan 25,330   $ 3     25,327     25,330    
Issuance of shares for distribution reinvestment plan (in shares)     2,895                
Net loss attributable to Strategic Storage Trust VI, Inc. (656,004)             (656,004) (656,004)    
Net loss attributable to the noncontrolling interests in our Operating Partnership 253,865                 253,865  
Ending Balance at Jun. 30, 2021 18,098,361   $ 1,945     14,592,145 (116,052) 656,165 13,821,873 4,276,488 25,330
Ending Balance (in shares) at Jun. 30, 2021     1,945,069                
Beginning Balance at Dec. 31, 2021 40,539,534   $ 5,063     40,737,265 (985,132) (2,985,345) 36,771,851 3,767,683 329,158
Beginning Balance (in shares) at Dec. 31, 2021     5,062,804                
Gross proceeds from issuance of common stock 52,609,661   $ 5,430     52,604,231     52,609,661    
Gross proceeds from issuance of common stock (in shares)     5,430,060                
Offering costs (4,695,057)         (4,695,057)     (4,695,057)    
Changes to redeemable common stock (268,630)         (268,630)     (268,630)   268,630
Distributions (892,243)           (892,243)   (892,243)    
Distributions to noncontrolling interests (67,840)                 (67,840)  
Issuance of shares for distribution reinvestment plan 268,630   $ 29     268,601     268,630    
Issuance of shares for distribution reinvestment plan (in shares)     28,737                
Net loss attributable to Strategic Storage Trust VI, Inc. (1,650,132)             (1,650,132) (1,650,132)    
Net loss attributable to the noncontrolling interests in our Operating Partnership 133,834                 133,834  
Ending Balance at Mar. 31, 2022 85,710,089   $ 10,522     88,646,410 (1,877,375) (4,635,477) 82,144,080 3,566,009 597,788
Ending Balance (in shares) at Mar. 31, 2022     10,521,601                
Beginning Balance at Dec. 31, 2021 40,539,534   $ 5,063     40,737,265 (985,132) (2,985,345) 36,771,851 3,767,683 329,158
Beginning Balance (in shares) at Dec. 31, 2021     5,062,804                
Issuance of shares for distribution reinvestment plan 889,649                    
Net loss attributable to Strategic Storage Trust VI, Inc. (5,030,754)                    
Net loss attributable to the noncontrolling interests in our Operating Partnership 303,031                    
Ending Balance at Jun. 30, 2022 93,289,490 $ 574 $ 10,697 $ 668 $ 87 101,492,784 (3,513,726) (8,016,099) 89,974,985 3,314,505 1,218,807
Ending Balance (in shares) at Jun. 30, 2022   573,628 10,696,527 668,406 86,522            
Beginning Balance at Mar. 31, 2022 85,710,089   $ 10,522     88,646,410 (1,877,375) (4,635,477) 82,144,080 3,566,009 597,788
Beginning Balance (in shares) at Mar. 31, 2022     10,521,601                
Gross proceeds from issuance of common stock 14,447,365 $ 572 $ 110 $ 668 $ 86 14,445,929     14,447,365    
Gross proceeds from issuance of common stock (in shares)   572,182 109,890 668,360 86,436            
Offering costs (1,612,400)         1,612,400     1,612,400    
Changes to redeemable common stock (621,019)         (621,019)     (621,019)   621,019
Distributions (1,636,351)           1,636,351   1,636,351    
Distributions to noncontrolling interests (82,307)                 82,307  
Issuance of shares for distribution reinvestment plan 621,019 $ 1 $ 65   $ 1 620,952     621,019    
Issuance of shares for distribution reinvestment plan (in shares)   196 65,036 46 86            
Issuance of restricted stock 1 $ 1                  
Issuance of restricted stock (in shares)   1,250                  
Stock based compensation expense 12,912         12,912     12,912    
Net loss attributable to Strategic Storage Trust VI, Inc. (3,380,622)             (3,380,622) (3,380,622)    
Net loss attributable to the noncontrolling interests in our Operating Partnership 169,197                 169,197  
Ending Balance at Jun. 30, 2022 $ 93,289,490 $ 574 $ 10,697 $ 668 $ 87 $ 101,492,784 $ (3,513,726) $ (8,016,099) $ 89,974,985 $ 3,314,505 $ 1,218,807
Ending Balance (in shares) at Jun. 30, 2022   573,628 10,696,527 668,406 86,522