XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Equity and Temporary 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
Accumulated Other Comprehensive Loss
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 142,446                      
Net loss attributable to Strategic Storage Trust VI, Inc. (1,605,986)                      
Net loss attributable to the noncontrolling interests in our Operating Partnership (458,924)                      
Ending Balance at Sep. 30, 2021 29,069,306   $ 3,470     27,107,972 (443,231) (1,605,986)   25,062,225 4,007,081 $ 142,446
Ending Balance (in shares) at Sep. 30, 2021     3,470,324                  
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                  
Gross proceeds from issuance of common stock 14,284,508   $ 1,512     14,277,996       14,279,508 5,000  
Gross proceeds from issuance of common stock (in shares)     1,512,411                  
Offering costs (1,762,156)         (1,762,156)       (1,762,156)    
Changes to redeemable common stock (117,116)         (117,116)       (117,116)   117,116
Distributions (327,179)           (327,179)     (327,179)    
Distributions to noncontrolling interests (69,348)                   (69,348)  
Issuance of shares for distribution reinvestment plan 117,116   $ 13     117,103       117,116    
Issuance of shares for distribution reinvestment plan (in shares)     12,844                  
Net loss attributable to Strategic Storage Trust VI, Inc. (949,821)             (949,821)   (949,821)    
Net loss attributable to the noncontrolling interests in our Operating Partnership (205,059)                   (205,059)  
Ending Balance at Sep. 30, 2021 29,069,306   $ 3,470     27,107,972 (443,231) (1,605,986)   25,062,225 4,007,081 142,446
Ending Balance (in shares) at Sep. 30, 2021     3,470,324                  
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 1,661,899                      
Net loss attributable to Strategic Storage Trust VI, Inc. (9,476,990)                      
Net loss attributable to the noncontrolling interests in our Operating Partnership (483,605)                      
Ending Balance at Sep. 30, 2022 106,589,843 $ 1,214 $ 10,769 $ 2,195 $ 166 121,796,301 (5,494,534) (12,462,335) $ (302,809) 103,550,967 3,038,876 1,991,057
Ending Balance (in shares) at Sep. 30, 2022   1,214,343 10,769,098 2,195,200 165,849              
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               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              
Gross proceeds from issuance of common stock 22,519,112 $ 638   $ 1,522 $ 78 22,516,874       22,519,112    
Gross proceeds from issuance of common stock (in shares)   637,805   1,521,783 78,617              
Offering costs (2,225,809)         (2,225,809)       (2,225,809)    
Reimbursement of offering cost by advisor 7,690         7,690       7,690    
Changes to redeemable common stock (772,250)         (772,250)       (772,250)   772,250
Distributions (1,980,808)           (1,980,808)     (1,980,808)    
Distributions to noncontrolling interests (83,211)                   (83,211)  
Issuance of shares for distribution reinvestment plan 772,250 $ 2 $ 72 $ 5 $ 1 772,170       772,250    
Issuance of shares for distribution reinvestment plan (in shares)   2,910 72,571 5,011 710              
Stock based compensation expense 4,842         4,842       4,842    
Net loss attributable to Strategic Storage Trust VI, Inc. (4,446,236)             (4,446,236)   (4,446,236)    
Net loss attributable to the noncontrolling interests in our Operating Partnership (180,574)                   (180,574)  
Interest rate swap contract (19,085)               (18,367) (18,367) (718)  
Foreign currency translation adjustment (295,568)               (284,442) (284,442) (11,126)  
Ending Balance at Sep. 30, 2022 $ 106,589,843 $ 1,214 $ 10,769 $ 2,195 $ 166 $ 121,796,301 $ (5,494,534) $ (12,462,335) $ (302,809) $ 103,550,967 $ 3,038,876 $ 1,991,057
Ending Balance (in shares) at Sep. 30, 2022   1,214,343 10,769,098 2,195,200 165,849