XML 14 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Equity and Temporary Equity (Unaudited) - USD ($)
Total
Common Stock
Class P Common Stock
Common Stock
Class A Common Stock
Common Stock
Class T Common Stock
Common Stock
Class W Common Stock
Common Stock
Class Y Common Stock
Common Stock
Class Z Common Stock
Additional Paid-in Capital
Distributions
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Total Strategic Storage Trust VI, Inc. Equity
Noncontrolling Interests
Noncontrolling Interests in our Operating Partnership
Series C Subordinated Units
Noncontrolling Interests in our Operating Partnership
Redeemable Common Stock
Preferred Equity In Our Operating Partnership
Preferred Stock
Beginning Balance at Dec. 31, 2022 $ 113,061,270 $ 10,842 $ 1,767 $ 3,016 $ 248     $ 134,820,961 $ (7,793,929) $ (16,727,700) $ (61,416) $ 110,253,789 $ 2,807,481   $ 2,873,848    
Beginning Balance (in shares) at Dec. 31, 2022   10,841,745 1,766,539 3,015,798 248,369                        
Gross proceeds from issuance of common stock 11,097,130   $ 294 $ 674 $ 141     11,096,021       11,097,130          
Gross proceeds from issuance of common stock (in shares)     294,558 673,565 140,638                        
Offering costs (1,316,106)             (1,316,106)       (1,316,106)          
Reimbursement of offering cost by Advisor 13,220             13,220       13,220          
Changes to redeemable common stock (974,931)             (974,931)       (974,931)     974,931    
Distributions (2,430,525)               (2,430,525)     (2,430,525)          
Distributions to noncontrolling interests (84,089)                       (84,089)        
Distributions to preferred unitholders in our Operating Partnership                               $ (177,917)  
Issuance of shares for distribution reinvestment plan (DRP) (in shares)   73,145 10,180 16,868 2,123                        
Issuance of shares for distribution reinvestment plan (DRP) 974,931 $ 73 $ 10 $ 16 $ 2     974,830       974,931          
Stock based compensation expense 4,842             4,842       4,842          
Gross proceeds from issuance of preferred equity in our Operating Partnership                               15,000,000  
Preferred equity issuance costs                               (189,920)  
Accretion of preferred equity issuance costs                               15,848  
Net loss attributable to Strategic Storage Trust VI, Inc. (6,420,140)                 (6,420,140)   (6,420,140)       177,917  
Net loss attributable to the noncontrolling interests in our Operating Partnership (208,425)                       (208,425)        
Interest rate hedge contracts (158,353)                   (153,361) (153,361) (4,992)        
Foreign currency translation adjustment (437,759)                   (423,852) (423,852) (13,907)        
Ending Balance at Mar. 31, 2023 113,121,065 $ 10,915 $ 2,071 $ 3,706 $ 391     144,618,837 (10,224,454) (23,147,840) (638,629) 110,624,997 2,496,068   3,848,779 14,825,928  
Ending Balance (in shares) at Mar. 31, 2023   10,914,890 2,071,277 3,706,231 391,130                        
Beginning Balance at Dec. 31, 2022 113,061,270 $ 10,842 $ 1,767 $ 3,016 $ 248     134,820,961 (7,793,929) (16,727,700) (61,416) 110,253,789 2,807,481   2,873,848    
Beginning Balance (in shares) at Dec. 31, 2022   10,841,745 1,766,539 3,015,798 248,369                        
Distributions to preferred unitholders in our Operating Partnership (5,218,750)                                
Issuance of shares for distribution reinvestment plan (DRP) 3,195,069                                
Net loss attributable to Strategic Storage Trust VI, Inc. (28,869,885)                                
Net loss attributable to the noncontrolling interests in our Operating Partnership (723,552)                                
Ending Balance at Sep. 30, 2023 99,905,442 $ 11,054 $ 2,555 $ 4,675 $ 585     158,071,132 (15,613,209) (45,597,585) 1,159,627 98,038,834 1,866,608   5,649,819   $ 148,599,723
Ending Balance (in shares) at Sep. 30, 2023   11,053,716 2,555,418 4,675,321 584,673                        
Beginning Balance at Mar. 31, 2023 113,121,065 $ 10,915 $ 2,071 $ 3,706 $ 391     144,618,837 (10,224,454) (23,147,840) (638,629) 110,624,997 2,496,068   3,848,779 14,825,928  
Beginning Balance (in shares) at Mar. 31, 2023   10,914,890 2,071,277 3,706,231 391,130                        
Gross proceeds from issuance of common stock 8,792,803   $ 271 $ 482 $ 127     8,791,923       8,792,803          
Gross proceeds from issuance of common stock (in shares)     270,715 481,581 126,596                        
Offering costs (1,100,021)             (1,100,021)       (1,100,021)          
Reimbursement of offering cost by Advisor 11,900             11,900       11,900          
Changes to redeemable common stock (1,078,951)             (1,078,951)       (1,078,951)     1,078,951    
Redemption of common stock (19) $ (11) $ (5) $ (3)               (19)     (178,024)    
Redemptions of common stock (in shares)   (10,811) (4,990) (3,400)                          
Distributions (2,609,715)               (2,609,715)     (2,609,715)          
Distributions to noncontrolling interests (85,022)                       (85,022)        
Distributions to preferred unitholders in our Operating Partnership                               (93,333)  
Redemption of preferred equity in our Operating Partnership                               (15,000,000)  
Issuance of shares for distribution reinvestment plan (DRP) (in shares)   75,101 12,243 22,443 3,421                        
Issuance of shares for distribution reinvestment plan (DRP) 1,078,951 $ 75 $ 12 $ 22 $ 3     1,078,839       1,078,951          
Issuance of restricted stock 11   $ 11                 11          
Issuance of restricted stock (in shares)     11,250                            
Stock based compensation expense 4,842             4,842       4,842          
Accretion of preferred equity issuance costs                               174,072  
Distributions to preferred stockholders                                 (2,087,500)
Gross proceeds from issuance of preferred stock                                 150,000,000
Preferred stock issuance costs                                 (1,400,277)
Net loss attributable to Strategic Storage Trust VI, Inc. (9,276,488)                 (9,276,488)   (9,276,488)       $ 93,333 2,087,500
Net loss attributable to the noncontrolling interests in our Operating Partnership (217,450)                       (217,450)        
Interest rate swap and cap contract gain 2,310,752                   2,241,660 2,241,660 69,092        
Foreign currency translation adjustment 750,705                   728,426 728,426 22,279        
Ending Balance at Jun. 30, 2023 111,703,363 $ 10,979 $ 2,360 $ 4,207 $ 521     152,327,369 (12,834,169) (32,424,328) 2,331,457 109,418,396 2,284,967   4,749,706   148,599,723
Ending Balance (in shares) at Jun. 30, 2023   10,979,180 2,360,495 4,206,855 521,147                        
Gross proceeds from issuance of common stock 6,838,071   $ 180 $ 442 $ 60     6,837,389       6,838,071          
Gross proceeds from issuance of common stock (in shares)     179,988 442,210 59,574                        
Offering costs (1,107,426)             (1,107,426)       (1,107,426)          
Reimbursement of offering cost by Advisor 5,850             5,850       5,850          
Changes to redeemable common stock (1,141,187)             (1,141,187)       (1,141,187)     1,141,187    
Redemption of common stock                             (241,074)    
Distributions (2,779,040)               (2,779,040)     (2,779,040)          
Distributions to noncontrolling interests (85,957)                       (85,957)        
Distributions to preferred unitholders in our Operating Partnership (3,131,250)                                
Issuance of shares for distribution reinvestment plan (DRP) (in shares)   74,536 14,935 26,256 3,952                        
Issuance of shares for distribution reinvestment plan (DRP) 1,141,187 $ 75 $ 15 $ 26 $ 4     1,141,067       1,141,187          
Stock based compensation expense 8,070             8,070       8,070          
Distributions to preferred stockholders                                 (3,131,250)
Net loss attributable to Strategic Storage Trust VI, Inc. (13,173,257)                 (13,173,257)   (13,173,257)         3,131,250
Net loss attributable to the noncontrolling interests in our Operating Partnership (297,677)                       (297,677)        
Interest rate swap and cap contract gain 814,477                   791,343 791,343 23,134        
Foreign currency translation adjustment (2,021,032)                   (1,963,173) (1,963,173) (57,859)        
Ending Balance at Sep. 30, 2023 99,905,442 $ 11,054 $ 2,555 $ 4,675 $ 585     158,071,132 (15,613,209) (45,597,585) 1,159,627 98,038,834 1,866,608   5,649,819   148,599,723
Ending Balance (in shares) at Sep. 30, 2023   11,053,716 2,555,418 4,675,321 584,673                        
Beginning Balance at Dec. 31, 2023 97,082,934 $ 11,100 $ 3,340 $ 5,290 $ 688 $ 383 $ 37 174,586,716 (18,590,483) (64,094,793) 449,185 92,371,463 1,514,388 $ 3,197,083 6,727,982   148,599,723
Beginning Balance (in shares) at Dec. 31, 2023   11,100,444 3,339,780 5,289,743 687,653 382,656 36,559                    
Gross proceeds from issuance of common stock 10,586,193         $ 1,054 $ 84 10,585,055       10,586,193          
Gross proceeds from issuance of common stock (in shares)           1,054,322 83,978                    
Offering costs (1,258,498)             (1,258,498)       (1,258,498)          
Changes to redeemable common stock (1,303,340)             (1,303,340)       (1,303,340)     1,303,340    
Redemption of common stock (13) $ (5)   $ (8)               (13)     (784,542)    
Redemptions of common stock (in shares)   (5,494)   (8,217)                          
Distributions (3,161,870)               (3,161,870)     (3,161,870)          
Distributions to noncontrolling interests (84,790)                       (84,790)        
Issuance of shares for distribution reinvestment plan (DRP) (in shares)   74,503 22,403 33,026 4,978 4,810 412                    
Issuance of shares for distribution reinvestment plan (DRP) 1,303,340 $ 74 $ 22 $ 33 $ 5 $ 5   1,303,201       1,303,340          
Stock based compensation expense 8,070             8,070       8,070          
Issuance of Series C Subordinated Units 359,926                         359,926      
Distributions to preferred stockholders                                 (3,166,042)
Net loss attributable to Strategic Storage Trust VI, Inc. (11,923,621)                 (11,923,621)   (11,923,621)         3,166,042
Net loss attributable to the noncontrolling interests in our Operating Partnership (225,373)                       (225,373)        
Interest rate hedge contracts 777,342                   758,374 758,374 18,968        
Foreign currency translation adjustment (1,550,882)                   (1,511,559) (1,511,559) (39,323)        
Foreign currency hedge contract (21,170)                   (20,652) (20,652) (518)        
Ending Balance at Mar. 31, 2024 90,588,248 $ 11,169 $ 3,362 $ 5,315 $ 693 $ 1,442 $ 121 183,921,204 (21,752,353) (76,018,414) (324,652) 85,847,887 1,183,352 3,557,009 7,246,780   148,599,723
Ending Balance (in shares) at Mar. 31, 2024   11,169,453 3,362,183 5,314,552 692,631 1,441,788 120,949                    
Beginning Balance at Dec. 31, 2023 97,082,934 $ 11,100 $ 3,340 $ 5,290 $ 688 $ 383 $ 37 174,586,716 (18,590,483) (64,094,793) 449,185 92,371,463 1,514,388 3,197,083 6,727,982   148,599,723
Beginning Balance (in shares) at Dec. 31, 2023   11,100,444 3,339,780 5,289,743 687,653 382,656 36,559                    
Distributions to preferred unitholders in our Operating Partnership (9,399,516)                                
Issuance of shares for distribution reinvestment plan (DRP) 4,194,003                                
Net loss attributable to Strategic Storage Trust VI, Inc. (34,252,264)                                
Net loss attributable to the noncontrolling interests in our Operating Partnership (609,423)                                
Foreign currency hedge contract (310,063)                                
Ending Balance at Sep. 30, 2024 74,602,779 $ 11,244 $ 3,373 $ 5,357 $ 703 $ 3,169 $ 245 199,218,090 (28,532,043) (98,350,275) (2,460,809) 69,899,054 577,703 4,126,022 9,232,198   148,599,723
Ending Balance (in shares) at Sep. 30, 2024   11,244,156 3,373,014 5,357,014 702,574 3,168,958 245,414                    
Beginning Balance at Mar. 31, 2024 90,588,248 $ 11,169 $ 3,362 $ 5,315 $ 693 $ 1,442 $ 121 183,921,204 (21,752,353) (76,018,414) (324,652) 85,847,887 1,183,352 3,557,009 7,246,780   148,599,723
Beginning Balance (in shares) at Mar. 31, 2024   11,169,453 3,362,183 5,314,552 692,631 1,441,788 120,949                    
Gross proceeds from issuance of common stock 8,296,378         $ 856 $ 36 8,295,486       8,296,378          
Gross proceeds from issuance of common stock (in shares)           856,277 35,806                    
Offering costs (984,775)             (984,775)       (984,775)          
Changes to redeemable common stock (1,410,065)             (1,410,065)       (1,410,065)     1,410,065    
Redemption of common stock (91) $ (69) $ (7) $ (15)               (91)     (390,986)    
Redemptions of common stock (in shares)   (69,075) (7,252) (14,702)                          
Distributions (3,303,089)               (3,303,089)     (3,303,089)          
Distributions to noncontrolling interests (84,791)                       (84,791)        
Issuance of shares for distribution reinvestment plan (DRP) (in shares)   76,121 22,911 33,433 5,082 13,237 835                    
Issuance of shares for distribution reinvestment plan (DRP) 1,410,065 $ 76 $ 23 $ 33 $ 5 $ 13 $ 1 1,409,914       1,410,065          
Issuance of restricted stock 5   $ 5                 5          
Issuance of restricted stock (in shares)     5,000                            
Stock based compensation expense 8,070             8,070       8,070          
Distribution of common stock (in shares)     346                            
Distribution of common stock               3,219   (3,219)              
Issuance of Series C Subordinated Units 277,316                         277,316      
Distributions to preferred stockholders                                 (3,085,113)
Net loss attributable to Strategic Storage Trust VI, Inc. (11,384,943)                 (11,384,943)   (11,384,943)         3,085,113
Net loss attributable to the noncontrolling interests in our Operating Partnership (202,777)                       (202,777)        
Interest rate hedge contracts (247,881)                   (242,024) (242,024) (5,857)        
Foreign currency translation adjustment (649,607)                   (634,019) (634,019) (15,588)        
Foreign currency hedge contract 9,257                   9,039 9,039 218        
Ending Balance at Jun. 30, 2024 82,321,320 $ 11,176 $ 3,383 $ 5,333 $ 698 $ 2,311 $ 158 191,243,053 (25,055,442) (87,406,576) (1,191,656) 77,612,438 874,557 3,834,325 8,265,859   148,599,723
Ending Balance (in shares) at Jun. 30, 2024   11,176,499 3,383,188 5,333,283 697,713 2,311,302 157,590                    
Gross proceeds from issuance of common stock 8,935,056         $ 838 $ 86 8,934,132       8,935,056          
Gross proceeds from issuance of common stock (in shares)           837,836 86,933                    
Offering costs (969,920)             (969,920)       (969,920)          
Changes to redeemable common stock (1,480,597)             (1,480,597)       (1,480,597)     1,480,597    
Redemption of common stock (44) $ (5) $ (32) $ (7)               (44)     (514,258)    
Redemptions of common stock (in shares)   (5,128) (32,258) (7,477)                          
Distributions (3,476,601)               (3,476,601)     (3,476,601)          
Distributions to noncontrolling interests (85,722)                       (85,722)        
Distributions to preferred unitholders in our Operating Partnership (3,148,361)                                
Issuance of shares for distribution reinvestment plan (DRP) (in shares)   72,785 22,084 31,208 4,861 19,820 891                    
Issuance of shares for distribution reinvestment plan (DRP) 1,480,597 $ 73 $ 22 $ 31 $ 5 $ 20 $ 1 1,480,445       1,480,597          
Stock based compensation expense 10,977             10,977       10,977          
Issuance of Series C Subordinated Units 291,697                         291,697      
Distributions to preferred stockholders                                 (3,148,361)
Net loss attributable to Strategic Storage Trust VI, Inc. (10,943,699)                 (10,943,699)   (10,943,699)         3,148,361
Net loss attributable to the noncontrolling interests in our Operating Partnership (181,273)                       (181,273)        
Interest rate hedge contracts (1,668,164)                   (1,630,605) (1,630,605) (37,559)        
Foreign currency translation adjustment 691,127                   675,551 675,551 15,576        
Foreign currency hedge contract (321,975)                   (314,099) (314,099) (7,876)        
Ending Balance at Sep. 30, 2024 $ 74,602,779 $ 11,244 $ 3,373 $ 5,357 $ 703 $ 3,169 $ 245 $ 199,218,090 $ (28,532,043) $ (98,350,275) $ (2,460,809) $ 69,899,054 $ 577,703 $ 4,126,022 $ 9,232,198   $ 148,599,723
Ending Balance (in shares) at Sep. 30, 2024   11,244,156 3,373,014 5,357,014 702,574 3,168,958 245,414