Grafa
Strategic Storage Trust VI reports higher Q1 revenue as rental rates offset occupancy dip
Image for illustrative purposes only. Not a real photo.

Strategic Storage Trust VI reports higher Q1 revenue as rental rates offset occupancy dip

Share

Strategic Storage Trust VI, a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT (NYSE:SMA), announced its operating results for the first quarter of 2026, highlighted by top-line growth and improved same-store metrics.

Total revenues for the three months ended March 31, 2026, reached approximately $7.8 million, representing an increase of roughly $0.5 million compared to the same period in 2025.

The growth was supported by performance in the company's same-store portfolio, where revenue expanded by 4.2% and net operating income increased by 2.0% year-over-year.

The financial gains were achieved primarily through pricing power, which helped mitigate a minor softening in facility utilization.

Same-store annualized rent per occupied square foot advanced 5.8% to $17.81, up from $16.83 in the first quarter of 2025.

This increase in rental rates offset a 1.5% decline in same-store average physical occupancy, which fell to 90.3% from the 91.8% reported in the prior year's matching period.

Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relate to your unique circumstances.

Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of or reliance on the information provided directly or indirectly, by use of this platform.