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Formation and Corporate Structure Strategic Storage Trust VI, Inc., a Maryland corporation (the Company ), was formed on October 14, 2020 under the Maryland General Corporation Law for the purpose of engaging in the business of investing in self storage facilities and commenced formal operations on March 10, 2021. As used herein, we, us, our and Company refer to Strategic Storage Trust VI, Inc.…
The business is unprofitable at the operating level (-18.91% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 8.8%, steady but not accelerating.
Negative free cash flow of -$33M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$31M
▲ +8.8% YoY
Net Income (TTM)
-$38M
▲ +22.7% YoY
Op. Margin
-18.77%
▲ +17.6pp YoY
ROIC
-1.45%
▲ +0.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$28M
▼ -104.6% YoY
Op. Cash Flow (TTM)
-$17M
▼ -258.8% YoY
Net Debt
$282M
Cash & Equiv.
$8M
3Y CAGR: +51.8%
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