Strategic Storage Trust VI, Inc. Reports Second Quarter 2026 Results
LADERA RANCH, Calif. — Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), announced operating results for the three and six months ended June 30, 2026.
“This was a quarter of operational stability and strategic transformation,” commented H. Michael Schwartz, President and CEO of Strategic Storage Trust VI, Inc. “Same-store Revenue showed modest increases, and we made important progress across our joint venture portfolio, positioning those assets for future contribution. Most notably, we announced the merger agreement with Strategic Storage Growth Trust III, Inc. that will create a combined company with more than $1.0 billion in total assets, meaningfully strengthening our competitive position and platform for growth. We’re pleased to build on a stable operating quarter with a transaction that we believe sets up a stronger, more efficient company for the future.”
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On July 14, 2026, the Company, Strategic Storage Growth Trust III, Inc. (“SSGT III”), and SSGT III Merger Sub, LLC, a wholly owned subsidiary of the Company (“SSGT III Merger Sub”), entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”). Pursuant to the Merger Agreement, the Company will acquire SSGT III by way of a merger of SSGT III with and into SSGT III Merger Sub, with SSGT III Merger Sub being the surviving entity (the “SSGT III Merger”).
Assuming all of the conditions of the Merger Agreement are satisfied and the SSGT III Merger is consummated in accordance with the terms in the Merger Agreement, the Company will acquire all of the real estate owned by SSGT III, which as of June 30, 2026 consisted of (i) 12 wholly owned self storage facilities located in four states and three Canadian provinces comprising approximately 9,215 self storage units and approximately 981,465 net rentable square feet, (ii) SSGT III’s 50% equity interest in three unconsolidated real estate ventures located in the two Canadian provinces (British Columbia and Quebec), and (iii) beneficial interest in three Delaware Statutory Trust (“DST”) sponsored programs that own eight self storage properties. The unconsolidated real estate ventures consist of one operating self storage property and two parcels of land being developed into self storage facilities, with subsidiaries of SmartCentres Real Estate Investment Trust, an unaffiliated third party (“SmartCentres”), owning the other 50% of such entities. For additional information please refer to the Company’s Current Report on Form 8-K filed with the SEC on July 14, 2026.
As of June 30, 2026, we owned 50% of the equity interests in five unconsolidated real estate ventures in two Canadian provinces (Ontario and Quebec), with subsidiaries of SmartCentres owning the other 50% of such entities. Our unconsolidated real estate ventures consist of five operating self-storage properties in the lease-up phase.
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