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Strategic Storage Trust VI (SGST) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · Strategic Storage Trust VI (SGST) Q2 2026 earnings results →
Q2 2026 Revenue up 5% year over year to $8.0M · 118¢ of every $1 of revenue lost · operating margin -26.1%
Strategic Storage Trust VI made $8.0M in Q2 2026 (+5% Y/Y). Operating margin -26.1%, net loss $9.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $8.0M in Q2 2026, up 5% year over year and up 3% from the previous quarter.
Operating costs exceeded revenue by $2.1M, an operating margin of -26.1%. Total costs grew 9% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+11%). The quarter ended with a net loss of $9.5M, wider than the previous quarter's $8.6M loss. Net interest and other expense of $7.4M was the main reason.
Operating cash flow was $1.4M. Non-cash charges added back $3.4M of depreciation. Working capital and other items added $7.5M. Capital expenditures of $3.2M exceeded it, leaving free cash flow of −$1.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $8.0M | +5% | -26.1% | −$9.5M | $1.4M |
| Q1 2026 | 10-Q | May 12, 2026 | $7.8M | +6% | -23.3% | −$8.6M | $1.3M |
| Q4 2025 | 10-K | Mar 24, 2026 | $7.8M | +6% | -18.4% | −$5.5M | $256K |
| Q3 2025 | 10-Q | Nov 12, 2025 | $7.9M | +9% | -12.7% | −$8.3M | −$18.7M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $7.7M | +10% | -20.8% | −$3.0M | −$83K |
| Q1 2025 | 10-Q | May 8, 2025 | $7.3M | +11% | -24.1% | −$7.2M | −$1.3M |
| Q4 2024 | 10-K | Mar 31, 2025 | $7.3M | +14% | -21.5% | −$10.1M | −$5.6M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Strategic Storage Trust VI
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. Our year-end is December 31. As used herein, “we,” “us,” “our” and “Company” refer to Strategic Storage Trust VI, Inc. and each of our subsidiaries. SmartStop REIT Advisors, LLC is our sponsor (our “Sponsor”). Our Sponsor is an indirect subsidiary of SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA). Our Sponsor is a company focused on providing self storage advisory, asset management, and property management services. Our Sponsor owns 100% of Strategic Storage Advisor VI, LLC (our “Advisor”) and owns 100% of Strategic Storage Property Management VI, LLC (our “Property Manager”).
In its own words, from its 10-K, filed Mar 24, 2026.
Strategic Storage Trust VI against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +5% against the peers' median +11%. Operating margin: -26.1% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SGST Strategic Storage Trust VI | Q2 2026 | $8.0M | +5% | -26.1% |
| WELL Welltower | Q3 2026 | $3.7B | +38% | 9.1% |
| AMT American Tower | Q3 2026 | $2.8B | +2% | 45.6% |
| EQIX Equinix | Q3 2026 | $2.6B | +11% | 23.3% |
| PLD Prologis | Q1 2026 | $2.3B | +7% | 52.7% |
| IRM Iron Mountain | Q3 2026 | $2.0B | +14% | 20.6% |
| DLR Digital Realty Trust | Q3 2026 | $1.9B | +21% | 15.9% |
| WY Weyerhaeuser | Q3 2026 | $1.9B | +8% | 5.4% |
| VTR Ventas | Q3 2026 | $1.8B | +23% | 2.9% |
Source: Strategic Storage Trust VI 10-Q on SEC EDGAR · CIK 1852575 · Real Estate Investment Trusts
More on SGST
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results