Filing Flows › Strategic Storage Trust VI (SGST) › Q1 2025
Strategic Storage Trust VI (SGST) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Strategic Storage Trust VI (SGST) reported revenue of $7.3M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +0.1% from the quarter before. Operating margin was -24.1%, net loss $7.2M (98.5% of revenue).
Strategic Storage Trust VI, Q1 2025: revenue $7.3M (+11% year over year), operating margin -24.1%, net loss $7.2M, operating cash flow −$1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3M | +0.1% | +11% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$7.2M | — | — |
| Operating cash flow | −$1.3M | — | — |
What changed
Revenue was $7.3M in Q1 2025, up 11% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $1.8M, an operating margin of -24.1%. Total costs fell 11% while revenue rose 11%. The quarter ended with a net loss of $7.2M, narrower than the previous quarter's $10.1M loss. Net interest and other expense of $5.5M was the main reason.
Operating cash flow was −$1.3M. Non-cash charges added back $3.1M of depreciation and amortization. Working capital and other items added $2.8M. Capital expenditures of $3.0M exceeded it, leaving free cash flow of −$4.3M.
Questions
What was Strategic Storage Trust VI's revenue in the first quarter 2025?
Strategic Storage Trust VI (SGST) reported revenue of $7.3M for the first quarter 2025 (Q1 2025), +11% from a year earlier and +0.1% from the quarter before.
Was Strategic Storage Trust VI profitable in the first quarter 2025?
Operating loss was $1.8M (-24.1% of revenue) and net loss $7.2M.