Filing Flows › Strategic Storage Trust VI (SGST) › Q4 2024
Strategic Storage Trust VI (SGST) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Strategic Storage Trust VI (SGST) reported revenue of $7.3M for the fourth quarter 2024 (Q4 2024), +14% from a year earlier and +0.8% from the quarter before. Operating margin was -21.5%, net loss $10.1M (137.8% of revenue).
Strategic Storage Trust VI, Q4 2024: revenue $7.3M (+14% year over year), operating margin -21.5%, net loss $10.1M, operating cash flow −$5.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3M | +0.8% | +14% |
| Operating profit | −$1.6M | — | — |
| Net earnings | −$10.1M | — | — |
| Operating cash flow | −$5.6M | — | — |
What changed
Revenue was $7.3M in Q4 2024, up 14% year over year and up 1% from the previous quarter.
Operating costs exceeded revenue by $1.6M, an operating margin of -21.5%. Total costs fell 11% while revenue rose 14%. The quarter ended with a net loss of $10.1M, wider than the previous quarter's $8.0M loss. Net interest and other expense of $8.5M was the main reason.
Operating cash flow was −$5.6M. Non-cash charges added back $3.7M of depreciation and amortization. Working capital and other items added $792K. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$7.5M.
Questions
What was Strategic Storage Trust VI's revenue in the fourth quarter 2024?
Strategic Storage Trust VI (SGST) reported revenue of $7.3M for the fourth quarter 2024 (Q4 2024), +14% from a year earlier and +0.8% from the quarter before.
Was Strategic Storage Trust VI profitable in the fourth quarter 2024?
Operating loss was $1.6M (-21.5% of revenue) and net loss $10.1M.