Recent Updates — SGST

Strategic Storage Trust VI completed its all-stock merger with Strategic Storage Growth Trust III on November 1, 2026. The transaction values the acquired portfolio at approximately $500 million and adds 12 wholly-owned facilities, bringing the combined company's total to 37 properties across ten U.S. states and three Canadian provinces. SSGT III shareholders received one share of Class A common stock for each share held, while preferred shares converted into Series G Convertible Preferred Stock with an initial dividend rate of 8.85%. The merger expands the REIT's total assets to over $1 billion.

Strategic Storage Trust VI, Inc. reported second quarter 2026 financial results via a press release on August 26, 2026. Total revenues increased approximately $0.4 million to $8.0 million for the three months ended June 30, 2026, with same-store revenue up 1.5%. Net loss attributable to common stockholders widened by approximately $6.8 million (111.9%) compared to the prior year period. The company also announced a merger agreement with Strategic Storage Growth Trust III, Inc., which would create a combined entity with over $1.0 billion in total assets. Additionally, the board declared a daily distribution rate of approximately $0.001698 per share for the July through September 2026 period. The company operates in the self-storage real estate industry.

Strategic Storage Trust VI, Inc. entered into a definitive merger agreement on July 14, 2026, to acquire Strategic Storage Growth Trust III, Inc. through a merger with a wholly-owned subsidiary. SSGT III common stock holders will receive one share of SST VI Class A Common Stock per share, and SSGT III Series A Preferred Stock will convert to SST VI Series G Preferred Stock. The transaction, which includes the acquisition of approximately 9,215 self-storage units and nearly 1 million square feet of rentable space, is expected to close in the fourth quarter of 2026. Strategic Storage Trust VI, Inc. operates in the self-storage real estate industry.