STRATEGIC STORAGE TRUST VI, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

December 31,
2025

December 31,
2024

ASSETS

Real estate facilities:

Land

$

112,763,319

$

109,097,324

Buildings

385,675,015

375,539,122

Site improvements

14,075,173

13,655,534

512,513,507

498,291,980

Accumulated depreciation

(41,047,473

)

(27,645,170

)

471,466,034

470,646,810

Construction in process

20,888,613

9,144,864

Real estate facilities, net

492,354,647

479,791,674

Cash and cash equivalents

8,801,019

10,827,415

Restricted cash

1,117,142

6,738,149

Investments in unconsolidated real estate ventures (Note 4)

24,512,945

18,207,135

Other assets, net

7,655,431

13,564,907

Total assets

$

534,441,184

$

529,129,280

LIABILITIES, TEMPORARY EQUITY AND EQUITY

Debt, net

$

292,908,254

$

274,056,356

Accounts payable and accrued liabilities

9,610,514

13,433,815

Distributions payable

4,679,935

4,409,505

Due to affiliates

4,674,857

13,877,191

Total liabilities

311,873,560

305,776,867

Commitments and contingencies

Redeemable common stock

13,063,224

10,279,772

Series B Convertible Preferred Stock, net $0.001 par value; 150,000 shares authorized; 150,000 issued and outstanding at December 31, 2025 and 2024, with aggregate liquidation preferences of $153,156,986 and $153,148,361 at December 31, 2025 and 2024, respectively

148,599,723

148,599,723

Series D Preferred units in our Operating Partnership, net $0.001 par value; 1,400,000 units authorized; 1,400,000 and none units issued and outstanding at December 31, 2025 and 2024, respectively with aggregate liquidation preferences of $35,170,167 and $0 at December 31, 2025 and 2024, respectively

34,626,688

—

Series E Redeemable 8% Preferred Stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding at December 31, 2025 and 2024

—

—

Equity:

Strategic Storage Trust VI, Inc.:

Preferred Stock, $0.001 par value; 200,000,000 shares authorized; none issued and outstanding at December 31, 2025 and 2024

—

—

Class P Common stock, $0.001 par value; 30,000,000 shares authorized; 11,457,294 and 11,280,098 shares issued and outstanding at December 31, 2025 and 2024, respectively

11,457

11,280

Class A Common stock, $0.001 par value; 230,000,000 shares authorized; 3,252,608 and 3,383,583 shares issued and outstanding at December 31, 2025 and 2024, respectively

3,253

3,384

Class T Common stock, $0.001 par value; 100,000,000 shares authorized; 5,446,198 and 5,373,889 shares issued and outstanding at December 31, 2025 and 2024, respectively

5,446

5,374

Class W Common stock, $0.001 par value; 70,000,000 shares authorized; 720,067 and 704,761 shares issued and outstanding at December 31, 2025 and 2024, respectively

720

705

Class Y Common stock, $0.001 par value; 200,000,000 shares authorized; 5,459,946 and 4,049,909 shares issued and outstanding at December 31, 2025 and 2024, respectively

5,460

4,050

Class Z Common stock, $0.001 par value; 70,000,000 shares authorized; 576,712 and 346,393 shares issued and outstanding at December 31, 2025 and 2024, respectively

577

346

Additional paid-in capital

222,010,592

207,773,199

Distributions

(47,498,935

)

(32,142,866

)

Accumulated deficit

(147,963,237

)

(111,392,263

)

Accumulated other comprehensive loss

(4,762,249

)

(4,432,786

)

Total Strategic Storage Trust VI, Inc. equity

21,813,084

59,830,423

Noncontrolling interests in our Operating Partnership

(611,660

)

225,081

Noncontrolling Series C Subordinated Units in our Operating Partnership

5,076,565

4,417,414

Total noncontrolling interest

4,464,905

4,642,495

Total equity

26,277,989

64,472,918

Total liabilities, temporary equity and equity

$

534,441,184

$

529,129,280