Strategic Storage Trust VI, Inc. Reports Year Ended December 31, 2025 Results

About this update from Smartstop Self Storage Reit, Inc.

Year Ended December 31, 2025 Financial Highlights: LADERA RANCH, Calif., April 03, 2026--(BUSINESS WIRE)--Strategic Storage Trust VI, Inc. ("SST VI"), a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. ("SmartStop") (NYSE: SMA), announced operating results for the year ended December 31, 2025. "Our performance this year reflects the strength of both our Sponsor's operating platform, our disciplined growth strategy and our strategic allocation to high performing Canadian assets," commented H. Michael Schwartz, President and CEO of Strategic Storage Trust VI, Inc. "Year-to-date, total revenues increased by 8.8%, driven in part by continued momentum in our same-store portfolio, where revenues grew 4.6% and net operating income increased 8.6%. These results underscore our ability to drive meaningful operating leverage while maintaining a strong focus on pricing, occupancy, and expense management. Equally important is the progress we’ve made on the development front. Over the past year, we successfully brought four of our Canadian joint venture properties online, expanding our footprint in the Greater Toronto Area and Quebec, Canada. While these assets are still in their initial lease-up phase, with average occupancy of approximately 41% as of year-end, we are encouraged by early demand trends and expect these properties to be a meaningful contributor to future growth as they stabilize. In addition, subsequent to year-end, we completed construction and commenced operations at our wholly owned development property in Ontario, Canada another important milestone that reflects our ability to execute on high-quality, strategically located projects." Key Highlights for the Year Ended December 31, 2025: Development Projects: As of December 31, 2025, we owned 50% of the equity interests in five unconsolidated real estate ventures in two Canadian provinces (Ontario and Quebec), with subsidiaries of SmartCentres Real Estate Investment Trust ("SmartCentres") owning the other 50% of such entities. Our unconsolidated real estate ventures consist of four operating self storage properties in the lease-up phase and one parcel of land that is intended to be developed into a self storage facility. In late 2024, we completed development and commenced op...

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