SmartStop’s Strategic Storage Trust VI Reaffirms $10 NAV Per Share Amid Canadian Expansion

Strategic Storage Trust VI Inc., also known as SST VI, a publicly registered non-traded real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT Inc. (NYSE: SMA), announced that its board of directors has reaffirmed an estimated net asset value of $10.00 per share.

The valuation applies to the company’s Class P, A, T, W, Y, and Z common stock and was calculated based on the portfolio’s standing as of Sept. 30, 2025.

In a statement accompanying the valuation, H. Michael Schwartz, president and chief executive officer of SST VI, highlighted the firm’s approach during the recent self-storage sector volatility.

“Rather than chasing aggressively priced acquisitions during the post-COVID U.S. self-storage boom, we strategically shifted our capital toward high-quality opportunities in Canadian markets,” Schwartz said. He noted that the firm identified more favorable pricing and stronger long-term fundamentals in Canada, a move intended to differentiate the SST VI portfolio and drive long-term stockholder value. Last month, the company opened a new Class A self-storage facility in Toronto, Ontario.

SST VI clarified that the estimated NAV is based on various assumptions and does not represent the fair value under generally accepted accounting principles, nor does it reflect the price at which shares would trade on a national exchange or in a specific liquidity event.

The $10.00 NAV was finalized on March 20, 2026, following a comprehensive review by independent valuation firm Robert A. Stanger & Company Inc. Stanger provided a NAV per share range of $8.30 to $10.76, with a midpoint of approximately $9.74. According to the company, its board opted for a value slightly above the midpoint, citing the remaining growth potential in various properties and the overall assessment of the portfolio.

As of the end of September 2025, the SST VI’s total estimated NAV reached approximately $273.2 million, an approximate 20.6% increase from the $226.6 million reported in March 2024.

SST VI currently manages a diversified mix of stabilized and growth-oriented assets. As of late March 2026, the portfolio includes 13 operating properties totaling approximately 9,015 units and 11 operating properties comprising approximately 10,205 units, alongside joint venture interests in four operational sites and two development properties in Ontario and Québec.

The company’s sponsor, SmartStop, continues to expand its footprint as a major player in the industry, managing a total portfolio of over 460 operating properties across 35 states and Canada.

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