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Storagevault Canada Inc T.SVI

Alternate Symbol(s):  T.SVI.DB | T.SVI.DB.B | T.SVI.DB.C | SVAUF

StorageVault Canada Inc. is a Canada-based storage company. The Company's primary business is owning, managing and renting self-storage and portable storage space to individual and commercial customers. The Company is represented regionally under various brands, including Access Storage, Sentinel Storage, Depotium Mini-Entrepot, Cubeit Portable Storage, StorageVault, PUPS Containers, FlexSpace Logistics, movebuddy and others. It owns and operates 244 storage locations across Canada. It owns 213 of these locations plus over 5,000 portable storage units representing over 11.8 million rentable square feet on over 690 acres of land. The Company also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging, and shredding services.


TSX:SVI - Post by User

Post by Possibleidiot01on Jan 08, 2024 4:28pm
266 Views
Post# 35816372

Andrew Pink - BNN comment- TOP PICK

Andrew Pink - BNN comment- TOP PICK
TOP PICK

An essential service, and SVI is the only public storage company in Canada. Not a REIT. Have strong organic growth, but also buy companies with a good track record in a fragmented industry in Canada. So there are lots of opportunities to buy smaller companies. They target 4-6% same property growth. Lease terms are typically 1.5-2 years, so prices can be reset. They keep capital costs very low, and are diversified geographically. Defensive. Is 16% below February 2023, so there's room to run.

(Analysts’ price target is $5.91)
Transportation
N/A
Owned

Storage Vault (SVI TSX)

Storage Vault is a unique, real estate operating company with a portfolio of storage facilities in strategic locations across Canada. Storage is a needs-based product for individuals, families, and businesses. SVI is a consolidator in a fragmented industry and provides investors with the prospect for reliable long-term growth. Seasonal rental turnover provides management with ongoing market price discovery which helps support a targeted four per cent to six per cent same property net operating income annual growth rate.



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