Storagevault Canada Inc T.SVI

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

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 about 249 storage locations across Canada. It owns 219 of these locations plus over 5,000 portable storage units representing over 12.4 million rentable square feet on over 715 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.

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Storagevault Canada Inc

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Post by MOJOJONOon Feb 29, 2020 12:54pm

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Post# 30751164

Dividend increase and earnings

Dividend increased a little again.
Earnings showed losses, but for the most part it was due to depreciation. The only "iffy" part was $9.3 Million paper loss on interest rate swaps, which probably means they locked in some rate in anticipation of rates going higher.

Acquisitions will slow down $50 to $75 million

StorageVault achieved significant growth in 2019 with $372.7 million in acquisitions. The full effect of these acquisitions will not be realized until 2020. StorageVault has completed $1.3 billion acquisitions in the past 5 years.

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