Storagevault Canada Inc T.SVI.DB.B

Primary Symbol: T.SVI Alternate Symbol(s): SVAUF | 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 individuals and commercial customers. It operates three business segments: self storage, portable storage and management fees. It is represented regionally under the various brands: Access Storage, Sentinel Storage, Depotium Mini-Entrepot and Cubeit Portable Storage. It also provides last mile storage and logistics solutions through FlexSpace Logistics and professional records management services, such as document and media storage, imaging and shredding services through RecordXpress. It owns and operates approximately 251 storage locations across Canada. It owns 221 of these locations plus over 5,000 portable storage units representing over 12.5 million rentable square feet on over 725 acres of land. It offers self-storage solutions to residential clients who are in a state of transition.

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Storagevault Canada Inc

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Post by Possibleidiot01on Oct 31, 2024 5:50pm

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Post# 36291451

Andrew Moffs - HOLD

HOLD

Both sides of the border, self-storage is in a more difficult operating environment. Less needed with less housing activity, so pricing power is elusive. Income growth has fallen, more expenses. Getting interesting at these levels. If you own, you could hold and hope for a recovery in 2025.

A more bullish outlook on housing would be a catalyst.

(Analysts’ price target is $5.50)

Transportation

$4.100