Bullboard - Stock Discussion Forum Storagevault Canada Inc SVAUF

Primary Symbol: T.SVI Alternate Symbol(s): 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 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... see more

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Storagevault Canada Inc > A beat

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Post by retiredcf on May 05, 2022 6:56am

A beat

StorageVault Canada Inc. increased its dividend and reported first-quarter revenue rose to $57.5-million compared to $43.3-million a year ago and beat expectations of $56.6-million.

The company said its net loss of $8.6-million (versus a net loss of $11.4-million a year ago) is mainly after $21.6-million of depreciation and amortization, $2.8-million of unrealized loss on derivative financial instruments and deferred tax recovery recorded in the quarter of $1.4-million. It said all three of these amounts are non-cash items.

StorageVault also announced an increase in its quarterly dividend by 0.5 per cent to $0.002789 per common share.

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