Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:SVI - Post Discussion

Storagevault Canada Inc > StorageVault Reports 2024 First Quarter

View:

Post by Betteryear2 on Apr 24, 2024 6:27pm

StorageVault Reports 2024 First Quarter

TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX) reported the Corporation’s 2024 first quarter results and increases its dividend. Iqbal Khan, Chief Financial Officer, commented:

“Our national strategically located portfolio achieved same store NOI growth of 5.2%, AFFO growth of 6.6% per common share, while maintaining over 90% fixed rate debt. We are pleased to have announced the acquisition of two stores for $43 million earlier this week with quick closings that demonstrate the strength of our balance sheet and team. With the recent change to the capital gains inclusion rate, the ability to close quickly is critical. For the balance of the year, we will continue to be disciplined purchasers of assets, and will focus on controlling expenses, while maximizing revenues, NOI and free cash flow.”

StorageVault Reports 2024 First Quarter Results (globenewswire.com)

222