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1. Company Snapshot

1.a. Company Description

StorageVault Canada Inc.owns, manages, and rents self-storage and portable storage space in Canada.It operates through three segments: Self Storage, Portable Storage, and Management Fees.


The company manages 34 stores owned by third parties; and stores, shreds, and manages documents and records for customers.As of October 11, 2022, it owned and operated 236 storage locations, including 204 owned locations, as well as approximately 4,500 portable storage units in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and Nova Scotia.The company operates its stores under the Access Storage, Depotium Mini-Entrepots, Sentinel Storage, and Storage For Your Life brands; portable storage under the Cubeit and PUPS brands; and record management under the RecordXpress brand.


It serves individuals, governments, and commercial customers.StorageVault Canada Inc.was incorporated in 2007 and is headquartered in Toronto, Canada.

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1.b. Last Insights on SVI

StorageVault Canada Inc.'s recent performance was driven by strong Q2 2025 results, with same-store revenue growth of 6.6% and NOI growth of 5.2%, leading to a 5.4% increase in AFFO per common share. The company also increased its dividend, designating it as an "eligible dividend" for Canadian income tax purposes. Additionally, StorageVault completed the acquisition of 4 stores for $60.8 million, bringing its adjusted total to $132.6 million. Desjardins upgraded the stock to Buy from Hold, while National Bank of Canada confirmed its outperform rating and $4.75 price target.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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StorageVault Announces Full Exercise of Over-Allotment Option

Dec -04

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StorageVault Announces Successful Closing of $50 Million Bought Deal Offering of 5.60% Senior Unsecured Hybrid Debentures

Nov -28

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StorageVault Announces Filing of Short Form Prospectus

Nov -25

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StorageVault Announces $50 Million Bought Deal Offering of 5.60% Senior Unsecured Hybrid Debentures

Nov -12

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StorageVault Canada Price Target Raised to $5.50 at CIBC

Oct -24

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StorageVault Reports 2025 Third Quarter Results and Increases Dividend

Oct -22

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A Closer Look at StorageVault Canada (TSX:SVI) Valuation as Share Price Rises 17% in Three Months

Oct -19

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StorageVault Receives Additional $15 Million in Expropriation Compensation

Oct -17

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.90%)

6. Segments

Self Storage

Expected Growth: 7%

Strong demand for storage units driven by urbanization, increasing population density, and rising housing costs. Growing popularity of online shopping and e-commerce, leading to increased storage needs for businesses. Strategic acquisitions and expansion into new markets, coupled with efficient operations and cost management, contribute to StorageVault Canada Inc.'s 7% growth.

Portable Storage

Expected Growth: 5%

Portable Storage from StorageVault Canada Inc. growth driven by increasing demand for flexible storage solutions, rising e-commerce sales, and growing need for secure storage options. Additionally, the company's strategic expansion into new markets, investments in technology, and focus on customer convenience also contribute to its 5% growth.

Management

Expected Growth: 4%

StorageVault Canada Inc.'s 4-level growth is driven by strategic acquisitions, increasing demand for storage units, and expansion into new markets. Effective cost management and operational efficiencies also contribute to growth. Additionally, the company's focus on providing a range of storage solutions and exceptional customer service helps to drive revenue and profitability.

7. Detailed Products

Self Storage

Secure, climate-controlled storage units for personal and business use

Portable Storage

Portable storage containers delivered to customers' locations for easy packing and storage

Heated Storage

Climate-controlled storage units with heated facilities for sensitive items

RV and Vehicle Storage

Secure outdoor and indoor storage for recreational vehicles, cars, and boats

Document Storage

Secure storage for sensitive documents and records

Warehouse and Distribution

Secure warehouse space for inventory management and distribution

8. StorageVault Canada Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

StorageVault Canada Inc. operates in a highly competitive industry, but the threat of substitutes is mitigated by the company's focus on providing a unique value proposition to its customers.

Bargaining Power Of Customers

StorageVault Canada Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's focus on providing excellent customer service helps to build strong relationships with its customers.

Bargaining Power Of Suppliers

StorageVault Canada Inc. relies on a network of suppliers to provide goods and services, but the company's scale and negotiating power help to mitigate the bargaining power of its suppliers.

Threat Of New Entrants

The self-storage industry is relatively easy to enter, and new entrants can pose a significant threat to StorageVault Canada Inc.'s market share. However, the company's established brand and scale of operations provide a competitive advantage.

Intensity Of Rivalry

The self-storage industry is highly competitive, with many players competing for market share. StorageVault Canada Inc. must continually innovate and improve its services to maintain its competitive edge.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 91.90%
Debt Cost 8.34%
Equity Weight 8.10%
Equity Cost 8.34%
WACC 8.34%
Leverage 1134.49%

11. Quality Control: StorageVault Canada Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Altus Group

A-Score: 5.0/10

Value: 3.2

Growth: 2.9

Quality: 8.2

Yield: 1.0

Momentum: 6.5

Volatility: 8.3

1-Year Total Return ->

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Stock-Card
StorageVault Canada

A-Score: 4.5/10

Value: 3.2

Growth: 7.1

Quality: 3.0

Yield: 0.0

Momentum: 6.0

Volatility: 7.7

1-Year Total Return ->

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Madison Pacific Properties

A-Score: 4.4/10

Value: 3.4

Growth: 3.7

Quality: 5.6

Yield: 8.0

Momentum: 1.5

Volatility: 4.0

1-Year Total Return ->

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Stock-Card
RE/MAX

A-Score: 4.3/10

Value: 8.5

Growth: 3.2

Quality: 6.8

Yield: 2.0

Momentum: 2.0

Volatility: 3.7

1-Year Total Return ->

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Stock-Card
Doma

A-Score: 4.0/10

Value: 9.6

Growth: 3.3

Quality: 5.4

Yield: 0.0

Momentum: 5.0

Volatility: 0.7

1-Year Total Return ->

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Stock-Card
J.W. Mays

A-Score: 4.0/10

Value: 3.8

Growth: 4.4

Quality: 2.7

Yield: 0.0

Momentum: 6.5

Volatility: 6.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

5.08$

Current Price

5.08$

Potential

-0.00%

Expected Cash-Flows