Declared Dividend • Jun 25
First quarter dividend of CA$0.003 announced Shareholders will receive a dividend of CA$0.003. Ex-date: 30th June 2026 Payment date: 15th July 2026 Dividend yield will be 0.3%, which is lower than the industry average of 3.2%. Annonce • Jun 17
StorageVault Canada Inc. Announces Second Quarter Dividend, Payable on July 15, 2026 StorageVault Canada Inc. announced that a quarterly dividend of $0.003021 per common share (“Common Share”) will be payable on July 15, 2026 to shareholders of record on June 30, 2026, with an ex-dividend date of June 30, 2026. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes. Annonce • May 25
StorageVault Canada Inc. Approves the Election of Milton Lamb as Director StorageVault Canada Inc. announced the results of the annual general meeting of the shareholders held on May 21, 2026. The company approved the election of Milton Lamb as director. Annonce • Apr 24
Storagevault Canada Inc. Increases Dividend for the Second Quarter of 2026 StorageVault Canada Inc. announced that the company is increasing dividend by 0.5% to $0.003021 per common share for the second quarter of 2026. Annonce • Apr 17
Benjamin Harris Not Stands for Re-Election as Member of the Board of Directors of StorageVault Canada Inc StorageVault Canada Inc. announced Benjamin Harris, member of the Board of Directors. has indicated that he will not be standing for re-election at the upcoming annual general meeting of shareholders to be held on May 21, 2026. Annonce • Mar 17
StorageVault Canada Inc., Annual General Meeting, May 21, 2026 StorageVault Canada Inc., Annual General Meeting, May 21, 2026. Annonce • Mar 13
StorageVault Canada Inc. Announces Quarterly Dividend, Payable on April 15, 2026 StorageVault Canada Inc. announced that a quarterly dividend of $0.003006 per common share (“Common Share”) ?will be payable on ?April 15, 2026 to shareholders of record on March 31, 2026, with an ex-dividend date of March 31, 2026. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes. Annonce • Feb 13
Storagevault Canada Inc. Increases Dividend for the First Quarter of 2026 StorageVault Canada Inc. announced that it is increasing its first quarter 2026 dividend by 0.5% to $0.003006 per common share. Annonce • Dec 16
StorageVault Canada Inc. Announces Dividend for the Fourth Quarter of 2025, Payable on January 15, 2026 StorageVault Canada Inc. announced that a quarterly dividend of $0.002991 per common share ("Common Share") will be payable on January 15, 2026 to shareholders of record on December 31, 2025, with an ex-dividend date of December
31, 2025. Annonce • Oct 23
StorageVault Canada Inc. Increases Dividend for the Fourth Quarter of 2025 StorageVault Canada Inc. is increasing its fourth quarter 2025 dividend by 0.5% to $0.002991 per common share. Annonce • Sep 16
StorageVault Canada Inc. Announces Quarterly Dividend, Payable on ?October 15, 2025 STORAGEVAULT CANADA INC. announced that a quarterly dividend of $0.002976 per common share (“Common Share”) ?will be payable on ?October 15, 2025 to shareholders of record on September 29, 2025, with an ex-dividend ?date of September 29, 2025. Annonce • Jul 24
StorageVault Canada Inc. Increases Dividend for the Third Quarter of 2025 StorageVault Canada Inc. increased dividend for the third quarter of 2025 by 0.5% to $0.002976 per common share. Annonce • Jun 18
StorageVault Canada Inc. Declares Dividend for the Second Quarter 2025, Payable on July 15, 2025 STORAGEVAULT CANADA INC. announced that a quarterly dividend of $0.002961 per common share ?will be payable on ?July 15, 2025 to shareholders of record on June 30, 2025, with an ex-dividend ?date of June 30, 2025.? Annonce • Apr 24
StorageVault Canada Inc. Announces Increased Dividend for Second Quarter of 2025 StorageVault Canada Inc. is increasing its Second Quarter 2025 dividend by 0.5% to $0.002961 per common share. Annonce • Mar 19
StorageVault Canada Inc., Annual General Meeting, May 21, 2025 StorageVault Canada Inc., Annual General Meeting, May 21, 2025. Annonce • Feb 21
StorageVault Canada Inc. Increases Dividend for the First Quarter 2025 StorageVault Canada Inc. is increasing its first quarter 2025 dividend by 0.5% to $0.002946 per common share. Reported Earnings • Oct 24
Third quarter 2024 earnings released: CA$0.019 loss per share (vs CA$0.043 profit in 3Q 2023) Third quarter 2024 results: CA$0.019 loss per share (down from CA$0.043 profit in 3Q 2023). Revenue: CA$79.0m (up 4.2% from 3Q 2023). Net loss: CA$6.97m (down 143% from profit in 3Q 2023). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Annonce • Oct 24
Storagevault Canada Inc. Announces Increase in Quarterly Dividend Beginning Fourth Quarter 2024 StorageVault is increasing its quarterly dividend by 0.5% beginning Fourth Quarter 2024 to $0.002932 per common share. Declared Dividend • Sep 18
Second quarter dividend of CA$0.0029 announced Shareholders will receive a dividend of CA$0.0029. Ex-date: 27th September 2024 Payment date: 15th October 2024 Dividend yield will be 0.3%, which is lower than the industry average of 3.2%. Annonce • Sep 13
StorageVault Canada Inc. Announces Third Quarter Dividend for 2024, Payable on October 15, 2024 StorageVault Canada Inc. announced that third quarter dividend of $0.002917 per common share will be payable on October 15, 2024, to shareholders of record on September 27, 2024, with an ex-dividend date of September 27, 2024. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes. Reported Earnings • Jul 25
Second quarter 2024 earnings released: CA$0.023 loss per share (vs CA$0.033 profit in 2Q 2023) Second quarter 2024 results: CA$0.023 loss per share (down from CA$0.033 profit in 2Q 2023). Revenue: CA$74.1m (up 4.0% from 2Q 2023). Net loss: CA$8.69m (down 169% from profit in 2Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 16% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 24
First quarter dividend of CA$0.0029 announced Shareholders will receive a dividend of CA$0.0029. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 0.3%, which is lower than the industry average of 3.2%. Annonce • Jun 19
StorageVault Canada Inc. Announces Quarterly Dividend, Payable on July 15, 2024 StorageVault Canada Inc. announced that a quarterly dividend of $0.002903 per common share will be will be payable on ?July 15, 2024 to shareholders of record on June 28, 2024, with an ex-dividend date of June 28, 2024. Annonce • Apr 26
Storagevault Canada Inc. Increases Its Dividend for the Second Quarter of 2024 StorageVault Canada Inc. increased its quarterly dividend by 0.5% beginning Second Quarter 2024 to $0.002903 per common share. Reported Earnings • Apr 25
First quarter 2024 earnings released: CA$0.021 loss per share (vs CA$0.008 loss in 1Q 2023) First quarter 2024 results: CA$0.021 loss per share (further deteriorated from CA$0.008 loss in 1Q 2023). Revenue: CA$71.4m (up 5.9% from 1Q 2023). Net loss: CA$7.96m (loss widened 174% from 1Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 15% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • Apr 03
StorageVault Canada Inc., Annual General Meeting, May 23, 2024 StorageVault Canada Inc., Annual General Meeting, May 23, 2024, at 11:00 Eastern Daylight. Location: The Offices of DLA Piper (Canada) LLP Suite 6000, 1 First Canadian Place, 100 King Street W Toronto Ontario Canada Declared Dividend • Mar 25
Fourth quarter dividend of CA$0.0029 announced Shareholders will receive a dividend of CA$0.0029. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 0.3%, which is lower than the industry average of 3.2%. Recent Insider Transactions • Mar 17
Independent Director recently sold €689k worth of stock On the 12th of March, Alan Simpson sold around 200k shares on-market at roughly €3.44 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €301k more than they bought in the last 12 months. Reported Earnings • Feb 25
Full year 2023 earnings released: CA$0.005 loss per share (vs CA$0.11 loss in FY 2022) Full year 2023 results: CA$0.005 loss per share (improved from CA$0.11 loss in FY 2022). Revenue: CA$288.7m (up 10% from FY 2022). Net loss: CA$1.70m (loss narrowed 96% from FY 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Feb 23
StorageVault Canada Inc. Increases Its Dividend for the First Quarter of 2024 StorageVault is increasing its quarterly dividend by 0.5% beginning First Quarter 2024 to $0.002888 per common share. Annonce • Dec 15
StorageVault Canada Inc. Announces Dividend for the Fourth Quarter 2023, Payable on January 15, 2024 StorageVault Canada Inc. announced dividend for the fourth quarter 2023 of $0.002874 per common share (Common Share) will be payable on January 15, 2024 to shareholders of record on December 29, 2023, with an ex-dividend date of December 28, 2023. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CA$0.043 (vs CA$0.006 loss in 3Q 2022) Third quarter 2023 results: EPS: CA$0.043 (up from CA$0.006 loss in 3Q 2022). Revenue: CA$75.7m (up 9.3% from 3Q 2022). Net income: CA$16.4m (up CA$18.5m from 3Q 2022). Profit margin: 22% (up from net loss in 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 14% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annonce • Oct 26
StorageVault Canada Inc. Increases Quarterly Dividend, Beginning Fourth Quarter of 2023 StorageVault Canada Inc. is increasing its quarterly dividend by 0.5% beginning fourth quarter of 2023 to $0.002874 per common share. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: CA$0.033 (vs CA$0.019 loss in 2Q 2022) Second quarter 2023 results: EPS: CA$0.033 (up from CA$0.019 loss in 2Q 2022). Revenue: CA$71.3m (up 8.1% from 2Q 2022). Net income: CA$12.6m (up CA$19.9m from 2Q 2022). Profit margin: 18% (up from net loss in 2Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 27
StorageVault Canada Inc. Increases Quarterly Dividend StorageVault Canada Inc. announced that it is increasing its quarterly dividend by 0.5% beginning third quarter of 2023 to $0.002859 per common share. Annonce • Jun 16
Storagevault Canada Inc. Announces Quarterly Dividend for Second Quarter of 2023, Payable on July 17, 2023 StorageVault Canada Inc. announced that a quarterly dividend of $0.002845 per common share (“Common Share”) will be payable on July 17, 2023 to shareholders of record on June 30, 2023, with an ex-dividend date of June 29, 2023. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes. Annonce • Jun 02
Automotive Properties Real Estate Investment Trust (TSX:APR.UN) and StorageVault Canada Inc. (TSX:SVI) acquired Automotive dealership property located at 9425 Taschereau Boulevard in Brossard, Quebec for CAD 16.1 million. Automotive Properties Real Estate Investment Trust (TSX:APR.UN) and StorageVault Canada Inc. (TSX:SVI) acquired Automotive dealership property located at 9425 Taschereau Boulevard in Brossard, Quebec for CAD 16.1 million on June 1, 2023.Automotive Properties Real Estate Investment Trust (TSX:APR.UN) and StorageVault Canada Inc. (TSX:SVI) completed the acquisition of Automotive dealership property located at 9425 Taschereau Boulevard in Brossard, Quebec on June 1, 2023. Reported Earnings • Apr 28
First quarter 2023 earnings released: CA$0.008 loss per share (vs CA$0.023 loss in 1Q 2022) First quarter 2023 results: CA$0.008 loss per share (improved from CA$0.023 loss in 1Q 2022). Revenue: CA$67.4m (up 17% from 1Q 2022). Net loss: CA$2.90m (loss narrowed 66% from 1Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 35% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 25
Full year 2022 earnings released: CA$0.11 loss per share (vs CA$0.097 loss in FY 2021) Full year 2022 results: CA$0.11 loss per share (further deteriorated from CA$0.097 loss in FY 2021). Revenue: CA$261.8m (up 26% from FY 2021). Net loss: CA$41.2m (loss widened 15% from FY 2021). Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 10
StorageVault Canada Inc. announced that it has received CAD 150 million in funding On January 9, 2023, StorageVault Canada Inc. closed the transaction. The transaction is led by syndicate of underwriters including Scotia Capital Inc. followed by CIBC World Markets Inc., National Bank Financial, Inc., TD Securities Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp., Cormark Securities Inc., and Raymond James Ltd.. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CA$0.006 loss per share (vs CA$0.012 loss in 3Q 2021) Third quarter 2022 results: CA$0.006 loss per share (improved from CA$0.012 loss in 3Q 2021). Revenue: CA$69.3m (up 22% from 3Q 2021). Net loss: CA$2.12m (loss narrowed 51% from 3Q 2021). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% decline forecast for the Real Estate industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Aug 11
Now 22% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €6.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 6.9%. Reported Earnings • Jul 29
Second quarter 2022 earnings released: CA$0.019 loss per share (vs CA$0.019 loss in 2Q 2021) Second quarter 2022 results: CA$0.019 loss per share (vs CA$0.019 loss in 2Q 2021). Revenue: CA$66.0m (up 28% from 2Q 2021). Net loss: CA$7.28m (loss widened 1.5% from 2Q 2021). Over the next year, revenue is forecast to grow 7.5% compared to a 44% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 06
First quarter 2022 earnings released: CA$0.023 loss per share (vs CA$0.031 loss in 1Q 2021) First quarter 2022 results: CA$0.023 loss per share (up from CA$0.031 loss in 1Q 2021). Revenue: CA$57.5m (up 33% from 1Q 2021). Net loss: CA$8.58m (loss narrowed 25% from 1Q 2021). Over the next year, revenue is forecast to grow 14% compared to a 32% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Apr 07
Now 21% undervalued Over the last 90 days, the stock is up 1.3%. The fair value is estimated to be €6.11, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has declined by 4.0%. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CA$0.097 loss per share (down from CA$0.092 loss in FY 2020). Revenue: CA$208.7m (up 34% from FY 2020). Net loss: CA$35.9m (loss widened 7.8% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 17% compared to a 27% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Reported Earnings • Nov 04
Third quarter 2021 earnings released: CA$0.012 loss per share (vs CA$0.017 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: CA$56.9m (up 42% from 3Q 2020). Net loss: CA$4.29m (loss narrowed 32% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Reported Earnings • Aug 08
Second quarter 2021 earnings released: CA$0.019 loss per share (vs CA$0.024 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: CA$51.7m (up 38% from 2Q 2020). Net loss: CA$7.17m (loss narrowed 17% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Annonce • May 07
StorageVault Canada Inc. Increases Quarterly Dividend Beginning Second Quarter 2021 StorageVault Canada Inc. is increasing its quarterly dividend by 0.5% beginning Second Quarter 2021 to $0.002734 per common share. Reported Earnings • May 07
First quarter 2021 earnings released: CA$0.031 loss per share (vs CA$0.023 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: CA$43.3m (up 21% from 1Q 2020). Net loss: CA$11.4m (loss widened 36% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Annonce • Mar 16
StorageVault Canada Inc. Announces Quarterly Dividend, Payable on April 15, 2021 StorageVault Canada Inc. announced that a quarterly dividend of $0.002720 per common share (“Common Share”) will be payable on April 15, 2021 to shareholders of record on March 31, 2021, with an ex-dividend date of March 30, 2021. Is New 90 Day High Low • Mar 11
New 90-day high: €2.64 The company is up 3.0% from its price of €2.56 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.37 per share. Annonce • Mar 04
StorageVault Canada Inc. (TSXV:SVI) agreed to acquire 15 Stores in Canada from Access Self Storage Inc. and others for CAD 100 million. StorageVault Canada Inc. (TSXV:SVI) agreed to acquire 15 Stores in Canada from Access Self Storage Inc. and others for CAD 100 million on March 3, 2021. Five of the Acquisitions are arm’s length and two, totaling CAD 10.7 million are related party acquisitions with Access Self Storage or its affiliates or associates. The aggregate purchase price of CAD 100 million subject to adjustments and is payable by the issuance of an aggregate of up to approximately CAD 15 million of StorageVault common shares to certain of the vendors based on an agreed upon VWAP ending two days prior to closing, with the remainder of the aggregate purchase price being paid with funds on hand and mortgage financing. The transaction is subject to satisfactory due diligence, obtaining first mortgage commitments and satisfactory environmental site assessment reports. The obligations of both StorageVault Canada Inc. and the vendors to complete the closing of the acquisitions are subject to the satisfaction of other customary closing conditions and include acceptance of the TSX Venture Exchange. The transaction is expected to close in Quarter 1 and Quarter 2 of 2021. Reported Earnings • Feb 26
Full year 2020 earnings released: CA$0.092 loss per share (vs CA$0.13 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: CA$155.5m (up 15% from FY 2019). Net loss: CA$33.3m (loss narrowed 28% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 9.2% compared to a 32% decline forecast for the Real Estate industry in Germany. Annonce • Feb 09
The Canadian Olympic Committee Announces StorageVault Canada Inc. as the New Official Storage and Moving Partner of Team Canada The Canadian Olympic Committee (COC) formally announced StorageVault Canada Inc. as the new Official Storage and Moving Partner of Team Canada. The five-year partnership, which began in late 2020 and runs through 2024, will focus on providing residential, office, corporate and industrial storage and moving services to the COC, National Sport Organizations and Team Canada athletes. For more than 20 years, StorageVault, and its affiliate brands Access Storage, Sentinel Storage, Storage for Your Life and Depotium Mini-Entrepôt. In addition, StorageVault offers portable storage across the country through Cubeit and StorageVault Containers, as well as document storage and shredding (RecordXpress). Their mission has always included supporting the communities they serve, from grassroots organizations to Olympians striving for gold, especially during these unique times. It was this shared philosophy and core values around supporting the Canadian sporting community, and beyond, that made the partnership with Team Canada a natural fit for StorageVault. Annonce • Dec 17
StorageVault Canada Inc. Announces Board Changes StorageVault Canada Inc. announce that Benjamin Harris has been appointed a director of StorageVault. Longtime director, Blair Tamblyn has stepped-down from the StorageVault Board of Directors as he resumes his seat as Chair and CEO of Timbercreek Financial (TF) and with plans to join the Parkit Enterprises (PKT-V) Board. Effective December 15, 2020, the directors of StorageVault are Jay Lynne Fleming, Benjamin Harris, Iqbal Khan, Steven Scott and Alan Simpson. Mr. Harris has more than 20 years of real estate investment and management experience. Mr. Harris is currently the managing member of a private investment vehicle based in the United States. Until September 2020, he served as CEO of LINK Logistics. StorageVault is also announced that Tamara Souglis has been appointed StorageVault's Corporate Secretary. Is New 90 Day High Low • Dec 10
New 90-day high: €2.64 The company is up 32% from its price of €2.00 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.33 per share. Annonce • Dec 06
StorageVault Canada Inc. (TSXV:SVI) completed the acquisition of 13 stores in Canada from Access Self Storage Inc. and others. StorageVault Canada Inc. (TSXV:SVI) agreed to acquire 13 stores in Canada from Access Self Storage Inc. and others for CAD 220 million on November 2, 2020. Four of the acquisitions are arm’s length and two, totaling CAD 30 million, are related party acquisitions with Access Self Storage or its affiliates or associates. The consideration is subject to customary adjustments and is payable by the issuance of an aggregate of up to CAD 10 million of StorageVault common shares to certain of the vendors based on an agreed upon VWAP ending two days prior to closing, with the remainder of the aggregate purchase price being paid with funds on hand, first mortgages, mortgage assumptions and vendor take back financing. The acquisitions will result in StorageVault owning 168 stores and owning and managing 209 across Canada. The obligations of StorageVault to complete the acquisitions are subject to conditions including, but not limited to satisfactory due diligence, mortgage assumption approvals, obtaining first mortgage commitments, and satisfactory environmental site assessment reports. The obligations of both StorageVault and the vendors to complete the closing of the acquisitions are subject to the satisfaction of other customary closing conditions and include acceptance of the TSX Venture Exchange (“TSXV”). None of the six vendor group acquisitions are conditional or contingent on the completion of other acquisitions. The transaction is expected to close in fourth quarter of 2020.
StorageVault Canada Inc. (TSXV:SVI) completed the acquisition of 13 stores in Canada from Access Self Storage Inc. and others on December 4, 2020. As part of transaction, consideration will be paid by the issuance of 2.178964 million common shares of StorageVault at an aggregate price of CAD 8 million with the remainder being paid with funds on hand, promissory note and mortgage financing. The related party acquisitions were closed in escrow pending TSX Venture Exchange acceptance of such acquisitions. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue beats expectations Revenue exceeded analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 7.6% compared to a 33% decline forecast for the Real Estate industry in Germany. Reported Earnings • Nov 13
Third quarter 2020 earnings released: CA$0.017 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: CA$40.1m (up 7.4% from 3Q 2019). Net loss: CA$6.28m (loss narrowed 33% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annonce • Nov 03
StorageVault Canada Inc. (TSXV:SVI) agreed to acquire 13 stores in US from Access Self Storage Inc. and others for CAD 220 million. StorageVault Canada Inc. (TSXV:SVI) agreed to acquire 13 stores in US from Access Self Storage Inc. and others for CAD 220 million on November 2, 2020. Four of the acquisitions are arm’s length and two, totaling $30 million, are related party acquisitions with Access Self Storage Inc. or its affiliates or associates.The consideration is subject to customary adjustments. and is payable by the issuance of an aggregate of up to CAD 10 million of StorageVault common shares to certain of the vendors based on an agreed upon VWAP ending two days prior to closing, with the remainder of the aggregate purchase price being paid with funds on hand, first mortgages, mortgage assumptions and vendor take back financing. The acquisitions will result in StorageVault owning 168 stores and owning and managing 209 across Canada. The obligations of StorageVault to complete the acquisitions are subject to conditions including, but not limited to satisfactory due diligence, mortgage assumption approvals, obtaining first mortgage commitments, and satisfactory environmental site assessment reports. The obligations of both StorageVault and the vendors to complete the closing of the acquisitions are subject to the satisfaction of other customary closing conditions and include acceptance of the TSX Venture Exchange (“TSXV”). None of the six vendor group acquisitions are conditional or contingent on the completion of other acquisitions. The transaction is expected to close in fourth quarter of 2020. Is New 90 Day High Low • Oct 31
New 90-day high: €2.22 The company is up 16% from its price of €1.92 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.00 per share.