Core Insights - StorageVault Canada Inc. reported a 10% increase in revenue for 2025, reaching $335.1 million, and a 9.5% increase in net operating income (NOI) to $220.7 million, driven by strong same-store performance [2][3] - The company achieved a 5.8% growth in adjusted funds from operations (AFFO) per share, indicating solid operational performance [2][3] - For 2026, StorageVault anticipates continued growth in revenue, NOI, and AFFO, with plans to complete over $100 million in acquisitions and expand its footprint by 165,000 square feet [1][2] Financial Performance - Revenue increased from $304.7 million in 2024 to $335.1 million in 2025, marking a 10% growth [2] - NOI grew from $201.6 million in 2024 to $220.7 million in 2025, a 9.5% increase [2] - Cash flow from operations rose to $105.7 million from $100.9 million year-over-year [2] - The net loss for 2025 was $12.5 million, an improvement from a net loss of $30.2 million in 2024, influenced by non-cash items [2][6] Operational Highlights - Same-store revenue and NOI growth were 4.1% and 4.3%, respectively, compared to the previous year [3] - Funds from operations (FFO) increased by 3.7% year-over-year, reaching $82.5 million in 2025 [3] - AFFO also saw a 3.7% increase, totaling $90.5 million for the year [3] Future Outlook - The company expects to generate an additional $8.9 million in NOI annually from recently acquired and renovated properties as they stabilize over the next three years [4] - StorageVault aims to maintain its position as Canada's leading storage provider by enhancing its service offerings and expanding its market presence [1][10] Dividend Announcement - StorageVault announced a 0.5% increase in its Q1 2026 dividend to $0.003006 per common share [9] Company Strategy - The company focuses on owning and operating storage facilities in top Canadian markets, leveraging a multi-platform approach that includes portable storage and logistics services [10][19] - Growth strategies include acquisitions, organic performance improvements, and targeted expansions to meet demand [10]

Core Viewpoint - StorageVault Canada Inc. has announced the acquisition of six assets for a total of $71.8 million, which is expected to close in Q1 2026, enhancing its existing portfolio [1]. Group 1: Acquisition Details - The total purchase price for the acquisitions is $71.8 million, which may be adjusted and will be paid using existing funds, first mortgages, and potential share consideration [2]. - Among the acquisitions, four transactions are arm's length, while one transaction involving two stores, valued at $42.0 million, is a related party acquisition with Access Self Storage Inc. [1][2]. - The total amount of completed and announced transactions by StorageVault in the year to date exceeds $200 million, including $132.6 million of completed acquisitions [1]. Group 2: Conditions and Exemptions - The completion of the acquisitions is subject to conditions such as satisfactory due diligence, obtaining first mortgage commitments, and satisfactory environmental site assessments [3]. - The related party acquisition is considered a "related party transaction" under MI 61-101, and StorageVault will rely on exemptions from formal valuation and minority approval requirements [4]. Group 3: Company Overview - StorageVault currently operates 265 storage locations across Canada, owning 232 of these locations and over 5,000 portable storage units, totaling over 13.2 million rentable square feet [6]. - The company also provides last mile storage and logistics solutions, along with professional records management services [6].

Core Viewpoint - StorageVault Canada Inc. announced a quarterly dividend of $0.002991 per common share, payable on January 15, 2026, to shareholders of record on December 31, 2025, with an ex-dividend date of December 31, 2025, designated as an "eligible dividend" for Canadian income tax purposes [1]. Group 1 - StorageVault operates 265 storage locations across Canada, owning 232 of these locations and over 5,000 portable storage units [2]. - The total rentable space managed by StorageVault exceeds 13.2 million square feet, spread over 768 acres of land [2]. - The company provides last mile storage and logistics solutions, as well as professional records management services, including document and media storage, imaging, and shredding services [2].

Core Viewpoint - StorageVault Canada Inc. successfully completed an offering of senior unsecured hybrid debentures, raising a total of $57.5 million in gross proceeds, including an additional $7.5 million from the over-allotment option exercised by underwriters [1][2] Group 1: Offering Details - The offering consisted of listed senior unsecured hybrid debentures with an interest rate of 5.60% per annum, payable semi-annually, maturing on December 31, 2030 [2] - The total gross proceeds from the offering amounted to $57.5 million, with the initial offering announced on November 12, 2025 [1][3] - The underwriters for the offering included CIBC World Markets Inc., Scotia Capital Inc., and several other financial institutions [1] Group 2: Use of Proceeds - StorageVault plans to use the net proceeds from the offering to pay down bank debt, which may be re-drawn for the redemption of existing debentures due January 31, 2026, as well as for potential future acquisitions and general corporate purposes [3] Group 3: Company Overview - StorageVault operates 265 storage locations across Canada, owning 232 of these locations and over 5,000 portable storage units, totaling over 13.2 million rentable square feet [6]

Core Viewpoint - StorageVault Canada Inc. has announced an agreement to issue $50 million in senior unsecured hybrid debentures, with an option for an additional $7.5 million, to fund debt repayment, potential acquisitions, and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of listed senior unsecured hybrid debentures due December 31, 2030, priced at $1,000 each [1]. - The expected closing date for the offering is around November 28, 2025 [1]. - The debentures will bear an interest rate of 5.60% per annum, payable semi-annually, with the first payment scheduled for June 30, 2026 [4]. Group 2: Use of Proceeds - Net proceeds from the offering will be used to pay down bank debt, which may be re-drawn for the redemption of existing debentures, fund future acquisitions, and for general corporate purposes [2]. Group 3: Debt Structure - The debentures will rank subordinate to all existing and future senior secured indebtedness and will be structurally subordinated to obligations of StorageVault's subsidiaries [3]. - The debentures will not be redeemable before December 31, 2028, and can be redeemed at a premium or at par depending on the timing of the redemption [5]. Group 4: Regulatory and Compliance - The offering is subject to customary regulatory approvals, including those from the Toronto Stock Exchange [6]. - A preliminary short form prospectus will be filed with securities regulatory authorities in Canada [6]. Group 5: Company Overview - StorageVault operates 265 storage locations across Canada, owning 232 of these locations and over 5,000 portable storage units, totaling over 13.2 million rentable square feet [8].

Core Insights - StorageVault Canada Inc. reported strong financial results for Q3 2025, with a 5.4% increase in same-store revenue and a 5.2% increase in net operating income (NOI), leading to a 7.5% rise in adjusted funds from operations (AFFO) per common share [1][2][3] Financial Performance - Q3 2025 revenue increased to $88.5 million from $79.0 million in Q3 2024, while NOI grew to $60.2 million from $54.1 million [2][6] - The net income for Q3 2025 was $20.5 million, a significant recovery from a net loss of $7.0 million in Q3 2024, influenced by a $15.7 million realized gain on real estate and $29.5 million in depreciation and amortization [2][6] - Funds from operations (FFO) for Q3 2025 were $24.7 million, up 6.7% from $23.1 million in Q3 2024, while AFFO increased by 5.2% to $26.6 million [3][4] Operational Highlights - Revenue and NOI from existing self-storage facilities increased by 5.4% and 5.2% year-over-year, respectively [3][7] - The company expects to add an incremental annual NOI of $7.9 million over the next three years as acquisitions and expansions stabilize [4][21] Dividend Announcement - StorageVault announced a 0.5% increase in its Q4 2025 dividend to $0.002991 per common share [9] Strategic Focus - The company aims to own and operate storage facilities in top Canadian markets, focusing on acquisitions, organic growth, and expansion of existing stores and services [10][19]

Core Insights - StorageVault Canada Inc. has completed the acquisition of 4 additional storage locations for a total purchase price of $60.8 million, funded through available cash and mortgage financing [1][2]. Group 1: Acquisitions - The total purchase price for the recent acquisitions is $60.8 million, which is subject to customary adjustments [2]. - One previously announced acquisition valued at $2.6 million was not completed due to unmet due diligence conditions and was replaced with a new asset acquisition valued at $9.0 million, bringing the total completed transactions for the year to date to $132.6 million [3]. Group 2: Company Overview - StorageVault operates 263 storage locations across Canada, owning 232 of these locations along with over 5,000 portable storage units, totaling over 13.2 million rentable square feet on 767 acres of land [4]. - The company also provides last mile storage and logistics solutions, as well as professional records management services, including document and media storage, imaging, and shredding services [4].

Core Points - StorageVault Canada Inc. announced a quarterly dividend of $0.002976 per common share, payable on October 15, 2025, to shareholders of record on September 29, 2025, with an ex-dividend date of September 29, 2025 [1] - The dividend is designated as an "eligible dividend" for Canadian income tax purposes [1] Company Overview - As of June 30, 2025, StorageVault owned and operated 259 storage locations across Canada, including 228 owned locations and over 5,000 portable storage units [2] - The total rentable space managed by StorageVault exceeds 12.9 million square feet, spread over 752 acres of land [2] - The company also offers last mile storage and logistics solutions, as well as professional records management services, including document and media storage, imaging, and shredding services [2]

Core Viewpoint - StorageVault Canada Inc. reported strong second quarter results for 2025, highlighting a 6.6% growth in same-store revenue and a 5.2% increase in net operating income (NOI), alongside a 5.4% rise in adjusted funds from operations (AFFO) per common share, despite sector challenges [1][2][3] Financial Performance - Revenue for Q2 2025 reached $83.5 million, up from $74.1 million in Q2 2024, marking a 12.7% increase. NOI grew to $55.2 million from $49.9 million, a 10.6% increase [2][3][4] - For the first half of 2025, revenue increased to $159.8 million from $145.5 million, a 9.8% rise, while NOI grew to $102.9 million from $94.2 million, a 9.2% increase [6][7] - Funds from operations (FFO) for Q2 2025 were $20.3 million, a 3.4% increase from $19.7 million in Q2 2024. AFFO was $22.9 million, up 3.0% from $22.3 million [3][4][7] Operational Insights - The company experienced operational and interest expenses related to lease-up stores acquired in fiscal 2024, which impacted FFO and AFFO results. However, it anticipates an additional annual NOI of $8.3 million from these acquisitions over the next three years [4][10] - The company is focused on maintaining cost control while maximizing revenues, NOI, and free cash flow, and plans to be disciplined in asset purchases [1][10] Dividend Announcement - StorageVault announced a 0.5% increase in its Q3 2025 dividend to $0.002976 per common share [9] Strategic Focus - The company aims to own and operate storage facilities in top Canadian markets, with a strategy centered on acquisitions, organic growth, and expansion of existing stores and services [10][19]

Group 1 - StorageVault Canada Inc. has completed the acquisition of seven stores and one adjacent vacant parcel of land for an aggregate purchase price of $71.9 million [1][2] - The funding for the acquisitions was sourced from funds on hand, a promissory note, and mortgage financing [2] - The Related Party Acquisitions, totaling $21.9 million, involved Access Self Storage Inc. as the vendor and were classified as related party transactions under MI 61-101 [3] Group 2 - StorageVault operates 258 storage locations across Canada, owning 228 of these locations and over 5,000 portable storage units, totaling over 12.9 million rentable square feet [4] - The company also provides last mile storage and logistics solutions, as well as professional records management services [4]