TORONTO, Dec. 18, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that it has agreed to acquire six assets from five vendor groups (collectively, the “Vendors”) for an aggregate purchase price of $71.8 million, subject to customary adjustments and due diligence conditions (the “Acquisitions”). Four of the transactions are arm’s length, and one transaction consisting of two stores, totaling $42.0 million, is a related party acquisition (the “Related Party A ...

TORONTO, Dec. 15, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX announced today 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. This dividend has been designated as an “eligible dividend” for Canadian ‎income tax ‎purposes.‎ ‎ About StorageVault Canada Inc.StorageVault owns and operates 265 storage lo ...

Core Viewpoint - StorageVault Canada Inc. has announced the receipt of a final short form prospectus for an offering of senior unsecured hybrid debentures, aiming to raise gross proceeds of $50 million, with a maturity date of December 31, 2030 [2][4]. Group 1: Offering Details - The offering is subject to customary regulatory approvals, including approval from the Toronto Stock Exchange [2]. - The prospectus is available through SEDAR+ and provides detailed information about StorageVault and the offering [3]. - The securities offered will not be registered under the United States Securities Act of 1933 and cannot be sold or delivered in the United States [4]. Group 2: 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 [5]. - The company also offers last mile storage and logistics solutions, as well as professional records management services [5].

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 Insights - StorageVault Canada Inc. reported strong second quarter results for 2025, with a same-store revenue growth of 6.6% and a net operating income (NOI) growth of 5.2%, leading to a 5.4% increase in adjusted funds from operations (AFFO) per common share [1][2][3] Financial Performance - Revenue for Q2 2025 increased to $83.5 million from $74.1 million in Q2 2024, marking a 12.7% increase, while NOI grew to $55.2 million from $49.9 million, a 10.6% increase [2][14] - Funds from operations (FFO) for Q2 2025 were $20.3 million, a 3.4% increase from $19.7 million in Q2 2024, and AFFO was $22.9 million, a 3.0% increase from $22.3 million [3][17] - The net loss for Q2 2025 was $6.2 million, an improvement from a net loss of $8.7 million in Q2 2024, influenced by non-cash and non-recurring items [2][6] Year-to-Date Results - For the six months ended June 30, 2025, revenue increased to $159.8 million from $145.5 million, a 9.8% increase, and NOI grew to $102.9 million from $94.2 million, a 9.2% increase [6][7] - The net loss for the first half of 2025 was $17.5 million, slightly worse than the net loss of $16.6 million in the same period of 2024 [6][7] Dividend Increase - StorageVault announced a 0.5% increase in its Q3 2025 dividend to $0.002976 per common share [9] Strategic Focus - The company aims to continue disciplined asset purchases and maintain a strong emphasis on cost control while maximizing revenues, NOI, and free cash flow [1][10] - StorageVault's growth strategy includes acquisitions, organic growth, and expansion of existing stores and services [10][18]

Company Overview - StorageVault Canada Inc. owns and operates 251 storage locations across Canada as of March 31, 2025 [2] - The company owns 221 of these locations and over 5,000 portable storage units, totaling over 12.7 million rentable square feet on over 728 acres of land [2] - StorageVault provides last mile storage and logistics solutions, as well as professional records management services including document and media storage, imaging, and shredding services [2] Dividend Announcement - StorageVault announced a quarterly dividend of $0.002961 per common share, payable on July 15, 2025 [1] - The record date for shareholders is June 30, 2025, with an ex-dividend date also set for June 30, 2025 [1] - This dividend has been designated as an "eligible dividend" for Canadian income tax purposes [1]

Core Points - StorageVault Canada Inc. held its annual general and special meeting on May 21, 2025, with 225 shareholders representing approximately 79.3% of total votes [1] - All matters proposed at the meeting were approved, including the re-appointment of MNP LLP as auditors and the approval of unallocated options under the stock option plan [1] - The number of directors was fixed at six, with all nominees elected as directors [2] Election of Directors - Benjamin Harris received 89.954% votes for and 10.046% withheld/abstained [2] - Iqbal Khan received 85.374% votes for and 14.626% withheld/abstained [2] - Deborah Robinson received 99.921% votes for and 0.079% withheld/abstained [2] - Steven Scott received 90.657% votes for and 9.343% withheld/abstained [2] - Alan A. Simpson received 91.136% votes for and 8.864% withheld/abstained [2] - Mary Vitug received 99.885% votes for and 0.115% withheld/abstained [2] Company Overview - As of March 31, 2025, StorageVault owned and operated 251 storage locations across Canada, including 221 owned locations and over 5,000 portable storage units [3] - The total rentable space managed by StorageVault exceeds 12.7 million square feet on over 728 acres of land [3] - The company also offers last mile storage and logistics solutions, along with professional records management services [3]