Storagevault Canada ( (TSE:SVI) ) has issued an update.
StorageVault Canada Inc. has reported its fiscal 2024 results, showing revenue growth to $304.7 million and an increase in net operating income to $201.6 million. The company completed $215 million in acquisitions, adding 825,000 rentable square feet to its platform. Despite a net loss of $30.2 million, the company emphasizes its strategic expansion plans for 2025, including over $100 million in acquisitions and further expansions, aiming to enhance its market presence and increase free cash flow. The announcement also includes a credit line renewal and upsizing, alongside a dividend increase, highlighting StorageVault’s ongoing commitment to growth and shareholder value.
More about Storagevault Canada
StorageVault Canada Inc. operates in the storage industry, focusing on providing premium full-service storage, moving, and logistics solutions across Canada.
YTD Price Performance: -5.56%
Average Trading Volume: 342,353
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$1.37B
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