StorageVault Reports Revenue Growth and Dividend Hike

Storagevault Canada (TSE:SVI) has released an update.

StorageVault Canada Inc. has announced a positive first quarter for 2024 with revenue growth to $71.4 million and a 5.2% increase in same store net operating income. The company also reported a 6.6% rise in adjusted funds from operations per share and is bolstering shareholder returns with a 0.5% dividend increase. Despite a net loss impacted by non-cash items, the firm showcased financial strength via acquisitions and a disciplined asset purchasing strategy.

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