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StorageVault beats Q2 revenue estimate, increases Q3 dividend

ReutersJul 23, 2025 9:10 PM


Overview

  • StorageVault Q2 revenue rises 12.7% yr/yr, beating analyst expectation

  • Company reports Q2 net loss of C$6.2 mln, impacted by non-cash items

  • StorageVault increases Q3 2025 dividend by 0.5%


Outlook

  • StorageVault expects C$8.3 mln annual NOI growth in next 3 yrs

  • Company to focus on disciplined asset purchases in H2 2025


Result Drivers

  • SAME STORE GROWTH - Same store revenue increased by 6.6%, contributing to overall revenue growth

  • COST CONTROL - Emphasis on cost control helped improve NOI by 5.2%


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Beat

C$83.50 mln

C$79.60 mln (1 Analyst)

Q2 Net Income

-C$6.20 mln

Q2 FFO

C$20.30 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the real estate rental, development & operations peer group is "buy"

  • Wall Street's median 12-month price target for Storagevault Canada Inc is C$5.00, about 16% above its July 22 closing price of C$4.20

Press Release: ID:nGNX6Vglvh

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