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Sun, Jun 1, 2025
3:37 AM
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22Serious

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22Serious

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22Serious

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Total News Sources
2
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1
Center
1
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Unrated
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Last Updated
98 days ago
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50% Center
101 days ago
Updated 98 days ago
StorageVault Canada Reports Fiscal 2024 Growth, Plans $100 Million Expansion
StorageVault Canada Reports Fiscal 2024 Growth, Plans $100 Million Expansion

StorageVault Canada Reports Fiscal 2024 Growth, Plans $100 Million Expansion

News summary

StorageVault Canada has received an upgrade to a Buy rating from Canaccord Genuity analyst Mark Rothschild, who set a price target of C$4.50, citing strong cash flow growth and an attractive valuation relative to U.S. peers. The company reported a fourth-quarter revenue increase to C$80.2 million, surpassing analyst expectations, and noted improved occupancy rates, which have rebounded to seasonal levels. Despite a net loss of $30.2 million in fiscal 2024, StorageVault's revenue grew to $304.7 million, and they completed significant acquisitions, adding 825,000 rentable square feet. The company is also focusing on refinancing high-cost debt and has increased its dividend by 0.5%. Looking ahead, StorageVault plans to continue its expansion with over $100 million in acquisitions and further renovations in 2025. Overall, the firm is strategically positioned for growth despite facing economic challenges.

Story Coverage
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Yahoo! Finance
Left
StorageVault Reports Fiscal 2024 Results, Provides 2025 Outlook, Announces Credit Line Renewal and Upsize, and Increases Dividend
100 days ago
Read Full Article
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MarketWatch
$
Center
StorageVault Canada Shares Rise on 4Q Beats, Positive Occupancy Trend
99 days ago
Read Full Article
alt
Yahoo! Finance
Left
StorageVault Reports Fiscal 2024 Results, Provides 2025 Outlook, Announces Credit Line Renewal and Upsize, and Increases Dividend
100 days ago
Read Full Article
alt
MarketWatch
$
Center
StorageVault Canada Shares Rise on 4Q Beats, Positive Occupancy Trend
99 days ago
Read Full Article
Bias Distribution
50% Center
Information Sources
daae85f0-2883-42fc-b085-888140adf30d98605d3a-f647-49a6-87c7-2db995124a5a
Left 50%
Center 50%
Coverage Details
Total News Sources
2
Left
1
Center
1
Right
0
Unrated
0
Last Updated
98 days ago
Bias Distribution
50% Center
Related News
Daily Index

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22Serious

Neutral

Optimistic

Positive

Negative

22Serious

Neutral

Optimistic

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Negative

22Serious

Neutral

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Positive

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Story Coverage
alt
Yahoo! Finance
Left
StorageVault Reports Fiscal 2024 Results, Provides 2025 Outlook, Announces Credit Line Renewal and Upsize, and Increases Dividend
100 days ago
Read Full Article
alt
MarketWatch
$
Center
StorageVault Canada Shares Rise on 4Q Beats, Positive Occupancy Trend
99 days ago
Read Full Article
alt
Yahoo! Finance
Left
StorageVault Reports Fiscal 2024 Results, Provides 2025 Outlook, Announces Credit Line Renewal and Upsize, and Increases Dividend
100 days ago
Read Full Article
alt
MarketWatch
$
Center
StorageVault Canada Shares Rise on 4Q Beats, Positive Occupancy Trend
99 days ago
Read Full Article
Ask VT AI
Bias Distribution
50% Center
Information Sources
daae85f0-2883-42fc-b085-888140adf30d98605d3a-f647-49a6-87c7-2db995124a5a
Left 50%
Center 50%

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