StorageVault Canada Inc. (T:SVI)
Business Focus: Retail Real Estate Rental & Development
| Sector: Real Estate | Industry: Real Estate Rental, Development & Operations |
| Company Contact | |
| Address: | 100 Canadian Road SCARBOROUGH ON M1R 4Z5 |
| Tel: | N/A |
| Website: | https://www.storagevaultcanada.com |
| IR: | See website |
| Key People | ||
| Steven R. Scott Chairman of the Board, Chief Executive Officer, Director | Iqbal Khan Chief Financial Officer, Director | |
| Business Overview |
| StorageVault Canada Inc. is a Canada-based storage company. The Company's primary business is owning, managing and renting self-storage and portable storage space to individual and commercial customers. The Company is represented regionally under various brands, including Access Storage, Sentinel Storage, Depotium Mini-Entrepot, Cubeit Portable Storage, StorageVault, PUPS Containers, FlexSpace Logistics, movebuddy and others. It owns and operates 244 storage locations across Canada. It owns 213 of these locations plus over 5,000 portable storage units representing over 11.8 million rentable square feet on over 690 acres of land. The Company also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging, and shredding services. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, StorageVault Canada Inc revenues increased 10% to C$288.7M. Net loss decreased 96% to C$1.7M. Revenues reflect Self Storage segment increase of 11% to C$276.1M, Funds from Operations - Per Share - Basi increase of 14% to C$0.21. Lower net loss reflects Net Operating Income (NOI) - Total Self increase of 10% to C$188.2M, Stock based compensation decrease of 72% to C$3.8M (expense). |
| Employees: | 800 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3,648M as of Dec 31, 2023 |
| Annual revenue (TTM): | $288.72M as of Dec 31, 2023 |
| EBITDA (TTM): | $165.51M as of Dec 31, 2023 |
| Net annual income (TTM): | -$1.70M as of Dec 31, 2023 |
| Free cash flow (TTM): | $8.28M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,764M as of Dec 31, 2023 |
| Shares outstanding: | 374,645,538 as of Jan 19, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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