09:23:53 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Storagevault Canada Inc
Symbol SVI
Shares Issued 374,645,538
Close 2024-02-23 C$ 5.38
Market Cap C$ 2,015,592,994
Recent Sedar Documents

Globe says "good upside" seen at Storagevault Canada

2024-02-23 08:12 ET - In the News

The Globe and Mail reports in its Friday, Feb. 23, edition that Desjardins analyst Lorne Kalmar has reaffirmed his "buy" recommendation for Storagevault Canada. The Globe's David Leeder writes that Mr. Kalmar boosted his share target to $6.25 from $5.75. Analysts on average target the shares at $6.13. Mr. Kalmar says in a note: "Storagevault delivered 20-per-cent year-over-year FFOPS [funds from operations per share] growth in 4Q, and self-storage SPNOI [same-property net operating income] hit 5.1 per cent (2023 4.5 per cent). Storagevault also reported a pick-up in acquisition activity, announcing $95-million of acquisitions since reporting 3Q results. While Storagevault has rebounded off its lows, it continues to trade well below its long-term average on both P/NAV and P/FFO. We still see good upside in the stock and believe its premium valuation is justified by the outsized FFOPS growth (two-year CAGR 13 per cent)." The Globe reported on Sept. 20 and Oct. 27 that Mr. Kalmar rated Storagevault "buy." The shares were then worth $4.83 and $4.30. The Globe reported on Dec. 22 that RBC analysts Pammi Bir, Jimmy Shan and Tom Callaghan had reaffirmed their "outperform" call on Storagevault when it was worth $5.11.

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