StorageVault beats Q2 revenue estimate, increases Q3 dividend

Storagevault Canada

23/07/2025 22:10

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

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)