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May
17

CALGARY, ALBERTA--(Marketwired - May 17, 2017) - STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V)   is pleased to announce the following: (1) it has entered into a purchase agreement to acquire one store in Montreal for $8,600,000, (2) it has entered into a purchase agreement to acquire one store in the Greater Montreal Area for $8,000,000 and (3) confirmation that Sentinel Storage is the previously announced $396.6 million portfolio purchase.

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May
1

CALGARY, ALBERTA--(Marketwired - May 1, 2017) - STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V)   reported the Corporation’s 2017 first quarter results, increases annual dividend and updates previously announced acquisitions.  Iqbal Khan, Chief Financial Officer, commented:

“Commencing fiscal 2017, the stores purchased in fiscal 2015 now have full year 2016 operating results, and qualify as Existing Self Storage – providing us more meaningful comparative year over year results.  These results were above projections and are on pace to achieve our expected annual results.  We continue to focus on acquisitions and improving our operational performance.  In the quarter, we closed or announced $443.2 million in acquisitions, internalized management and more importantly, increased our revenue and net operating income on existing self storage locations by 10%.”

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Mar
31

STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX-V)   today reported the Corporation’s full year 2016 audited results. Steven Scott, Chief Executive Officer, commented:

“2016 proved to be another solid year of growth for StorageVault. The results reflect significant year over year growth in assets owned, equity, revenue, net operating income and funds from operations.  Our focus continues to be growing cash flow through improved operations, acquisitions and expansion. We doubled our asset base from the end of 2015, with $178.4 million in acquisitions in 2016. We also increased our share capital by $118.9 million dollars by issuing shares to acquire assets and through a bought deal issuance of common shares. Looking ahead, we expect to do between $50 to $90 million of acquisitions in 2017, excluding any large portfolio acquisitions such as the $396.6 million acquisition recently announced. In addition, SVI internalized management of StorageVault’s stores and acquired the third party management contracts for over 55 stores from Access Results Management Services Inc. The third party management platform is an important acquisition funnel for StorageVault and it provides a separate and valuable revenue stream.”

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Mar
31

STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V)  is pleased to announce that is has completed the following three acquisitions: (1) the acquisition of five stores in the Prairies; (2) the acquisition of one store in Kamloops; and (3) internalizes management and acquires third party management business.

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Mar
22

STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX-V)  is pleased to announce the following: (1) it has entered into a share purchase agreement executed on March 21, 2017 to acquire all of the shares of a private Canadian corporation from an arm’s length shareholder for $396,600,000 resulting in StorageVault acquiring a Canadian portfolio of storage assets; and (2) it has reached an agreement in principle with Access Results Management Services Inc., a related party of StorageVault, to internalize management of StorageVault’s 50 stores and acquire the third party management contracts for over 55 stores from Access Results Management Services Inc. for $16,000,000.

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