Storagevault Canada (SVI – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Mark Rothschild from Canaccord Genuity maintained a Buy rating on the stock and has a C$4.50 price target.
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Mark Rothschild has given his Buy rating due to a combination of factors including StorageVault Canada’s healthy operating performance and strategic acquisitions. The company reported a 4% year-over-year increase in funds from operations per share for Q1/25, driven by a 2.6% growth in same-property net operating income. Although the FFO per share was slightly below expectations, the increase in same-property rents helped offset a decline in occupancy.
Additionally, StorageVault has been active in external growth, completing acquisitions that are expected to be accretive in the long term. The company has already surpassed its 2025 acquisition target, which is anticipated to improve both occupancy and margins. Despite a soft economy, the company’s valuation appears attractive, trading at a significant discount to its net asset value estimate and below the cash flow multiples of its US peers. These factors contribute to Rothschild’s Buy rating and a price target of $4.50.
In another report released yesterday, Raymond James also maintained a Buy rating on the stock with a C$4.75 price target.