Analyst Mark Rothschild from Canaccord Genuity maintained a Buy rating on Storagevault Canada and increased the price target to C$5.00 from C$4.50.
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Mark Rothschild has given his Buy rating due to a combination of factors that highlight Storagevault Canada’s strong financial performance and growth potential. The company’s funds from operations (FFO) per diluted share increased by 7% year-over-year in Q2/25, driven by a 5.2% growth in same-property net operating income (NOI) and improved occupancy rates. This internal growth is expected to continue, with management projecting organic growth in the 4-6% range over the next year.
Additionally, Storagevault Canada has been active in acquisitions, surpassing its 2025 target with a significant purchase of properties, which are anticipated to be accretive over time as occupancy and margins improve. Despite higher interest expenses due to variable rate debt from recent acquisitions, the company plans to replace this with fixed-rate mortgages, which should enhance financial stability. The stock is trading at a discount to its net asset value (NAV) estimate, providing an attractive valuation compared to US peers, and the price target has been raised to $5.00, reinforcing the Buy recommendation.
In another report released today, Desjardins also upgraded the stock to a Buy with a C$5.00 price target.