SVAUF - StorageVault: Acquisitions May Slow But Growth Prospects Are Strong
StorageVault Canada Inc. (SVAUF) is a Canadian-based storage operator with locations across Canada. At the end of Q2-2019, it has a total of 72,708 units across 149 stores. In the past 5 years, StorageVault has been on an acquisition spree, and had increased its rental square feet by a multiple of 20.
I foresee the acquisition activity to continue albeit at a slower pace, but revenue growth from internal operations will continue to propel profits moving forward.
The Focus Is On AFFO Numbers
Before we dig into the financial statements, do understand that