Opinions Bruce Campbell (2)
StorageVault CanadaSVI.TOPARTIAL BUYFeb 28, 2018
Bruce Campbell (2)Stock price when the opinion was issued
As of Jun 25, 2026. Market Open.
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SVI operates in a structure relatively similar to a REIT but is much more growth-focussed. It needs to utilize debt in order to be able to grow its portfolio of assets which it rents out. It has also grown primarily via acquisition. The rising rate environment has created cost pressures, however we do think the outlook is positive. As Canada has already begun cutting rates, we think SVI stands to benefit from lower interest expenses (bottom-line expansion) and being able to isse more debt to finance growth (top line expansion). The industry is capital intensive so while high debt is a risk, it is somewhat unavoidable. We like the outlook for SVI.
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Robert McWhirterRobert McWhirter
What is your long term outlook on this? He thinks over the next two years and longer, it looks strong. They own it currently, and sees the ownership as fragmented. The demand for storage continues to increase and it is becoming more difficult to build these facilities. There is long term potential here.