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Opinions Cole Kachur
StorageVault CanadaSVI.TOWEAK BUYAug 09, 2018
Cole KachurStock price when the opinion was issued
As of Jun 22, 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
It is a smaller cap name that buys storage facilities across Canada. The stock has not done much in the past year. It does not pay a dividend like a general REIT would. He looked at it in the past but it is a bit small and not that liquid for him but a small investor could look at it. It is more of a growth company but they may implement a dividend policy as they pay down debt,