StorageVault Canada
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StorageVault Canada (SVI) investor relations material

StorageVault Canada Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary21 Oct, 2026

Executive summary

  • Portfolio comprised 275 Canadian storage locations, including 243 owned and 32 managed, with 13.8M+ rentable sq. ft., 120,051 units and 802+ acres.

  • Q3 revenue rose 6.5% YoY to $94.2M and NOI increased 7.1% to $64.5M; 9M revenue grew 9.0% and NOI 8.7%.

  • Strong customer demand and lead volumes supported results amid a more challenging economic and competitive environment.

Financial highlights

  • Q3 net loss was $6.4M versus net income of $20.5M in Q3 2025; 9M net loss was $26.5M versus net income of $3.0M.

  • Q3 FFO increased 7.7% to $27.2M and AFFO rose 6.3% to $28.9M; 9M FFO grew 9.1% to $67.9M and AFFO 7.8% to $73.7M.

  • Cash flow from operations was $83.8M for 9M, and cash balance was $19.0M at September 30, 2026.

Segment performance

  • Existing Self Storage Q3 revenue increased 2.1% and NOI 3.1% YoY; 9M revenue rose 4.1% and NOI 4.4%.

  • New Self Storage Q3 revenue grew 40.0% to $13.8M and NOI rose 54.9% to $7.3M; 9M revenue increased 51.8% and NOI 65.0%.

  • Portable Storage Q3 revenue increased 3.9% to $3.0M and NOI 0.9% to $1.1M; 9M revenue rose 0.1% and NOI declined 5.0%.

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Frequently asked questions

StorageVault Canada Inc. is one of Canada's largest provider of storage solutions, focusing on self-storage, portable storage, and management services. The company owns and operates over 200 storage locations across Canada and serves a wide range of clients, from residential to commercial, offering solutions for those in transition, needing extra space, or requiring storage for inventory and equipment. The company is headquartered in Toronto, Canada, and its shares are listed on the Toronto Stock Exchange.