StorageVault
StorageVault, a Canadian company, manages over 243 storage facilities and 5,000 portable units, with significant commitments to environmental sustainability and community engagement.
Company Overview
StorageVault is a leading storage solutions company in Canada. The company has grown to manage over 11.8 million square feet of storage space across 103,000 storage units situated on 678 acres. Beyond its owned portfolio, StorageVault manages an additional 31 stores owned by third parties, totaling over 243 stores in operation. Revenue increased by 10.3%, reaching $288.7 million in 2023.
Revenue and Financial Growth
StorageVault experienced a significant revenue growth of 10.3% from $261.8 million in 2022 to $288.7 million in 2023. Additionally, the net operating income (NOI) grew by 10% during this same period, from $176.0 million to $193.6 million. These financial metrics highlight the company’s robust growth trajectory and solid market position.
Expansion of Services and Operated Units
As of the latest data, StorageVault owns 212 stores and over 5,000 portable storage units across Canada. They also manage 31 additional stores owned by third parties, bringing the total number of operating stores under their management to over 243. This extensive network of storage facilities underscores their widespread presence in the market.
Environmental and Social Governance (ESG) Initiatives
StorageVault is committed to sustainable practices and improving community engagement. The company supports over 250 local charities and initiatives across Canada. They implement energy-saving technologies such as rooftop solar panels and motion-activated systems, demonstrating a strong focus on reducing environmental impact.