StorageVault Canada (SVI) investor relations material

Executive summary

• Achieved 10% revenue growth in fiscal 2025, reaching $335.1 million, with NOI up 9.5% to $220.7 million and AFFO per share up 5.8% year-over-year.

• Q4 2025 revenue rose 8.1% to $86.7 million, with NOI up 8.1% to $57.7 million compared to Q4 2024.

• Completed 125,000 sq. ft. of new/renovated space and exceeded acquisition targets, expanding the platform by 630,000 rentable sq. ft.

• Increased Q1 2026 dividend by 0.5% to $0.003006 per share.

Financial highlights

• Full-year net loss narrowed to $12.5 million from $30.2 million in 2024, impacted by $115.1 million in depreciation/amortization and other non-cash items.

• Cash flow from operations grew to $105.7 million, with a year-end cash balance of $15.2 million.

• FFO for 2025 was $82.5 million (up 3.7%), AFFO was $90.5 million (up 3.7%), both up 5.8% per share.

• Q4 FFO was $22.1 million (up 2.3%), AFFO was $24.0 million (up 4.1%), with per share increases of 3.7% and 5.5% respectively.

Outlook and guidance

• Expects continued growth in revenue, NOI, and AFFO for 2026.

• Plans over $100 million in acquisitions and 165,000 sq. ft. of expansions/renovations in 2026.

• Anticipates $8.9 million incremental NOI annually from recent acquisitions and expansions as assets stabilize over the next three years.