Big Yellow is well placed to benefit from the growing appetite for self storage, thanks to our high brand awareness and easy to use online platforms which provide 88% of enquiries.
Closing net rent up 2.7% from 31 March 2017, average rate up 0.8% year on year and up 1.5% in the second half
Cash flow from operating activities (after net finance costs) increased by 13% to £63.0 million
Adjusted profit before tax up 12% to £61.4 million
12% increase in total dividend to 30.8 pence per share
Acquisition of new development sites in Wapping (London), Uxbridge (London), Bracknell, Hove and Slough taking pipeline to approximately 640,000 sq ft (14% of current MLA)
Planning consent obtained at Manchester for a landmark city centre store of 60,000 sq ft
Planning consent obtained at Camberwell, London for a 72,000 sq ft store
Refinancing extending the term of the Group’s debt and reducing the average cost
The self storage brand leader with the largest online market share
