Big Yellow Q1 revenues rise 6.7%

Self-storage company Big Yellow on Monday reported a 6.7% rise in first quarter revenue, driven by higher rents.

Sales for the three months to June 30 came in at £48.1m compared with £45.1 million a year earlier. On a like-for-like basis they rose 5.4% to £47m.

The average achieved net rent per square foot rose 9% to £32.74.

Reporting by Frank Prenesti for Sharecast.com