Big Yellow lifts full year profits against slow economic growth
Full year pre-tax profits at storage company Big Yellow rose 7% to £112m against a backdrop of slower economic growth.
Big Yellow Group
1,176.00p
15:45 15/11/24
-0.51%
-6.00p
FTSE 250
20,508.75
15:45 15/11/24
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n/a
FTSE 350
4,453.56
15:45 15/11/24
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n/a
FTSE All-Share
4,411.85
15:45 15/11/24
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Real Estate Investment Trusts
2,144.53
15:44 15/11/24
0.62%
13.29
Like-for-like closing group occupancy rose 3.5 percentage points to 76.7% compared with 73.2% last year.
Average net achieved rent per square foot was £25.73, up from £25.10 although occupancy growth was slower, up by 185,000 square feet, compared with 267,000 square in 2015.
Revenue was up for year was up 20% to £101.4m. Adjusted profit before tax jumped to £49m from £39.4m.
The final dividend declared is 12.8p a share making a total of 24.9p a share, up 15% on last year.