Lok’nStore is the UK’s fourth largest self-storage provider, operating a portfolio of 32 stores with a significant presence across the south east of England. We believe the current pipeline of 9 new stores, along with contributions from the group’s latest additions will be materially earnings enhancing in coming years. In the context of a favourable outlook for the UK self-storage industry and peer-group NAV premiums of c.46-48%, we believe that the current NAV discount of c
21 Feb 2019
Unlocking Returns – Initiation
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Lok'nStore Group plc (LOK:LON) | 1,115 0 0.0% | Mkt Cap: 366.8m
- Published:
21 Feb 2019 -
Author:
Kunal Walia -
Pages:
37
Lok’nStore is the UK’s fourth largest self-storage provider, operating a portfolio of 32 stores with a significant presence across the south east of England. We believe the current pipeline of 9 new stores, along with contributions from the group’s latest additions will be materially earnings enhancing in coming years. In the context of a favourable outlook for the UK self-storage industry and peer-group NAV premiums of c.46-48%, we believe that the current NAV discount of c