In a positive year-end trading update, Lok’nStore has detailed FY 2020 self-storage revenue was up +6.3% (ahead of our forecast +3.2%). This was driven by occupancy +5.9% and pricing down slightly at -0.3%. Following more subdued trading during the full lockdown, May, June and July have been stronger, with new enquiries and move-ins at an all-time high in July. Two new stores were opened in the year and one immediately after the year end. Early trading at all three stores has been encou
10 Aug 2020
Lok'nStore - July activity an all-time high, long-term strategy on track
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Lok'nStore - July activity an all-time high, long-term strategy on track
Lok'nStore Group plc (LOK:LON) | 839 0 0.0% | Mkt Cap: 276.0m
- Published:
10 Aug 2020 -
Author:
Guy Hewett -
Pages:
3
In a positive year-end trading update, Lok’nStore has detailed FY 2020 self-storage revenue was up +6.3% (ahead of our forecast +3.2%). This was driven by occupancy +5.9% and pricing down slightly at -0.3%. Following more subdued trading during the full lockdown, May, June and July have been stronger, with new enquiries and move-ins at an all-time high in July. Two new stores were opened in the year and one immediately after the year end. Early trading at all three stores has been encou