Lok’nStore has reported a very strong set of FY 2021 results detailing sales growth of 21%, adj. EPS growth of 33%, NAV per share growth of 32% and dividend per share growth of over 15%. Loan to value remains conservative at 21%, underpinning the build-out of the secured pipeline that will add 42% to owned space (38% to total) and add considerable momentum to sales and EPS growth. Reflecting this and the stronger occupancy and pricing environment, we have upgraded our FY 2022E EPS by 14% and tar ....
01 Nov 2021
Lok'nStore - 32% increase in NAV per share and accelerated dividend policy
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Lok'nStore - 32% increase in NAV per share and accelerated dividend policy
Lok'nStore Group plc (LOK:LON) | 1,128 112.8 0.9% | Mkt Cap: 370.9m
- Published:
01 Nov 2021 -
Author:
Guy Hewett -
Pages:
11
Lok’nStore has reported a very strong set of FY 2021 results detailing sales growth of 21%, adj. EPS growth of 33%, NAV per share growth of 32% and dividend per share growth of over 15%. Loan to value remains conservative at 21%, underpinning the build-out of the secured pipeline that will add 42% to owned space (38% to total) and add considerable momentum to sales and EPS growth. Reflecting this and the stronger occupancy and pricing environment, we have upgraded our FY 2022E EPS by 14% and tar ....