In a very positive H1 update, Lok’nStore has confirmed trading has been strong, with revenue up +34.1% driven by occupancy up +6.0% and pricing up +18.5% over the past 12 months. We have upgraded our FY 2022 EPS forecast by +5%. The fully funded new store pipeline of 12 stores, which will add 49% to owned trading space, is progressing well. A new Landmark store in Warrington is now open and the group is on site at a further five stores, with two to open in the coming months. Post the recently an ....

07 Feb 2022
Lok'nStore - Accelerating pricing drives FY 2022E EPS upgrades


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Lok'nStore - Accelerating pricing drives FY 2022E EPS upgrades
Lok'nStore Group plc (LOK:LON) | 1,008 0 0.0% | Mkt Cap: 302.4m
- Published:
07 Feb 2022 -
Author:
Guy Hewett -
Pages:
5 -
In a very positive H1 update, Lok’nStore has confirmed trading has been strong, with revenue up +34.1% driven by occupancy up +6.0% and pricing up +18.5% over the past 12 months. We have upgraded our FY 2022 EPS forecast by +5%. The fully funded new store pipeline of 12 stores, which will add 49% to owned trading space, is progressing well. A new Landmark store in Warrington is now open and the group is on site at a further five stores, with two to open in the coming months. Post the recently an ....