Lok’nStore’s H1 results show continued strong trading and market conditions, with sales up +31%, EBITDA up +47% and adj. NAV per share up +48% to 843p. The interim dividend is up +16% to 5.0p, an eleventh consecutive year of increase. Loan to value is 8.3%, supported by the previously announced sale and manage-back of four stores at a 17% net premium to the July 2021 valuations. H1 pricing was up +18.5% and occupancy up +6.0%. Trading at the start of H2 has been buoyant and we expect continued v ....
