Lok’nStore has reported FY 2020 trading results slightly ahead of our pre-COVID expectations, evidencing the resilient nature of self-storage and quality of Lok’nStore’s portfolio and operations. NAV per share increased by 5%, EBITDA by +10% and the dividend has been raised by +8%. There are now 14 new stores in the pipeline that will add 40% to the owned trading space. Trading since the year end has remained positive and we have consequently upgraded FY 2021 EBITDA by 12%, removing some of our ....
02 Nov 2020
Lok'nStore - NAV, dividend, sales and profits continue to grow
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Lok'nStore - NAV, dividend, sales and profits continue to grow
Lok'nStore Group plc (LOK:LON) | 1,118 -55.9 (-0.4%) | Mkt Cap: 367.6m
- Published:
02 Nov 2020 -
Author:
Guy Hewett -
Pages:
10
Lok’nStore has reported FY 2020 trading results slightly ahead of our pre-COVID expectations, evidencing the resilient nature of self-storage and quality of Lok’nStore’s portfolio and operations. NAV per share increased by 5%, EBITDA by +10% and the dividend has been raised by +8%. There are now 14 new stores in the pipeline that will add 40% to the owned trading space. Trading since the year end has remained positive and we have consequently upgraded FY 2021 EBITDA by 12%, removing some of our ....