Lok’nStore has reported a very strong set of FY 2022 results with sales up +23% on last year, EBITDA +38% and NAV +33% to 972p per share, supported by strong pricing (+13%), new store openings and a very strong performance from the managed stores. This impressive progress, alongside a loan-to-value of only 6.6%, has supported a 15% increase in the dividend to 17.25p. The outlook remains positive, with August and September same-store sales up +13.6% and a secured pipeline of 10 new stores that wi ....
31 Oct 2022
Lok'nStore - Significant growth, undersupplied market, strong finances
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Lok'nStore - Significant growth, undersupplied market, strong finances
Lok'nStore Group plc (LOK:LON) | 1,108 -55.4 (-0.5%) | Mkt Cap: 364.3m
- Published:
31 Oct 2022 -
Author:
Guy Hewett -
Pages:
12
Lok’nStore has reported a very strong set of FY 2022 results with sales up +23% on last year, EBITDA +38% and NAV +33% to 972p per share, supported by strong pricing (+13%), new store openings and a very strong performance from the managed stores. This impressive progress, alongside a loan-to-value of only 6.6%, has supported a 15% increase in the dividend to 17.25p. The outlook remains positive, with August and September same-store sales up +13.6% and a secured pipeline of 10 new stores that wi ....