(1) Following unprecedented growth in occupancy, to 81.6% from 67.1%, price rises are now likely and will quickly drop down through the P&L, driving profit upgrades. (2) Valuation yield compression in self storage as an asset class will drive NAV upgrades as property investors recognise its growing attractions compared to the declining attractions of parts of the retail and office sector. (3) The development pipeline will add 38% to existing space. As new stores open and prove their increasing v ....
05 Jul 2021
Lok'nStore - Three clear, strong share price catalysts
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Lok'nStore - Three clear, strong share price catalysts
Lok'nStore Group plc (LOK:LON) | 1,108 -55.4 (-0.5%) | Mkt Cap: 364.3m
- Published:
05 Jul 2021 -
Author:
Guy Hewett -
Pages:
8
(1) Following unprecedented growth in occupancy, to 81.6% from 67.1%, price rises are now likely and will quickly drop down through the P&L, driving profit upgrades. (2) Valuation yield compression in self storage as an asset class will drive NAV upgrades as property investors recognise its growing attractions compared to the declining attractions of parts of the retail and office sector. (3) The development pipeline will add 38% to existing space. As new stores open and prove their increasing v ....