Lok’nStore has reported an impressive set of H1 results, once again showing the resilience of the self storage model and evidencing the continued growth potential supported by the secured pipeline that will add 38% to available space over the next couple of years. The usual price rises were paused given the impact of COVID, but occupancy increased from 67.1% to 81.6% over the past 12 months as the newer stores filled quickly. We have modelled the current stores and pipeline out to FY 2026E and, ....
26 Apr 2021
Lok'nStore - Unprecedented growth in occupancy
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Lok'nStore - Unprecedented growth in occupancy
Lok'nStore Group plc (LOK:LON) | 1,108 -55.4 (-0.5%) | Mkt Cap: 364.3m
- Published:
26 Apr 2021 -
Author:
Guy Hewett -
Pages:
10
Lok’nStore has reported an impressive set of H1 results, once again showing the resilience of the self storage model and evidencing the continued growth potential supported by the secured pipeline that will add 38% to available space over the next couple of years. The usual price rises were paused given the impact of COVID, but occupancy increased from 67.1% to 81.6% over the past 12 months as the newer stores filled quickly. We have modelled the current stores and pipeline out to FY 2026E and, ....