High materiality8/10
Safestore Shares Rise 2% After Robust FY Trading Update
Why it may matterVerify against the original reporting
Safestore shows strong revenue growth and price gains, indicating positive market sentiment.
Public signal · 1-minute delayed
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What happened, with direct paths to the underlying reporting
Safestore's turnover increased by 4.9% to £234.3 million last year. Fourth-quarter revenues rose 7.1%, driven by UK and new store demand. UK average storage rates climbed 6.6%, boosting growth in Q4. Closing occupancy reached 6.67 million square feet, up 4% year-on-year. Full-year EPS expected to meet City forecasts at 40.3p per share.
- Safestore's turnover increased by 4.9% to £234.3 million last year.
- Fourth-quarter revenues rose 7.1%, driven by UK and new store demand.
- UK average storage rates climbed 6.6%, boosting growth in Q4.
- Closing occupancy reached 6.67 million square feet, up 4% year-on-year.
- Full-year EPS expected to meet City forecasts at 40.3p per share.
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