Safestore Holdings achieve strong Q1 performance

FTSE News FTSE 250

Safestore Holdings plc (LON:SAFE) has today announced its first quarter trading update for the period 1 November 2019 to 31 January 2020. Group Operating Performance- total Q1 2020 Q1 20192 Change Change- CER1 Revenue (£’m) 39.9 37.2 7.3% 8.3% Closing Occupancy (let sq ft- million)3 4.96 4.60 7.8% n/a Maximum Lettable Area (MLA)4 6.71 6.37 5.3% n/a Closing Occupancy (% …

Safestore Holdings Deliver solid financial performance and significant strategic progress

FTSE News FTSE 250

Key measures   Year Ended 31 October 2019 Year Ended 31 October 2018 Change  Change-CER1 Underlying and Operating Metrics- total         Revenue £151.8m £143.9m 5.5% 5.6% Underlying EBITDA2 £87.5m £82.9m 5.5% 5.4% Closing Occupancy (let sq ft- million)3 4.98 4.69 6.2% n/a Closing Occupancy (% of MLA)4 77.0% 73.6% +3.4ppts n/a Average Storage Rate5 £26.09 £25.90 0.7% …

Safestore Holdings Appoint David Hearn as Chairman

FTSE News FTSE 250

Safestore Holdings plc (LON: SAFE) has announced the appointment of David Hearn as non-Executive Director with effect from 1st December 2019, and as Chairman of the Company with effect from 1st January 2020. David brings a wealth of international board and senior executive experience in public companies, having previously been CEO of leading consumer goods businesses Goodman Fielder in Australasia, …