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Safestore ups earnings guidance and outlines London expansion Safestore said it would continue to target expansion. Storage firm Safestore is expanding its London presence and has upped its full-year earnings guidance after boosting revenue in the pandemic. The FTSE 250 company will open two new London sites and expand two existing storage warehouses, it said. The sites will be in Lea Bridge, Morden, Bermondsey and a location in north east London.  Safestore said full year earnings guidance had been revised upwards, with adjusted diluted EPRA earnings per share expected to b...

10 May 2021 | 07:21am StockMarketWire.com - Storage group Safestore upgraded its annual earnings guidance after its second-quarter revenue rose 11% amid an improvement in occupancy rates. Adjusted diluted EPRA earnings per share for the year through September was now expected at between 37p and 38p, up 23-26% year-on-year. Quarterly revenue for the three months through March had increased to £43.7 million, up from £39.4 million year-on-year. The closing occupancy rate was 80.7%, up 9.6 percentage points, helping to offset a 1.6% fall in the average storage rate to £26.56. 'Whilst the poten...

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Safestore’s share price rockets to an all-time peak after raising guidance! More on: FTSE 100 and the FTSE 250 are both struggling for traction, softness that reflects in part a fresh rally in sterling. However, not all British stocks are stuck in neutral: the Safestore Holdings (LSE: SAFE) share price, for instance, has exploded. Shares in the self-storage operator soared above 946p for the first time ever earlier in the session. Safestore has settled back from these levels, but at 933p per share, it remains 7% higher in Monday trading. US$12.3 TRILLION out of thin air… And if you cli...

Storage firm Safestore hails 'excellent' UK trading Safestore said it would continue to target expansion. Safestore, the self-storage firm, said full-year earnings are likely to hit the top end of expectations following strong trading in the first quarter, driven by an “excellent” UK result. Group revenue was up 9.8 per cent and like-for-like sales were up 6.6 per cent, with a 8.3 per cent surge in UK sales. Occupancy increased 6.8 percentage points, reaching 80.6 per cent. However like-for-like average rates dipped 0.9 per cent during the quarter ended 31 January. The UK...