logo
Plus   Neg
Share
Email

Big Yellow Q1 Revenue Up 3.7%; Like-for-like Revenue Rises By 4.4%

Big Yellow Group Plc. (BYG.L) reported that its revenue for the first quarter ended 30 June 2019 rose 3.7 percent to 31.1 million pounds from 30.0 million pounds last year. The Group's like-for-like revenue increased by 4.4%, driven by a combination of growth in occupancy and rate.

The 75 Big Yellow stores increased occupancy over the quarter by 125,000 sq ft resulting in a closing occupancy of 84.0%. Like-for-like closing occupancy was 85.1%, an increase of 1.8 ppts from 30 June 2018.

The Group's average achieved net rent per sq ft increased by 1.6% compared to the same quarter last year.

Revenue from the 24 store Armadillo portfolio for the quarter to 30 June 2019 increased by 7% to 3.9 million pounds from last year. Like-for-like revenue, excluding Grimsby and Daventry increased by 4% compared to the same quarter last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration has granted accelerated approval to Tazverik for the treatment of adults and pediatric patients aged 16 years and older with metastatic or locally advanced epithelioid sarcoma not eligible for complete resection. Epithelioid sarcoma is a rare sub-type of soft... STIHL recalls about 16,400 STIHL RE 90 pressure washers due to injury hazard. According to the company, the recalled pressure washer nozzle can disconnect from the spray wand when under pressure during use, posing an injury hazard. STIHL said it received seven reports of the nozzle detaching from... CVS Health Corp. launched 13 new HealthHUB locations in CVS Pharmacy stores across Philadelphia and South New Jersey. The healthcare company said it developed the HealthHUB store format to help people manage chronic conditions more conveniently and affordably. The store also features health and wellness products, clinical services and expertise.
RELATED NEWS
Follow RTT
>