Safestore Holdings Plc (SAFE.L), a self-storage group, on Thursday recorded an increase in revenue for the first quarter, helped by improved demand.
For the three-month period to January 31, the company reported revenue of 56.7 million pounds, higher than 55.3 million pounds registered for the same period last year. On a like-for-like basis, revenue stood at 55.8 million pounds as against the prior year's 54.8 million pounds.
Maximum lettable area moved up to 8.90 million square feet, compared with 8.21 million square feet in 2023. Closing occupancy was 6.36 million square feet, higher than 6.11 million square feet a year ago.
Average storage rate slipped to 29.76 pounds from 30.06 pounds in the previous year.
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