Safestore Q1 revenue up 9.4%
Safestore Holdings
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15:00 28/03/24
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Storage space operator Safestore reported strong revenue growth in its first quarter, driven by a rise in lettable area across its estate.
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The company on Tuesday said like-for-like revenue grew 4.2% and total revenue growth of 9.4% in the three months to the end of January.
Like-for-like revenue grew to £52.6m and group revenue hit £55.7m, the company said on Tuesday.
Maximum lettable area surged by 11% to 7.8 million square feet.
Reporting by Frank Prenesti for Sharecast.com