Safestore Holdings Aktie

First quarter trading update

https://www.investegate.co.uk/safestore-hldgs-plc--safe-/rns/first-quarter-trading-update/202202170700079247B/

 Highlights

· Group revenue for the quarter in CER1 up 16.0% and 14.6% at actual exchange rates.
· Like-for-like5 Group revenue for the quarter in CER1 up 16.1%
o  UK up 19.0%
o  Paris up 7.8%
o  Spain up 10.4%
· Like-for-like5 occupancy up 1.9ppts at 82.1% (2021: 80.2%)
o  UK up 2.0ppts at 82.1% (2021: 80.1%)
o  Paris up 2.0ppts at 81.8% (2021 79.8%)
o  Spain down 2.9ppts at 85.7% (2021: 88.6%)
· Like-for-like 5 average rate up 13.5% in CER1.
o  UK up 16.9%
o  Paris up 4.6%
o  Spain up 7.7%
· Planning permission granted on London Lea Bridge site.
· 40,000 sq ft store in Nijmegen in the Netherlands opened in January 2022.

Results for the year ended 31 October 2021

https://www.investegate.co.uk/safestore-hldgs-plc--safe-/rns/final-results/202201130700042739Y/

 Record Financial Performance
· Group revenue for the year up 15.1% (up 15.5% in CER1)
· Like-for-like8 Group revenue for the year in CER1 up 13.8%:
· UK up 16.8%
· Paris up 4.3%
· Underlying EBITDA2 up 26.2% in CER1 which, combined with an increased gain on investment properties of £321.1m (FY2020: £126.5m), resulted in statutory operating profit9 of £417.0m (FY2020: £212.2m)
· Adjusted Diluted EPRA Earnings per Share6 up 34.1% at 40.5 pence (FY2020: 30.2 pence). Diluted Earnings per Share was 176.4 pence (FY2020: 84.0 pence) largely due to the higher property valuation gain in FY2021
· 38.6% increase in the final dividend to 17.6 pence (FY2020: 12.7 pence) giving a total for the year of 25.1 pence (FY2020: 18.6 pence)

 Operational Focus
· Continued balanced approach to revenue management together with an efficient marketing platform driving returns and record occupancy performance:
· Like-for-like8 closing occupancy of 85.1% up 5.0ppts on 2020 (FY2020: 80.1%)
· Like-for-like8 average occupancy for the year up 11.8%
· Like-for-like8 average storage rate5 for the year up 2.4% in CER1
· New and recently opened stores trading well and in line with business plans
· Investment in our digital marketing platform continuing to deliver for the business:
· Online enquiries in FY2021 rose to 89% of our total enquiries in the UK (FY2020: 88%) and 85% in France (FY2020: 79%)

Fourth quarter trading update

https://www.investegate.co.uk/safestore-hldgs-plc--safe-/rns/fourth-quarter-trading-update/202111170700055828S/

Excellent final quarter with accelerating growth completes a record breaking year

 Highlights
· Strong momentum in final quarter with Group revenue up 21.0% and for the full year up 15.5% in CER1
· Like-for-like3 Group revenue for the year in CER1 up 13.8%
o  UK up 16.8%
o  Paris up 4.3%
· Strong occupancy performance with Group like-for-like closing occupancy of 85.1% (up 5.0ppts on Q4 2020).
· Group like-for-like average occupancy for the year up 9.2%
· Group like-for-like average storage rate for final quarter up 10.8% and up 2.4% in CER1 for the year
· New freehold development site acquired at London- Old Kent Road which will add 76,500sq ft of MLA
· Planning permissions granted for previously announced 48,000 sq ft MLA Northern Madrid and 30,000 sq ft MLA Southern Barcelona sites
· Planning permission granted for extension of Winchester store adding 11,000 sq ft of MLA
· Property Pipeline now at 800,000 sq ft of MLA
· Full year earnings to 31 October 2021 anticipated to be slightly ahead of previous guidance of 39.5p to 40p of Adjusted Diluted EPRA Earnings per Share7

Third quarter trading update

https://www.investegate.co.uk/safestore-hldgs-plc--safe-/rns/third-quarter-trading-update/202109070700029026K/

- Group revenue for the quarter in CER2 up 19.7%
UK total revenue +24.7%
Paris total revenue +5.6%
Spain total revenue +8.3%
- Group like-for-like4 storage revenue in Q3 in CER2 up 17.7% and like-for-like total revenue up 18.6%.
- Like-for-like4 occupancy up 10.6ppts at 87.0% (2020: 76.4%)
UK up 11.8ppts at 87.6% (2020: 75.8%)
Paris up 6.2ppts at 84.7% (2020 78.5%)
- Contracts exchanged for new freehold development sites in Shoreham, UK and Southern Paris, which will together add c. 109,000 sq ft of MLA
- Planning permission granted for previously announced Central Barcelona 1 and Southern Madrid sites
- Additional new leasehold site in Central Barcelona of 19,000 sq ft MLA secured
- Property Pipeline now at 702,000 sq ft of MLA
- Strong momentum into Q4 with August like-for-like4 revenue up 21.5% (UK +26%, Paris +7.9%)
- Full year earnings guidance further revised upwards. Adjusted Diluted EPRA Earnings per Share 7 expected to be in a range of 39.5p to 40p.