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Lok'nStore Group annual revenues up 6%

By BFN News | 08:22 AM | Monday 06 August, 2018


Lok'nStore Group reported Monday annual revenues were up 6% from a year ago supported 'excellent' performance from its new stores. 'Trading at our new stores in Broadstairs, Bristol, Hemel Hempstead, Gillingham and Wellingborough has been excellent,' the company said. The company opened three new stores in the year and acquired five more new landmark sites, taking the total secured pipeline to nine stores. 'We are on site at Cardiff, Exeter and Dover and will open all three during FY2019. Development sites in Ipswich, Bedford, Bournemouth, Gloucester, Leicester and Cheshunt will be open by the end of FY2020,' the company said. At 31 July 2018 self-storage unit occupancy was up 7.7% and price per let square foot was up 0.5% compared to the same date 12 months ago, the compmany said. At 8:22am: (LON:LOK) Lokn Store Group PLC share price was 0p at 402.5p Story provided by StockMarketWire.com

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