Business
Fourth Quarter Trading Update
Fourth Quarter Trading Update.
About this update from Safestore Holdings Plc
[{"type":"text","content":"\n\n28 November 2023\n \nSafestore Holdings plc\nFourth quarter trading update for the period 1 August 2023 to 31 October 2023\n \nA year of significant strategic progress\n \n\n\n\n\nKey Measures - Total\n\n\nQ4 2023\n\n\nQ4 2022\n\n\nChange\n\n\nChange\nCER1\n\n\n \n\n\nYTD 2023\n\n\nYTD 2022\n\n\nChange\n\n\nChange CER1\n\n\n\n\nGroup\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue (£'m)\n\n\n57.6\n\n\n56.8\n\n\n1.4%\n\n\n1.4%\n\n\n\n\n\n224.2\n\n\n212.5\n\n\n5.5%\n\n\n4.8%\n\n\n\n\nClosing Occupancy (let sq ft- million)3\n\n\n6.231\n\n\n6.317\n\n\n-1.4%\n\n\nn/a\n\n\n\n\n\n6.231\n\n\n6.317\n\n\n-1.4%\n\n\nn/a\n\n\n\n\nClosing Occupancy (% of MLA)\n\n\n77.0%\n\n\n82.1%\n\n\n-5.1%\n\n\nn/a\n\n\n\n\n\n77.0%\n\n\n82.1%\n\n\n-5.1%\n\n\nn/a\n\n\n\n\nMaximum Lettable Area (MLA)\n\n\n8.09\n\n\n7.70\n\n\n5.1%\n\n\nn/a\n\n\n\n\n\n8.09\n\n\n7.70\n\n\n5.1%\n\n\nn/a\n\n\n\n\nAverage Storage Rate (£)\n\n\n30.22\n\n\n29.64\n\n\n2.0%\n\n\n2.0%\n\n\n\n\n\n30.26\n\n\n29.25\n\n\n3.5%\n\n\n2.7%\n\n\n\n\nREVPAF (£)9\n\n\n28.24\n\n\n29.25\n\n\n-3.5%\n\n\n-3.4%\n\n\n\n\n\n27.70\n\n\n27.59\n\n\n0.4%\n\n\n-0.2%\n\n\n\n\n \n\n\n\n\nKey Measures - Like-For-Like5\n\n\nQ4 2023\n\n\nQ4 2022\n\n\nChange\n\n\nChange CER1\n\n\n \n\n\nYTD 2023\n\n\nYTD 2022\n\n\nChange\n\n\nChange CER1\n\n\n\n\nGroup\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRevenue (£'m)\n\n\n53.7\n\n\n53.9\n\n\n-0.4%\n\n\n-0.4%\n\n\n\n\n\n209.9\n\n\n205.3\n\n\n2.2%\n\n\n1.7%\n\n\n\n\nClosing Occupancy (let sq ft- million)3\n\n\n5.583\n\n\n5.793\n\n\n-3.6%\n\n\nn/a\n\n\n\n\n\n5.583\n\n\n5.793\n\n\n-3.6%\n\n\nn/a\n\n\n\n\nClosing Occupancy (% of MLA)\n\n\n79.6%\n\n\n82.8%\n\n\n-3.2%\n\n\nn/a\n\n\n\n\n\n79.6%\n\n\n82.8%\n\n\n-3.2%\n\n\nn/a\n\n\n\n\nAverage Occupancy (let sq ft- million)\n\n\n5.638\n\n\n5.852\n\n\n-3.7%\n\n\nn/a\n\n\n\n\n\n5.586\n\n\n5.779\n\n\n-3.3%\n\n\nn/a\n\n\n\n\nMaximum Lettable Area (MLA)\n\n\n7.02\n\n\n7.00\n\n\n0.3%\n\n\nn/a\n\n\n\n\n\n7.02\n\n\n7.00\n\n\n0.3%\n\n\nn/a\n\n\n\n\nAverage Storage Rate (£)\n\n\n31.57\n\n\n30.72\n\n\n2.8%\n\n\n2.8%\n\n\n\n\n\n31.57\n\n\n29.89\n\n\n5.6%\n\n\n5.0%\n\n\n\n\nREVPAF (£)9\n\n\n30.37\n\n\n30.55\n\n\n-0.6%\n\n\n-0.6%\n\n\n\n\n\n29.91\n\n\n29.34\n\n\n1.9%\n\n\n1.4%\n\n\n\n\n \nHighlights\n \n· Grou...