Big Yellow Group Reports Non-GAAP EPS of 30.00 Pence and Revenue of £105.1 Million

Financial Performance: Big Yellow Group reported a 1H Non-GAAP EPS of 30.00 pence and a revenue of £105.1M, reflecting a 2% year-over-year growth, with store EBITDA up 5% and like-for-like operating costs down 2%.

Occupancy and Rental Growth: Like-for-like occupancy decreased by 2.3 percentage points to 78.2%, while average net rent per square foot increased by 4%, indicating rental growth despite occupancy challenges.

New Store Openings: The company opened two new freehold stores in London, one in Staines (70,000 sq ft) and another in Queensbury (72,000 sq ft), enhancing its operational footprint.

Dividend Announcement: An interim dividend of 23.8 pence per share was approved, marking a 5% increase from the previous period, with the entire dividend declared as Property Income Distribution (PID).