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BIG YELLOW TRADING UPDATE FOR QUARTER ENDED 30 JUNE 2020

 

corona virus update

On 15 July 2020, our partner in the Armadillo joint venture, Big Yellow Group (BYG), released its results for the quarter ended 30 June 2020 (Q1 FY21).

Key highlights include:

  • Like-for-like revenue for the quarter of £31.7 million, up 1.9% from the prior corresponding quarter (pcq)
  • Like-for-like closing occupancy was 83.6%, down 0.4 percentage points against the pcq
  • Average net rent per sqft of £28.3, up 3.7% against the pcq

The announcement also provided a trading update on Armadillo, with like-for-like revenue up 1.5% against the pcq. The trading performance of BYG and Armadillo in Q1 FY21 has proven to be relatively resilient given the impact of COVID-19.

Click here to see the full update 

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