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Armadillo January 2021 Trading Update

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The ASS Portfolio continues to outperform historical trading levels, with trading performance well above those levels recorded in January 2020 (the prior corresponding month (pcm)).

Trading highlights for January 2021 include:

  • Total occupancy across the portfolio of 82.1% at the end of January, up from 76.1% for the pcm;
  • Strong rental rate growth, with net rent per a sqft of £18.16, an increase of £0.32 from the previous month of December; and
  • Total revenue (12%) and store EBITDA (16%) higher than the pcm.

 

 

 

Creating investment opportunities in global self storage markets.