The Big Yellow Group PLC (BYG) Annual Report for 2018 has been released.

The report can be accessed on the BYG website.

Click here to see BYG Annual Report & Accounts 2018. 

Big Yellow Group PLC (BYG) released its results for the 2018 financial year on 22 May. Some highlights in these results for investors in the Armadillo portfolio include:

•  Big Yellow remains the most recognized self storage brand in the UK;

•  Like for Like centre revenue growth in the BYG owned portfolio was 7% over the year – Armadillo like for like centre revenue growth was 10 % for the same period;

•  Full year dividend per share for BYG grew by 12% - total dividends per share declared by the Armadillo group in FY18 grew by 15%;

•  Armadillo portfolio occupancy peaked at over 80% during FY18, establishing a solid base for average rental rate growth in FY19; and

•  the addition of 6 new centres to the Armadillo portfolio, with a continued focus on acquisitive growth in FY19. The Armadillo portfolio now represents 18% of the combined BYG/Armadillo self storage installed capacity.

The full results announcement and presentation can be accessed on the BYG website:

Click here to see BYG year ended 31 March 2018 Results Announcement 

The Armadillo self storage portfolio, comprising 22 centres, has been independently valued by Jones Lang LaSalle at £91.5 million as at 31 March 2018, up from £70m at 31 March 2017. This is a valuation increase of 6% on the Like for Like portfolio of 16 centres in the Armadillo portfolio as at 31 March 2017, with the remainder due to the 6 centres acquired during the financial year.

The details of the portfolio values are available to USS1 and USS2 investors via the Investor login portal.