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
