On 10 September 2020, Safestore released its third quarter trading update for the period 1 May 2020 to 31 July 2020.
The performance of the UK portfolio headlined the results with record Q3 increase in like-for-like occupancy in the UK of 279,000 sq ft (2019: 247,000).
Other highlights include:
- Group like-for-like storage revenue in Q3 increased 2.2%.
- Group like-for-like closing occupancy up 0.2% on Q3 2019
- Group like-for-like average storage rate in Q3 grew 3.5%