20th Jan 2026 11:00
(Alliance News) - Big Yellow Group PLC on Tuesday said it remained confident in its business model as it is "well positioned" to take advantage of opportunities, as it reported slight revenue growth.
The Bagshot, Surrey-based self-storage site operator said revenue picked up 1.8% to GBP52.3 million in the third financial quarter which ended on December 31, from GBP51.4 million a year prior.
Like-for-like store revenue for the nine months to December 31 was GBP156.3 million, up 2.0% from GBP153.3 million.
Chief Executive Officer Jim Gibson said: "Our two recently opened stores in Staines and Queensbury [both in London] are performing well. We are opening a further two stores before the year end [Slough Bath Road, and Wembley, London] and four in the forthcoming financial year. Having received planning on Leicester in December, we now have consent on 10 of our 13 pipeline stores.
"We continue to maintain a conservative capital structure with a significant proportion of our debt as variable and any further cuts in interest rates should provide a tailwind to earnings growth. We remain confident in our business model and are well positioned to take advantage of opportunities to develop new sites or acquire existing storage centres."
Big Yellow shares fell 2.1% to 1,046.00 pence each on Tuesday morning in London.
By Tom Budszus, Alliance News slot editor
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