Big Yellow edges revenue and earnings higher as occupancy stabilises and expansion continues

Big Yellow Group ( (GB:BYG) ) just unveiled an announcement.

Big Yellow Group reported a 2% increase in total revenue to £52.3m for the quarter to 31 December 2025 and 2% growth year to date, supported by higher net achieved rent per square foot, which rose 3–4% despite a modest decline in occupancy. Overall closing occupancy fell to 75.4% amid seasonal weakness and additional new capacity, but the reduction in occupied space was significantly smaller than last year, and like-for-like occupancy performance improved quarter-on-quarter, helped by a recovery in both domestic and business demand, including a notable swing to growth in business occupancy. Like-for-like operating expenses were slightly lower year to date, though the group plans to reinvest savings into digital marketing, and it expects full-year adjusted EPS growth of around 2%, dampened by the absence of a prior-year £4m insurance gain. The company continues to expand its footprint with two recently opened London stores performing well, two more openings planned before year-end, and planning consent secured on most of its 13-site pipeline, while maintaining a conservative, largely variable-rate debt structure that management believes will position the business to benefit from potential interest-rate cuts and further consolidation opportunities in the self storage market.

The most recent analyst rating on (GB:BYG) stock is a Hold with a £1100.00 price target. To see the full list of analyst forecasts on Big Yellow Group stock, see the GB:BYG Stock Forecast page.

Spark’s Take on GB:BYG Stock

According to Spark, TipRanks’ AI Analyst, GB:BYG is a Neutral.

Big Yellow Group’s overall stock score is driven by strong financial performance and strategic expansion efforts, which are slightly offset by bearish technical indicators and potential cost challenges from increased property rates. The company’s moderate valuation and attractive dividend yield provide additional support to the score.

To see Spark’s full report on GB:BYG stock, click here.

More about Big Yellow Group

Big Yellow Group is the UK’s brand leader in self storage, operating 111 stores with a current maximum lettable area of 6.6 million sq ft and a development pipeline of 0.9 million sq ft across 13 proposed facilities. The company focuses on high-profile, accessible locations, primarily in London and commuter towns which generate about 75% of revenue, and larger regional conurbations, with 99% of sites held freehold or long leasehold; it emphasises technology-enabled operations, security, customer service, engaged staff and sustainability.

Average Trading Volume: 680,188

Technical Sentiment Signal: Strong Buy

Current Market Cap: £2.11B

See more data about BYG stock on TipRanks’ Stock Analysis page.