Big Yellow Group ( (GB:BYG) ) has provided an update.
Big Yellow Group PLC reported a 2% increase in total revenue for the third quarter of 2024, with year-to-date revenue up by 3%. The company saw improvements in business move-ins and rent per square foot, while managing a slight decline in occupancy. Despite macroeconomic challenges, the group remains confident in its resilience, planning to invest £176 million over the next three years to expand its store portfolio. The company aims to maintain its net debt to EBITDA ratio and projects a modest growth in earnings per share for the full year.
More about Big Yellow Group
Big Yellow Group PLC is the UK’s leading brand in the self-storage industry, operating 109 stores with a focus on London and its commuter towns. The company emphasizes customer service, state-of-the-art technology, and sustainability, and holds the majority of its properties freehold or long leasehold.
YTD Price Performance: -6.29%
Average Trading Volume: 4,731
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.13B
For a thorough assessment of BYG stock, go to TipRanks’ Stock Analysis page.