Big Yellow Group Reports Solid Q1 Growth

Big Yellow Group (GB:BYG) has released an update.

Big Yellow Group PLC has reported a successful first quarter with a total revenue increase of 4% to £50.2 million and a 3% rise in like-for-like store revenue compared to the previous year. The company has seen a solid performance in occupancy rates and rental growth, with net rent per square foot up by 4%. They are also expanding, with a new store opening in Slough and construction underway on six additional sites, contributing to their strategic growth in the storage space market.

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