Lok'nStore makes progress with several new stores
8th Jan 2020 09:06
(Sharecast News) - Self storage company Lok'nStore updated the market on its pipeline of new landmark stores on Wednesday, reporting that it exchanged contracts with Lidl subject to planning on the shared use of its freehold site in Cheshunt, Hertfordshire.
Read moreOccupancy growth boosts Lok'n Store's revenue
29th Apr 2019 07:04
(Sharecast News) - Lok'n Store Group on Monday reported double-digit interim profit and revenue growth following growth to unit occupancy.
Read moreLok'nStore agrees new £75m facility to fund new store development
25th Apr 2019 15:55
(Sharecast News) - Self storage provider Lok'nStore announced the agreement of a new £75m five-year revolving credit facility on Thursday, which would replace its existing £50m facility and provide funding for site acquisitions and development, to support the group's growth plans.
Read moreLok'nStore revenues rise amid 'robust' sales growth
11th Feb 2019 12:54
(Sharecast News) - Self-storage company Lok'nStore reported a rise in first-half revenue on Monday amid "robust" sales growth.
Read moreLok'nStore to dispose of document storage business
1st Feb 2019 08:01
(Sharecast News) - Self-storage company Lok'nStore has announced the disposal of its document storage business, Saracen, to Iron Mountain UK for £7.64m in cash.
Read moreLok'nStore full-year revenue jumps amid 'strong' trading
6th Aug 2018 10:37
(Sharecast News) - AIM-listed self-storage company Lok'nStore reported a jump in full-year revenue on Monday as it hailed "strong" trading.
Read moreLok'nStore posts 'solid' first half
13th Feb 2017 12:37
(ShareCast News) - Self-storage company Lok'nStore provided an update on its trading in the first half of the financial year to 31 January on Monday. The AIM-traded firm said, building on the positive momentum of FY2016, trading in the first half of FY2017 remained solid. In its core self-storage b
Read moreLok'nStore improves FY pre-tax profit
17th Oct 2016 10:20
(ShareCast News) - Lok'nStore has hiked its full-year pretax profit to £5.5m from £2.7m a year earlier, and said its rapid-development programme can be financed from cash flow and existing banking facilities. Adjusted net asset value per share rose 27.6% to 386p, from 302p. Annual dividend was 9p
Read moreLok'nStore's revenues grow due to store expansion
8th Aug 2016 13:29
(ShareCast News) - Storage company Lok'nStore's revenues increased due to store expansion. In a trading update for the year ended 31 July, the company's revenue grew by 5.2% compared to the same period last year. Self-storage unit occupancy increased by 2% and the price per let square foot incre
Read moreLok'nStore signs management contract for Hertfordshire, Kent stores
4th Aug 2016 12:53
(ShareCast News) - Self-storage company Lok'n Store signed management contracts to develop and operate two new stores in Hertfordshire and Kent to continue its expansion strategy. Building work is to start immediately, funded by the owners of the sites and should open in 2017. The company secured p
Read moreLok'nStore first-half profit jumps 156%
25th Apr 2016 07:32
(ShareCast News) - AIM-listed self-storage company Lok'nStore Group reported a 155.5% jump in first-half profit as revenue grew and costs declined. In the six months to the end of January, pre-tax profit rose to £3.79m from £1.48m in the same period last year, on revenue of £7.99m, up 4.7%. The gro
Read moreLok'nStore indicates positive growth in first half
8th Feb 2016 15:12
(ShareCast News) - Lok'nStore Group's growth strategy was paying off, as the company indicated positive movement in the six months to 31 January, ahead of its interim results. The AIM-traded self-storage business with 25 locations in the South East of England said on Monday that, following a solid p
Read moreLok'nStore posts record financial results
19th Oct 2015 12:10
(ShareCast News) - Lok'nStore Group has had a record year, boosted by growth from a number of new stores. The AIM listed self-storage company posted its full year results to 31 July. Revenue was up nearly 11% to £15.42m, while adjusted EBITDA was up 23.1% to £5.68m. That contributed to a pre-tax p
Read moreLok 'n Store's annual revenue climbs on expansion plans
11th Aug 2015 08:56
(ShareCast News) - Self-storage provider Lok'n Store Group saw revenues rise this year, while new store openings are expecting to further boost sales and earnings. In the 12 months to 31 July, the London-listed group reported a 12% year-on-year rise in revenue, as occupancy grew 0.6% and price per l
Read moreLok'n Store receives additional payment for sale of Reading facility
4th Aug 2015 12:33
(ShareCast News) - Self-storage provider Lok'n Store Group has received £2m from the buyer of its former storage facility in Reading, after it agreed to default its rights to receive additional payments related to the sale of the property. The London-listed property received £2.9m upon completion of
Read more