UK's Big Yellow Group annual revenue beats analyst estimates

Big Yellow

18/05/2026 16:44

Overview

UK self-storage operator's annual revenue rose 2%, beating analyst expectations

Adjusted pretax profit up 2% but missed analyst estimates

Revenue growth driven by higher net rents, offsetting occupancy decline from new store openings

Outlook

Company expects underlying store operating cost inflation of about 2-3% in the year ahead

Big Yellow says it faces considerable sector challenges and macroeconomic headwinds

Result Drivers

HIGHER NET RENTS - Revenue growth was driven by a 4% increase in average achieved net rent per sq ft, offsetting lower occupancy

NEW STORE OPENINGS - Four new stores added 5% to capacity, which was the primary driver of the 4.5 percentage point decline in closing occupancy

COST CONTROL - Like-for-like store operating costs increased by 0.3% in the year, down from 7% in the previous year, reflecting operational efficiencies

Company press release: ID:nRSR7733Ea

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
GBP 209.1 mln
GBP 196.75 mln (14 Analysts)
FY Adjusted Pretax Profit
Miss
GBP 117.5 mln
GBP 120.26 mln (14 Analysts)
FY Pretax Profit
GBP 126.2 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Big Yellow Group PLC is GBp1,200.00, about 43.9% above its May 15 closing price of GBp834.00

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)