Brief: Lok'nStore Group Says HY Same Store Revenue Up 10.3%

Lok'n Store

13/02/2023 07:38

Feb 13 (Reuters) - Lok'n Store Group PLC  LOK.L :
    * LOK'NSTORE GROUP  - TRADING UPDATE
    * LOK'N STORE GROUP PLC - HY SAME STORE REVENUE UP 10.3%
    * LOK'N STORE GROUP PLC - NET ASSET VALUE EXPECTED TO BE
BROADLY
UNCHANGED AT YEAR-END
    * LOK'N STORE GROUP PLC - HY MOVE-INS IN PERIOD WERE UP
13.5% AND
SAME-STORE REVENUE WAS UP 10.3% ON SAME PERIOD LAST YEAR
    * LOK'N STORE GROUP PLC - CONTINUED STRONG DEMAND AND GOOD
OCCUPANCY LEVELS GIVE US FURTHER PRICING MOMENTUM GOING FORWARD
    * LOK'N STORE GROUP PLC - AS ANTICIPATED, WE ARE SEEING SOME
COST
PRESSURE, SPECIFICALLY IN AREAS OF BUSINESS RATES AND ENERGY
    * LOK'N STORE GROUP PLC - BELIEVE  COST MOVEMENTS ARE
SHORTER TERM
AND EXPECT RATE OF COST GROWTH TO RETURN TO MORE NORMALISED
LEVELS IN DUE COURSE

Source text for Eikon:  ID:nRSM6496Pa 
Further company coverage:  LOK.L 
 ((Reuters.Briefs@thomsonreuters.com;))