BUZZ-UK's Safestore gains on strong sales, interim profit

Safestore Holdings

21/06/2022 11:00

** Shares of real estate investment trust  SAFE.L  rise as
much as 2.6% to 1,069p
    ** Co posts HY profit before tax of 285.2 mln pounds
($351.11 million) vs 167.3 mln pounds reported a year ago 
    ** SAFE benefited from strong growth in sales and robust
growth of its investment properties 
    ** Says HY group revenues increased 14.6% to 101 mln pounds
    ** Co, however, says it is cautious of rising inflationary
pressures and cost of living 
    * Including session's gains, stock down ~25.3% YTD
    


($1 = 0.8123 pounds)

 (Reporting by Sinchita Mitra in Bengaluru)
 ((Sinchita.mitra@thomsonreuters.com))