Brief: SSG says Demand For Self-Storage Is Growing

Self Storage ASA

15/05/2023 06:05

May 15 (Reuters) - Self Storage Group ASA  SSG.OL :
    * STRONG QUARTER WITH HIGH ACQUISITION ACTIVITY AND REVENUE GROWTH
    * Q1 ADJUSTED REVENUE IN Q1 2023 WAS NOK 101.7 MILLION, REPRESENTING AN 11% INCREASE FROM
NOK 92.0
MILLION IN THE CORRESPONDING QUARTER IN 2022
    * DEMAND FOR SELF-STORAGE SOLUTIONS REMAINS ROBUST
    * EFFECTS FROM CHANGES IN FAIR VALUE OF FREEHOLD INVESTMENT PROPERTY CAUSED SOME NEGATIVE
NON-CASH
MOVEMENTS
    * THE DEMAND FOR SELF-STORAGE IS GROWING AND HAS PROVEN TO BE RESILIENT DURING PREVIOUS
RECESSIONS
    * ANTICIPATES THAT A DETERIORATING PROPERTY MARKET WILL CONTINUE TO CREATE ATTRACTIVE
INVESTMENT
OPPORTUNITIES FOR ACQUISITIONS.
    * VALUE OF SSG'S PLATFORM IN A CHALLENGING MARKET REMAINS STRONG

Source text for Eikon:  ID:nObiCjjlKa 
Further company coverage:  SSG.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))