Brief: Shurgard Self Storage H1 Revenue Up At 189.3 Million Euros

Shurgard Self Storage

14/08/2024 06:12

Aug 14 (Reuters) - Shurgard Self Storage Ltd  SHUR.BR :
    * REVENUES UP BY 8.2%, IN H1 2024, TO €189.3 MILLION
    * H1 OCCUPANCY REMAINS HIGH WITH SAME STORE AVERAGE OF 89.5%
(90.1% H1 23)
    * A GROSS DIVIDEND OF €0.58 PER SHARE – PAYMENT ON OR ABOUT
SEPTEMBER 26, 2024
    * IMPROVED 2024 REVENUE GUIDANCE
    * €78.2 MILLION OF ADJUSTED EPRA EARNINGS IN H1,
REPRESENTING
GROWTH OF 7.7%
    * OUTLOOK 2024: PREVIOUS GUIDANCE OF C. 7.5% WILL BE
EXCEEDED,
EXPECTS TO DELIVER AT LEAST 8% TOTAL REVENUE GROWTH
    * H1 NET DEBT/UNDERLYING EBITDA: 3.8X AND ICR (INTEREST
COVERAGE
RATIO): 13.0X
    * H1 UNDERLYING EBITDA (ALL STORE) EUR 105.8 MILLION
    * H1 LOW LTV 15.4%

Source text: https://shorturl.at/VfA6Y
Further company coverage:  SHUR.BR 

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