StockMarketWire.com - Storage space provider Safestore Holdings boosted its revenue by 10.3% in the third quarter on-year, while increasing occupancy rates across its portfolio.

Revenuer rose to £36.4m, pushing year-to-date revenue up 9.9% to £105.6m

On a like-for-like basis, revenue rose 5.9% in the third quarter and 5.6% year-to-date.

Occupancy rates in the third quarter increased 2.7 percentage points to 75.8%.

'I am pleased to report a strong performance in the third quarter with increasing momentum in our UK business,' chief executive Frederic Vecchioli said.

'Our top priority remains the significant organic growth opportunity represented by the 1.5m square feet of unlet space in our existing fully invested estate.'

'I am confident that our leading market positions in the UK and Paris and our resilient business model continue to enable us to withstand any macro-economic uncertainty that may arise over the coming months.'

'The company is in a strong position and remains on course to meet the board's full year expectations.'




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