Our Strategy.

Watch the Video:
Watch how self
storage works We are the market leading UK self storage REIT with a focus on occupancy, revenue and cash flow, driving sustainable dividend growth. The recent equity raise has allowed the Board to accelerate its strategy of deleveraging whilst giving the Group some flexibility to expand its portfolio of stores and consolidate its brand dominance in London and the South East. It also enables us to increase the dividend payout ratio as we believe that income is viewed by our shareholders as an important component of their total return.

Business Model.

  • High barriers to entry, with limited supply coming onto the market
  • Growing demand and awareness
  • Low obsolescence and low ongoing maintenance capex
  • Market leading brand
  • Freehold portfolio
  • High operating margins, from larger average store size
  • Strong cash flow
  • London and South East focus
  • Growing earnings each year
    (14% annual compound growth over the last four years)
  • 19 months average length of stay for existing customers
  • Very low bad debt record (0.17% of revenue in year)
  • Diversified tenant risk (38,500 customers)

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90%.

of revenue from
London and
the South East

55%.

unprompted
brand awareness
in London

14%.

compound EPS
growth over the
last four years