Back
News

Safestore profits up

Safestore has delivered a 7.1% increase in operating revenue to £57.4m and a 12% increase in pretax profits to £55m in its half-year results to April 2017.

It said portfolio value had increased by 4.5% since 31 October 2016. Values rose by £27.6m in the UK to £980.3m and by €16.9m in France to €287.8m (£253m).

Chief executive Frederic Vecchioli said: “Safestore has performed well in the first half of the year and continues to build on the strong earnings and dividend growth achieved over the past four years.

Start your free trial today

Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.

Including:

  • Breaking news, interviews and market updates
  • Expert legal commentary, market trends and case law
  • In-depth reports and expert analysis

Up next…