Results 

Big Yellow still focused on optimisation

Big Yellow still focused on optimisation

Big Yellow (BYG) executive chairman Nicholas Vetch called increasing occupancy to 90 per cent the “core objective” for the self-storage specialist. The target rate was increased midway through FY2018, as higher occupancy levels support rental rates – basic supply and demand. Indeed, like-for-like occupancy increased by 3.9 percentage points to 81.9 per cent, which underpinned 0.8 per cent growth in the average rental rate per square foot (sq ft).

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now