The Safestore Holdings PLC Board has announced an interim dividend of 7.5 pence per share, representing a 27.1% increase from the interim dividend paid last year of 5.9 pence. This will amount to a dividend payment of £15.8m (H1 2020: £12.4m). The dividend will be paid on 13 August 2021 to shareholders who are on the Company's register at the close of business on 9 July 2021. The ex-dividend date will be 8 July 2021. 100% (H1 2020: 100%) of the dividend will be paid as a REIT Property Income Distribution ("PID").
Other financial highlights include:
Group revenue up 11.1% and in CER up 10.5%
Group like-for-like storage revenue in CER up 9.1% and like-for-like total revenue up 8.3%
Strong operational gearing driving growth in Adjusted Diluted EPRA EPS, up 24.8% at 18.1p (2020: 14.5p)
Profit before income tax up to £167.3m from £99.7m in 2020 driven by strong trading performance and increased gain on investment properties of £127.7m (2020: gain of £64.0m)
Strong conversion of profitability to cash with Cash Inflow from Operating Activities up 23.0% to £43.9m
Adjusted Diluted EPRA Earnings per Share expected to be at least 38p for the full year