Safestore Holdings have announced an interim dividend to 9.4p

DividendMax Ltd.

Safestore Holdings have announced an interim dividend to 9.4p

The Safestore Holdings Board has announced an interim dividend of 9.4 pence per share, representing a 25.3% increase from the interim dividend paid last year of 7.5 pence. This will amount to a dividend payment of £19.8m (H1 2021: £15.8m). The dividend will be paid on 11 August 2022 to shareholders who are on the Company's register at the close of business on 8 July 2022. The ex-dividend date will be 7 July 2022. 25% (H1 2021: 100%) of the dividend will be paid as a REIT Property Income Distribution ("PID").

Other financial highlights include:

Group revenue up 14.6% and in CER up 15.9%

Group like-for-like storage revenue in CER up 16.4% and like-for-like total revenue in CER up 14.5%

Strong operational gearing driving growth in Adjusted Diluted EPRA EPS, up 24.3% at 22.5p (2021: 18.1p)

Profit before income tax of £285.2m up from £167.3m in 2021 driven by strong trading performance and increased gain on investment properties of £223.9m (2021: gain of £127.7m)

Strong conversion of profitability to cash with Cash Inflow from Operating Activities up 24.6% to £54.7m

Adjusted Diluted EPRA Earnings per Share expected to be at least 47p for the full year

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