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
