The Safestore Board is to recommend a 15.9% increase in the final dividend to 20.4 pence per share (FY2021: 17.6 pence) resulting in a full year dividend up 18.7% to 29.8 pence per share (FY2021: 25.1 pence). Over the last nine years, the Group has grown the annual dividend by 418% or 24.1 pence per share.
Other financial highlights include:
Group revenue for the year up 13.8% (up 14.3% in CER)
Like-for-like Group revenue for the year in CER up 10.7%:
Underlying EBITDA up 15.1% in CER which, combined with an increased gain on investment properties of £381.6m (FY2021: £321.1m), resulted in statutory operating profit of £514.5m (FY2021: £417.0m)
Adjusted Diluted EPRA Earnings per Share up 17.3% at 47.5 pence (FY2021: 40.5 pence). Diluted Earnings per Share was 212.4 pence (FY2021: 176.4 pence) largely due to the higher property valuation gain in FY2022