Big Yellow 2018 interim results
Strong occupancy performance driving 6% revenue growth
Average rate flat period on period; closing net rent up 1% from 31 March 2017
Continued growth in EBITDA, adjusted earnings and dividend
Cash flow from operating activities (after finance costs and before working capital movements) increased by 12% to £32.5 million
Adjusted profit before tax up 13% to £30.6 million
13% increase in interim dividend to 15.3 pence per share
Acquisition of new development sites in Wapping (London), Bracknell and Slough taking pipeline to 575,000 sq ft (13% of current MLA)
Planning consent obtained at Manchester for a landmark city centre store of 60,000 sq ft
Refinancing extending the term of the Group's debt and reducing the average cost
