The Safestore Holdings Board has announced an interim dividend of 9.9 pence per share, representing a 5.3% increase from the interim dividend paid last year of 9.4 pence. This will amount to a dividend payment of £21.6m (H1 2022: £19.8m). The dividend will be paid on 10 August 2023 to shareholders who are on the Company's register at the close of business on 7 July 2023. The ex-dividend date will be 6 July 2023. 25% (H1 2022: 25%) of the dividend will be paid as a REIT Property Income Distribution ("PID").
Other financial highlights include:
Group revenue up 9.0% and in CER up 7.7%
Group like-for-like storage revenue in CER up 3.2% and like-for-like total revenue in CER up 3.1%
Adjusted Diluted EPRA EPS, up 5.3% at 23.7p (2022: 22.5p)
Statutory profit before income tax of £103.4m down from £285.2m in 2022 with a robust trading performance offset by the lower gain on investment properties of £47.3m (2022: gain of £223.9m)
Adjusted Diluted EPRA Earnings per Share for the full year expected to be broadly in line with the consensus of 49.45p.
