The Safestore Holdings Plc Board is to recommend a final dividend of 20.2 pence per share (FY2022: 20.4 pence) resulting in a full year dividend up 1% to 30.1 pence per share (FY2022: 29.8 pence).
Shareholders will be asked to approve the dividend at the Company's Annual General Meeting on 13 March 2024 and, if approved, the final dividend will be payable on 9 April 2024 to Shareholders on the register at close of business on 7 March 2024.
Other financial highlights include:
Group revenue for the year up 5.5% (up 4.8% in CER1)
Like-for-like8 Group revenue for the year in CER1 up 1.7%
Underlying EBITDA up 4.5% in CER which, combined with a reduced gain on investment properties of £93.8 million (FY2022: £381.6 million), resulted in statutory operating profit of £230.4 million (FY2022: £514.5 million)
Strong cost control with like-for-like costs increasing 0.3% on a CER basis
Adjusted Diluted EPRA Earnings per Share6 up 0.8% at 47.9 pence (FY2022: 47.5 pence)
