Lok’nStore discount too attractive to ignore

Self-storage sites operator Lok’nStore (LON: LOK) continues to increase its NAV despite the effect of higher interest rates. That reflects the new openings and higher prices. Momentum is being maintained and there should be a greater increase this year.

NAV was 1% ahead at 986p/share at the end of July 2023. Occupancy in stores operating for more than three years is 80.6%, while pricing has risen by 6.8%. There were also increases in the value of newly launched sites.

The lack of supply o...

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