Self-storage sites operator Lok’nStore (LON: LOK) increased first half revenues by 4.9%, helped by higher prices. Part of the debt has been fixed at a lower interest charge and the outlook remains positive for the growing market.
The three latest stores are building up their business and a new managed site has been opened. One owned store and one managed store will open this year. This investment will help to improve the long-term valuation of the store portfolio.
The balance sheet remains strong. Loan-to-value was 3.7% at the end of July 2023 and it not expected to peak at much more th...
