Tip update: Lok’nStore continues progress

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 remain...

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