Self-storage sites operator Lok’nStore (LON: LOK) continues to grow at an impressive pace and add new sites that will enhance growth in the future. Declining yields on self-storage assets will help to boost NAV.
The site acquisitions and development spending will be financed through the existing bank facilities. The development pipeline will add 38% to capacity and take the number of sites to 51. It takes time for new sites to build up and the benefit to show through to profit, so sites open...
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