Big Yellow Self-Storage, a self-storage operator with 61 facilities in the United Kingdom, released information showing its operating revenue is rising.
The company’s third-quarter revenue from the 51 of its facilities rose 7 percent from the same time a year ago to about $23 million. In addition, total store revenue from 10 partnership stores has more than doubled.
Closing occupancy for the company was 1,874,000 square feet across the 51 stores, representing 58 percent of the total capacity in the third quarter. Company shares have risen 11.5 percent in the last six months.
The majority of Big Yellow facilities are in London and southeast England.