Jul 02nd 2012 - Edison Investment Research today published a report on Safestore Holdings (SAFE.L, LSE:SAFE, LON:SAFE) entitled "Longer-term Attractions". In summary, the report says:
Safestore’s recent interims displayed continued resilience of the business model. Flexible pricing helped drive improved occupancy (+5.4%) and revenue (+6.4%), while a three-year investment plan could see a 10% underlying uplift in EBITDA. While short-term trading headwinds are likely to weigh on profitability and the share price, the growing dividend and attractive yield should help sustain investor interest.
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