Shares in Safestore jumped 4.23% today after it reported a better than expected set of full-year results at the end of last week.
On Thursday, the self-storage company reported a consensus-beating NAV of 218p a share and revenue growth of 4.4%.
The shares were unchanged on the day at 261p, but rose 2% on Friday and then another 4.2% today. They are now up 61.2% year-on-year.
In an investor note today, Jefferies analyst Mike Prew said Safestore had “turned into a real gem of a business”.
The FTSE 100 shrugged off news of the left wing party Syriza’s win in Greece’s general election, edging up 0.29%. UK REITs also crept up modestly, by 0.14%.
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