Core Viewpoint - Safestore has reported accelerating revenues for the fourth quarter, leading to modest share price gains, indicating strong demand in its core UK market and positive contributions from both like-for-like and new stores across all markets [2][3][5]. Financial Performance - For the full year ending 31 October, Safestore's turnover reached £234.3 million, reflecting a 4.9% increase at reported rates and a 5% increase at constant exchange rates [2]. - Fourth-quarter revenues rose 7.1% to £62 million, with growth of 6.1% at stable exchange rates [3]. - On a like-for-like basis, full-year revenues increased by 3.1% at constant currencies to £228.7 million, while fourth-quarter revenues rose 3.3% to £59.4 million [4]. UK Market Performance - The UK unit drove revenue growth, with like-for-like sales increasing by 2.4% for the financial year and 3.4% for the fourth quarter, amounting to £42.9 million and £164.8 million respectively [5]. - Average storage rates in the UK rose by 6.6% in the last quarter, contributing to a full-year growth of 2.5% [5]. International Market Performance - In France, like-for-like revenues increased by 2% in the last quarter to €13.4 million, with annual growth of 1.3% to €51.9 million [6]. - However, average storage rates in France fell by 1.8% in the fourth quarter, resulting in a full-year growth of only 0.4% [6]. Occupancy and Rates - Closing occupancy reached 6.67 million square feet as of October, up 4%, with occupancy as a percentage of current lettable area increasing to 78.1% from 78% a year earlier [7]. - Average storage rates improved by 1.2% year-on-year to £30.20, with a 4% increase in rates during the fourth quarter to £30.84 [7]. Expansion and Future Outlook - Safestore opened four new stores in the past year, increasing its total maximum letting area to 9.3 million square feet [8]. - The company has added 0.7 million square feet of new maximum letting area in the 2025 financial year, with a pipeline of 1 million square feet on track for future development [8]. - The CEO expressed optimism about continued momentum and expects full-year earnings per share to meet City forecasts of 40.3p, down from 42.3p in financial 2024 [8]. Upcoming Reports - Safestore is scheduled to release its full-year report on 15 January [9].

Group 1 - Janus reported third-quarter financial results that missed analyst expectations for both revenue and earnings, leading to a 13.2% drop in share price [1] - Revenue for the quarter was $219.3 million, a 4.7% decrease from the previous year, and below the expected $228.3 million [1] - Adjusted earnings per share were $0.16, which was 22% lower than consensus estimates, indicating significant earnings miss [1] Group 2 - The company's full-year guidance for revenue and adjusted EBITDA was also below analyst forecasts, suggesting potential weakness ahead [1] - Janus's shares have shown volatility, with 18 moves greater than 5% in the past year, indicating that this news has significantly impacted market perception [3] - The stock is currently trading at $7.33 per share, which is 31.4% below its 52-week high of $10.68 from August 2025 [5]