Big Yellow Group

Big Yellow expects the recent revaluation of commercial properties to increase its annual business rates bill by £1.8m and forecasts a tax charge of £22.9m for the year to 31 March 2027 (up 8.5% versus the current level). The increase equates to about 0.9% of the most recently reported annual revenue and is additionally driven by a new multiplier for highly valued properties affecting 27 sites. Big Yellow points to prior successful appeals (reductions at 35 of 51 properties reviewed) and is currently pursuing 63 appeal cases; the company is reviewing the 2026 valuation lists to prioritise appeals. » Plus sur de.investing.com

Big Yellow reported a 9% rise in adjusted pre-tax profit to £59.6m for the half-year to 30 September 2025, driven by rent growth despite falling occupancy. Site revenues increased 2% to £104.5m, average net rent per sq ft rose 4% to £35.78, while like-for-like occupancy fell to 78.2%. Site EBITDA grew 5% to £74.3m, operating cash flow rose 6% to £56.9m, and the company announced an interim dividend of 23.8p (+5%). Reported pre-tax profit, however, fell 49% to £74.8m, mainly due to lower revaluation gains; the development pipeline was expanded with new additions in London and Coventry. » Plus sur de.investing.com

Big Yellow says it has held meetings with multiple parties to review strategic options, including a potential sale of the company. Funds associated with Blackstone are reportedly considering whether to comment on a stake that could include a cash offer for the entire equity, according to the statement. Big Yellow stresses, however, that it has not received a concrete approach to date and is not in sales negotiations. There is no certainty that an offer will be made or what its terms might be. » Plus sur de.investing.com