Added to YB: 2025-11-20
Pitch date: 2025-11-18
BYG.L [bullish]
Big Yellow Group Plc
-8.04%
current return
Author Info
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Company Info
Big Yellow is the UK's brand leader in self storage. Big Yellow now operates from a platform of 109 stores, including 24 stores branded as Armadillo Self Storage.
Market Cap
GBP 2.1B
Pitch Price
GBP 10.94
Price Target
N/A
Dividend
4.34%
EV/EBITDA
19.53
P/E
16.52
EV/Sales
12.60
Sector
Specialized REITs
Category
value
Big Yellow Group (BYG UK): operational discipline and steady rental growth keep the storage engine running
BYG.L (quick overview): Self-storage operator showing operational discipline despite softer demand. Store revenue +2% YOY on 4% rent increases offsetting 78.2% occupancy (-2.3pts). Store EBITDA +5% from cost cuts, adjusted PBT +9%. Development pipeline offers 17% returns on £465M capex. Net debt 3.3x EBITDA, 14% LTV. Trades 10%+ discount to EPRA NTA.
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