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Revenue increase of 3% in the year, with same store revenue reduction of 4% |
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Adjusted EBITDA up 2% to £30.3 million |
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Adjusted profit before tax of £13.8 million (2008: £15.0 million) |
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Cash generated from operations increased by 8% to £33.3 million |
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Loss before tax of £71.5 million, down from a profit of £102.6 million in the prior year principally due to the reversal of some of the revaluation gains booked in the prior year; and the cost of derivative positions that were closed out in the year |
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Rehedging of interest rate derivatives, saving an estimated £5.4 million per annum at current monthly variable rates |
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Adjusted net assets per share of 457.0p (2008: 522.0p) |
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54 stores open at 31 March 2009 providing 3.4 million sq ft of self storage space |
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Refinancing of £325 million core banking facility with HSH Nordbank, expiring in September 2013 |
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Nine planning consents obtained since 1 April 2008 |