Added to YB: 2025-01-29
Pitch date: 2024-12-31
BYG.L [bullish]
Big Yellow Group Plc
+7.97%
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 9.37
Price Target
N/A
Dividend
4.34%
EV/EBITDA
19.53
P/E
16.52
EV/Sales
12.60
Sector
Specialized REITs
Category
value
Show full summary:
Third Avenue Real Estate Value Fund Portfolio Holding: Big Yellow Group Plc
BYG.L: UK REIT w/ 109 self-storage facilities (6.4M sq ft), mainly in London. Well-capitalized, LTV <15%. Founder-led, 10%+ annual cash flow growth potential. Trades at 7.5% cap rate, 0.7x P/B (10-yr low). 20% vacancy upside. Potential M&A target given private market valuations.
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