Loading…
UK self-storage REIT operating storage facilities for consumers and businesses under the Big Yellow brand.
UK self-storage REIT operating storage facilities for consumers and businesses under the Big Yellow brand.
Rents storage space by the square foot on short rolling terms, so income depends on how full its stores are and the rent it can charge per square foot rather than long leases. Insurance charges on stored goods add ancillary income. It builds new stores, mainly in London and the south east, and lets them fill.
In one line: The UK's Public Storage / Extra Space Storage.
Moat: narrow (brand, scale, installed base). Well-located, purpose-built storage facilities and strong brand recognition in UK self-storage.
Headquarters: Bagshot, UK · Founded: 1998 · Employees: 482
Size Big Yellow (BYG.L) is a United Kingdom Real Estate company (Real Estate Investment Trusts) with a market value of $2.50B, the 147th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £950.00 on 6 Nov 2026.
Performance Over six months the shares gained 10.7%, against -5.4% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 2.2% over the last twelve months (peer median +6.0%); the operating margin is 62.4% (peer median 38.3%).
Valuation It trades at 0.72× book value against a peer median of 1.25× (3rd cheapest of 21).
Price implies The share price implies a return on equity of about 8.8%; Big Yellow delivers 4.8%, so the price asks more than the business earns today.
Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £209M | £209M | £204M | £200M | £189M |
| Revenue growth | — | +2% | +2% | +6% | — |
| Gross profit | £146M | £146M | £142M | £144M | £135M |
| EBITDA | £133M | £133M | £129M | £131M | £122M |
| Net income | £125M | £125M | £202M | £240M | £73.3M |
| Free cash flow | £8.05M | £8.05M | £56.3M | £73.9M | £5.56M |
| Capital expenditure | £101M | £101M | £58.3M | £30.9M | £106M |
| Total debt | n/a | £502M | £410M | £408M | £512M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Big Yellow BYG.L | $2.50B | +11% | +2% | 5% | 0.72× | 8.8% |
| Safestore SAFE.L | $1.67B | -13% | +7% | 3% | 0.55× | 8.4% |
| Public Storage PSA | $63.1B | +10% | +5% | 16% | 6.45× | 43.1% |
| Extra Space Storage EXR | $33.2B | +12% | +4% | 8% | 2.59× | 21.8% |
| CubeSmart CUBE | $10.1B | +11% | +3% | 13% | 4.06× | 30.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BYG.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.4% | +6.5% | highest of 21 |
| 6-month return | +10.7% | -5.4% | 8th highest of 21 |
| Return on equity | 4.8% | 3.3% | 10th highest of 21 |
| Price / book | 0.72× | 1.25× | 3rd cheapest of 21 |
| Trailing P/E | 15.0× | 21.5× | 4th cheapest of 18 |
| ROE the price implies | 8.8% | 10.0% | 7th least demanding of 21 |
| ROE delivered | 4.8% | 3.3% | 10th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Big Yellow BYG.L | United Kingdom | $2.50B | +11% | +2% | 5% | 0.72× | 8.8% | 4.8% |
| LTC Properties LTC | United States | $2.52B | +14% | +69% | 39% | 1.50× | 9.9% | 38.7% |
| CapitaLand Ascott Trust HMN.SI | Singapore | $2.55B | -6% | +5% | 7% | 0.74× | 4.7% | 6.5% |
| InvenTrust Properties IVT | United States | $2.46B | +1% | +13% | 2% | 1.38× | 11.0% | 1.6% |
| Four Corners Property Trust FCPT | United States | $2.57B | -7% | +10% | 8% | 1.58× | 12.2% | 7.5% |
| Urban Edge Properties UE | United States | $2.58B | -6% | +6% | 8% | 1.95× | 16.9% | 8.0% |
| Dream Industrial Real Estate Investment Trust DIR-UN.TO | Canada | $2.58B | -8% | +6% | 4% | 0.78× | 8.4% | 3.9% |
| Advance Residence Investment 3269.T | Japan | $2.42B | -18% | -4% | 7% | 1.54× | 5.8% | 7.3% |
| Japan Prime Realty Investment 8955.T | Japan | $2.37B | -7% | -13% | 7% | 1.31× | 5.2% | 6.8% |
| NETSTREIT NTST | United States | $2.37B | -9% | +27% | 1% | 1.18× | 10.0% | 1.3% |
| Pebblebrook Hotel Trust PEB | United States | $2.36B | +43% | +3% | -3% | 1.01× | 12.2% | -2.8% |
| Sunstone Hotel Investors SHO | United States | $2.33B | +19% | +7% | 3% | 1.42× | 12.8% | 2.7% |
| SmartStop Self Storage REIT SMA | United States | $2.31B | +20% | +21% | 2% | 1.86× | 9.3% | 2.4% |
| Acadia Realty Trust AKR | United States | $2.74B | -9% | 0% | 2% | 1.17× | 11.8% | 1.6% |
| Frasers Logistics & Commercial Trust BUOU.SI | Singapore | $2.76B | -6% | 0% | 5% | 0.82× | 4.2% | 5.1% |
| Dynex Capital DX | United States | $2.77B | -20% | +142% | -2% | 0.98× | 9.6% | -2.0% |
| Hammerson HMSO.L | United Kingdom | $2.80B | +13% | +92% | 11% | 0.90× | 18.4% | 10.6% |
| Crombie Real Estate Investment Trust CRR-UN.TO | Canada | $2.22B | -3% | +4% | -3% | 1.70× | 11.5% | -3.2% |
| Boardwalk Real Estate Investment Trust BEI-UN.TO | Canada | $2.21B | -5% | +3% | -1% | 0.66× | 6.0% | -1.0% |
| Derwent London DLN.L | United Kingdom | $2.87B | +15% | +45% | 1% | 0.62× | 10.0% | 1.4% |
| DiamondRock Hospitality DRH | United States | $2.88B | +30% | +2% | 11% | 1.86× | 16.4% | 10.6% |