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BIG YELLOW SELF STORAGE Trading Statement Released : 13.01.2021 RNS Number : 4617L Big Yellow Group PLC 13 January 2021 13 January 2021 Big Yellow Group PLC ( " Big Yellow " or " the Group " ) Trading Statement The Board of Big Yellow Group PLC , the UK's brand leader in self storage , is pleased to provide the following update on trading for the third quarter ended 31 December 2020 . Results Store maximum lettable area ( " MLA " ) Closing occupancy ( sq ft ) Quarter ended Quarter ended 31 December 31 December Change 2020 4,913,000 4,074,000 2019 4,688,000 3,745,000 4.8 % 8.8 % Occupancy loss in the quarter ( sq ft ) Occupancy change year to date ( sq ft ) ( 32,000 ) ( 165,000 ) 133,000 sq ft 293,000 ( 65,000 ) 358,000 sq ft Closing occupancy ( % of MLA ) 82.9 % 79.9 % 3.0 ppts Like - for - like closing occupancy ( 1 ) 85.7 % 79.9 % 5.8 ppts Total revenue for the quarter £ 34.7m £ 32.3m 7.4 % Like - for - like store revenue for the quarter ( 2 ) £ 33.7m £ 31.6m 6.6 % Year to date total revenue £ 100.5m £ 96.6m 4.0 % Like - for - like store revenue year to date ( 2 ) £ 97.9m £ 94.3m 3.8 % Average achieved net rent per sq ft £ 28.01 £ 28.03 ( 0.1 % ) Closing net achieved rent per sq ft £ 28.40 £ 28.42 ( 0.1 % ) ( 1 ) Excluding Camberwell ( opened July 2020 ) , Bracknell ( opened September 2020 ) and Battersea ( opened November 2020 ) . ( 2 ) Like - for - like store revenue excludes Manchester ( opened May 2019 ) , Camberwell , Bracknell and Battersea . Business move - ins in the quarter were up 18 % compared to the prior year , with domestic move - ins up 11 % . Move - outs were down 1 % compared to the same quarter last year . The table below shows the monthly move - ins compared to the prior year . Month Move - ins Move - ins % 2020 Move - outs Move - outs % 2019 2020 2019 October 6,339 5,356 18 6,789 6,714 1 November 5,265 December 4,718 5,003 5 5,607 5,763 ( 3 ) 4,284 10 4,890 4,947 ( 1 ) Total 16,322 14,643 11 17,286 17,424 ( 1 ) In our seasonally weaker third quarter , occupancy decreased by 32,000 sq ft ( 0.7 % of the MLA at 31 December 2020 ) compared to a loss of 165,000 sq ft in the same quarter last year ( 3.5 % of the MLA at 31 December 2019 ) and a loss of 126,000 sq ft in 2018 ( 2.7 % of the MLA at 31 December 2018 ) . The table below shows the net occupancy movement compared to the prior quarter by customer type :