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Arealink's Hello Storage Utilization Rate Down to 78.5% in August

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Arealink (TYO:8914) said the utilization rate at its Hello Storage facilities slipped to 78.5% at the end of August, down from 81.1% a year earlier, as newly opened sites continued to ramp up, according to a Friday filing with the Tokyo Stock Exchange.

Existing-facility utilization stood at 86.52%, compared with 89% a year earlier, while new facilities recorded a 49.49% usage rate, down from 52.1% a year earlier. Total units reached 121,546, with 97,706 in use.

The company opened 15 new facilities in August, including locations in Tokyo, Hyogo, Saitama, Kyoto, Osaka, Chiba, and Gumma. Partner-facility additions included two units. Arealink closed two facilities.

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