Asia
Arealink's Hello Storage Utilization Rate Down to 78% in July
Arealink (TYO:8914) said the utilization rate at its Hello Storage facilities slipped to 78.2% at the end of July, down from 81.1% a year earlier, as newly opened sites continued to ramp up, according to a Thursday filing with the Tokyo Stock Exchange.Existing-facility utilization stood at 86.4%, compared with 89% a year earlier, while new facilities recorded a 48% usage rate, down from 52.1% a year earlier. Total units reached 136,422, with 106,096 in use.The company opened 28 new facilities in June, including locations in Tokyo, Kyoto, Chiba, Saitama, Aichi, Kyoto and Fukuoka. Partner-facility additions included two units. Four facilities were closed.
TYO:8914
