Safestore Holdings

Barclays has upgraded Safestore from "Equal Weight" to "Overweight" and set a 670 pence price target, saying it prefers Safestore despite occupancy headwinds and higher customer acquisition costs in the self‑storage sector. At the same time, Barclays downgraded Big Yellow, Shurgard and Unite to "Underweight" and cut earnings forecasts for those peers due to weaker medium‑term free cash flow prospects. The bank says the reweighting is based on a new valuation framework that places greater emphasis on free cash flow (80%) with supplementary dividend discounting and categorises European real estate stocks as "defensive growth." » Altro su de.investing.com

Safestore reports first-half revenue of £120.6m (+6.9%) and an adjusted, diluted EPRA earnings per share that rose 2.1%. Adjusted EBITDA was £67.9m, but operating profit fell sharply by 52.8% to £53.3m; profit before tax was £36.3m. Growth was driven by expansion with new locations and the conversion of larger storage units into higher‑yielding, smaller units; for 2026 the company expects, due to higher interest rates, EPS at the lower end of the consensus range and plans £86m of investment. » Altro su de.investing.com

Safestore published the annual accounts for the year ended 31 October 2025 and has called the annual general meeting for 18 March 2026 at 13:00 at Brittanic House in Borehamwood. The documents have been filed with the Financial Conduct Authority and will shortly be available for inspection via the National Storage Mechanism and on the company’s website. Shareholders can request paper copies by post and are asked to submit proxies electronically via signalshares.com, MUFG’s Vote+ app or CREST by no later than 16 March 2026 at 13:00. » Altro su de.investing.com