Safestore Holdings

Safestore reported like‑for‑like revenue growth for the third quarter, but its shares fell after the company forecast adjusted diluted EPRA earnings per share for 2026 in the lower half of analysts' range. Group revenue rose to £62.2m, but occupancy fell to 77.5% and weighed on performance. The UK showed moderate space growth, expansion markets delivered strong growth, and Paris remained weak. Safestore says planned 2026 openings are on track but is reviewing the UK development pipeline for 2027–28. » Więcej na de.investing.com

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." » Więcej na 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. » Więcej na 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. » Więcej na de.investing.com

Safestore reports for FY 2025 a revenue rise of 5.0% to £234.3m and adjusted EBITDAR of £137.0m, while adjusted EPRA earnings per share fell 4.7% to 40.3p, mainly due to higher interest costs from expansion. Like-for-like occupancy rose to 81.2% and REVPAF increased 2.9% to £28.93. The company expanded its maximum rentable area by 13 sites (+677,600 sqft), secured a pipeline of 1.1m sqft and plans eight further sites for 2026; net debt rose to £1,058.6m with an LTV of 28.1%. Management calls the end of the intensive investment phase a “turning point” and expects a return to earnings growth in FY 2026; the annual dividend was raised to 30.7p. » Więcej na de.investing.com