Added to YB: 2025-12-01
Pitch date: 2025-11-27
SAFE.L [neutral]
Safestore Holdings Plc
-8.67%
current return
Author Info
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Company Info
Safestore is the UK's largest self-storage group with 210 stores on 31 July 2025; comprising 139 in the UK (including 78 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 32 in the Paris region, 16 in Spain, 16 in the Netherlands and seven in Belgium.
Market Cap
GBP 1.6B
Pitch Price
GBP 7.50
Price Target
N/A
Dividend
4.28%
EV/EBITDA
19.13
P/E
5.29
EV/Sales
11.31
Sector
Specialized REITs
Category
value
Safestore (SAFE UK): storage steady and expanding, but returns boxed in for now
SAFE.L (holding update): Q4 revenue +5% to £234M, UK leads w/ 3.3% growth & 6.6% rate increases showing pricing power. Expanding 4 new stores, 1.7M sq ft pipeline. Strategy working operationally but near-term EPS growth muted as new stores ramp & debt costs rise. Trades discount to NAV.
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