Safestore Holdings (SAFE)

Sector:

Real Estate

Index:

FTSE 250

665.50p
   
  • Change Today:
      12.00p
  • 52 Week High: 921.00
  • 52 Week Low: 529.00
  • Currency: UK Pounds
  • Shares Issued: 218.49m
  • Volume: 481,923
  • Market Cap: £1,454.05m
  • RiskGrade: 111

Safestore Q125 revenues grow

By Iain Gilbert

Date: Thursday 20 Feb 2025

LONDON (ShareCast) - (Sharecast News) - Self storage firm Safestore said on Thursday that it had delivered "improving like-for-like growth" across all markets during Q1, supported by growth from opened developments.
Safestore said total revenues were up 2.6% at £56.7m in Q125, while closing occupancy increased 4.1% to 6.36m square feet and maximum lettable area grew 8.2% to 8.90m square feet.

On a like-for-like basis, revenues were up 1.7% at £55.8m, closing occupancy was up 1.4%, and REVPAF improved 1.2%.

However, total group closing occupancy was down 2.8 points at 71.5%, average storage rates fell 1% to £29.76 and revenue per available square foot slipped 4.5% to £25.63.

Chief executive Frederic Vecchioli said: "We are pleased to see like-for-like occupancy in the UK continuing the improving trajectory we saw in the second half of last year led by strong domestic demand with space occupied by these customers closing the quarter 7.3% ahead of last year.

"Whilst there remain macroeconomic uncertainties, we are confident of the position of the group to realise the opportunities for growth across our markets from both our existing portfolio and our development pipeline."

As of 0900 GMT, Safestore shares were up 2.98% at 601.90p.











Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SAFE Market Data

Currency UK Pounds
Share Price 665.50p
Change Today 12.00p
% Change 1.84 %
52 Week High 921.00
52 Week Low 529.00
Volume 481,923
Shares Issued 218.49m
Market Cap £1,454.05m
RiskGrade 111

SAFE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.01% above the market average92.01% above the market average92.01% above the market average92.01% above the market average92.01% above the market average
94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average
Price Trend
28.02% below the market average28.02% below the market average28.02% below the market average28.02% below the market average28.02% below the market average
37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average37.14% below the sector average
Income
82.37% above the market average82.37% above the market average82.37% above the market average82.37% above the market average82.37% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
81.62% above the market average81.62% above the market average81.62% above the market average81.62% above the market average81.62% above the market average
57.58% above the sector average57.58% above the sector average57.58% above the sector average57.58% above the sector average57.58% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 7
Sell 1
Strong Sell 1
Total 13
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SAFE Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Jul-25 13-Mar-25
Paid 07-Aug-25 15-Apr-25
Amount 10.10p 20.40p

Trades for 17-Jul-2025

Time Volume / Share Price
15:59 1 @ 666.50p
16:35 215,062 @ 665.50p
16:35 550 @ 665.50p
16:35 243 @ 665.50p
16:35 167 @ 665.50p

SAFE Key Personnel

CEO Frederic Vecchioli
CFO Simon Clinton

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