Safestore Holdings Plc

Safestore Holdings Plc

SAFE · LSE · Real Estate / REIT - Industrial

567.00GBX+6.00 (+1.07%)

Price History

Full chart

Market Stats

Previous Close561.00
Open556.00
Day Range556.00 – 567.00
52-Week Range499.40 – 811.64
Volume217.70K
Market Cap1.11B
P/E (TTM)16.87
Forward P/E12.99
EPS0.30
Dividend Yield6.09%
Beta1.14
50-Day Avg577.00
200-Day Avg662.20

About

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. In addition, the Group operates seven stores in Germany under a Joint Venture agreement with Carlyle and 12 stores in Italy under a Joint Venture agreement with Nuveen. Safestore was founded in the UK in 1998. It acquired the French business Une Piece en Plus (UPP) in 2004 which was founded in 1998 by the current Safestore Group CEO Frederic Vecchioli. Safestore has been listed on the London Stock Exchange since 2007. It entered the FTSE 250 index in October 2015. The Group provides storage to around 98,000 personal and business customers. As of 31 July 2025, Safestore had a maximum lettable area (MLA) of 9.18 million sq ft (excluding the expansion pipeline stores) of which 6.74 million sq ft was occupied. Safestore employs around 800 people across the Group. Safestore Holdings Plc was incorporated in 1998 in United Kingdom.

Company Details

  • SectorReal Estate
  • IndustryREIT - Industrial
  • CEOMr. Frederic Vecchioli
  • Employees850
  • HeadquartersBrittanic House, Borehamwood, United Kingdom, WD6 2BT, UK
  • Websitehttps://www.safestore.com

Leadership

  • Mr. Frederic VecchioliCEO & Director · b. 1966
  • Mr. Simon Arthur ClintonCFO & Director · b. 1973
  • David Gibson OrrCompany Secretary

Financials

Income Statement

Currency: GBP2005-10-312006-10-312007-10-312008-10-312009-10-312010-10-312011-10-312012-10-312013-10-312014-10-312015-10-312016-10-312017-10-312018-10-312019-10-312020-10-312021-10-312022-10-312023-10-312024-10-312025-10-31
Total Revenue52.93M64.31M74.30M82.88M84.43M89.21M95.06M98.84M96.10M97.90M104.80M115.40M129.90M143.90M151.80M162.30M186.80M212.50M224.20M223.50M234.30M
Growth (%)-+21.51%+15.53%+11.54%+1.88%+5.66%+6.55%+3.97%-2.77%+1.87%+7.05%+10.11%+12.56%+10.78%+5.49%+6.92%+15.10%+13.76%+5.51%-0.31%+4.83%
Cost of Revenue18.18M21.85M23.47M25.64M26.61M28.95M31.22M34.66M32.60M32.30M38.00M40.90M45.70M51.70M53.80M56.30M56.90M63.00M69.90M73.70M81.40M
Gross Profit34.74M42.46M50.83M57.23M57.83M60.26M63.84M64.17M63.50M65.60M66.80M74.50M84.20M92.20M98.00M106.00M129.90M149.50M154.30M149.80M152.90M
Gross Margin65.64%66.02%68.41%69.06%68.49%67.55%67.16%64.93%66.08%67.01%63.74%64.56%64.82%64.07%64.56%65.31%69.54%70.35%68.82%67.02%65.26%
Operating Expense-90.17M-47.52M-71.79M20.55M52.22M-6.65M33.89M47.35M15.90M13.10M11.50M11.20M12.40M16.70M17.90M19.70M28.70M26.00M-76.10M-276.00M19.20M
Operating Income124.92M89.98M122.62M36.69M5.61M66.92M29.95M16.82M47.60M52.50M55.30M63.30M71.80M75.50M80.10M86.30M101.20M123.50M230.40M425.80M133.70M
Operating Margin236.02%139.91%165.03%44.27%6.64%75.01%31.50%17.02%49.53%53.63%52.77%54.85%55.27%52.47%52.77%53.17%54.18%58.12%102.77%190.51%57.06%
EBITDA120.00K33.45M123.00K143.00K168.00K168.00K168.00K10.46M52.50M57.90M59.80M68.30M77.60M76.10M80.80M87.20M102.20M124.50M229.50M425.80M161.30M
EBITDA Margin0.23%52.01%0.17%0.17%0.20%0.19%0.18%10.59%54.63%59.14%57.06%59.19%59.74%52.88%53.23%53.73%54.71%58.59%102.36%190.51%68.84%
Net Income78.58M45.14M78.19M12.51M-265.00K26.34M13.03M-7.79M108.50M46.80M108.70M87.40M78.30M177.20M132.10M178.00M382.00M462.90M200.20M372.30M111.10M
Net Income Margin148.47%70.18%105.22%15.10%-0.31%29.52%13.71%-7.88%112.90%47.80%103.72%75.74%60.28%123.14%87.02%109.67%204.50%217.84%89.30%166.58%47.42%
R&D-----------0.820.611.290.971.222.172.350.93--
R&D as % of Total Revenue-----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense18.98M23.76M19.73M21.76M20.51M20.74M23.43M23.34M23.30M17.80M15.00M13.80M13.80M12.90M13.50M15.00M15.30M17.40M21.70M25.70M32.70M
Interest Expense % of Total Revenue35.86%36.94%26.55%26.26%24.29%23.25%24.65%23.61%24.25%18.18%14.31%11.96%10.62%8.96%8.89%9.24%8.19%8.19%9.68%11.50%13.96%

Balance Sheet

Currency: GBP2000-10-312001-10-312002-10-312003-10-312004-10-312005-10-312006-10-312007-10-312008-10-312009-10-312010-10-312011-10-312012-10-312013-10-312014-10-312015-10-312016-10-312017-10-312018-10-312019-10-312020-10-312021-10-312022-10-312023-10-312024-10-312025-10-31
Total Assets42.55M43.91M39.44M44.59M220.23M482.38M567.39M723.46M777.50M784.88M816.24M833.06M793.05M830.40M804.80M867.70M1.07B1.16B1.31B1.47B1.70B2.12B2.71B2.96B3.36B3.59B
Total Liabilities4.14M7.50M4.90M46.13M224.76M392.74M430.87M475.51M521.67M536.28M546.05M557.90M549.67M484.50M396.80M377.10M479.50M518.90M525.90M585.10M665.50M742.40M914.10M1.02B1.13B1.30B
Total Equity38.41M36.41M34.54M--89.63M136.52M247.94M255.83M248.59M270.19M275.16M243.38M345.90M408.00M490.60M587.40M637.70M788.60M885.90M1.04B1.37B1.79B1.94B2.23B2.29B
Cash16.54M6.75M1.18M4.26M16.77M8.94M6.12M18.58M11.14M26.35M15.48M14.67M6.90M15.80M15.30M13.80M5.40M65.60M10.50M33.20M19.60M43.20M20.90M16.90M25.30M11.00M
Total Debt-----275.46M290.13M308.12M354.79M370.34M378.64M399.56M401.11M398.60M315.60M296.60M374.60M419.80M426.00M476.50M531.70M567.00M719.20M827.20M924.80M1.07B
Net Debt-----266.51M284.01M289.54M343.64M343.99M363.16M384.89M394.21M382.80M300.30M282.80M369.20M354.20M415.50M443.30M512.10M523.80M698.30M810.30M899.50M1.06B

Cash Flow

Currency: GBP2005-10-312006-10-312007-10-312008-10-312009-10-312010-10-312011-10-312012-10-312013-10-312014-10-312015-10-312016-10-312017-10-312018-10-312019-10-312020-10-312021-10-312022-10-312023-10-312024-10-312025-10-31
Operating Cash Flow18.59M-35.00K187.45M21.12M24.08M27.62M25.25M30.46M29.00M31.40M41.40M47.00M55.60M60.60M66.60M75.70M97.00M109.80M98.00M95.90M99.90M
Investing Cash Flow-8.48M-20.66M-36.13M-51.70M-12.77M-22.84M-36.24M-21.50M-1.80M37.00M-4.90M-69.40M-12.80M-83.30M-49.90M-77.60M-66.20M-200.90M-124.20M-122.60M-142.10M
Financing Cash Flow-8.24M18.46M20.99M23.15M3.42M-15.35M10.11M-16.11M-18.50M-67.90M-37.70M12.40M17.60M-32.50M6.50M-12.00M-6.30M69.00M22.30M35.40M28.30M
Capital Expenditure9.79M27.30M198.00K357.00K215.00K227.00K1.61M21.50M200.00K300.00K500.00K800.00K600.00K800.00K39.60M61.20M63.40M96.20M121.90M120.10M3.10M
Free Cash Flow8.80M-27.33M187.25M20.76M23.87M27.39M23.63M8.96M28.80M31.10M40.90M46.20M55.00M59.80M27.00M14.50M33.60M13.60M-23.90M-24.20M96.80M
Dividends Paid--2.81M8.72M8.72M8.81M9.38M10.13M10.60M12.50M17.20M21.30M25.60M31.30M35.00M37.70M42.60M56.90M65.90M65.90M66.60M
FCF to OCF47.34%78085.71%99.89%98.31%99.11%99.18%93.61%29.42%99.31%99.04%98.79%98.30%98.92%98.68%40.54%19.15%34.64%12.39%-24.39%-25.23%96.90%
Dividend Paid to FCF--1.50%41.99%36.52%32.17%39.67%113.01%36.81%40.19%42.05%46.10%46.55%52.34%129.63%260.00%126.79%418.38%-275.73%-272.31%68.80%

Earnings

Report DateJan 30, 2014Jun 26, 2014Jan 22, 2015Jun 18, 2015Jan 9, 2017Feb 21, 2017Jun 15, 2017Sep 14, 2017Jan 9, 2018Feb 20, 2018Jun 14, 2018Sep 12, 2018Jan 8, 2019Feb 19, 2019Jun 18, 2019Sep 12, 2019Jan 7, 2020Feb 13, 2020Jun 18, 2020Sep 10, 2020Jan 14, 2021Feb 16, 2021Jun 17, 2021Sep 7, 2021Jan 13, 2022Feb 17, 2022Jun 21, 2022Sep 8, 2022Jan 17, 2023Feb 21, 2023Jun 14, 2023Sep 7, 2023Jan 17, 2024Mar 13, 2024Jun 12, 2024Feb 5, 2025Jun 10, 2025Jan 15, 2026Jan 14, 2027
EPS Estimate0.000.070.008.100.000.0010.700.000.000.000.000.000.000.000.000.000.000.00-0.00-0.00-0.000.000.0020.000.000.000.0023.700.000.000.000.210.00---
EPS Actual0.000.000.000.000.000.000.100.000.090.090.130.000.440.000.140.000.460.000.140.000.420.000.180.001.010.000.230.000.880.000.240.000.000.000.210.990.190.21-
Surprise--100.00%--100.00%---99.03%--------------------98.88%----99.00%---0.00%----
Timing------------------------Pre-market-Pre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hours--Pre-marketAfter-hoursPre-market

Key Statistics & Ratios

Market Cap1.11B
Enterprise Value2.25B
Trailing P/E16.87
Forward P/E12.99
Price / Sales4.48
Price / Book0.50
EPS0.30
Book Value10.41
Revenue (TTM)246.60M
Gross Profit (TTM)162.70M
EBITDA142.50M
Profit Margin26.44%
Operating Margin54.86%
Return on Equity2.87%
Return on Assets2.46%
Shares Outstanding218.43M
Shares Float214.73M
Beta1.14
Dividend Yield6.09%
Dividend Rate0.31
Payout Ratio146.67%

Dividends

20262×
0.10Jul 2, 20260.21Mar 12, 2026
20252×
0.10Jul 3, 20250.20Mar 13, 2025
20242×
0.10Jul 4, 20240.20Mar 7, 2024
20232×
0.10Jul 6, 20230.20Mar 2, 2023
20222×
0.09Jul 7, 20220.18Mar 3, 2022
20212×
0.07Jul 8, 20210.13Mar 4, 2021
20202×
0.06Jul 9, 20200.12Mar 5, 2020
20192×
0.06Jul 11, 20190.11Mar 7, 2019
20182×
0.05Jul 12, 20180.10Mar 8, 2018
20172×
0.04Jul 13, 20170.08Mar 9, 2017
20162×
0.04Jul 7, 20160.07Mar 10, 2016
20152×
0.03Jul 9, 20150.05Mar 12, 2015