Safestore (SAFE) Share Price, News & Analysis

Company Overview

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 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), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle. Safestore operates more self storage sites inside the M25 and in central Paris than any competitor providing more proximity to customers in the wealthiest and more densely populated UK and French markets. Safestore was founded in the UK in 1998. It acquired the French business "Une Pièce 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 90,000 personal and business customers. As of 31 October 2023, Safestore had a maximum lettable area ("MLA") of 8.090 million sq ft (excluding the expansion pipeline stores) of which 6.231 million sq ft was occupied. Safestore employs around 750 people in the UK, Paris, Spain, the Netherlands, and Belgium.

Key Stats

• Today's Range: 731.50 to 759.50
• 50-Day Range: 746.50 to 921
• 52-Week Range: 723.50 to 930
• Volume: 22.16 million shs
• Average Volume: 604,806 shs
• Market Capitalization: £1.61 billion
• P/E Ratio: 610.30
• Dividend Yield: 4.06%
• Price Target: N/A
• Consensus Rating: N/A

SAFE Stock Analysis - Frequently Asked Questions

How have SAFE shares performed this year?

Safestore's stock was trading at GBX 884 at the start of the year. Since then, SAFE stock has decreased by 16.9% and is now trading at GBX 735.
View the best growth stocks for 2024 here.

How do I buy shares of Safestore?

Shares of SAFE stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
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What other stocks do shareholders of Safestore own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Safestore investors own include Big Yellow Group (BYG), Barclays (BARC), B&M European Value Retail (BME), Coats Group (COA), Ferrexpo (FXPO), GSK (GSK) and Hansteen (HSTN).

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Real Estate
• Industry: REIT—Industrial
• Sub-Industry: Trading
• Current Symbol: LON:SAFE
• CUSIP: N/A
• CIK: N/A
• Web: www.safestore.com
• Phone: +44-20-87321500
• Fax: N/A
• Employees: 120
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): GBX 1.21
• Trailing P/E Ratio: 607.02
• Forward P/E Ratio: 17.20
• P/E Growth: 2.05
• Net Income: £264.20 million
• Net Margins: 118.32%
• Pretax Margin: N/A
• Return on Equity: 13.58%
• Return on Assets: 2.81%

Debt

• Debt-to-Equity Ratio: 42.94
• Current Ratio: 0.42
• Quick Ratio: 0.90

Sales & Book Value

• Annual Sales: £223.30 million
• Price / Sales: 7.19
• Cash Flow: GBX 17.55 per share
• Price / Cash Flow: 41.85
• Book Value: GBX 935 per share
• Price / Book: 0.79

Miscellaneous

• Outstanding Shares: 218,490,000
• Free Float: N/A
• Market Cap: £1.60 billion
• Optionable: Not Optionable
• Beta: 0.86