Want to see GB:SAFE full AI Analyst Report?
Top Page
Safestore Holdings
(LSE:SAFE)
Select Model
Select Model
Rating:68Neutral
Price Target:
668.00 p
▼(-7.22% Downside)
Action:Downgraded
Date:01/17/26
The score is driven mainly by solid balance-sheet positioning and recovering cash flow, offset by volatility in reported earnings and uneven free-cash-flow reliability. Technicals are positive but appear overbought, while valuation is fair with a supportive dividend.
Positive Factors
Balance sheet strength
A growing equity base and moderate leverage provide Safestore with durable financial flexibility. This balance-sheet positioning supports development spending, acquisitions and dividend coverage, and improves resilience to cyclical demand swings typical of real-estate platforms.
Negative Factors
Earnings volatility
Material year-to-year swings and non-recurring items make recurring earnings harder to assess, complicating dividend forecasting and capital allocation. For a REIT, persistent earnings volatility weakens investor visibility on sustainable distributable income and growth funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
A growing equity base and moderate leverage provide Safestore with durable financial flexibility. This balance-sheet positioning supports development spending, acquisitions and dividend coverage, and improves resilience to cyclical demand swings typical of real-estate platforms.
Read all positive factors
Safestore Holdings (SAFE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.34B
Dividend Yield4.25%
Average Volume (3M)592.40K
Price to Earnings (P/E)20.4
Beta (1Y)1.21
Revenue Growth6.65%
EPS Growth-77.89%
CountryUK
Employees804
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)N/A
Shares Outstanding218,490,500
10 Day Avg. Volume583,592
30 Day Avg. Volume592,400
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)0.68
Price to Sales (P/S)6.67
P/FCF Ratio16.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£785.25Price Target Upside9.06% Upside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Safestore Holdings Business Overview & Revenue Model
Company Description
Safestore, established in the UK in 1998, operates as the United Kingdom's foremost self-storage provider, overseeing a total of 163 facilities. Its significant domestic presence includes 125 wholly owned locations, with a strong concentration of ...
How the Company Makes Money
Safestore primarily earns revenue by renting self-storage space to customers on short- to medium-term agreements. The core revenue stream is recurring storage rental income, typically priced based on unit size, location, and occupancy, and billed ...
Safestore Holdings Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 242.10M | 234.30M | 223.50M | 224.20M | 212.50M | 186.80M |
| Gross Profit | 156.30M | 152.90M | 149.80M | 154.30M | 149.50M | 129.90M |
| EBITDA | 125.50M | 161.30M | 425.80M | 229.50M | 124.50M | 102.20M |
| Net Income | 65.20M | 111.10M | 372.30M | 200.20M | 462.90M | 382.00M |
Balance Sheet | ||||||
| Total Assets | 3.62B | 3.59B | 3.36B | 2.96B | 2.71B | 2.12B |
| Cash, Cash Equivalents and Short-Term Investments | 14.60M | 11.00M | 25.30M | 16.90M | 20.90M | 43.20M |
| Total Debt | 1.12B | 1.07B | 924.80M | 827.20M | 719.20M | 567.00M |
| Total Liabilities | 1.35B | 1.30B | 1.13B | 1.02B | 914.10M | 742.40M |
| Stockholders Equity | 2.27B | 2.29B | 2.23B | 1.94B | 1.79B | 1.37B |
Cash Flow | ||||||
| Free Cash Flow | 103.20M | 96.80M | -24.20M | -23.90M | 13.60M | 96.00M |
| Operating Cash Flow | 105.90M | 99.90M | 95.90M | 98.00M | 109.80M | 97.00M |
| Investing Cash Flow | -93.40M | -142.10M | -122.60M | -124.20M | -200.90M | -66.20M |
| Financing Cash Flow | -13.10M | 28.30M | 35.40M | 22.30M | 69.00M | -6.30M |
Safestore Holdings Technical Analysis
Negative
720.00
Price Trends
641.02
Negative
675.55
Negative
689.34
Negative
Market Momentum
-7.53
Negative
47.15
Neutral
65.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SAFE, the sentiment is Negative. The current price of 720 is above the 20-day moving average (MA) of 611.28, above the 50-day MA of 641.02, and above the 200-day MA of 689.34, indicating a neutral trend. The MACD of -7.53 indicates Negative momentum. The RSI at 47.15 is Neutral, neither overbought nor oversold. The STOCH value of 65.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SAFE.
Safestore Holdings Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £1.53B | 7.63 | 12.69% | 5.71% | 12.54% | 29.71% | |
69 Neutral | £1.96B | 9.71 | 11.77% | 4.33% | 73.32% | ― | |
68 Neutral | £1.34B | 20.43 | 2.86% | 4.25% | 6.65% | -77.89% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | £1.77B | 14.10 | 4.81% | 4.54% | 2.24% | -38.20% | |
63 Neutral | £2.16B | 13.57 | 4.48% | 3.93% | 39.97% | 39.03% | |
61 Neutral | £1.25B | 9.50 | 6.53% | 3.62% | -23.35% | 20.53% |
* Real Estate Sector Average
GB:SAFE
Safestore Holdings
613.00
-67.23
-9.88%
GB:BYG
Big Yellow Group
902.50
-79.24
-8.07%
GB:DLN
Derwent London plc REIT
1,941.00
-58.41
-2.92%
GB:GRI
Grainger
169.70
-42.43
-20.00%
GB:HMSO
Hammerson plc R.E.I.T.
369.80
82.84
28.87%
GB:SRE
Sirius Real Estate
96.70
2.12
2.24%
Safestore Holdings Corporate Events
Other
Safestore CEO Frederic Vecchioli Buys 50,000 Shares on London Stock Exchange
Positive
Jun 25, 2026
Safestore Holdings has disclosed that its chief executive officer, Frederic Vecchioli, purchased 50,000 ordinary shares in the company on 24 June 2026. The shares were acquired on the London Stock Exchange at a price of £6.0258 per share, rep...
Business Operations and StrategyDividendsFinancial Disclosures
Safestore returns to earnings growth as expansion pipeline boosts interim results
Positive
Jun 11, 2026
Safestore Holdings reported interim results for the half year to 30 April 2026 showing a solid trading performance and renewed earnings growth, as its programme of store expansion begins to feed through. Group revenue rose 5.6% at constant exchang...
Business Operations and StrategyFinancial Disclosures
Safestore Sets Date for Interim Results and Investor Webcast
Neutral
Apr 27, 2026
Safestore Holdings plc said it will publish its interim results for the six months to 30 April 2026 on 11 June 2026. The company will also host a live audio webcast for analysts and professional investors on the morning of the release, underscorin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.