Safestore stock slips as Q3 revenue growth slows

Published on 09/14/2026 at 17:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Safestore stock fell 25% this year as UK like-for-like revenue rose 1.9% in Q3 to July 31, 2026. Deutsche Bank keeps a 700p target while Peel Hunt sees 640p.

Fotorealistische Aufnahme eines modernen Selfstorage-Gebäudekomplexes mit Rolltoren — Fotorealistisches Motiv eines modernen Selfstorage-Gebäudes veranschaulicht Safestore Holdings plc, ISIN GB00B1N7Z094, führenden britischen Self-Storage-Betreiber, Illustration mit AI erstellt.

Safestore stock (ISIN GB00B1N7Z094) traded at 551p on September 11, 2026, after a year-to-date decline of about 25%. The move comes as Safestore said in September 2026 that UK like-for-like revenue rose 1.9 percent in the third quarter to July 31, 2026, while its Paris estate fell 2.5 percent.

Revenue growth slowed

According to ii, Safestore said the overall growth rate was 1.9 percent in the quarter to July 31, 2026, compared with 3.5 percent in the first half of the year. The same report said adjusted earnings per share were expected in the lower half of City forecasts between 39.6p and 42.4p.

That combination matters for investors: the quarter still showed growth, but the pace weakened versus the first half, and the EPS range leaves less room than before. Safestore also said its European expansion markets grew 11.6 percent in the quarter, offsetting weaker Paris trading.

Broker targets stay low

According to ii, Deutsche Bank has a price target of 700p on Safestore stock, while Peel Hunt has an Add recommendation and a 640p valuation. The same article said chief executive Frederic Vecchioli bought shares at 551p, the same level cited for September 11, 2026.

The shares were listed on the London market since 2007 and joined the FTSE 250 in 2015, according to ii. A first. The current debate is less about expansion headlines and more about whether the 1.9 percent quarterly growth rate can reaccelerate.

Price and level

Safestore stock stood at 551p on September 11, 2026, with the move described as close to the previous close and with trading volume below more active recent sessions. The stock remains tied to UK self-storage demand and to financing and construction costs.