Safestore stock stands at EUR 6.20, plus 0.00 percent, as outlook softens

Published on 09/29/2026 at 16:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Safestore stock was at EUR 6.20, plus 0.00 percent, at Lang & Schwarz on September 29, 2026. Q3 revenue rose 4.1 percent, while FY 2026 EPRA EPS is expected in the lower half of forecasts.

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Safestore Holdings plc (GB00B1N7Z094) stood at EUR 6.20 at Lang & Schwarz on September 29, 2026 at 4:39 p.m. CEST, unchanged at plus 0.00 percent versus the prior close of EUR 6.20. The latest operating update combines 4.1 percent group revenue growth with a softer earnings outlook.

Revenue grows while occupancy slips

For the quarter from May 1, 2026 to July 31, 2026, group revenue increased 4.1 percent at constant exchange rates, according to Safestore on September 3, 2026. Like-for-like group revenue rose 1.9 percent, with Expansion Markets up 11.6 percent, while Paris declined 2.5 percent.

The operational trade-off is visible in occupancy. Closing like-for-like occupancy was 79.6 percent, compared with 80.4 percent in Q3 2025, while one new Watford store added 57,500 square feet of maximum lettable area.

Analyst target moves lower

The earnings signal is more cautious than the revenue line. Safestore said adjusted diluted EPRA EPS for fiscal 2026 is expected in the lower half of the company compiled consensus range of 39.6 pence to 42.4 pence, with the midpoint at 41.4 pence, according to Safestore.

That caution was reinforced on September 16, 2026, when MarketScreener reported that Oddo BHF cut Safestore to Neutral and reduced its price target from GBp 840 to GBp 600. The change makes occupancy and the timing of new-store expansion central to the investment case, even as the company keeps its fiscal 2026 opening plan unchanged.

FTSE 250 listing keeps context clear

Safestore is listed on the main market of the London Stock Exchange and belongs to the FTSE 250, according to Safestore on September 29, 2026. Its business spans self-storage sites in the United Kingdom, Paris and other European expansion markets.

Safestore stock holds at EUR 6.20

Safestore stock was trading at EUR 6.20 at Lang & Schwarz on September 29, 2026 at 4:39 p.m. CEST, plus 0.00 percent versus the prior close of EUR 6.20 on September 28, 2026.