Safestore trims FY earnings outlook. Safestore stock falls 1.32 percent

Published on 10/05/2026 at 11:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue rose 4.40 percent to GBP 62.20 million. Safestore stock costs EUR 6.00 on October 5, 2026 versus EUR 6.08 prior close.

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Safestore (ISIN GB00B1N7Z094) was trading at EUR 6.00 at Lang & Schwarz on October 5, 2026 at 11:12 a.m. CEST, down 1.32 percent from the prior close of EUR 6.08. The company trimmed its fiscal 2026 earnings outlook after third-quarter revenue rose 4.40 percent year over year to GBP 62.20 million, according to Scottish Widows on September 3, 2026.

Lower earnings outlook meets revenue growth

Safestore expects adjusted diluted EPRA earnings per share for fiscal 2026 to land in the lower half of the analyst forecast range of GBp 39.60 to GBp 42.40. The range is anchored by a consensus figure of GBp 41.40, making the outlook weaker than the revenue trend despite continued expansion.

The operating mix explains the tension. Like-for-like group revenue increased 1.90 percent in the third quarter of 2026, while like-for-like closing occupancy declined to 79.60 percent from 80.40 percent a year earlier. Expansion markets were stronger, with like-for-like revenue up 11.60 percent, while French like-for-like revenue fell 2.50 percent, according to Your CAIO on September 16, 2026.

Analyst caution adds pressure

On September 16, 2026, Oddo BHF cut Safestore to Neutral and reduced its price target from GBp 840.00 to GBp 600.00, as reported by MarketScreener. The move contrasts with the companys expansion markets, but reinforces the market concern around occupancy and earnings conversion.

Safestore opened one Watford store during the third quarter of 2026, adding 57,500 square feet of maximum lettable area. Its remaining fiscal 2026 pipeline totals 167,100 square feet, keeping development active while management reviews the timing of its 2027 and 2028 UK projects.

Stock tests its yearly low

Safestore is a constituent of the FTSE 250 and its primary listing is on the London Stock Exchange. The primary-market range was GBp 500.50 to GBp 849.50 as of October 5, 2026, while market capitalization stood at GBP 1.1 billion on October 1, 2026. The Lang & Schwarz price of EUR 6.00 is consistent with a primary-market value near GBp 500.00 and places the stock near the lower end of that range.

For investors, the key comparison is revenue growth against earnings delivery: group revenue increased 4.40 percent in the third quarter of 2026, but management points to the lower half of the GBp 39.60 to GBp 42.40 earnings-per-share range. The further course of trading is shown by the continuously updated real-time quote of Safestore stock.