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: 557.25 to 577.50
• 50-Day Range: 560.89 to 635.28
• 52-Week Range: 551.50 to 849.50
• Volume: 337,692 shs
• Average Volume: 2.33 million shs
• Market Capitalization: £1.23 billion
• P/E Ratio: 18.89
• Dividend Yield: 5.45%
• Price Target: GBX 709.33
• Consensus Rating: Moderate Buy

Safestore Stock Analysis - MarketRank™

Safestore scored higher than 92% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.9 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Safestore has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on no strong buy ratings, 2 buy ratings, 1 hold rating, and no sell ratings.

Upside Potential

Safestore has a consensus price target of GBX 709.33, representing about 26.5% upside from its current price of GBX 560.89.

Amount of Analyst Coverage

Safestore has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Safestore is 18.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Safestore is 18.89, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 28.72.

Price to Earnings Growth Ratio

Safestore has a PEG Ratio of 2.05. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Safestore has a P/B Ratio of 0.55. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SAFE.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Safestore is a leading dividend payer. It pays a dividend yield of 5.45%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Safestore does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Safestore is 103.37%. Payout ratios above 75% are not desirable because they may not be sustainable.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.58

News Sentiment

Safestore has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.95 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Safestore this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for SAFE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 4.5 / 5
• Insider Trading: Acquiring Shares

Cluster Insider Buying

2 insiders have purchased shares of Safestore in the last three months. Multiple insiders buying is a strong bullish signal.

Net Insider Buying

Over the last three months, insiders have purchased a net £247,228.64 in company stock, which represents 0.0202% of the company's market cap.

Insider Buying vs. Insider Selling

In the past three months, Safestore insiders have bought 277.58% more of their company's stock than they have sold. Specifically, they have bought £336,294.48 in company stock and sold £89,065.84 in company stock.

Percentage Held by Insiders

7.91% of the stock of Safestore is held by insiders.

Percentage Held by Institutions

56.91% of the stock of Safestore is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 6/11/2026
• Today: 9/07/2026

Industry, Sector and Symbol

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

Price Target and Rating

• Average Price Target for Safestore: GBX 709.33
• High Price Target: GBX 788
• Low Price Target: GBX 640
• Potential Upside/Downside: +26.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX 29.70
• Trailing P/E Ratio: 18.89
• Forward P/E Ratio: 13.14
• P/E Growth: 2.05
• Net Income: £263.67 million
• Net Margins: 26.93%
• Pretax Margin: N/A
• Return on Equity: 2.86%
• Return on Assets: 2.81%

Debt

• Debt-to-Equity Ratio: 49.06
• Current Ratio: 0.39
• Quick Ratio: 0.90

Sales & Book Value

• Annual Sales: £242.10 million
• Price / Sales: 5.06
• Cash Flow: GBX 13.40 per share
• Price / Cash Flow: 41.85
• Book Value: GBX 1,020.06 per share
• Price / Book: 0.55

Miscellaneous

• Outstanding Shares: 218,425,000
• Free Float: N/A
• Market Cap: £1.23 billion
• Optionable: Not Optionable
• Beta: 1.14