Safestore Holdings Reports Steady Q3 Growth

Safestore Holdings (GB:SAFE) has released an update.

Safestore Holdings has reported a stable third-quarter trading update for 2024, with a slight year-on-year revenue increase at constant exchange rates, excluding certain insurance premiums from the previous year. The company has expanded its portfolio by opening six new stores, adding significant lettable space, and is expecting full-year earnings to align with consensus forecasts. The UK market has shown improved occupancy rates, particularly in domestic space, as part of an ongoing positive trend, while European markets continue to demonstrate growth potential.

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