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The latest update is out from Safestore Holdings ( (GB:SAFE) ).
Safestore Holdings reported a solid first quarter for 2025, with a 3.5% increase in group revenue at constant exchange rates, driven by growth in both like-for-like stores and new developments. The company added six new stores and one extension, contributing to a significant increase in maximum lettable area. The joint venture acquisition of Italy’s EasyBox marks an entry into the Italian market, highlighting potential growth opportunities due to low self-storage supply. Despite macroeconomic uncertainties, Safestore remains confident in its growth trajectory, supported by strong performance in expansion markets, particularly in Spain, and ongoing development projects.
More about Safestore Holdings
Safestore Holdings plc operates in the self-storage industry, offering storage solutions across various markets in Europe, including the UK, France, Spain, the Netherlands, and Belgium. The company focuses on expanding its portfolio through new developments and acquisitions, serving both domestic and business customers.
YTD Price Performance: -9.24%
Average Trading Volume: 707,572
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.29B
See more insights into SAFE stock on TipRanks’ Stock Analysis page.
