Expansion And DevelopmentThe company has a fully-funded and ambitious development programme, set to deliver a c.15% increase in maximum lettable area, which is expected to drive earnings growth from next year.
Financial PerformanceSafestore has reported a good start to its financial year, with positive like-for-like performance metrics as occupancy and rate improved across most areas.
Strategic OpportunitiesSelf-storage is a structural growth story, with levels of penetration in Europe far lower than in the US and even the UK, which presents a strong opportunity for Safestore in its continued expansion into Europe.