Added to YB: 2025-04-24
Pitch date: 2025-03-08
SAFE.L [bullish]
Safestore Holdings Plc
+18.52%
current return
Author Info
No bio for this author
Company Info
Safestore is the UK's largest self-storage group with 210 stores on 31 July 2025; comprising 139 in the UK (including 78 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), 32 in the Paris region, 16 in Spain, 16 in the Netherlands and seven in Belgium.
Market Cap
GBP 1.6B
Pitch Price
GBP 5.76
Price Target
900.00 (+13077%)
Dividend
4.28%
EV/EBITDA
19.13
P/E
5.29
EV/Sales
11.31
Sector
Specialized REITs
Category
value
Safestore Holdings Plc - $SAFE.L
SAFE.L: European self-storage REIT at 6% cap rate/16x AFFO, 50% below peak. Investing in 25%+ GLA expansion causing J-curve EPS drag. Superior business model: high margins, low capex, sticky customers, 15% 10yr EPS CAGR. Catalysts: earnings inflection, Access Storage sale resolution, PE interest (Carlyle/Nuveen partnerships). 50% upside to GBp 900.
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