Added to YB: 2026-09-14
Pitch date: 2026-09-10
SHUR.BR [bullish]
Shurgard Self Storage Ltd
Author Info
No bio for this author
Company Info
Shurgard Self Storage Ltd, together with its subsidiaries, engages in the acquisition, development, and operation of self-storage facilities for business and personal use.
Market Cap
EUR 2.2B
Pitch Price
N/A
Price Target
54.00
Dividend
5.31%
EV/EBITDA
15.05
P/E
7.13
EV/Sales
8.64
Sector
Specialized REITs
Category
value
Shurgard: Over-Followed, But Misunderstood
SHUR.BR: Shurgard offers Europe’s largest self-storage platform at €23 per share versus €54 of NTA, a 57% discount, despite 23.7% LTV and €795m of liquidity. A move from 43% to 80% of constant NTA over seven years, plus the covered 5% dividend, yields a 12% base-case CAGR. Persistent competition, higher cap rates and development into softening markets could damage NTA.
Read full article (5 min)