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UK's largest self-storage operator, providing storage units to consumers and businesses across the UK and Europe.
UK's largest self-storage operator, providing storage units to consumers and businesses across the UK and Europe.
Collects rent from customers who rent space on short, often monthly, agreements, so income depends on how full its stores are and the rent per square foot it can charge. It also sells insurance and packing materials. London and Paris are its biggest markets, and growth has come from building and buying stores.
In one line: The UK's Public Storage / Extra Space Storage.
Moat: narrow (scale, brand, installed base). Largest UK self-storage network with well-located facilities and strong brand recognition.
Headquarters: London, UK · Founded: 1998 · Employees: 858
Size Safestore (SAFE.L) is a United Kingdom Real Estate company (Real Estate Investment Trusts) with a market value of $1.67B, the 180th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £568.50 on 6 Nov 2026.
Performance Over six months the shares fell 13.1%, against -8.2% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue grew 6.7% over the last twelve months (peer median +1.8%); the operating margin is 55.2% (peer median 54.8%).
Valuation It trades at 0.55× book value against a peer median of 0.81× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 8.4%; Safestore delivers 2.9%, so the price asks more than the business earns today.
Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £242M | £234M | £223M | £224M | £212M |
| Revenue growth | — | +5% | 0% | +6% | — |
| Gross profit | £158M | £154M | £150M | £154M | £150M |
| EBITDA | £136M | £135M | £135M | £137M | £124M |
| Net income | £65.2M | £111M | £372M | £200M | £463M |
| Free cash flow | £103M | £96.8M | £94.1M | -£23.9M | £13.6M |
| Capital expenditure | £2.70M | £3.10M | £1.80M | £122M | £96.2M |
| Total debt | n/a | £1.07B | £925M | £827M | £719M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Safestore SAFE.L | $1.67B | -13% | +7% | 3% | 0.55× | 8.4% |
| Big Yellow BYG.L | $2.50B | +11% | +2% | 5% | 0.72× | 8.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SAFE.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.3% | +1.2% | highest of 21 |
| 6-month return | -13.1% | -8.2% | 8th lowest of 20 |
| Return on equity | 2.9% | 6.3% | 10th lowest of 20 |
| Price / book | 0.55× | 0.81× | 2nd cheapest of 21 |
| Trailing P/E | 19.2× | 12.7× | 4th most expensive of 13 |
| ROE the price implies | 8.4% | 7.3% | 10th most demanding of 21 |
| ROE delivered | 2.9% | 6.3% | 10th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Safestore SAFE.L | United Kingdom | $1.67B | -13% | +7% | 3% | 0.55× | 8.4% | 2.9% |
| Diversified Healthcare Trust DHC | United States | $1.70B | -17% | -4% | -9% | 1.11× | 18.0% | -9.5% |
| Douglas Emmett DEI | United States | $1.70B | -18% | +2% | -1% | 0.89× | 10.1% | -1.2% |
| HomeCo Daily Needs REIT HDN.AX | Australia | $1.71B | -2% | +4% | 11% | 0.76× | 8.5% | 11.4% |
| Eurocommercial Properties ECMPA.AS | Netherlands | $1.72B | -7% | +1% | 9% | 0.64× | 5.0% | 8.5% |
| Blackstone Digital Infrastructure Trust BXDC | United States | $1.61B | n/a | n/a | n/a | 0.83× | 7.3% | n/a |
| Daiwa Office Investment 8976.T | Japan | $1.74B | -12% | +24% | 6% | 1.13× | 4.7% | 6.3% |
| Mitsui Fudosan Accommodations Fund 3226.T | Japan | $1.75B | -16% | +18% | 9% | 1.79× | 6.3% | 8.6% |
| Charter Hall Retail REIT CQR.AX | Australia | $1.59B | +6% | +31% | 14% | 0.78× | 8.7% | 13.9% |
| Global Net Lease GNL | United States | $1.58B | -26% | -30% | -1% | 0.96× | 9.9% | -1.0% |
| Sekisui House Reit 3309.T | Japan | $1.78B | -23% | +5% | 7% | 0.97× | 5.3% | 7.4% |
| Charter Hall Long WALE REIT CLW.AX | Australia | $1.78B | +4% | +40% | 8% | 0.76× | 9.2% | 8.3% |
| Champion Real Estate Investment Trust 2778.HK | Hong Kong | $1.80B | -8% | -8% | -3% | 0.35× | 4.6% | -2.6% |
| H&R Real Estate Investment Trust HR-UN.TO | Canada | $1.80B | -10% | -6% | -13% | 0.60× | 6.3% | -12.8% |
| Supermarket Income REIT SUPR.L | United Kingdom | $1.54B | +4% | -7% | 8% | 0.94× | 9.1% | 7.8% |
| Japan Logistics Fund 8967.T | Japan | $1.52B | -8% | +3% | 9% | 1.70× | 6.6% | 9.4% |
| Innovative Industrial Properties IIPR | United States | $1.51B | -4% | -4% | 7% | 0.89× | 10.8% | 7.4% |
| Killam Apartment REIT KMP-UN.TO | Canada | $1.51B | -3% | +5% | 0% | 0.68× | 6.6% | 0.3% |
| Blackstone Mortgage Trust BXMT | United States | $1.85B | -42% | -2% | -12% | 0.65× | 7.3% | -11.7% |
| OUE Real Estate Investment Trust TS0U.SI | Singapore | $1.50B | -5% | +7% | 1% | 0.62× | 4.4% | 1.1% |
| ARMOUR Residential REIT ARR | United States | $1.87B | -29% | -140% | -2% | 0.80× | 10.2% | -2.3% |