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Safestore Holdings Plc (SAFE.L)

Real Estate Out of favour

Safestore lets people and businesses rent secure extra space by the week, month or year across hundreds of brightly lit storage facilities.

£6.16
≈ 616p · London-listed shares are usually quoted in pence (GBX) elsewhere; the Almanac shows pounds (£1 = 100p).

Is Safestore Holdings Plc a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Healthy gross margins around two-thirds of revenue. Worth weighing: Recent earnings dropped significantly year-on-year. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.

No rating · no target price · nothing for sale here
Price-23.7%
52-week range-8% past year
£6.16
Low £5.79High £8.49
Where today's price sits versus its past year - context, not a signal.
If you had put £1,000 into Safestore Holdings Plc
£763-24%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Safestore Holdings Plc actually fallen?

−43%

Over the last 2 years of daily prices, Safestore Holdings Plc fell as much as −43% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.

Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
£1.34B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
734.21K
Day range: The lowest and highest price the shares traded at during the latest day.
£6.09 – £6.18
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
£5.79 – £8.49
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
20.5
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
5.0%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.15
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.15
Calm
Wild
Roughly in step with the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +3% past week · ▼ -8% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

Urban populations get increasingly squeezed for space, driving permanent demand

The bear case

Lasting shifts in working habits reduce business storage needs

What does Safestore Holdings Plc do?

When people move house, clear out a spare room, or businesses need extra space for stock, they rent a locked unit inside one of Safestore's massive warehouses. The business makes money by collecting regular rental fees from thousands of individual customers month after month. Keep a close eye on how well they keep their storage units filled up, as empty rooms mean missed income.

VQGMI
Factor profile

On our factor screen it looks strongest on quality and income, and weakest on momentum.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 39Quality: How profitable and financially healthy the company is (higher = stronger). 58Growth: How fast revenue and earnings are growing (higher = faster). 36Momentum: How the share price has been trending recently (higher = stronger recent run). 16Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 49
Quick checks
What's strong
  • Healthy gross margins around two-thirds of revenue
  • Solid headline dividend yield for income-focused portfolios
  • Established market position in the self-storage sector
What to watch
  • Momentum screens low (16/100)
  • Property market downturns can reduce the recorded value of buildings
  • Higher interest rates make borrowing money to expand more expensive
  • Competitors opening nearby facilities could spark price competition

What do Safestore Holdings Plc's numbers mean?

P/E
20.5
This shows how much investors are paying for each pound of past yearly profit, giving a baseline price tag.
Around the middle of the 44 Real Estate shares we cover
Forward P/E
14.1
This looks ahead to estimate the price compared to expected future earnings, dropping lower if profits are predicted to rise.
Lower than most of the 48 Real Estate shares we cover
Dividend yield
5.0%
This tells you the annual cash payout distributed to shareholders as a percentage of the current share price.
Higher than most of the 48 Real Estate shares we cover
Market cap
£1.3B
This is the total market value of the entire company if you bought every single share on the stock exchange.

Does Safestore Holdings Plc pay a dividend?

Yes - Safestore Holdings Plc currently pays a dividend of about 5.0% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

What do the numbers say about Safestore Holdings Plc's dividend?

There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.

Dividend yield5.0%The yearly dividend as a percentage of today's price. A very high figure often means the price has fallen because the market expects a cut, so a big yield is a question to look into, not a prize.
Payout ratio103%The share of profit paid out as dividends. A lower figure leaves headroom; near or above 100% means most or all of the profit is going out as dividends.
Dividend cover1.0×Profit divided by the dividend (the payout ratio the other way up). As a rough convention many income investors like around 2× or more; below 1× means the company paid out more than it earned that year.

Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.

When does Safestore Holdings Plc report earnings, and how did recent quarters go?

Safestore Holdings Plc is next scheduled to report on about 2027-01-14 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Real Estate

Simon Property Group, Inc.Federal Realty Investment TrustHost Hotels & Resorts, Inc.VICI Properties Inc.Iron Mountain IncorporatedHealthpeak Properties, Inc.Regency Centers CorporationWelltower Inc.

What are the scenarios for Safestore Holdings Plc?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

£8£6£5today · £6▲ Bull · £7• Base · £6▼ Bear · £5in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+10% to +18%Occupancy rates tick higher and rental prices increase smoothly
Base
-3% to +5%Business ticks along steadily with stable customer demand
Bear
-12% to -20%Property values soften and customers cut back on renting extra space

What are the pros and cons of Safestore Holdings Plc?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Healthy gross margins around two-thirds of revenue
  • Solid headline dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone. for income-focused portfolios
  • Established market position in the self-storage sector
The catch3
  • Recent earnings dropped significantly year-on-year
  • Return on equity: How much profit the company makes for each £1 shareholders have put in. Higher usually means a more efficient business. is currently quite modest at under three percent
  • Share price has drifted downwards over the past twelve months
Key risks3
  • Property market downturns can reduce the recorded value of buildings
  • Higher interest rates make borrowing money to expand more expensive
  • Competitors opening nearby facilities could spark price competition
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: GBP · flags: none · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.