Safestore Holdings Plc (SAFE)

Profile

https://www.safestore.com

Safestore Holdings Plc is the United Kingdom's largest self-storage group and Europe's second-largest provider, operating as a real estate investment trust (REIT). It owns and/or operates approximately 210 secure, accessible storage facilities across the UK, France, Spain, the Netherlands, Belgium, Germany, and recently Italy through joint ventures. The company's primary function is to provide flexible self-storage solutions for personal and business customers, including online retailers and multinational firms, with revenue mainly from locker rentals and ancillary sales like insurance and packaging. Safestore Holdings Plc focuses on prime, densely populated urban areas, particularly London and Southeast England, which generate the majority of its income, alongside strong contributions from Paris and expansion markets. Notable features include a robust development pipeline of over 30 projects adding significant rentable space, commitment to sustainability with top ESG ratings, and a history of strategic acquisitions since its 1998 founding and 2007 London Stock Exchange listing. With around 750 employees, it plays a key role in the industrial REIT sector by delivering resilient growth and high occupancy split evenly between individuals and businesses.