Shurgard Self-Storage Ltd. (SSSAF)

Profile

https://www.shurgard.com

Shurgard Self-Storage Ltd. is the largest owner and operator of self-storage facilities in Europe, specializing in the acquisition, development, and management of storage centers for personal and business use. Founded in 1995, the company provides flexible month-to-month leases across over 340 facilities, encompassing approximately 1.7 million net rentable square meters in seven countries: France, the Netherlands, the United Kingdom, Sweden, Germany, Belgium, and Denmark. With a primary focus on urban areas in capital and major cities—where about 93% of its stores are located—Shurgard caters to residential and commercial customers seeking secure storage solutions. It generates revenue through unit rentals, sales of storage products, packaging materials, and insurance referrals for stored goods. Operating via Same Stores (mature facilities) and Non-Same Stores segments, the company emphasizes growth through new developments, redevelopments, and acquisitions in cycle-resilient markets. Headquartered in Luxembourg with around 864 employees, Shurgard Self-Storage Ltd. plays a pivotal role in the European real estate sector as a specialized REIT, delivering consistent occupancy and rental rate increases.