Safestore Holdings (SAFE)

Sector:

Real Estate

Index:

FTSE 250

756.50p
   
  • Change Today:
    -17.00p
  • 52 Week High: 990.50
  • 52 Week Low: 653.00
  • Currency: UK Pounds
  • Shares Issued: 218.47m
  • Volume: 270,448
  • Market Cap: £1,652.73m
  • RiskGrade: 111

Safestore sees FY earnings 'slightly ahead' of consensus

By Frank Prenesti

Date: Tuesday 21 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Safestore Holdings said annual earnings would be slightly ahead of forecasts as it reported a rise in interim profits and lifted its dividend by a quarter.
The self-storage specialist said pre-tax profit for the six months to April 30 rose 70% to £285.2m while core earnings increased to £65.2m from £54.4m.

Revenue rose was up 15% to £101m. Net tangible assets per share were up to £7.93, from £5.90. The company forecast full-year diluted earnings per share at 47p a share, slightly above market analyst consensus forecasts of 45.9 pence.

Chief executive Frederic Vecchioli said the company "has the capability and discipline to mitigate likely cost inflation and deliver strong project returns".

The interim dividend was lifted to 9.4p a share, up from 7.5p a year earlier.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SAFE Market Data

Currency UK Pounds
Share Price 756.50p
Change Today -17.00p
% Change -2.20 %
52 Week High 990.50
52 Week Low 653.00
Volume 270,448
Shares Issued 218.47m
Market Cap £1,652.73m
RiskGrade 111

SAFE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
49.27% below the market average49.27% below the market average49.27% below the market average49.27% below the market average49.27% below the market average
74.36% below the sector average74.36% below the sector average74.36% below the sector average74.36% below the sector average74.36% below the sector average
Price Trend
19.04% below the market average19.04% below the market average19.04% below the market average19.04% below the market average19.04% below the market average
20.93% below the sector average20.93% below the sector average20.93% below the sector average20.93% below the sector average20.93% below the sector average
Income
32.50% above the market average32.50% above the market average32.50% above the market average32.50% above the market average32.50% above the market average
3.45% below the sector average3.45% below the sector average3.45% below the sector average3.45% below the sector average3.45% below the sector average
Growth
87.08% above the market average87.08% above the market average87.08% above the market average87.08% above the market average87.08% above the market average
94.87% above the sector average94.87% above the sector average94.87% above the sector average94.87% above the sector average94.87% above the sector average

What The Brokers Say

Strong Buy 5
Buy 3
Neutral 5
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SAFE Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Mar-24 06-Jul-23
Paid 09-Apr-24 10-Aug-23
Amount 20.20p 9.90p

Trades for 24-Apr-2024

Time Volume / Share Price
16:35 194,647 @ 756.50p
16:35 1,537 @ 756.50p
16:35 670 @ 756.50p
16:35 380 @ 756.50p
16:35 2,155 @ 756.50p

SAFE Key Personnel

CEO Frederic Vecchioli

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