Safestore Holdings (SAFE)

Sector:

Real Estate

Index:

FTSE 250

763.00p
   
  • Change Today:
      13.00p
  • 52 Week High: 990.50
  • 52 Week Low: 653.00
  • Currency: UK Pounds
  • Shares Issued: 218.47m
  • Volume: 220,332
  • Market Cap: £1,666.93m
  • RiskGrade: 111

Safestore revenues rise on strong storage rates

By Frank Prenesti

Date: Wednesday 14 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Safestore reported a rise in half-year revenues, driven by strong storage rates and demand, despite a fall in profits due to a lower gain in investment properties.
Group revenue grew 9% to £110m and like-for-like storage sales were up 4.3% to £87.3m.

Statutory profit before income tax of £103.4m was down from £285.2m in 2022 with a "robust" trading performance offset by the lower gain on investment properties of £47.3m, compared with a gain of £224m a year earlier.

"Enquiry levels in the UK, whilst significantly ahead of pre-pandemic levels, were slightly below prior year levels in the UK in May but have showed some improvement in June. In our continental European business, enquiry levels have been ahead of prior year in May and June," the company said.

Reporting by Frank Prenesti for Sharecast.com

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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 763.00p
Change Today 13.00p
% Change 1.73 %
52 Week High 990.50
52 Week Low 653.00
Volume 220,332
Shares Issued 218.47m
Market Cap £1,666.93m
RiskGrade 111

SAFE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.46% below the market average47.46% below the market average47.46% below the market average47.46% below the market average47.46% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Price Trend
21.47% below the market average21.47% below the market average21.47% below the market average21.47% below the market average21.47% below the market average
30.23% below the sector average30.23% below the sector average30.23% below the sector average30.23% below the sector average30.23% below the sector average
Income
35.42% above the market average35.42% above the market average35.42% above the market average35.42% above the market average35.42% above the market average
3.45% above the sector average3.45% above the sector average3.45% above the sector average3.45% above the sector average3.45% above the sector average
Growth
87.52% above the market average87.52% above the market average87.52% above the market average87.52% above the market average87.52% 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 26-Apr-2024

Time Volume / Share Price
16:35 166,636 @ 763.00p
16:35 175 @ 763.00p
16:35 335 @ 763.00p
16:35 56 @ 763.00p
16:35 65 @ 763.00p

SAFE Key Personnel

CEO Frederic Vecchioli

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