Real Estate Investment Trusts
Safestore is a self-storage property company and operator with a large portfolio of stores in the UK and continental Europe. It earns recurring rental income from individuals and businesses and expands through new developments, extensions and acquisitions.
Ownership and operation of self-storage centres, letting storage units, development of new sites, store extensions, acquisitions and management of selected joint-venture properties.
The UK is the core market, with significant operations in France and an expanding presence elsewhere in continental Europe including Benelux, Spain and Germany.
Occupancy, rental rates, revenue per available square foot, new-store openings, property development returns, urban population growth and cost control.
Property valuations, interest rates, weak consumer or small-business demand, development delays, construction costs, competition and foreign exchange.
11 June 2026: first-half revenue rose 6.9% to £120.6m and underlying profit before tax increased 2.3% to £44.6m. The development pipeline remains important to longer-term growth, while occupancy, pricing and returns from the expanding European estate will be key through 2027.
Safestore has a progressive dividend record and distributions include both ordinary dividends and Property Income Distributions. The FY2025 final dividend totalled 20.6p per share and was paid on 14 April 2026; the 2026 interim was about 10.2p per share, ex-dividend 2 July and paid 6 August.
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