Safestore Boosts Revenue and Expands Estate as Earnings Near Inflection Point

Safestore Holdings ( (GB:SAFE) ) has issued an update.

Safestore reported a solid operational performance for the year to 31 October 2025, with group revenue up 5% at constant exchange rates to £234.3m and like-for-like revenue up 3.1%, supported by positive trends across all geographies and particularly strong growth in its expansion markets. Underlying store EBITDAR rose 3.1% and cash generation remained robust, enabling a 1% increase in the dividend and modest growth in net asset value, although higher finance costs and much lower property revaluation gains drove a 4.2% decline in underlying profit before tax and a sharp fall in statutory profit. The group stepped up expansion, investing £80m to deliver its largest-ever annual organic space increase, growing maximum lettable area by 8% with 13 new stores and an extension, alongside a £38.9m joint venture investment in Italy, while continuing to roll out AI-driven tools to enhance pricing, marketing and sales. Management signalled that the heavy investment phase is beginning to translate into an “inflection point” for earnings, reiterating guidance that the existing pipeline and non-like-for-like stores should deliver £35–£40m of incremental EBITDA on stabilisation and expressing cautious optimism for a return to earnings growth in FY 2026, supported by a strong balance sheet, disciplined cost control and further planned capacity additions.

The most recent analyst rating on (GB:SAFE) stock is a Buy with a £810.00 price target. To see the full list of analyst forecasts on Safestore Holdings stock, see the GB:SAFE Stock Forecast page.

Spark’s Take on GB:SAFE Stock

According to Spark, TipRanks’ AI Analyst, GB:SAFE is a Outperform.

Safestore Holdings scores highly due to its strong technical indicators and attractive valuation, with a low P/E ratio and high dividend yield. While financial performance is solid, the recent dip in revenue and negative free cash flow are areas to monitor. The absence of earnings call data and corporate events does not impact the score significantly.

To see Spark’s full report on GB:SAFE stock, click here.

More about Safestore Holdings

Safestore Holdings is the UK’s largest self-storage group, operating 211 stores across the UK, France, Spain, the Netherlands and Belgium, with additional sites in Germany and Italy through joint ventures. Founded in 1998 and listed on the London Stock Exchange since 2007, the FTSE 250 company provides storage solutions to around 105,000 personal and business customers, supported by a technology-led operating model and a growing pan-European footprint.

Average Trading Volume: 460,001

Technical Sentiment Signal: Buy

Current Market Cap: £1.67B

Find detailed analytics on SAFE stock on TipRanks’ Stock Analysis page.