Expansion OpportunitiesSelf-storage is a structural growth story, with levels of penetration in Europe far lower than in the US and even the UK, which presents a strong opportunity for Safestore in its continued expansion into Europe.
Financial PerformanceSafestore has continued its expansion with developments, extensions, and its first investment in Italy, all of which in the long-term will drive future earnings growth.
Operational StrengthThe balance sheet has ample capacity with an LTV of just 25%, and management has an impressive track record of operational excellence.