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Safestore Holdings PLC - Hertfordshire, England-based self-storage provider with 205 stores in UK, France, Spain and Benelux - Revenue rises by 2.6% in the three months that ended January 31, Safestore’s financial first quarter, to £56.7 million from £55.3 million a year before. It is up 3.5% at constant currency rates. This is partly to do with an 8.2% increase in lettable area, as occupancy is down to 71.5% at the end of January from 74.3% a year before. On a like-for-like basis, however, occupancy is up to 75.9% from 74.5%. Like-for-like revenue growth is 1.7%, or 2.9% at constant currency, to £55.8 million from £54.8 million. Safestore opens six new stores during the quarter and completed one extension. It expects to open a further seven stores in the remainder of financial 2025. The company highlights 31% growth in total revenue from its ’expansion markets’ of Spain, the Netherlands and Belgium. Total revenue grows by 1.4% in the UK, its largest market, and 2.3% in Paris, its second largest. Current stock price: 596.50 pence, up 2.1% in London on Thursday 12-month change: down 26% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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