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Safestore Holdings (SAFE) investor relations material
Safestore Holdings Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary4 Sep, 2025
Executive summary
Group revenue for Q3 2025 rose 5.7% year-over-year at constant exchange rates, driven by both like-for-like (LFL) stores and new store openings across all markets.
LFL group revenue increased 3.4% year-over-year, with UK LFL revenue up 2.8%, Paris up 1.7%, and expansion markets up 13.0%.
Recently opened stores in Brussels and Paris contributed to growth, with the development pipeline on track to deliver over 700,000 sq ft in FY 2025.
Financial highlights
Total group revenue for Q3 2025 was £59.6m, up from £56.3m in Q3 2024; YTD revenue reached £172.4m, a 4.6% increase.
Average storage rate for the group in Q3 2025 was £29.96 per sq ft, up 1.8% year-over-year.
REVPAF (revenue per available square foot) for Q3 2025 was £27.48, down 0.4% year-over-year.
Group closing occupancy was 6.74 million sq ft (78.3% of CLA), up 4.5% in area but down 1.1ppt in percentage.
Outlook and guidance
EPS for FY 2025 is expected to be in line with consensus expectations of 40.2p per share.
Management remains confident in ongoing trading momentum and the delivery of the development pipeline.
What is the remaining FY25 development pipeline
Why is Paris LFL REVPAF declining?
What is the occupancy gap between total and LFL
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Next Safestore Holdings earnings date
H2 202513 Jan, 2026
Next Safestore Holdings earnings date
H2 202513 Jan, 2026
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Frequently asked questions
Safestore Holdings PLC is the largest self-storage company in the UK and the second largest in Europe. The company operates approximately 190 stores, including 133 in the UK, with a concentration in London and the Southeast, and 29 in the Paris region. It has expanded into other European markets, including Spain, the Netherlands, Belgium, and Germany through joint ventures. Safestore provides storage solutions to around 90,000 personal and business customers, with its total maximum lettable area reaching over 8 million square feet. The company is headquartered in Borehamwood, UK, and its shares are listed on the London Stock Exchange.
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