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Safestore
Safestore (SAFE) investor relations material
Safestore Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 TU earnings summary19 Feb, 2026
Executive summary
Group revenue for Q1 2026 increased 6.3% year-over-year at constant exchange rates, with growth across all markets and contributions from both like-for-like and new stores.
Like-for-like group revenue rose 4.2% year-over-year, with UK up 2.7%, Paris up 4.1%, and Expansion Markets up 17.6%.
Three new stores opened since the start of the financial year, adding 173,500 sq ft of maximum lettable area.
Financial highlights
Total group revenue reached £61.2m, up from £56.7m, a 7.9% increase (6.3% at CER).
Average storage rate increased 4.8% to £31.19 per sq ft.
Revenue per available square foot (REVPAF) rose 5.5% to £28.15.
Closing occupancy increased 3.2% to 6.56 million sq ft, representing 75.9% of current lettable area.
Outlook and guidance
Five additional store openings are expected before the end of FY 2026, with the development pipeline on track.
Reason for UK large unit occupancy decline?
Explain Paris total vs LFL rate/occupancy trends.
Primary growth driver for Expansion Markets revenue?
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Next Safestore earnings date
H1 202616 Jun, 2026
Safestore
Next Safestore earnings date
H1 202616 Jun, 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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