Safestore (LON:SAFE) Releases Earnings Results

Safestore (LON:SAFE) issued its quarterly earnings results on Thursday. The company reported GBX 18.90 earnings per share for the quarter, Digital Look Earnings reports. Safestore had a return on equity of 4.88% and a net margin of 47.44%.The business had revenue of £120.60 million for the quarter.

Safestore Trading Up 1.8%

Shares of SAFE stock opened at GBX 617 on Friday. Safestore has a 1-year low of GBX 596 and a 1-year high of GBX 849.50. The stock’s fifty day simple moving average is GBX 657.47 and its 200-day simple moving average is GBX 712.66. The company has a market capitalization of £1.35 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 2.05 and a beta of 1.14.

Insider Activity

In other news, insider Simon Clinton acquired 6,166 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was acquired at an average cost of GBX 613 per share, for a total transaction of £37,797.58. Corporate insiders own 7.88% of the company’s stock.

About Safestore

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.