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 (EPS) for the quarter, Digital Look Earnings reports. Safestore had a return on equity of 2.86% and a net margin of 26.93%.The firm had revenue of £120.60 million during the quarter.

Safestore Price Performance

Shares of SAFE stock opened at GBX 614 on Friday. Safestore has a 52-week low of GBX 596 and a 52-week high of GBX 849.50. The company has a debt-to-equity ratio of 49.06, a quick ratio of 0.90 and a current ratio of 0.39. The firm has a market capitalization of £1.34 billion, a P/E ratio of 12.13, a P/E/G ratio of 2.05 and a beta of 1.14. The stock has a 50 day moving average price of GBX 656.83 and a 200 day moving average price of GBX 711.97.

Insider Activity

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

Safestore Company Profile

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.