Stock Data
$0.30 (1.88%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - DIVERSIFIED
Safestore stands as the UK's leading self-storage provider, boasting a robust presence with 190 stores across key European locations, including the UK, Paris, Spain, the Netherlands, and Belgium. Founded in 1998, it has grown significantly, especially after acquiring the French business 'Une Pièce en Plus' in 2004. Safestore distinguishes itself by offering a wide range of storage solutions to approximately 90,000 personal and business customers, ensuring proximity and convenience in densely populated and affluent areas. A member of the FTSE 250 index, Safestore employs about 750 people, demonstrating its substantial footprint in the self-storage industry.
Safehold beat on both fronts as ground lease revenue accelerated 22% year-over-year, buoyed by $150 million in fresh originations at a 7.4% yield and a strategic $348 million Brookfield joint venture on seven assets. The real estate finance platform now has $1.4 billion in liquidity with no debt maturities until 2029, positioning it to capitalize on a thickening pipeline in affordable housing ground leases.
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