Safestore Holdings Grows Revenue 6.9% to £120.6 Million as Dividend Yield Reaches 4.92%
Updated
Updated · twelfthmagpie.com · Aug 16
Safestore Holdings Grows Revenue 6.9% to £120.6 Million as Dividend Yield Reaches 4.92%
1 articles · Updated · twelfthmagpie.com · Aug 16
Summary
£120.6 million in first-half revenue marked a 6.9% rise for Safestore in the six months to April, while its shares offered a 4.92% dividend yield.
16.8% like-for-like growth in non-UK income drove much of that expansion, reflecting Safestore’s push to replicate its UK self-storage model across underpenetrated European markets.
28 years of operating data and AI-led pricing are supporting rate decisions, with the company also seeing signs of improving momentum in its slower-growing UK core business.
£2 million to £3 million in higher net finance costs and a 29.1% loan-to-value ratio remain key risks as Safestore funds expansion, especially if interest rates stay elevated or rise again.
16 straight years of dividend increases strengthen Safestore’s appeal for income-focused investors seeking returns above the FTSE 100’s roughly 3% average yield.