Safestore (LON:SAFE) Issues Earnings Results

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

Safestore Stock Performance

Shares of SAFE opened at GBX 620.50 on Thursday. The stock has a 50-day moving average of GBX 658.04 and a two-hundred day moving average of GBX 713.30. Safestore has a one year low of GBX 598.50 and a one year high of GBX 849.50. The stock has a market cap of £1.36 billion, a P/E ratio of 12.26, a P/E/G ratio of 2.05 and a beta of 1.14.

Insider Buying and Selling

In other news, insider Simon Clinton purchased 6,166 shares of the stock in a transaction on Monday, March 23rd. The stock was bought at an average price 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.