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Shurgard Self Storage Ltd/€SHUR

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About Shurgard Self Storage Ltd

Shurgard Self Storage Ltd. specializes in providing self-storage solutions for both individual and business clients across Europe. The company offers a range of storage units, along with ancillary services such as the sale of packing materials and insurance referrals. Founded in 1995, Shurgard has expanded its operations to seven countries: the Netherlands, France, Sweden, the United Kingdom, Belgium, Germany, and Denmark, operating over 330 self-storage centers. The company's strategic focus includes developing, redeveloping, and acquiring high-quality stores in urban areas with strong growth potential.
Ticker
€SHUR
Primary listing
BSE
Employees
821
Headquarters
St Peter Port, Guernsey

SHUR Metrics

BasicAdvanced
€2.5B
7.98
€3.09
0.83
€0.82
3.32%

What the Analysts think about SHUR

Analyst ratings (Buy, Hold, Sell) for Shurgard Self Storage Ltd stock.
Analyst projections of the future price of Shurgard Self Storage Ltd stock.

Bulls say / Bears say

Shurgard’s secured pipeline of 170,000 sq m is expected to add €35 million of NOI at maturity, and projects approved since February target 9–10% yields. This offers a visible source of longer-term growth if the new sites lease up as planned. (Stock Analysis)
Revenue growth improved in Q2: like-for-like growth rose to 2.5% from 2.2% in Q1, while the expanding non-same-store portfolio supported growth as recently opened sites ramped up. This suggests new capacity is beginning to contribute, despite slower-than-expected overall growth. (Stock Analysis, Inside Self Storage)
The balance sheet gives Shurgard capacity to keep investing: its H1 loan-to-value ratio was 23.7%, it had €70 million in cash and €570 million of undrawn revolving credit, and it retained its BBB+ rating. Management also maintained the annual cash dividend at €1.17 per share. (Stock Analysis)
Shurgard cut its 2026 revenue-growth outlook to 3.5–4.5% from 6–8%, lowered its EBITDA guidance and withdrew medium-term targets. The reset points to weaker trading and leaves less visibility on the pace of recovery. (Investing.com, Stock Analysis)
H1 occupancy averaged 83.6%, down 1.9 percentage points year on year, while NOI rose only 0.5% and adjusted EPRA earnings per share fell 5.7%. Higher operating costs and a larger share of stores still ramping up weighed on margins and earnings. (Yahoo Finance)
Aggressive pricing by competitors is making it harder to fill sites without sacrificing rent, particularly in the UK and France, while higher property taxes and other fixed costs add pressure. That combination could keep margins subdued even if occupancy improves. (Investing.com, Stock Analysis)
Data summarised monthly by Lightyear AI. Last updated on 1 Nov 2026.

SHUR Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

SHUR Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.