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

864

Headquarters

Luxembourg City, Luxembourg

SHUR Metrics

BasicAdvanced
€3.2B
5.62
€5.75
0.74
€0.82
2.54%

Bulls say / Bears say

Shurgard reported Q1 2025 property operating revenue of €111.6 million and underlying EBITDA of €57.5 million, evidencing strong top-line and margin expansion early in the year. (Reuters)
In FY 2024 Shurgard achieved 13.0% revenue growth and 12.2% underlying EBITDA expansion, and its development pipeline (about 30% of net rentable sqm) is projected to contribute about €100 million NOI per year at maturity. (Reuters)
Goldman Sachs initiated coverage of Shurgard at “buy”, citing growth potential from its clustered store strategy, secured pipeline projects and recent Lok’n’Store acquisition, also noting that shares trade at a 30% discount to its 2026 net tangible asset per share forecast. (Reuters)
Q1 2025 closing occupancy dipped to 86.0%, down 0.6 percentage points year-on-year, highlighting potential saturation and competitive pressures in key markets. (Reuters)
Shurgard’s net interest expenses are projected to rise to approximately €50 million in 2025 from €30.2 million in 2024, signaling a significant increase in financing costs that may impact earnings. (Reuters)
BNP Paribas Exane downgraded Shurgard to “Underperform” in January 2025, citing concerns about valuation and an expected slowdown in earnings growth given higher funding costs. (Nasdaq)
Data summarised monthly by Lightyear AI. Last updated on 2 Sept 2025.
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.

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Shurgard Self Storage Ltd
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€0.58Per share
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