Balance Sheet Safestore Holdings Plc

Equities

SAFE

GB00B1N7Z094

Specialized REITs

Market Closed - London S.E. Other stock markets 16:35:23 15/01/2026 GMT			5-day change	1st Jan Change
817.50 ^GBX	+6.31%		+5.28%	+11.07%

01-15	Safestore ups dividend as revenue climbs after expansion of estate	AN
01-15	Safestore Holdings Plc Reports Earnings Results for the Full Year Ended October 31, 2025	CI

3868e0543a7f68544640c1edcedf.u_noq1zUmsJOfJKLTSQzn3yM4c1X1Kd6k0eL90qWfdI.8oi_yBu-8oosMqfFJGF6zQa9qLcCju4R-A35jhjkTqLRgZz9boHf9gxM_Q

Published financial data: SAFESTORE HOLDINGS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2020	2021	2022	2023	2024
Rental Revenues	162M	187M	212M	224M	223M
Other Revenues, Total	-	-	-300K	-	-
Total Revenues	162M	187M	212M	224M	223M
Property Expenses	56.3M	56.9M	63M	69.7M	73.5M
Selling General & Admin Expenses, Total	20.1M	32.1M	27M	17.7M	16.1M
Total Operating Expenses	76.4M	89M	90M	87.4M	89.6M
Operating Income (REIT / Utility Template)	85.9M	97.8M	122M	137M	134M
Interest Expense, Total	-15.8M	-13.8M	-17.4M	-21.7M	-27.3M
Interest and Investment Income	100K	100K	200K	100K	100K
Net Interest Expenses	-15.7M	-13.7M	-17.2M	-21.6M	-27.2M
Currency Exchange Gains (Loss)	200K	-100K	-	300K	-
Other Non Operating Income (Expenses)	1.2M	1.4M	1M	-1.3M	-
EBT, Excl. Unusual Items	71.6M	85.4M	106M	114M	107M
Total Merger & Related Restructuring Charges	-300K	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	126M	321M	382M	93.8M	292M
Legal Settlements	-	-	-	-200K	-200K
Other Unusual Items	100K	-1.9M	11.2M	-	-
EBT, Incl. Unusual Items	198M	405M	499M	208M	399M
Income Tax Expense	19.9M	22.6M	35.9M	7.6M	26.3M
Earnings From Continuing Operations	178M	382M	463M	200M	372M
Net Income to Company	178M	382M	463M	200M	372M
Net Income - (IS)	178M	382M	463M	200M	372M
Net Income to Common Incl Extra Items	178M	382M	463M	200M	372M
Net Income to Common Excl. Extra Items	178M	382M	463M	200M	372M
Per Share Items
Net EPS - Basic	0.85	1.81	2.19	0.92	1.71
Basic EPS - Continuing Operations	0.85	1.81	2.19	0.92	1.71
Basic Weighted Average Shares Outstanding	210M	211M	211M	217M	218M
Net EPS - Diluted	0.84	1.76	2.12	0.92	1.7
Diluted EPS - Continuing Operations	0.84	1.76	2.12	0.92	1.7
Diluted Weighted Average Shares Outstanding	212M	217M	218M	218M	219M
Normalized Basic EPS	0.21	0.25	0.31	0.33	0.31
Normalized Diluted EPS	0.21	0.25	0.3	0.33	0.3
Dividend Per Share	0.19	0.25	0.3	0.3	0.3
Payout Ratio	21.18	11.15	12.29	32.92	17.7
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	86.7M	98.7M	123M	138M	135M
EBITA	85.9M	97.8M	122M	137M	134M
EBIT	85.9M	97.8M	122M	137M	134M
EBITDAR	87M	99.1M	123M	139M	-
Effective Tax Rate - (Ratio)	10.06	5.59	7.2	3.66	6.6
Current Domestic Taxes	-	-	-	-	-
Current Foreign Taxes	2.8M	5.5M	6.1M	5.1M	4.3M
Total Current Taxes	2.8M	5.5M	6.1M	5.1M	4.3M
Deferred Foreign Taxes	17.1M	17.1M	29.8M	2.5M	-
Total Deferred Taxes	17.1M	17.1M	29.8M	2.5M	22M
Normalized Net Income	44.75M	53.38M	66.25M	71.38M	66.62M
Interest on Long-Term Debt	5.9M	5.6M	5.5M	11M	15.2M
Supplemental Operating Expense Items
General and Administrative Expenses	20.1M	32.1M	27M	17.7M	16.1M
Net Rental Expense, Total	300K	400K	300K	800K	-
Imputed Operating Lease Interest Expense	75.07K	80.27K	64.92K	180K	-
Imputed Operating Lease Depreciation	225K	320K	235K	620K	-
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	6.5M	18.3M	11.2M	3.5M	300K
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	6.5M	18.3M	11.2M	3.5M	300K

Fiscal Period: October	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	8.3M	9.2M	10.3M	13.2M	15.2M
Accumulated Depreciation	-5.1M	-6M	-6.9M	-8M	-9.5M
Net Property Plant And Equipment	3.2M	3.2M	3.4M	5.2M	5.7M
Total Real Estate Assets	3.2M	3.2M	3.4M	5.2M	5.7M
Cash And Equivalents	19.6M	43.2M	20.9M	16.9M	25.3M
Accounts Receivable, Total	12.3M	13.5M	15.1M	16M	15.3M
Other Receivables	2.7M	7.4M	8.9M	10.9M	8.3M
Investment In Debt and Equity Securities	-	-	-	-	-
Notes Receivable (Collected)	1.8M	2.7M	-	-	-
Other Current Assets, Total	7.1M	7.1M	9.2M	6.3M	9.5M
Deferred Tax Assets Long-Term (Collected)	200K	800K	800K	6.6M	6.3M
Other Long-Term Assets, Total	1.65B	2.04B	2.65B	2.9B	3.29B
Total Assets	1.7B	2.12B	2.71B	2.96B	3.36B
Liabilities
Current Portion of Long-Term Debt	-	200K	102M	44.5M	-
Current Portion of Leases	12.3M	12.3M	13.2M	13.1M	14M
Long-Term Debt	456M	485M	522M	681M	824M
Long-Term Leases	64.9M	70M	82.2M	88.3M	86.6M
Accounts Payable, Total	8M	22.7M	8M	9.4M	10.1M
Accrued Expenses, Total	20.1M	29M	31M	21.3M	20M
Current Income Taxes Payable	200K	300K	800K	400K	-
Unearned Revenue, Current	15.7M	17.6M	18.8M	18.8M	18.3M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	3.4M	6.5M	4.9M	2.9M	3.4M
Deferred Tax Liability Non-Current	85M	97M	129M	139M	155M
Other Non Current Liabilities	-	2.1M	2.4M	2.6M	2.3M
Total Liabilities	666M	742M	914M	1.02B	1.13B
Common Stock, Total	2.1M	2.1M	2.1M	2.2M	2.2M
Additional Paid In Capital	60.6M	61.3M	61.8M	62M	62.7M
Retained Earnings	958M	1.31B	1.72B	1.86B	2.16B
Comprehensive Income and Other	14.5M	5.1M	8.5M	12.7M	-2.4M
Total Common Equity	1.04B	1.37B	1.79B	1.94B	2.23B
Total Equity	1.04B	1.37B	1.79B	1.94B	2.23B
Total Liabilities And Equity	1.7B	2.12B	2.71B	2.96B	3.36B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	211M	211M	212M	218M	218M
ECS Total Common Shares Outstanding	211M	211M	212M	218M	218M
Book Value / Share	4.92	6.52	8.48	8.88	10.2
Tangible Book Value	1.04B	1.37B	1.79B	1.94B	2.23B
Tangible Book Value Per Share	4.92	6.52	8.48	8.88	10.2
Total Debt	533M	567M	719M	827M	925M
Net Debt	514M	524M	698M	810M	900M
Debt Equivalent Oper. Leases	2.4M	3.2M	2.4M	6.4M	-
Equity Method Investments, Total	5.3M	7.2M	1.8M	4.1M	6.6M
Account Code - Inventory Valuation	6	6	6	6	3
Inventories - Finished Goods, Total	400K	600K	300K	400K	-
Buildings, Total	800K	800K	1M	1.7M	1.9M
Machinery, Total	7.1M	8M	8.7M	10.9M	12.7M
Full Time Employees	658	648	751	753	804
Accumulated Allowance for Doubtful Accounts (Supple)	3.8M	4.3M	5.5M	5.8M	6.6M

Fiscal Period: October	2020	2021	2022	2023	2024
Net Income	178M	382M	463M	200M	372M
Depreciation, Depletion & Amortization	900K	1M	1M	1.3M	1.5M
Total Depreciation, Depletion & Amortization	900K	1M	1M	1.3M	1.5M
Amortization of Deferred Charges, Total	300K	400K	500K	1.3M	1.6M
Total Asset Writedown	-126M	-321M	-382M	-93.8M	-292M
(Income) Loss On Equity Investments - (CF)	-	-	300K	-	-
Stock-Based Compensation (CF)	4.7M	8.6M	8.6M	2.9M	-300K
Change in Accounts Receivable	-100K	-5.4M	100K	-1.4M	1.2M
Change In Inventories	-	-200K	200K	-	-
Change in Accounts Payable	4.3M	13.6M	-400K	-11.2M	-2.6M
Change in Other Net Operating Assets (Collected)	-	2.1M	300K	200K	-300K
Other Operating Activities	14.1M	16M	17.9M	-1.5M	14.7M
Cash from Operations	75.7M	97M	110M	98M	95.9M
Acquisition of Real Estate Assets, Total	-61.2M	-63.4M	-96.2M	-122M	-120M
Sale of Real Estate Assets, Total	100K	-	7.6M	-	-
Net Sale / Acquisition of Real Estate Assets	-61.1M	-63.4M	-88.6M	-122M	-120M
Cash Acquisitions	-14.3M	-	-112M	-	-
Investment in Marketable and Equity Securities, Total	-2.5M	-1.9M	-800K	-2.3M	-2.5M
Other Investing Activities, Total	300K	-900K	-	-	-
Cash from Investing	-77.6M	-66.2M	-201M	-124M	-123M
Long-Term Debt Issued, Total	57.5M	197M	266M	108M	174M
Total Debt Issued	57.5M	197M	266M	108M	174M
Long-Term Debt Repaid, Total	-31.3M	-160M	-142M	-15.9M	-71.9M
Total Debt Repaid	-31.3M	-160M	-142M	-15.9M	-71.9M
Issuance of Common Stock	-	700K	500K	200K	700K
Common Dividends Paid	-37.7M	-42.6M	-56.9M	-65.9M	-65.9M
Common & Preferred Stock Dividends Paid	-37.7M	-42.6M	-56.9M	-65.9M	-65.9M
Other Financing Activities, Total	-500K	-700K	1.7M	-4.5M	-1.3M
Cash from Financing	-12M	-6.3M	69M	22.3M	35.4M
Foreign Exchange Rate Adjustments	300K	-900K	-200K	-100K	-300K
Net Change in Cash	-13.6M	23.6M	-22.3M	-4M	8.4M
Supplemental Items
Cash Interest Paid	14.7M	14.1M	16.9M	24.9M	31.2M
Cash Income Tax Paid (Refund)	5.3M	5.4M	5.6M	5.5M	6.1M
Net Debt Issued / Repaid	26.2M	36.3M	124M	92.5M	102M
Levered Free Cash Flow	54.61M	94.1M	63.1M	67.34M	69.06M
Unlevered Free Cash Flow	64.19M	102M	73.48M	79.6M	84.52M
Change In Net Working Capital	-3.1M	-21.9M	15.1M	10.7M	900K

Fiscal Period: October	2020	2021	2022	2023	2024
Profitability
Return on Assets	3.38	3.2	3.17	3.02	2.65
Return on Total Capital	3.66	3.48	3.43	3.24	2.83
Return On Equity %	18.53	31.69	29.22	10.74	17.89
Return on Common Equity	18.53	31.69	29.22	10.74	17.89
Margin Analysis
Gross Profit Margin %	65.31	69.54	70.31	68.91	67.1
SG&A Margin	12.38	17.18	12.72	7.89	7.21
EBITDA Margin %	53.42	52.84	58.01	61.55	60.47
EBITA Margin %	52.93	52.36	57.59	61.02	59.89
EBIT Margin %	52.93	52.36	57.59	61.02	59.89
Income From Continuing Operations Margin %	109.67	204.5	218.14	89.3	166.65
Net Income Margin %	109.67	204.5	218.14	89.3	166.65
Net Avail. For Common Margin %	109.67	204.5	218.14	89.3	166.65
Normalized Net Income Margin	27.57	28.57	31.22	31.84	29.82
Levered Free Cash Flow Margin	33.65	50.37	29.74	30.03	30.91
Unlevered Free Cash Flow Margin	39.55	54.78	34.63	35.5	37.84
Asset Turnover
Asset Turnover	0.1	0.1	0.09	0.08	0.07
Fixed Assets Turnover	57.96	58.38	64.3	52.14	40.99
Receivables Turnover (Average Receivables)	13.41	14.48	14.86	14.42	14.27
Inventory Turnover (Average Inventory)	187.67	142.25	157.5	199.14	183.75
Short Term Liquidity
Current Ratio	0.73	0.83	0.3	0.45	0.89
Quick Ratio	0.58	0.72	0.25	0.4	0.74
Operating Cash Flow to Current Liabilities	1.27	1.09	0.62	0.89	1.46
Days Sales Outstanding (Average Receivables)	27.29	25.21	24.56	25.32	25.64
Days Outstanding Inventory (Average Inventory)	1.95	2.57	2.32	1.83	1.99
Average Days Payable Outstanding	43.56	98.12	89.22	45.49	48.55
Cash Conversion Cycle (Average Days)	-14.32	-70.35	-62.34	-18.35	-20.92
Long Term Solvency
Total Debt/Equity	51.48	41.25	40.1	42.75	41.53
Total Debt / Total Capital	33.98	29.21	28.62	29.95	29.34
LT Debt/Equity	50.29	40.34	33.7	39.77	40.9
Long-Term Debt / Total Capital	33.2	28.56	24.05	27.86	28.9
Total Liabilities / Total Assets	39.12	35.06	33.76	34.56	33.75
EBIT / Interest Expense	5.44	7.09	7.02	6.3	4.9
EBITDA / Interest Expense	5.49	7.16	7.08	6.36	4.96
(EBITDA - Capex) / Interest Expense	5.49	7.16	7.08	6.36	4.96
Total Debt / EBITDA	6.14	5.74	5.84	5.99	6.84
Net Debt / EBITDA	5.92	5.3	5.67	5.87	6.65
Total Debt / (EBITDA - Capex)	6.14	5.74	5.84	5.99	6.84
Net Debt / (EBITDA - Capex)	5.92	5.3	5.67	5.87	6.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.92	15.1	13.6	5.66	-0.36
Gross Profit, 1 Yr. Growth %	8.16	22.55	14.86	3.34	-3.04
EBITDA, 1 Yr. Growth %	7.3	13.84	24.72	11.83	-2.17
EBITA, 1 Yr. Growth %	7.24	13.85	24.95	11.67	-2.26
EBIT, 1 Yr. Growth %	7.24	13.85	24.95	11.67	-2.26
Earnings From Cont. Operations, 1 Yr. Growth %	34.75	114.61	21.18	-56.75	85.96
Net Income, 1 Yr. Growth %	34.75	114.61	21.18	-56.75	85.96
Diluted EPS Before Extra, 1 Yr. Growth %	34.19	110	20.41	-56.78	85.29
Normalized Net Income, 1 Yr. Growth %	11.35	19.27	24.12	7.43	-6.74
Net Property, Plant and Equip., 1 Yr. Growth %	33.33	0	6.25	52.94	9.62
Inventory, 1 Yr. Growth %	0	66.67	-40	33.33	0
Accounts Receivable, 1 Yr. Growth %	3.36	9.76	11.85	5.96	-4.38
Total Assets, 1 Yr. Growth %	15.64	24.47	27.88	9.21	13.67
Common Equity, 1 Yr. Growth %	16.9	32.76	30.44	7.9	15.07
Tangible Book Value, 1 Yr. Growth %	16.9	32.76	30.44	7.9	15.07
Cash From Operations, 1 Yr. Growth %	13.66	28.14	13.2	-10.75	-2.14
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	17.16	72.3	-32.27	6.4	2.47
Unlevered Free Cash Flow, 1 Yr. Growth %	14.29	59.42	-28.19	8.06	6.1
Dividend Per Share, 1 Yr. Growth %	6.29	34.95	18.72	1.01	1
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.2	10.93	14.34	9.55	2.61
Gross Profit, 2 Yr. CAGR %	7.22	15.13	18.64	9.06	0.13
EBITDA, 2 Yr. CAGR %	6.74	10.52	19.16	18.24	4.63
EBITA, 2 Yr. CAGR %	6.67	10.5	19.27	18.27	4.51
EBIT, 2 Yr. CAGR %	6.67	10.5	19.27	18.27	4.51
Earnings From Cont. Operations, 2 Yr. CAGR %	0.23	70.05	61.26	-27.61	-10.32
Net Income, 2 Yr. CAGR %	0.23	70.05	61.26	-27.61	-10.32
Diluted EPS Before Extra, 2 Yr. CAGR %	-0.12	67.87	59.01	-27.86	-10.51
Normalized Net Income, 2 Yr. CAGR %	6.44	15.25	21.67	15.64	0.14
Net Property, Plant and Equip., 2 Yr. CAGR %	20.6	15.47	3.08	27.48	29.48
Inventory, 2 Yr. CAGR %	22.47	29.1	0	-10.56	15.47
Accounts Receivable, 2 Yr. CAGR %	-4.55	6.51	10.8	8.87	0.66
Total Assets, 2 Yr. CAGR %	13.76	19.97	26.16	18.18	11.42
Common Equity, 2 Yr. CAGR %	14.6	24.58	31.6	18.64	11.43
Tangible Book Value, 2 Yr. CAGR %	14.6	24.58	31.6	18.64	11.43
Cash From Operations, 2 Yr. CAGR %	11.77	20.68	20.44	0.51	-6.54
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	12.52	42.08	7.49	-14.98	4.46
Unlevered Free Cash Flow, 2 Yr. CAGR %	12.42	34.98	6.99	-11.8	7.12
Dividend Per Share, 2 Yr. CAGR %	6.99	19.76	26.58	9.51	1
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.71	9.09	11.81	11.37	6.15
Gross Profit, 3 Yr. CAGR %	7.98	12.11	15.04	13.38	4.89
EBITDA, 3 Yr. CAGR %	3.77	9.05	15.07	16.76	11.03
EBITA, 3 Yr. CAGR %	6.16	9.01	15.12	16.78	11.01
EBIT, 3 Yr. CAGR %	6.16	9.01	15.12	16.78	11.01
Earnings From Cont. Operations, 3 Yr. CAGR %	31.49	29.18	51.89	4	-0.85
Net Income, 3 Yr. CAGR %	31.49	29.18	51.89	4	-0.85
Diluted EPS Before Extra, 3 Yr. CAGR %	31.08	27.96	50.27	3	-1.2
Normalized Net Income, 3 Yr. CAGR %	7.65	10.56	18.13	16.84	7.67
Net Property, Plant and Equip., 3 Yr. CAGR %	16.96	13.3	12.31	17.57	21.22
Inventory, 3 Yr. CAGR %	14.47	35.72	0	10.06	-7.17
Accounts Receivable, 3 Yr. CAGR %	1.39	0	8.26	9.16	4.26
Total Assets, 3 Yr. CAGR %	13.72	17.22	22.55	20.24	16.65
Common Equity, 3 Yr. CAGR %	17.54	20.36	26.5	23.17	17.44
Tangible Book Value, 3 Yr. CAGR %	17.54	20.36	26.5	23.17	17.44
Cash From Operations, 3 Yr. CAGR %	10.83	16.98	18.13	8.99	-0.38
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	6.07	29.69	10.62	7.23	-9.5
Unlevered Free Cash Flow, 3 Yr. CAGR %	6.41	26.3	9.37	7.44	-6.17
Dividend Per Share, 3 Yr. CAGR %	9.93	15.6	19.42	17.4	6.59
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.14	10.11	10.31	9.27	8.03
Gross Profit, 5 Yr. CAGR %	9.67	11.76	12.12	10.88	8.87
EBITDA, 5 Yr. CAGR %	7.71	7.64	9.67	12.64	10.83
EBITA, 5 Yr. CAGR %	9.21	9.09	11.22	12.62	10.81
EBIT, 5 Yr. CAGR %	9.21	9.09	11.22	12.62	10.81
Earnings From Cont. Operations, 5 Yr. CAGR %	10.37	34.31	42.67	2.47	23.03
Net Income, 5 Yr. CAGR %	10.37	34.31	42.67	2.47	23.03
Diluted EPS Before Extra, 5 Yr. CAGR %	10.07	33.44	41.61	1.74	22.13
Normalized Net Income, 5 Yr. CAGR %	12.75	11.8	13.05	12.56	10.64
Net Property, Plant and Equip., 5 Yr. CAGR %	14.87	9.86	11.2	18.77	18.89
Inventory, 5 Yr. CAGR %	8.45	20.11	8.45	14.87	5.92
Accounts Receivable, 5 Yr. CAGR %	5.08	3.81	5.06	3.46	5.15
Total Assets, 5 Yr. CAGR %	14.41	14.69	18.54	17.6	17.97
Common Equity, 5 Yr. CAGR %	16.12	18.54	22.97	19.67	20.24
Tangible Book Value, 5 Yr. CAGR %	16.12	18.54	22.97	19.67	20.24
Cash From Operations, 5 Yr. CAGR %	12.83	15.59	14.58	10.09	7.56
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	11.77	19.18	6.64	9.32	8.18
Unlevered Free Cash Flow, 5 Yr. CAGR %	9.19	15.93	6.64	9.4	8.52
Dividend Per Share, 5 Yr. CAGR %	14.02	16.59	16.31	13.12	11.68