Cash flow Safestore Holdings Plc

Equities

SAFE

GB00B1N7Z094

Specialized REITs

Market Closed - London S.E. Other stock markets 16:35:05 13/02/2026 GMT			5-day change	1st Jan Change
794.50 ^GBX	+0.57%		-0.81%	+7.95%

02-10	BofA cuts Anglo American; LBBW cuts BT Group	AN
02-10	BP halts buybacks; AstraZeneca lifts annual earnings	AN

e6248208f65f5f22441090838a8e1c.HVBE9f7gQwHdl_1lN4lC15cC3kfWHCc2Q5S1EtUrxBs.VWESr6-0dU-zotAxdeEbvfxRlRS1cmIEcMzyIeIfr1ZSFTDBlboCU-Tilg

Published financial data: SAFESTORE HOLDINGS PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2021	2022	2023	2024	2025
Rental Revenues	187M	212M	224M	223M	234M
Other Revenues, Total	-	-300K	-	-	2.5M
Total Revenues	187M	212M	224M	223M	237M
Property Expenses	56.9M	63M	69.7M	73.9M	79.9M
Selling General & Admin Expenses, Total	32.1M	27M	17.7M	16.1M	20M
Total Operating Expenses	89M	90M	87.4M	90M	99.9M
Operating Income (REIT / Utility Template)	97.8M	122M	137M	133M	137M
Interest Expense, Total	-13.8M	-17.4M	-21.7M	-27.3M	-32.7M
Interest and Investment Income	100K	200K	100K	100K	500K
Net Interest Expenses	-13.7M	-17.2M	-21.6M	-27.2M	-32.2M
Currency Exchange Gains (Loss)	-100K	-	300K	-	-
Other Non Operating Income (Expenses)	1.4M	1M	-1.3M	-	-
EBT, Excl. Unusual Items	85.4M	106M	114M	106M	105M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	321M	382M	93.8M	292M	23.1M
Legal Settlements	-	-	-200K	200K	-
Other Unusual Items	-1.9M	11.2M	-	-	-700K
EBT, Incl. Unusual Items	405M	499M	208M	399M	127M
Income Tax Expense	22.6M	35.9M	7.6M	26.3M	16M
Earnings From Continuing Operations	382M	463M	200M	372M	111M
Net Income to Company	382M	463M	200M	372M	111M
Net Income - (IS)	382M	463M	200M	372M	111M
Net Income to Common Incl Extra Items	382M	463M	200M	372M	111M
Net Income to Common Excl. Extra Items	382M	463M	200M	372M	111M
Per Share Items
Net EPS - Basic	1.81	2.19	0.92	1.71	0.51
Basic EPS - Continuing Operations	1.81	2.19	0.92	1.71	0.51
Basic Weighted Average Shares Outstanding	211M	211M	217M	218M	218M
Net EPS - Diluted	1.76	2.12	0.92	1.7	0.51
Diluted EPS - Continuing Operations	1.76	2.12	0.92	1.7	0.51
Diluted Weighted Average Shares Outstanding	217M	218M	218M	219M	220M
Normalized Basic EPS	0.25	0.31	0.33	0.3	0.3
Normalized Diluted EPS	0.25	0.3	0.33	0.3	0.3
Dividend Per Share	0.25	0.3	0.3	0.3	0.31
Payout Ratio	11.15	12.29	32.92	17.7	59.95
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	98.7M	123M	138M	135M	138M
EBITA	97.8M	122M	137M	133M	137M
EBIT	97.8M	122M	137M	133M	137M
EBITDAR	99.1M	123M	139M	-	154M
Effective Tax Rate - (Ratio)	5.59	7.2	3.66	6.6	12.59
Current Foreign Taxes	5.5M	6.1M	5.1M	4.3M	4.4M
Total Current Taxes	5.5M	6.1M	5.1M	4.3M	4.4M
Deferred Foreign Taxes	17.1M	29.8M	2.5M	-	-
Total Deferred Taxes	17.1M	29.8M	2.5M	22M	11.6M
Normalized Net Income	53.38M	66.25M	71.38M	66.38M	65.44M
Interest Capitalized	-	-	-	7.8M	5.3M
Interest on Long-Term Debt	5.6M	5.5M	11M	35.1M	38M
Supplemental Operating Expense Items
General and Administrative Expenses	32.1M	27M	17.7M	16.1M	20M
Net Rental Expense, Total	400K	300K	800K	-	16.1M
Imputed Operating Lease Interest Expense	80.27K	64.92K	180K	-	4.91M
Imputed Operating Lease Depreciation	320K	235K	620K	-	11.19M
Maintenance & Repair Expenses, Total	-	-	-	-	-
Stock-Based Comp., G&A Exp. (Total)	18.3M	11.2M	3.5M	300K	1.1M
Stock-Based Comp., Other (Total)	-	-	-	-	900K
Total Stock-Based Compensation	18.3M	11.2M	3.5M	300K	2M

Fiscal Period: October	2021	2022	2023	2024	2025
Assets
Gross Property Plant And Equipment	9.2M	10.3M	13.2M	15.2M	18M
Accumulated Depreciation	-6M	-6.9M	-8M	-9.5M	-10.8M
Net Property Plant And Equipment	3.2M	3.4M	5.2M	5.7M	7.2M
Total Real Estate Assets	3.2M	3.4M	5.2M	5.7M	7.2M
Cash And Equivalents	43.2M	20.9M	16.9M	25.3M	11M
Accounts Receivable, Total	13.5M	15.1M	16M	15.3M	16.5M
Other Receivables	7.4M	8.9M	10.9M	8.3M	10M
Investment In Debt and Equity Securities	-	-	-	-	-
Notes Receivable (Collected)	2.7M	-	-	-	-
Other Current Assets, Total	7.1M	9.2M	6.3M	9.5M	6.5M
Deferred Tax Assets Long-Term (Collected)	800K	800K	6.6M	6.3M	8.8M
Other Long-Term Assets, Total	2.04B	2.65B	2.9B	3.29B	3.53B
Total Assets	2.12B	2.71B	2.96B	3.36B	3.59B
Liabilities
Current Portion of Long-Term Debt	200K	102M	44.5M	-	96.5M
Current Portion of Leases	12.3M	13.2M	13.1M	14M	15.4M
Long-Term Debt	485M	522M	681M	824M	862M
Long-Term Leases	70M	82.2M	88.3M	86.6M	96M
Accounts Payable, Total	22.7M	8M	9.4M	10.1M	6.7M
Accrued Expenses, Total	29M	31M	21.3M	20M	17.7M
Current Income Taxes Payable	300K	800K	400K	-	7.1M
Unearned Revenue, Current	17.6M	18.8M	18.8M	18.3M	18M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	6.5M	4.9M	2.9M	3.4M	4.5M
Deferred Tax Liability Non-Current	97M	129M	139M	155M	177M
Other Non Current Liabilities	2.1M	2.4M	2.6M	2.3M	2.3M
Total Liabilities	742M	914M	1.02B	1.13B	1.3B
Common Stock, Total	2.1M	2.1M	2.2M	2.2M	2.2M
Additional Paid In Capital	61.3M	61.8M	62M	62.7M	62.7M
Retained Earnings	1.31B	1.72B	1.86B	2.16B	2.21B
Comprehensive Income and Other	5.1M	8.5M	12.7M	-2.4M	12.7M
Total Common Equity	1.37B	1.79B	1.94B	2.23B	2.29B
Total Equity	1.37B	1.79B	1.94B	2.23B	2.29B
Total Liabilities And Equity	2.12B	2.71B	2.96B	3.36B	3.59B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	211M	212M	218M	218M	218M
ECS Total Common Shares Outstanding	211M	212M	218M	218M	218M
Book Value / Share	6.52	8.48	8.88	10.2	10.48
Tangible Book Value	1.37B	1.79B	1.94B	2.23B	2.29B
Tangible Book Value Per Share	6.52	8.48	8.88	10.2	10.48
Total Debt	567M	719M	827M	925M	1.07B
Net Debt	524M	698M	810M	900M	1.06B
Debt Equivalent Oper. Leases	3.2M	2.4M	6.4M	-	129M
Equity Method Investments, Total	7.2M	1.8M	4.1M	6.6M	50.9M
Account Code - Inventory Valuation	6	6	6	3	3
Inventories - Finished Goods, Total	600K	300K	400K	-	-
Buildings, Total	800K	1M	1.7M	1.9M	1.9M
Machinery, Total	8M	8.7M	10.9M	12.7M	15.3M
Full Time Employees	648	751	753	804	858
Accumulated Allowance for Doubtful Accounts (Supple)	4.3M	5.5M	5.8M	6.6M	8.7M

Fiscal Period: October	2021	2022	2023	2024	2025
Net Income	382M	463M	200M	372M	111M
Depreciation, Depletion & Amortization	1M	1M	1.3M	1.5M	1.5M
Total Depreciation, Depletion & Amortization	1M	1M	1.3M	1.5M	1.5M
Amortization of Deferred Charges, Total	400K	500K	1.3M	1.6M	1.4M
Total Asset Writedown	-321M	-382M	-93.8M	-292M	-23.1M
(Income) Loss On Equity Investments - (CF)	-	300K	-	-	-2.5M
Stock-Based Compensation (CF)	8.6M	8.6M	2.9M	-300K	2M
Change in Accounts Receivable	-5.4M	100K	-1.4M	1.2M	800K
Change In Inventories	-200K	200K	-	-	-
Change in Accounts Payable	13.6M	-400K	-11.2M	-2.6M	500K
Change in Other Net Operating Assets (Collected)	2.1M	300K	200K	-300K	-
Other Operating Activities	16M	17.9M	-1.5M	14.7M	8.2M
Cash from Operations	97M	110M	98M	95.9M	99.9M
Acquisition of Real Estate Assets, Total	-63.4M	-96.2M	-122M	-120M	-109M
Sale of Real Estate Assets, Total	-	7.6M	-	-	6M
Net Sale / Acquisition of Real Estate Assets	-63.4M	-88.6M	-122M	-120M	-103M
Cash Acquisitions	-	-112M	-	-	-
Investment in Marketable and Equity Securities, Total	-1.9M	-800K	-2.3M	-2.5M	-38.9M
Other Investing Activities, Total	-900K	-	-	-	-
Cash from Investing	-66.2M	-201M	-124M	-123M	-142M
Long-Term Debt Issued, Total	197M	266M	108M	174M	230M
Total Debt Issued	197M	266M	108M	174M	230M
Long-Term Debt Repaid, Total	-160M	-142M	-15.9M	-71.9M	-134M
Total Debt Repaid	-160M	-142M	-15.9M	-71.9M	-134M
Issuance of Common Stock	700K	500K	200K	700K	-
Common Dividends Paid	-42.6M	-56.9M	-65.9M	-65.9M	-66.6M
Common & Preferred Stock Dividends Paid	-42.6M	-56.9M	-65.9M	-65.9M	-66.6M
Other Financing Activities, Total	-700K	1.7M	-4.5M	-1.3M	-1.3M
Cash from Financing	-6.3M	69M	22.3M	35.4M	28.3M
Foreign Exchange Rate Adjustments	-900K	-200K	-100K	-300K	-400K
Net Change in Cash	23.6M	-22.3M	-4M	8.4M	-14.3M
Supplemental Items
Cash Interest Paid	14.1M	16.9M	24.9M	31.2M	35.3M
Cash Income Tax Paid (Refund)	5.4M	5.6M	5.5M	6.1M	3.6M
Net Debt Issued / Repaid	36.3M	124M	92.5M	102M	96.2M
Levered Free Cash Flow	94.1M	63.1M	67.34M	68.81M	72.32M
Unlevered Free Cash Flow	102M	73.48M	79.6M	84.28M	91.36M
Change In Net Working Capital	-21.9M	15.1M	10.7M	900K	-2.3M

Fiscal Period: October	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.2	3.17	3.02	2.64	2.46
Return on Total Capital	3.48	3.43	3.24	2.82	2.63
Return On Equity %	31.69	29.22	10.74	17.89	4.92
Return on Common Equity	31.69	29.22	10.74	17.89	4.92
Margin Analysis
Gross Profit Margin %	69.54	70.31	68.91	66.92	66.26
SG&A Margin	17.18	12.72	7.89	7.21	8.45
EBITDA Margin %	52.84	58.01	61.55	60.3	58.4
EBITA Margin %	52.36	57.59	61.02	59.71	57.81
EBIT Margin %	52.36	57.59	61.02	59.71	57.81
Income From Continuing Operations Margin %	204.5	218.14	89.3	166.65	46.92
Net Income Margin %	204.5	218.14	89.3	166.65	46.92
Net Avail. For Common Margin %	204.5	218.14	89.3	166.65	46.92
Normalized Net Income Margin	28.57	31.22	31.84	29.71	27.63
Levered Free Cash Flow Margin	50.37	29.74	30.03	30.8	30.54
Unlevered Free Cash Flow Margin	54.78	34.63	35.5	37.72	38.58
Asset Turnover
Asset Turnover	0.1	0.09	0.08	0.07	0.07
Fixed Assets Turnover	58.38	64.3	52.14	40.99	36.71
Receivables Turnover (Average Receivables)	14.48	14.86	14.42	14.27	14.74
Inventory Turnover (Average Inventory)	142.25	157.5	199.14	184.75	199.75
Short Term Liquidity
Current Ratio	0.83	0.3	0.45	0.89	0.27
Quick Ratio	0.72	0.25	0.4	0.74	0.23
Operating Cash Flow to Current Liabilities	1.09	0.62	0.89	1.46	0.6
Days Sales Outstanding (Average Receivables)	25.21	24.56	25.32	25.64	24.77
Days Outstanding Inventory (Average Inventory)	2.57	2.32	1.83	1.98	1.83
Average Days Payable Outstanding	98.12	89.22	45.49	48.29	38.37
Cash Conversion Cycle (Average Days)	-70.35	-62.34	-18.35	-20.67	-11.78
Long Term Solvency
Total Debt/Equity	41.25	40.1	42.75	41.53	46.74
Total Debt / Total Capital	29.21	28.62	29.95	29.34	31.85
LT Debt/Equity	40.34	33.7	39.77	40.9	41.85
Long-Term Debt / Total Capital	28.56	24.05	27.86	28.9	28.52
Total Liabilities / Total Assets	35.06	33.76	34.56	33.75	36.27
EBIT / Interest Expense	7.09	7.02	6.3	4.89	4.19
EBITDA / Interest Expense	7.16	7.08	6.36	4.94	4.23
(EBITDA - Capex) / Interest Expense	7.16	7.08	6.36	4.94	4.23
Total Debt / EBITDA	5.74	5.84	5.99	6.86	7.73
Net Debt / EBITDA	5.3	5.67	5.87	6.67	7.65
Total Debt / (EBITDA - Capex)	5.74	5.84	5.99	6.86	7.73
Net Debt / (EBITDA - Capex)	5.3	5.67	5.87	6.67	7.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.1	13.6	5.66	-0.36	6
Gross Profit, 1 Yr. Growth %	22.55	14.86	3.34	-3.3	4.95
EBITDA, 1 Yr. Growth %	13.84	24.72	11.83	-2.46	2.67
EBITA, 1 Yr. Growth %	13.85	24.95	11.67	-2.56	2.62
EBIT, 1 Yr. Growth %	13.85	24.95	11.67	-2.56	2.62
Earnings From Cont. Operations, 1 Yr. Growth %	114.61	21.18	-56.75	85.96	-70.16
Net Income, 1 Yr. Growth %	114.61	21.18	-56.75	85.96	-70.16
Diluted EPS Before Extra, 1 Yr. Growth %	110	20.41	-56.78	85.29	-70.25
Normalized Net Income, 1 Yr. Growth %	19.27	24.12	7.43	-7.09	-1.41
Net Property, Plant and Equip., 1 Yr. Growth %	0	6.25	52.94	9.62	26.32
Inventory, 1 Yr. Growth %	66.67	-40	33.33	0	0
Accounts Receivable, 1 Yr. Growth %	9.76	11.85	5.96	-4.38	7.84
Total Assets, 1 Yr. Growth %	24.47	27.88	9.21	13.67	6.84
Common Equity, 1 Yr. Growth %	32.76	30.44	7.9	15.07	2.77
Tangible Book Value, 1 Yr. Growth %	32.76	30.44	7.9	15.07	2.77
Cash From Operations, 1 Yr. Growth %	28.14	13.2	-10.75	-2.14	4.17
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	72.3	-32.27	6.4	2.1	6.03
Unlevered Free Cash Flow, 1 Yr. Growth %	59.42	-28.19	8.06	5.79	9.19
Dividend Per Share, 1 Yr. Growth %	34.95	18.72	1.01	1	0.99
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.93	14.34	9.55	2.61	2.77
Gross Profit, 2 Yr. CAGR %	15.13	18.64	9.06	0	0.74
EBITDA, 2 Yr. CAGR %	10.52	19.16	18.24	4.48	0.07
EBITA, 2 Yr. CAGR %	10.5	19.27	18.27	4.35	0
EBIT, 2 Yr. CAGR %	10.5	19.27	18.27	4.35	0
Earnings From Cont. Operations, 2 Yr. CAGR %	70.05	61.26	-27.61	-10.32	-25.51
Net Income, 2 Yr. CAGR %	70.05	61.26	-27.61	-10.32	-25.51
Diluted EPS Before Extra, 2 Yr. CAGR %	67.87	59.01	-27.86	-10.51	-25.76
Normalized Net Income, 2 Yr. CAGR %	15.25	21.67	15.64	-0.05	-4.29
Net Property, Plant and Equip., 2 Yr. CAGR %	15.47	3.08	27.48	29.48	17.67
Inventory, 2 Yr. CAGR %	29.1	0	-10.56	15.47	0
Accounts Receivable, 2 Yr. CAGR %	6.51	10.8	8.87	0.66	1.55
Total Assets, 2 Yr. CAGR %	19.97	26.16	18.18	11.42	10.2
Common Equity, 2 Yr. CAGR %	24.58	31.6	18.64	11.43	8.75
Tangible Book Value, 2 Yr. CAGR %	24.58	31.6	18.64	11.43	8.75
Cash From Operations, 2 Yr. CAGR %	20.68	20.44	0.51	-6.54	0.96
Capital Expenditures, 2 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	42.08	7.49	-14.98	4.27	3.59
Unlevered Free Cash Flow, 2 Yr. CAGR %	34.98	6.99	-11.8	6.96	7.09
Dividend Per Share, 2 Yr. CAGR %	19.76	26.58	9.51	1	0.99
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.09	11.81	11.37	6.15	3.72
Gross Profit, 3 Yr. CAGR %	12.11	15.04	13.38	4.8	1.62
EBITDA, 3 Yr. CAGR %	9.05	15.07	16.76	10.92	3.87
EBITA, 3 Yr. CAGR %	9.01	15.12	16.78	10.9	3.77
EBIT, 3 Yr. CAGR %	9.01	15.12	16.78	10.9	3.77
Earnings From Cont. Operations, 3 Yr. CAGR %	29.18	51.89	4	-0.85	-37.85
Net Income, 3 Yr. CAGR %	29.18	51.89	4	-0.85	-37.85
Diluted EPS Before Extra, 3 Yr. CAGR %	27.96	50.27	3	-1.2	-38.01
Normalized Net Income, 3 Yr. CAGR %	10.56	18.13	16.84	7.54	-0.5
Net Property, Plant and Equip., 3 Yr. CAGR %	13.3	12.31	17.57	21.22	28.42
Inventory, 3 Yr. CAGR %	35.72	0	10.06	-7.17	10.06
Accounts Receivable, 3 Yr. CAGR %	0	8.26	9.16	4.26	3
Total Assets, 3 Yr. CAGR %	17.22	22.55	20.24	16.65	9.87
Common Equity, 3 Yr. CAGR %	20.36	26.5	23.17	17.44	8.46
Tangible Book Value, 3 Yr. CAGR %	20.36	26.5	23.17	17.44	8.46
Cash From Operations, 3 Yr. CAGR %	16.98	18.13	8.99	-0.38	-3.1
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	29.69	10.62	7.23	-9.61	4.55
Unlevered Free Cash Flow, 3 Yr. CAGR %	26.3	9.37	7.44	-6.26	7.44
Dividend Per Share, 3 Yr. CAGR %	15.6	19.42	17.4	6.59	1
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	10.11	10.31	9.27	8.03	7.85
Gross Profit, 5 Yr. CAGR %	11.76	12.12	10.88	8.81	8.16
EBITDA, 5 Yr. CAGR %	7.64	9.67	12.64	10.76	9.79
EBITA, 5 Yr. CAGR %	9.09	11.22	12.62	10.74	9.77
EBIT, 5 Yr. CAGR %	9.09	11.22	12.62	10.74	9.77
Earnings From Cont. Operations, 5 Yr. CAGR %	34.31	42.67	2.47	23.03	-9
Net Income, 5 Yr. CAGR %	34.31	42.67	2.47	23.03	-9
Diluted EPS Before Extra, 5 Yr. CAGR %	33.44	41.61	1.74	22.13	-9.64
Normalized Net Income, 5 Yr. CAGR %	11.8	13.05	12.56	10.56	7.9
Net Property, Plant and Equip., 5 Yr. CAGR %	9.86	11.2	18.77	18.89	17.61
Inventory, 5 Yr. CAGR %	20.11	8.45	14.87	5.92	5.92
Accounts Receivable, 5 Yr. CAGR %	3.81	5.06	3.46	5.15	6.05
Total Assets, 5 Yr. CAGR %	14.69	18.54	17.6	17.97	16.12
Common Equity, 5 Yr. CAGR %	18.54	22.97	19.67	20.24	17.18
Tangible Book Value, 5 Yr. CAGR %	18.54	22.97	19.67	20.24	17.18
Cash From Operations, 5 Yr. CAGR %	15.59	14.58	10.09	7.56	5.7
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	19.18	6.64	9.32	8.1	5.78
Unlevered Free Cash Flow, 5 Yr. CAGR %	15.93	6.64	9.4	8.46	7.32
Dividend Per Share, 5 Yr. CAGR %	16.59	16.31	13.12	11.68	10.54