Safestore (LON:SAFE) Announces Quarterly Earnings Results

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

Safestore Trading Down 3.6%

SAFE stock opened at GBX 609 on Thursday. The stock’s fifty day simple moving average is GBX 658.04 and its two-hundred day simple moving average is GBX 713.30. Safestore has a 1-year low of GBX 598.50 and a 1-year high of GBX 849.50. The stock has a market cap of £1.33 billion, a P/E ratio of 12.04, a P/E/G ratio of 2.05 and a beta of 1.14.

Insiders Place Their Bets

In other Safestore news, insider Simon Clinton acquired 6,166 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were acquired 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.

About Safestore

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.