Safestore Shares Decline Amid Rising Revenue, Lowered EPS Forecasts

By EC Assets · Published 3 September 2026

Safestore shares fell as the company reported a rise in third-quarter revenue. The company's earnings per share (EPS) are now anticipated to be in the lower half of its forecasts. Safestore's pipeline for future openings stands at 1.1 million square feet. The estimated cost for this pipeline is £212 million, with £96 million already spent. Net debt for the company rose to approximately £1.1 billion following £105 million of new borrowings. This debt increase was used to fund growth. FY25 was the peak year for openings for Safestore. Broader market movements saw European shares edge higher as bond yields eased. Shares and bonds rallied as markets awaited signals from the Federal Reserve. The yen also jumped. The U.S. economy continued to expand, supported by relatively healthy private-sector demand. Despite geopolitical flare-ups, market tremors, and policy whiplash, the US economy keeps powering forward. Recession risk is low, Research's business cycle indicator. The S&P 500 closed the trading week ending Friday, 28 August 2026, at 7,711.76, an increase of 0.4% from the preceding week's close. This article is intended for informational purposes only. It does not constitute investment advice.