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Analysts Expect Solid Self-Storage Performance From U.K’s Safestore


Although shares for Safestore Holdings have lost a third of their value since the beginning of 2010, analysts expect good things from U.K. company's half-year results, to be released this week.

Analysts anticipate a solid performance from the self-storage provider, with occupancy levels ahead of last year and higher rents. One of the reasons could be the company’s commercial customer base, which account for 30 percent of Safestore’s business.

The company recently underwent refinancing, and made a deal to manage self-storage facilities on behalf of Spacemaker, a third-party operator.

Source:  Times Online,  Inside the City: Safestore Secures Headroom

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