Oddo BHF cut target for Safestore stock to GBp 600.00

Published on 10/08/2026 at 16:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 4.40 percent to GBP 62.20 million in the third quarter of 2026. Safestore stock costs EUR 5.85 on October 8, 2026 versus EUR 5.95.

Key points in brief

Oddo BHF cut its Safestore target from GBp 840.00 to GBp 600.00 on September 16, 2026.
Third-quarter revenue rose 4.40 percent year over year to GBP 62.20 million.
Safestore stock was EUR 5.85 at Lang & Schwarz on October 8, 2026, down 1.68 percent from EUR 5.95.
The primary listing is on the LSE under ticker SAFE.L, with a 52-week range of GBp 486.60 to GBp 849.50.

Makrofoto eines metallischen Vorhängeschlosses mit sichtbarer Textur — Makroaufnahme eines Vorhängeschlosses zeigt Materialdetail typisch für Safestore Holdings plc, GB00B1N7Z094, im Self-Storage-Sicherheitssektor, Illustration mit AI erstellt.

Oddo BHF cut its Safestore stock target from GBp 840.00 to GBp 600.00 and moved to Neutral on September 16, 2026, according to Zonebourse. The decision followed Safestore's third-quarter revenue growth and its warning that adjusted diluted EPRA earnings per share for fiscal 2026 should land in the lower half of the analyst forecast range.

Three milestones shape the story

Safestore's financial calendar records full-year 2025 results on January 15, 2026, while the company reported a 5.00 percent increase in group revenue for that fiscal year on its investor-relations overview, according to Safestore.

On September 3, 2026, Safestore reported third-quarter revenue of GBP 62.20 million, up 4.40 percent year over year, according to Scottish Widows. The same report put like-for-like closing occupancy at 79.60 percent, down from 80.40 percent a year earlier, showing why revenue growth has not translated into a stronger earnings outlook.

Oddo BHF's September 16, 2026 target cut is the latest of the three milestones, reducing the target by 28.57 percent from GBp 840.00 to GBp 600.00. The change gives investors a sharper measure of the earnings caution than the top-line increase alone.

What does the earnings signal mean?

The operating picture is mixed rather than uniformly weak. Expansion markets delivered 11.60 percent like-for-like revenue growth in the third quarter of 2026, while France recorded a 2.50 percent like-for-like decline, according to Your CAIO.

Safestore also opened one Watford store during the quarter, adding 57,500 square feet of maximum lettable area, while its remaining fiscal 2026 pipeline totaled 167,100 square feet. The combination points to continued capacity expansion, but the 79.60 percent same-store occupancy figure keeps execution and pricing central to the earnings debate.

Key dates for Safestore

Safestore's financial calendar lists June 11, 2026 as the interim-results date, and Investing.com lists January 14, 2027 as the next earnings date. These dates frame the period in which the lower-half fiscal 2026 earnings expectation can be tested against trading performance.

Safestore stock remains below its yearly high

Safestore stock was trading at EUR 5.85 at Lang & Schwarz on October 8, 2026 at 4:35 p.m. CEST, down 1.68 percent versus the Lang & Schwarz prior close of EUR 5.95 on October 7, 2026. The primary LSE listing was last at GBp 493.40 on October 8, 2026 at 4:40 p.m. CEST, while its 52-week range was GBp 486.60 to GBp 849.50.

The further course of trading is shown by the continuously updated real-time quote of Safestore stock.