Shurgard Self Storage Limited
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Marc Pierre Francois Oursin
- Full Time Employees
- 862
- Sector
- Finance
- Industry
- Real estate development
- Address
- PO Box 656, East Wing, Trafalgar Court, Les Banques St. Peters Port United Kingdom GY1 3PP
- IPO Date
- Oct 15, 2018
- Website
- shurgard.com
- Similar Companies
- Business
- Shurgard Self Storage Ltd is a Guernsey-based company that owns, develops, and operates self-storage facilities across Europe. It is the largest owner and operator of self-storage centers in the region, managing a portfolio of approximately 340 self-storage facilities and around 1.7 million net rentable square meters across seven countries: the United Kingdom, France, the Netherlands, Sweden, Germany, Belgium, and Denmark. The company provides a broad range of self-storage services primarily for business and personal use, including leasing storage units, sale of storage products and packaging, and insurance referrals for stored goods through an independent insurer. Shurgard operates through two main segments: same-store facilities and non-same-store facilities, supported by centralized in-house capabilities for design, development, acquisition, and property management. Founded in 1995, the company is headquartered in Saint Peter Port, Guernsey. Recent strategic developments include a significant expansion of its UK footprint through the acquisition of Lok’nStore in an all-cash deal valued at approximately £378 million completed in mid-2024. This transaction added 32 locations in the South East of England and five in Manchester, doubling Shurgard's UK presence and aligning with its strategy to concentrate on major urban centers. In Germany, Shurgard strengthened its market position by acquiring five properties from Prime Selfstorage GmbH in September 2024, adding about 31,300 net square meters to its footprint and reinforcing its number two position in Germany’s key cities. Earlier in 2024, Shurgard also completed the acquisition of Pickens Self-Storage properties in Germany and finalized multiple site acquisitions across its core European markets. The company has introduced a cluster store management model to improve operational efficiency, managing around 55% of its stores in clusters with remote management capabilities. Additionally, it has enhanced its digital platform to facilitate online and mobile rental processes, with about half of contracts now signed and paid for through its e-rental system. Shurgard also issued its first rated bond in 2024 following an investment-grade credit rating (BBB+), supporting its growth and acquisition strategy. Shurgard targets urban populations and businesses requiring flexible, secure, and accessible storage solutions in capital and primary cities within its operating countries. The company leverages its high-quality portfolio of mostly freehold and purpose-built facilities, emphasizing long-term customer relationships and operational efficiency. Its subsidiaries include entities operating in key markets such as Shurgard France SAS, Shurgard Nederland B.V., Shurgard UK Ltd, and Shurgard Sweden AB. The company reported revenue of approximately EUR 406 million and net income near EUR 403 million, employing over 800 people as of 2025. Shurgard continues to pursue growth through development, redevelopment, and acquisition, enhancing its position as a premier European self-storage provider.
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