Citi starts Shurgard with 'buy', citing growth prospects, attractive valuation

Shurgard Self Storage

23/09/2025 08:39

** Citigroup starts self-storage facilities operator Shurgard Self Storage SHUR.BR with "buy," seeing growth potential and attractive valuation

** The broker highlights the company's strong external growth potential, with around 1 billion euros ($1.18 billion) in planned investments expected to increase the portfolio size by approximately 50%

** Over five years, Citi forecasts Shurgard's revenue to rise by about 60%, EBITDA by 62%, and EPS by 42%, with EPS outperforming peers by about 20%, helped by lower-than-average debt ratios

** Shares in Shurgard rise 5.6%, on track for their best day since mid-Dec 2023

** Out of 17 analysts covering the stock, six rate it "strong buy" or "buy," ​ten "hold" and one rates it "sell" - LSEG data

($1 = 0.8478 euros)

(Reporting by Jérôme Terroy)

((jerome.terroy@thomsonreuters.com))