Shurgard falls after FY guidance cut

Shurgard Self Storage

12/08/2026 08:33

** Shares in Shurgard SHUR.BR fall 9% after the Belgian self-storage operator cut its annual outlook as expected H1 acceleration failed to materialise
** "An outlook downgrade too many," brokerage KBC writes in a note while also cutting its rating to "hold" from "buy"
** Broker added that the "market has been prepared for a weak reading, but it will take time before confidence in the financial performance returns"
** The company said the pace of acceleration had been slower than anticipated and is now guiding for annual revenue growth of between 3.5% and 4.5%, compared to 6%-8% previously
** "H1-26 was a clear disappointment," brokerage Jefferies says
** Up to the previous session's close, shares were down 13%​ YTD

 (Reporting by Hugo Lhomedet)
 ((hugo.lhomedet@thomsonreuters.com))