Shurgard falls after soft Q1 earnings, macro environment clouds outlook

Shurgard Self Storage

14/05/2026 08:45

** Shares in Shurgard SHUR.BR fall 4.5% after Q1 showed stabilising revenue growth but lower earnings, as the self-storage firm warned the macroeconomic environment was very different now than when its guidance was set

** Shurgard confirms FY adjusted EPS guidance of 1.70-1.81 euros "for the time being"

** Same-store revenue growth stabilised at 1.2%, but underlying EBITDA fell 2.1% as higher real estate taxes were only partly offset by cost management

** EPRA earnings missed KBC Securities' estimates; the brokerage points to pressure in the UK market

** Up to Wednesday's close, the shares were down 13.8%​ YTD

(Reporting by Jerome Terroy)

((jerome.terroy@thomsonreuters.com))