Safestore downgraded by Deutsche Bank as broker flags tougher trading

Finance Financial Services Written by: Ephrem Joseph 11:30 Wed 19 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ephrem Joseph Ephrem began his journalistic journey at Proactive in June 2021. With a strong academic background in Information Technology, his expertise particularly lies in the field of Cyber Security, Management Information Systems and Computer Forensics. Before joining Proactive, Ephrem worked as a researcher and lecturer at a number of leading universities, including the University of Portsmouth's Institute of Criminal Justice Studies, the University of Winchester’s Institute of Policing, and Jain... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Safestore Holdings ( LSE:SAFE ) View Price & Profile Safestore downgraded by Deutsche Bank as broker flags tougher trading Published: 11:30 19 Aug 2026 BST Safestore Holdings (LSE:SAFE) PLC has been downgraded by Deutsche Bank to ‘hold’ from ‘buy’, with the broker cutting its price target to 700p from 880p as it reassessed the outlook for the self-storage sector. Deutsche Bank pointed to tougher trading conditions and a weaker near-term operating backdrop, reducing its expectations for Safestore as demand and pricing conditions remain under pressure. The downgrade comes after Safestore reported first-half revenue of £120.6 million in June, up 6.9% year on year, supported by new-store openings and like-for-like growth across its portfolio. Adjusted diluted EPRA earnings per share rose 2.1%, while adjusted EBITDA reached £67.9 million. However, the broader sector backdrop has become more challenging, with investors increasingly focused on occupancy, rental-rate growth and the pace at which recently opened stores can mature. Safestore has continued expanding across the UK and continental Europe, with its development pipeline concentrated in supply-constrained markets including London and Paris. The reduced Deutsche Bank target still sits above recent trading levels, but the move to a neutral recommendation signals a more cautious view on the timing and strength of Safestore’s earnings recovery. The revised stance also highlights the importance of execution as Safestore works to fill new capacity. Continue reading