Safestore's shares fell 4.9% to 582.35 pounds on Wednesday, extending declines that have seen the stock drop roughly 25% since March, as Deutsche Bank downgraded European self-storage operators including Safestore from "buy" to "hold".
Sonder rötta sinne, että az alacsonyabb értékelési pontszám a szektor általánosabb kihívásait tükrözi, beleértve a megfogyatkozó ingatlan közbeszerzéseket, a magas swap-kamatokat és a növekvő ingatlanadót, amelyek a brit ingatlan- és ömlesztett leltározási real estate investment trust (REIT) típusú pénzügyi termékek költségeit is megemelték. A Deutsche Bank kiemelte, hogy az agresszív árversenyzés volt a fő nyomóerő, ami a stabil kereslet ellenére csökkentette a bevételeket.
Analytici din banca au observat că, în timp ce rentabilitatea serviciilor de stocare auto oferă un "potencial semnificativ de creștere pe termen lung", performanța prețurilor acțiunilor pe termen scurt rămâne legată de creșterea profiturilor. Deutsche Bank a avertizat că este probabil să aibă loc mai multe downgrade-uri în lipsa unui catalizator clar în următorii 12 luni, adăugând că nivelurile de valoare actuale reflectă deja o parte semnificativă a riscurilor de scădere.
Safestore's stock has underperformed the FTSE All Share Index in recent months, trading significantly below its 200-day moving average and far from its 52-week high of 837 pence. Shurgard, another major player in the European self-storage market, has also declined by about 16% since March, underscoring broader sector weakness.
Deutsche Bank's move follows a period of rising interest rates that have compressed property valuations and increased financing costs for UK REITs, adding to the challenges faced by operators relying on transaction-linked revenue streams.
