Shurgard Self Storage Ltd

ENXTBR:SHUR Stock Report

Market Cap: €2.6b

Shurgard Self Storage Future Growth

Future criteria checks 0/6

Shurgard Self Storage's earnings are forecast to decline at 14.2% per annum while its annual revenue is expected to grow at 6.2% per year. EPS is expected to decline by 19.2% per annum. Return on equity is forecast to be 3.9% in 3 years.

Key information

-14.2%

Earnings growth rate

-19.24%

EPS growth rate

Specialized REITs earnings growth8.2%
Revenue growth rate6.2%
Future return on equity3.89%
Analyst coverage

Good

Last updated15 Jul 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 18

SHUR: Reset Expectations And Neutral Ratings Will Support Medium-Term Share Price Upside

The analyst price target for Shurgard Self Storage has been reset from about €39.53 to €34.70, reflecting a cluster of recent cuts from banks that cite updated assumptions on growth, profitability and valuation multiples. Analyst Commentary Recent research on Shurgard Self Storage highlights a reset in expectations around growth, profitability and valuation, with several banks trimming their price targets and staying in the middle of the rating spectrum.
Narrative Update • Jun 03

SHUR: Higher Discount Rate And Mixed Ratings Will Shape Future Risk Reward

Analysts have trimmed the Shurgard Self Storage price target to about €27.50 from €30.00, reflecting updated assumptions for revenue growth, discount rate and future P/E following a series of mixed target cuts and upgrades across the Street. Analyst Commentary Recent Street research on Shurgard Self Storage shows a mixed but cautious tone, with several bearish analysts trimming price targets while a few larger banks have moved to more constructive ratings.
Narrative Update • Apr 23

SHUR: Mixed Rating Shifts And 2026 Margin Assumptions Will Shape Risk Reward

Analysts have trimmed the Shurgard Self Storage price target to €34, reflecting updated views on valuation, a higher assumed P/E and changes to margins seen in recent research. Analyst Commentary Recent research on Shurgard Self Storage has been mixed, with several firms revisiting their assumptions on valuation, margin potential and execution risk.
Narrative Update • Apr 09

SHUR: Mixed Rating Shifts And 2026 Guidance Will Shape Future Risk Reward

Narrative Update The analyst price target for Shurgard Self Storage is now framed in a tighter €33 to €37 range, reflecting mixed views, where some analysts cite valuation support for upgrades while others trim targets, such as the move to €34. Analyst Commentary Recent research on Shurgard Self Storage sends a mixed message, with some price targets framed in the mid €30s and ratings split between more constructive and more cautious views.
Narrative Update • Mar 25

SHUR: Higher Margin Outlook And Lower P/E Multiple Will Drive Future Upside Potential

Analysts have trimmed the base case fair value estimate for Shurgard Self Storage to €30 from €35, reflecting updated assumptions on discount rates, growth and margins, along with recent price target changes that now cluster around the low to mid €30s. Analyst Commentary Recent research updates show a mixed but increasingly cautious tone around Shurgard Self Storage, with price targets now clustering in the low to mid €30s and ratings split between more constructive and more guarded views.
Narrative Update • Mar 08

SHUR: Mixed Broker Views Will Still Support Upside From 2026 Guidance

Analysts have slightly adjusted their view on Shurgard Self Storage, trimming the price target from about €39.70 to roughly €39.53 as they factor in updated assumptions on revenue growth, profit margin and future P/E, while weighing mixed recent broker ratings. Analyst Commentary Bullish and cautious voices are both active around Shurgard Self Storage, and the recent price target trim to about €39.53 sits between the newer views.
Narrative Update • Feb 22

SHUR: Higher Discount Rate Will Still Support Upside From Resilient Demand

Analysts have trimmed their price target for Shurgard Self Storage slightly to about €39.70, reflecting updated views on discount rates, profit margins and future P/E following recent research, including a downgrade at Kepler Cheuvreux. Analyst Commentary Recent research around Shurgard Self Storage has led to a modest reset in expectations, with the trimmed price target reflecting updated assumptions rather than a single red flag.
Narrative Update • Feb 06

SHUR: Higher Margin Outlook And Lower P/E Multiple Will Support Upside Potential

Analysts have increased their price target for Shurgard Self Storage from €32.00 to €35.00, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that they consider a better reflection of the company’s current risk and return profile. Valuation Changes Fair Value: revised from €32.00 to €35.00, representing a modest uplift in the assessed share value.
Narrative Update • Jan 09

SHUR: Discount Rate And Future P/E Assumptions Will Shape A Fairly Valued Path

Analysts have lifted their price target on Shurgard Self Storage to €32.0 from €32.0, citing slightly adjusted assumptions around the discount rate, revenue growth, profit margin and future P/E that together refine, rather than overhaul, their view on the shares. Valuation Changes Fair Value: Unchanged at €32.0 per share, indicating the overall valuation anchor is stable.
Narrative Update • Dec 26

SHUR: Future Earnings Multiple And Margins Will Define A Fairly Valued Path

Analysts have modestly raised their price target on Shurgard Self Storage to €32.00 from €32.00. This reflects slightly higher revenue growth expectations and a richer future P E multiple that more than offsets a small downward revision in forecast profit margins.
Narrative Update • Dec 12

SHUR: Risk Profile And Profitability Will Shape A Fairly Valued Outlook

Analysts have trimmed their price target on Shurgard Self Storage by approximately €1 to €32. This reflects a slightly higher perceived risk profile and more conservative expectations for revenue growth and profitability.
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New Narrative • Dec 18

Strategic Expansion Boosts Revenue, But Financing And Dilution Could Pressure Earnings Growth

Strategic acquisitions and expansion projects are driving strong revenue growth and expanding operating income capacity notably.
Analysis Article • Oct 07

Is It Time To Consider Buying Shurgard Self Storage S.A. (EBR:SHUR)?

While Shurgard Self Storage S.A. ( EBR:SHUR ) might not be the most widely known stock at the moment, it received a lot...

Earnings and Revenue Growth Forecasts

ENXTBR:SHUR - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028543383862829
12/31/20275113725425110
12/31/20264782633921410
12/31/2025451598212216N/A
9/30/2025446582217221N/A
6/30/2025440566222227N/A
3/31/2025423485213218N/A
12/31/2024407403204209N/A
9/30/2024390404185189N/A
6/30/2024373406166170N/A
3/31/2024365469175178N/A
12/31/2023358533184187N/A
9/30/2023353529191194N/A
6/30/2023348525198201N/A
3/31/2023342549191194N/A
12/31/2022335574184187N/A
9/30/2022327622170172N/A
6/30/2022318671155158N/A
3/31/2022309559158160N/A
12/31/2021300447160162N/A
9/30/2021292369151153N/A
6/30/2021283292142144N/A
3/31/2021277291143145N/A
12/31/2020271289144146N/A
9/30/2020267268144146N/A
6/30/2020263246144146N/A
3/31/2020260197132134N/A
12/31/2019257149120122N/A
9/30/2019254157N/A118N/A
6/30/2019251164N/A114N/A
3/31/2019248168N/A117N/A
12/31/2018245171N/A121N/A
9/30/2018243184N/A125N/A
6/30/2018241197N/A130N/A
3/31/2018240204N/A125N/A
12/31/2017239211N/A119N/A
12/31/2016232211N/A122N/A
12/31/2015218130N/A99N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SHUR's earnings are forecast to decline over the next 3 years (-14.2% per year).

Earnings vs Market: SHUR's earnings are forecast to decline over the next 3 years (-14.2% per year).

High Growth Earnings: SHUR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SHUR's revenue (6.2% per year) is forecast to grow slower than the Belgian market (7.4% per year).

High Growth Revenue: SHUR's revenue (6.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SHUR's Return on Equity is forecast to be low in 3 years time (3.9%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/19 02:03
End of Day Share Price 2026/07/17 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Shurgard Self Storage Ltd is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kanad MitraBarclays
Celine HuynhBarclays
Kai KloseBerenberg