Shurgard Self-Storage Ltd.

SHUR

GG00BQZCBZ44

Specialized REITs

Market Closed - Euronext Bruxelles Other stock markets 11:35:00 2024-04-29 am EDT			After market 03:03:11 pm
38.05 ^EUR	+0.93%		37.98	-0.20%

Apr. 25	Shurgard Self Storage Ltd acquired self-storage facility in Sénart - Combs-la-Ville (Seine et Marne, Paris region) from Box A La Carte for ?9.3 million.	CI
Apr. 22	EARNINGS: Lok'n Store has "positive but muted" growth as Shurgard bids	AN

Lok'nstore Group Agrees To 1,110 Pence Apiece Cash Offer with Shurgard Self Storage

April 11, 2024 at 02:14 am EDT

April 11 (Reuters) - Lok'n Store Group PLC:

* LOK'NSTORE GROUP SHURGARD SELF STRGE. - RECOMMENDED CASH ACQUISITION OF LOK’N STORE

* LOK'N STORE GROUP PLC: PROPOSED DEAL FOR LOK'NSTORE SHARE: 1,110 PENCE IN CASH

* LOK'N STORE GROUP PLC: PROPOSED DEAL FOR APPROXIMATELY £378 MILLION

* LOK'N STORE: POST-DEAL, SHURGARD SEES ACCRETION ON ADJUSTED EPRA EPS TO BE MID-SINGLE DIGIT DILUTIVE IN 2024

* LOK'N STORE: POST-DEAL, SHURGARD SEES ACCRETION ON ADJUSTED EPRA EPS TO BE NEUTRAL IN 2025 AND ACCRETIVE FROM 2026 ONWARDS Source text for Eikon: Further company coverage:

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	LOK'NSTORE GROUP PLC	1,110 GBX	0.00%	-1.33%	446M
	SHURGARD SELF-STORAGE LTD.	38.05 EUR	+0.93%	-3.55%	3.92B

Latest news about Shurgard Self-Storage Ltd.

Shurgard Self Storage Ltd acquired self-storage facility in Sénart - Combs-la-Ville (Seine et Marne, Paris region) from Box A La Carte for ?9.3 million.	Apr. 24	CI
EARNINGS: Lok'n Store has "positive but muted" growth as Shurgard bids	Apr. 22	AN
FTSE 100 Closes Down 0.5% Dragged by Financial Stocks After ECB Holds Rates	Apr. 11	DJ
Dwindling US Fed cut hope unnerves markets	Apr. 11	AN
Lok'nStore Agrees GBP378 Million Takeover by Shurgard Self Storage	Apr. 11	MT
Transcript : Lok'nStore Group Plc, Shurgard Self Storage Ltd - M&A Call	Apr. 11
FTSE 100 ticks up ahead of ECB meeting	Apr. 11	RE
Lok'n Store agrees GBP378 million takeover from Belgium's Shurgard	Apr. 11	AN
Shurgard agrees $474 mln deal to buy self-storage rival Lok'nStore	Apr. 11	RE
Lok'nstore Group Agrees To 1,110 Pence Apiece Cash Offer with Shurgard Self Storage	Apr. 11	RE
Shurgard Self Storage Ltd have reached agreement to acquire Lok'nStore Group Plc (AIM : LOK) from group of sellers for approximately £370 million.	Apr. 10	CI
Shurgard Self Storage Finalizes Purchase of Germany's Pickens Self-Storage	Mar. 13	MT
Transcript : Shurgard Self Storage Ltd, 2023 Earnings Call, Feb 29, 2024	Feb. 29
Shurgard Self Storage Ltd Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 28	CI
Shurgard Self Storage Opens New Facility in London	Dec. 19	MT
Shurgard Self Storage Raises EUR300 Million Via Share Placement; Shares Down	Nov. 10	MT
Shurgard Self Storage Purchases New Self Storage Facility in London	Nov. 02	MT
Shurgard Self Storage to Launch New Facility in Germany	Nov. 02	MT
Shurgard Self Storage Opens New Facility in Amsterdam	Nov. 02	MT
Shurgard Self Storage Enters Purchase Deal for New Site in London	23-10-31	MT
Shurgard Self Storage Opens New Facility in East London	23-10-27	MT
Shurgard Self Storage to Proceed with Dutch Project After Receipt of Planning Permission	23-10-25	MT
Shurgard Self Storage Ltd acquired Top Box Self-Storage.	23-10-09	CI
Shurgard Wins Planning Permit for Self-storage Facility in Germany, Secures New Land	23-09-05	MT
Shurgard Self Storage to Buy Land, Building in Amsterdam	23-08-18	MT

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Shurgard Self-Storage Ltd. is the largest owner and operator of self-storage facilities in Europe with 276 self-storage facilities and approximately 1.4 million net rentable square meters in 7 countries: the Netherlands, France, Sweden, the United Kingdom, Belgium, Germany and Denmark. The company's network currently serves around 190,000 customers and employs 709 people. Shurgard's activity is organized around two areas: leasing of storage spaces for companies and individuals and other related services. The company is partly owned by Public Storage, the world's largest owner and operator of self-storage facilities with thousands of stores in the United States.

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Specialized REITs

Calendar

2024-04-30 - HSBC UK Corporate & Investor Conference

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OUTPERFORM

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37.7 EUR

Average target price

46.65 EUR

Spread / Average Target

+23.75%

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Sector Self-Storage REITs

	1st Jan change	Capi.
SHURGARD SELF-STORAGE LTD.	-15.18%	3.92B
PUBLIC STORAGE	-13.81%	45.28B
EXTRA SPACE STORAGE INC.	-14.45%	28.24B
CUBESMART	-10.99%	9.17B
NATIONAL STORAGE AFFILIATES TRUST	-14.15%	2.73B
BIG YELLOW GROUP PLC	-9.66%	2.63B
SAFESTORE HOLDINGS PLC	-11.37%	2.08B
NATIONAL STORAGE REIT	-5.22%	1.9B
ABACUS STORAGE KING	+0.44%	943M
SMARTSTOP SELF STORAGE REIT, INC.	-14.83%	896M

Self-Storage REITs

Shurgard Self-Storage Ltd.

Equities

SHUR

GG00BQZCBZ44

Specialized REITs

Lok'nstore Group Agrees To 1,110 Pence Apiece Cash Offer with Shurgard Self Storage

Stocks mentioned in the article

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Sector Self-Storage REITs