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    SHUR   LU1883301340

SHURGARD SELF-STORAGE S.A.

(SHUR)
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Shurgard Self Storage S A : completes acquisition of CitySpace Self Storage in Central London

10/05/2021 | 12:19pm EST

FOR IMMEDIATE RELEASE

October 5, 2021

Shurgard Self Storage SA

("Shurgard")

Shurgard completes acquisition of CitySpace Self Storage in Central London

LUXEMBOURG - Shurgard, the largest developer, owner and operator of self-storage centers in Europe - is pleased to confirm the acquisition of CitySpace Self Storage's two properties in Central London on October 1, 2021.

Both properties are former basement car parks converted to self storage.

  • Bloomsburystore is located just off Russell Square (less than 100 meters) in London and at walking distance from the British Museum.
  • Knightsbridgestore is located close to Belgravia Square Garden and Hyde Park Corner - in the heart of the most prestigious part of London.

This second acquisition - after the A&A Self Storage deal completed on September 9, 2021 - reinforces Shurgard's visibility in Central London. This is highlighted in the map below:

Shurgard has increased its presence by a total of five stores in that area of London further to these two acquisitions.

These transactions support Shurgard's growth strategy, which includes targeted acquisitions.

Marc Oursin, Chief Executive Office of

Shurgard Self-Storage, commented:

"We are thrilled by this new acquisition and want to thank all parties involved in the transaction. These additional properties will help consolidate our Central London footprint and are a strong fit with our well- established portfolio. We look forward to providing excellent customer experience and applying our leading self-storage expertise and knowledge of the local market."

FOR IMMEDIATE RELEASE

About Shurgard

Shurgard is the largest provider of self storage in Europe. The company currently owns and/or operates

252 self-storage centers and approximately 1.3 million net rentable square meters in seven countries: France, the Netherlands, Sweden, the United Kingdom, Germany, Belgium and Denmark.

Shurgard's European network currently serves 175,000 customers and employs approximately 750 people. Shurgard is listed on Euronext Brussels under the symbol "SHUR".

For more information: corporate.shurgard.eu www.shurgard.com www.shurgard.com/en-gb/blog www.facebook.com/shurgardselfstorage

Contact

Caroline Thirifay, Director of Investor Relations, Shurgard Self Storage SA

Email: investor.relations@shurgard.lu

M: +352 621 680 104

Vincent Mesdom, Director of Acquisitions, Shurgard Self Storage SA

Email: vincent.mesdom@shurgard.eu

M: +32 474 98 00 83

Nathalie Verbeeck, Citigate Dewe Rogerson

Email: nathalie.verbeeck@citigatedewerogerson.com

M: +32 477 45 75 41

Disclaimer

Shurgard Self Storage SA published this content on 05 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 October 2021 16:18:07 UTC.


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Financials
Sales 2021 295 M 334 M 334 M
Net income 2021 378 M 427 M 427 M
Net Debt 2021 604 M 682 M 682 M
P/E ratio 2021 11,7x
Yield 2021 2,18%
Capitalization 4 755 M 5 368 M 5 372 M
EV / Sales 2021 18,1x
EV / Sales 2022 17,0x
Nbr of Employees 751
Free-Float 64,5%
Chart SHURGARD SELF-STORAGE S.A.
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Technical analysis trends SHURGARD SELF-STORAGE S.A.
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 53,50 €
Average target price 53,60 €
Spread / Average Target 0,19%
EPS Revisions
Managers and Directors
Marc Pierre Francois Oursin Chief Executive Officer & Director
Jean L. H. Kreusch Chief Financial Officer
Ronald L. Havner Chairman
Duncan Bell Vice President-Operations
Frank Fiskers Independent Non-Executive Director
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