{
  "id": 641308,
  "title": "Shurgard Self-Storage shares tumble on guidance cut",
  "url": "https://urgent.news/2026/08/12/shurgard-self-storage-shares-tumble-on-guidance-cut",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T07:15:30.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/shurgard-selfstorage-shares-tumble-on-guidance-cut-93CH-4853797"
  },
  "original_language": "en",
  "account": "Shares of Shurgard Self-Storage Ltd (SHUR) on the Amsterdam Stock Exchange (AMS) plummeted on Thursday after the company adjusted its fiscal 2026 guidance and abandoned its medium-term targets due to sluggish operating performance. The self-storage firm lowered its 2026 revenue growth forecast to 3.5%-4.5% from an earlier range of 6%-8%. It also trimmed underlying EBITDA guidance to €263m-€268m from €278m-€289m. Shurgard now anticipates adjusted EPRA earnings per share of €1.64-€1.68, a decline of 3%-6% year-over-year, as opposed to the previously expected range of -1% to +4%. Property operating revenue grew 3% year-over-year to €229.6m in the first half of 2026, with same-store sales up by only 1.4%, which was below fourth quarter 2025 levels. Shurgard cited a slower than expected pace of growth, noting that in-place rent growth was just 1% and occupancy rose by 10 basis points to 88.5%. The UK segment, accounting for 28% of the company's gross asset value, saw negative growth of 0.9%, while France remained relatively stable. EBITDA fell 1% year-over-year to €124m, with the operating margin slipping by 2.1 percentage points to 54%. Shurgard ceased to reaffirm its 2027-2030 targets, which had targeted 6%-8% compound annual growth in adjusted EPRA earnings per share. The company stated it would reassess medium-term guidance once market conditions allow for a more definitive evaluation. Additionally, Shurgard abandoned its 9%-10% net operating income yield-on-cost target for properties. EPRA net tangible assets per share stood at €53.6, up 1% year-to-date and 4% year-over-year, compared to the 10% growth seen in fiscal 2025. The company retained its annual dividend target of €1.17 per share, which will continue to be paid in cash. The company's loan-to-value ratio was 23.7%, and net debt to underlying EBITDA was 6.5x, both within the company's target ranges. This report was produced with AI assistance and subsequently reviewed by an editor.",
  "summary": null,
  "key_points": [
    "Shurgard Self-Storage cuts 2026 revenue growth forecast to 3.5%-4.5%",
    "Company trims EBITDA guidance to €263m-€268m from €278m-€289m range",
    "Shurgard abandons 2027-2030 medium-term targets and net operating income yield"
  ],
  "editors_take": "Shurgard's downward revision of its 2026 guidance and abandonment of medium-term targets signals a shift in investor expectations, likely putting pressure on the company's stock and altering its growth trajectory.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}