Shurgard Self Storage Limited · EURONEXT:SHUR
Shurgard Self Storage — H1 2025 Earnings Presentation
65 slides from Shurgard Self Storage's earnings presentation, Aug 14, 2025
Slide 1: Execution of Shurgard's Winning Strategy – H1-2025 Results
H1-2025 results EXECUTION OF SHURGARD’S WINNING STRATEGY
Slide 2: Execution of Our Winning Strategy
EXECUTION OF OUR WINNING STRATEGY 1| Prime portfolio in the right 2| Outperforming 3| Unmatched footage growth geographies same store growth with secured pipeline 5| Compelling 2025 outlook 6| Shurgard’s convincing 4| Unique capital foundation and medium-term guidance investment case HOW WE ARE DIFF
Slide 3: Prime Portfolio in the Right Geographies
1| PRIME PORTFOLIO IN THE RIGHT GEOGRAPHIES 3
Slide 4: Undersupplied Industry with High Growth Perspective
UNDERSUPPLIED INDUSTRY WITH HIGH GROWTH PERSPECTIVE Self storage sq ft. per capita in Self storage area (sq ft. per capita)2 our 7 markets versus the US 1 Self Storage Capital City sq ft. per capita c. 15x Growth potential 1.8 1.5 1.4 9.4 1.1 1.0 0.6 0.5 0.5 Paris Berlin Brussels Randstad Copenhagen
Slide 5: Operating in Right Cities with Scale
OPERATING IN RIGHT CITIES WITH SCALE Population in major cities in Europe (in mio habitants) 338 Stockholm NRW 17.6 Copenhagen 63% Other stores3 Other 100% 37% Paris 13.2 89 45% 39 London 9.0 London stores 10 stores 55% Randstad 7.1 stores Munich 5.2 Hamburg 4.3 Berlin 3.8 Stockholm Other Stuttgart
Slide 6: Unique Prime Portfolio…
UNIQUE PRIME PORTFOLIO… Our well diversified portfolio Our standard building characteristics2 Rentable size # of units 338 stores across 7 countries c. 5,100 sqm c. 800 units 1.7M sqm of rentable space Average unit size Elevatored Gross Asset Value c. 6 sqm Up to 4 floors (max. 25 sqm) Germany 15% N
Slide 7: Outperforming Same Store Growth
2| OUTPERFORMING SAME STORE GROWTH
Slide 8: Revenue Management
2.1 | REVENUE MANAGEMENT —
Slide 9: Shurgard Is a B2C Need Business
SHURGARD IS A B2C NEED BUSINESS RESIDENTIAL CUSTOMERS What is self storage for our Why do they need self Where are they? residential customers? storage? “My attic or basement in a remote • Life events Close property catchment areas location” • (marriage, birth, death, divorce, • 10min drive: 50% ~80
Slide 10: Our Unique Data Driven Commercial Policy…
OUR UNIQUE DATA DRIVEN COMMERCIAL POLICY… RETAIN AND OPTIMIZE CUSTOMER UNIQUE SELLING PROPOSITION ATTRACT PROSPECTS VALUE Price • Public pricing (“price you • Existing customer rate increase (ECRI) see is price you pay”) • Individual • Yield management • Discretionary • Significant discounts Conveni
Slide 11: Our Optimized Digital Platform Provides…
OUR OPTIMIZED DIGITAL PLATFORM PROVIDES… PROSPECTS CUSTOMERS Finding a Space Lease Execution Account Management Daily Property Use Website Comprehensive Digital Property Access1 ~50% Digital Rental Mobile App of move-ins Agreement E-rental penetration (as of December 31) 60% 50% High customer utiliz
Slide 12: Execution of Our Commercial Policy...
EXECUTION OF OUR COMMERCIAL POLICY... FOCUS ON RETENTION1 INCREASE CUSTOMER LIFETIME VALUE2 7.0% 43 42 42 42 41 6.5% 6.3% 41 6.0% 6.1% 5.7% 40 40 ~40% ~60% 5.6% 5.6% 5.6% 39 OF TOTAL OF TOTAL 38 CUSTOMERS CUSTOMERS 5.5% 38 37 5.1% 37 5 MONTHS AVERAGE STAY 60 MONTHS 5.0% AVERAGE STAY 36 36 4.5% 35 20
Slide 13: Why Is Same Store Definition the Relevant KPI?
WHY IS SAME STORE DEFINITION THE RELEVANT KPI? Occupancy (%) Revenue 100% Like for like Same store 90% 80% 13% 70% Mature and 60% stabilized 50% properties 40% 87% 30% 20% 10% 0% Same stores Non same stores M0 M5 M10 M15 M20 M25 M30 M35 M40 M45 M50 IT’S A TRANSPARENT AND PREDICTABLE VIEW OF THE COMP
Slide 14: Occupancy Is Key: We Target 90%
OCCUPANCY IS KEY: WE TARGET 90% 2024 SAME STORE OCCUPANCY PER MARKET1 SAME STORE OCCUPANCY PER YEAR1 100% 100% 95% 95% 90% 90% 85% 85% 80% 80% 75% 75% 70% 70% 65% 65% 60% 60% 55% 55% 50% 50% FR NL UK SE DE BE DK 2018 2019 2020 2021 2022 2023 2024 1 Average occupancy CONSISTENTLY ACHIEVED 90% OCCUPAN
Slide 15: The Outcome of Our Commercial Policy
THE OUTCOME OF OUR COMMERCIAL POLICY SAME STORE OCCUPANCY & IN-PLACE RENT1 SAME STORE REVENUE GROWTH1 c. 86% 100% 300 10.0% 95% +33% 8.6% 280 90% 8.0% 7.0% 85% 260 6.0% 5.7% 80% 4.8% 240 75% 4.0% 3.2% c. 61% 70% 2.2% 220 2.0% 65% 1.2% 60% 200 0.0% 2018 2019 2020 2021 2022 2023 2024 2018 2019 2020 20
Slide 16: We Consistently Outperform the Economic Cycle
WE CONSISTENTLY OUTPERFORM THE ECONOMIC CYCLE CPI & GDP CPI & GDP HOUSING MARKET EUROPE (incl. UNITED KINGDOM) UNITED KINGDOM UNITED KINGDOM 60% 60% 58% 20% 200% 50% 50% 41% 40% 40% 35% 15% 150% Shurgard revenue % growth 31% House sales % growth 30% 30% 10% 100% 20% 16% 20% 13% 5% 10% 10% 5% 50% 0%
Slide 17: Cost Management
2.2| COST MANAGEMENT
Slide 18: Our Scalable Cost Structure...
OUR SCALABLE COST STRUCTURE... 5% COST OF MANAGEMENT Action: Scalability of central costs 5% REAL ESTATE TAXES OPERATING EXPENSES c. 32% of our revenue 7% OTHER 1% UTILITIES Action: Sustainability investments 3% REPAIR & 8% PAYROLL MAINTENANCE 3% MARKETING Action: Store network clusterization Action
Slide 19: Efficiency Gains Through New Operating Model
EFFICIENCY GAINS THROUGH NEW OPERATING MODEL CLUSTERIZATION EFFICIENCY GAINS 2.8 350 +70% 2.6 2.4 300 2.2 2.0 250 1.8 1.6 -27% 200 1.4 1.2 1.0 150 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 FTE (ASM + SM) / store Number of stores 55% OF STORES ALREADY IN CLUSTERS, WITH ALL MARKETS TO BE
Slide 20: Other Scalability Levers…
OTHER SCALABILITY LEVERS… COST OF MANAGEMENT (5%) MARKETING (3%) UTILITIES (1%) Scalable platform lowering Increased store density allowing LED, solar and BMS1 cost of management’s us to mitigate Google price to mitigate weight on our revenue increases price pressure COM as % of revenue Marketing as
Slide 21: Net Operating Income
2.3| NET OPERATING INCOME
Slide 22: Revenue and Cost Management…
REVENUE AND COST MANAGEMENT… REVENUE AND OPEX NOI MARGIN in €/sqm CAGR: 340 +3.1% 70% 310 280 307 318 68% +10pp 288 66% 250 266 248 249 253 220 241 244 64% 235 236 190 62% 160 CAGR: +1.2% 60% 130 99 102 90 91 89 90 89 90 94 58% 100 88 87 70 56% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Slide 23: Unmatched Footage Growth with Secured Pipeline
3| UNMATCHED FOOTAGE GROWTH OF OUR PLATFORM WITH SECURED PIPELINE
Slide 24: Our Expansion Transparency…
OUR EXPANSION TRANSPARENCY… • Secured pipeline: • 3 years visibility ACTUAL OPENINGS VS PIPELINE GUIDANCE • All projects with minimum CPA signed/ 250,000 planning filing 225,000 • No land banking 200,000 175,000 150,000 • Hurdle rate 8%-9% on total cost1: 125,000 100,000 • Organic development: 75,00
Slide 25: Using Our Unique Combination for Footage Growth…
USING OUR UNIQUE COMBINATION FOR FOOTAGE GROWTH… TRACK RECORD 2015 - 2024 • 36 stores from organic developments in 5 countries 3 7 • 106 stores from M&A transactions in 5 countries • 38 stores redeveloped in 6 countries 21 options for growth … ENSURES A WELL DIVERSIFIED EXPANSION AT TARGET HURDLE RA
Slide 26: Our Yield on Cost Track Record
OUR YIELD ON COST TRACK RECORD ORGANIC M&A 18% 17.3% 16.4% 15% 12.5% 13% 12.1% 12.0% 9.4% 10% 9.1% 8.5% 8% 7.1% 7.8% 6.5% 7.1% 6.8% 5.3% 3.6% 5% 3% 1.1% -0.2% 0% -2% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 deals 0 deal 1 deal 2 deals 1 deal 2 deals
Slide 27: Our Future Growth
OUR FUTURE GROWTH In thousands sqm 17.0% 18% 240 237 16% 220 200 14% 180 12% 160 8-9% hurdle rate1 10% 140 6.7% 120 8% 125 5.1% 100 5.1% 5.4% 5.1% 6% 4.8% 4.9% 4.5% 80 4.0% 90 90 90 90 4% 60 65 65 55 2% 40 47 20 0% A 2020 A 2021 A 2022 A 2023 A 2024 F 2025 F 2026 F 2027 F 2028 F 2029 Sqm total Pipel
Slide 28: Unique Capital Foundation
4| UNIQUE CAPITAL FOUNDATION
Slide 29: Our Unique Capital Foundation…
OUR UNIQUE CAPITAL FOUNDATION… EQUITY DEBT 1 7.7 years 35% €1,570m Weighted average debt debt 3.29% maturity 500 500 (USPP & rated EUR bond) Weighted average effective 34% interest rate 300 No encumbered assets 100 110 60 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Free float 31% BBB+ Sta
Slide 30: Successful and Diverse Capital Market Strategy
SUCCESSFUL AND DIVERSE CAPITAL MARKET STRATEGY PROVIDING FLEXIBILITY IN FINANCING THE CAPITAL STRUCTURE 2018: €575 MILLION 2021: €300 MILLION 2023: €300 MILLION IPO GREEN NOTE CAPITAL RAISE In November 2023, Shurgard launched a share capital increase in Initial public offering of Shurgard on Euronex
Slide 31: Compelling 2025 Outlook and Medium-Term Guidance
5| COMPELLING 2025 OUTLOOK AND MEDIUM-TERM GUIDANCE
Slide 32: Compelling 2025 Outlook and Medium-Term Guidance…
COMPELLING 2025 OUTLOOK AND MEDIUM-TERM GUIDANCE… Outlook 2025 Medium-term guidance • All store revenue and NOI growth: c. 11% • All store revenue and NOI growth: c. 8% • Improvement of Underlying EBITDA margin: +0.5pp • Double-digit underlying EBITDA growth p.a., except in 2026 (mid-single)2 • Adj.
Slide 33: Shurgard's Convincing Investment Case
6| SHURGARD’S CONVINCING INVESTMENT CASE
Slide 34: Shurgard's Convincing Investment Case…
SHURGARD’S CONVINCING INVESTMENT CASE… 1| Prime portfolio in the right geographies VERY ATTRACTIVE 5-YEAR PERSPECTIVES1 (2029 vs. 2024) 2| Outperforming same store growth • c. +25% square meters • c. +50% all store revenue 3| Unmatched footage growth of our • c. +55% underlying EBITDA platform with
Slide 35: H1-2025 Results
7| H1-2025 RESULTS
Slide 36: H1 2025 Results – Underlying EBITDA: +17.4%
H1 2025 RESULTS –UNDERLYING EBITDA: +17.4% All store results Three months ended Six months ended (in € millions except where indicated) June, 30 June, 30 % var. % var. June, 30 June, 30 % var. % var. 2025 2024 CER* 2025 2024 CER* All store - operational performance Number of stores 321 281 14.2% 0.1
Slide 37: H1 2025 Results – Same Store: +4.7% Revenue Growth
H1 2025 RESULTS – SAME STORE: +4.7% REVENUE GROWTH Same store results Three months ended Six months ended (in € millions except where indicated) June, 30 June, 30 % var. % var. June, 30 June, 30 % var. % var. 2025 2024 CER* 2025 2024 CER* Same store - operational performance Number of stores 251 251
Slide 38: Operational Performance
Berlin Wilmersdorf, DE OPERATIONAL PERFORMANCE TOTAL COMPANY STORES NUMBERS1 SAME STORE OCCUPANCY & RATES 350 1.70 100% 310 318 321 300 1.64 1.60 300 1.63 90.4% 90.5% 90.4% 89.8% 275 89.0% 266 90% 290 254 251 250 240 244 1.50 228 234 286.8 280 80% 281.3 200 1.40 270 1.39 266.5 260 150 1.34 1.30 70%
Slide 39: Financial Performance – Net Operating Income All Stores
FINANCIAL PERFORMANCE – NET OPERATING INCOME ALL STORES1 NOI growth: +16.8% 13.0 140.0 NOI margin: 62.7% 1.7 5.1 119.8 0.3 NOI margin: 62.9% NOI NOI Same store Same store Same store Non-same store NOI NOI (H1 2024) rented sqm in-place rent margin improvement (H1 2025) (H1 2024) (H1 2025) 1 All figur
Slide 40: Financial Performance – Adjusted EPRA Earnings per Share
FINANCIAL PERFORMANCE – ADJUSTED EPRA EARNINGS PER SHARE1 Underlying EBITDA: +17.4% EPS growth: +1.3% 0.21 -0.01 0.02 0.82 0.81 -0.18 -0.01 -0.02 Adjusted EPRA Adjusted EPRA NOI G&A Interest expense, net Corporate income Other² Issued shares Adjusted EPRA Adjusted EPRA earnings per share tax expense
Slide 41: Portfolio Expansion
PORTFOLIO EXPANSION # Projects Country Net sqm Project cost Belgium 22 9 Redevelopments France 76,850 €175.0 2025 Germany 12 New developments Netherlands sqm million Projects 1 Acquisition Sweden UK Belgium 22 4 Redevelopments France 107,600 €263.7 2026 Germany 18 New developments Netherlands sqm mi
Slide 42: Projects Completed in H1 2025
8 PROJECTS COMPLETED IN H1 2025 Randstad Heerenveen, NL Cologne Lövenich, DE Stuttgart Wangen, DE Randstad Beverwijk, NL 3 Opening Opening Opening Opening new stores January 2025 April 2025 April 2025 April 2025 opened Size 600 sqm Size 6,200 sqm Size 7,000 sqm Size 4,400 sqm Project cost Project co
Slide 43: Successful Integration of 2024 UK Acquisition
SUCCESSFUL INTEGRATION OF 2024 UK ACQUISITION Wellingborough, UK 2% 77% 28 Rate increases at CAGR to stabilization in 2029-2030 all store average occupancy rate stores rebranded Peterborough, UK and on track to 90% adjusted occupancy by to our standards Dec ’26 €4 to €5 50% million estimated synergi
Slide 44: Strong Financial Foundation
STRONG FINANCIAL FOUNDATION LOW LEVERAGE (LTV) DIVERSE FINANCING MIX1 STRONG CREDIT RATING Term Loan Facility (drawned) 23.3% 22.8% Corporate Bonds 290 HEALTHY 15.4% Senior Guaranteed Notes 1,000 BBB+ BALANCE 500 130 S&P Credit rating SHEET 800 700 570 Stable outlook H1 2024 FY 2024 H1 2025 H1 2024
Slide 45: 2025 Outlook: Guidance Confirmed
2025 OUTLOOK: GUIDANCE CONFIRMED Outlook 2025 (at CER1) All store revenue and NOI growth: c. 11% Improvement of Underlying EBITDA margin: +0.5pp Adj. EPRA Earnings effective tax rate: c. 18.5% Net interest expenses: c. €50 million Sqm of network expansion: c. 90,000 sqm, €200 million Dividend: €1.17
Slide 46: Delivering Strong, Predictable Growth…
DELIVERING STRONG, PREDICTABLE GROWTH… All stores Same store 2025-27 secured pipeline +40 stores +4.7% revenue growth +13.9% rentable sqm (vs. 2024) +17.1% revenue growth +4.6% rate increases c. 225,900 sqm or +3.6% rate increases +0.9pp NOI margin improvement c. €547.4M total project cost UK acquis
Slide 47: Financial Calendar
FINANCIAL CALENDAR May 1, 2025 August 14, 2025 November 6, 2025 Q2 2025 results Q3 2025 results Farnborough, UK Aldershot, UK October 9, 2025 09:00 BST Property visit Join us for a visit to our Farnborough and Aldershot stores 47
Slide 48: Appendices
APPENDICES
Slide 49: Store Portfolio Segmentation
STORE PORTFOLIO SEGMENTATION STORE PORTFOLIO SEGMENTATION # OF STORES Stores developed by Shurgard in operation for more 2020 2021 2022 2023 2024 H1 2025 than three full years as of January, 1st Same-stores Stores acquired by Shurgard in operation for more than one full year as of January, 1st 2
Slide 50: Same Store Property Operating Revenue per Market
SAME STORE PROPERTY OPERATING REVENUE PER MARKET In € millions QTD Jun YTD Jun (at actual exchange rate) 2025 2024 % var. % var.CER 2025 2024 % var. % var.CER UK 18.5 18.1 2.1% 1.7% 37.4 35.8 4.5% 3.0% The Netherlands 19.8 18.6 6.4% 6.4% 39.6 37.0 7.0% 7.0% France 21.5 20.8 3.5% 3.5% 43.0 41.2 4.5%
Slide 51: Same Store Average Occupancy by Country
SAME STORE AVERAGE OCCUPANCY BY COUNTRY QTD Jun YTD Jun 2025 2024 Diff. 2025 2024 Diff. UK 86.6% 86.9% -0.3pp 86.8% 86.4% 0.4pp The Netherlands 90.1% 90.9% -0.8pp 90.1% 90.9% -0.7pp France 88.0% 88.8% -0.8pp 87.8% 88.2% -0.5pp Germany 86.8% 88.1% -1.3pp 87.0% 88.3% -1.3pp Sweden 91.2% 90.1% 1.0pp 90
Slide 52: Same Store Property Average In-Place Rent by Country
SAME STORE PROPERTY AVERAGE IN-PLACE RENT BY COUNTRY In € per sqm / year QTD Jun YTD Jun 2025 2024 % var. % var. CER 2025 2024 % var. % var. CER UK 393.4 382.7 2.8% 2.4% 397.5 381.2 4.3% 2.8% The Netherlands 259.9 242.6 7.1% 7.1% 260.1 241.7 7.6% 7.6% France 277.9 267.3 4.0% 4.0% 279.2 266.6 4.7% 4.
Slide 53: All Store Revenue Growth: 2019 to H1 2025 Actuals
ALL STORE REVENUE GROWTH: 2019 TO H1 2025 ACTUALS All Store All Store : quarterly yoy growth 25% 20% 18% 20% 16% 14% 15% 12% 10% 10% 8% 6% 5% 4% 2% 0% 0% 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 2018 2019 2020 2
Slide 54: Same Store Revenue Growth: 2019 to H1 2025 Actuals
SAME STORE REVENUE GROWTH: 2019 TO H1 2025 ACTUALS Same Store Same Store : quarterly yoy growth 10% 9% 9% 8% 8% 7% 7% 6% 6% 5% 5% 4% 4% 3% 3% 2% 2% 1% 1% 0% 0% 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 2018 2019
Slide 55: Quarterly Occupancy and In-Place Rent Growth
QUARTERLY OCCUPANCY AND IN PLACE-RENT GROWTH Varian ces calcu lated o n d ata at co n s tan t ex ch an g e rate Changing same store pool 12% 100% 90% 10% 9.2% 9.0% 8.8% 8.9% 80% 8.0% 8.1% 8% 7.4% 70% 6.3% 6.2% 5.7% 60% 6% 5.2% 5.2% 5.1% 4.9% 4.5% 50% 4.1% 4.2% 4.0% 3.8% 4% 3.6% 2.9% 3.2% 40% 2.8% 2.
Slide 56: NTA, LTV, Net Debt/EBITDA, ICR Evolution Since IPO
NTA, LTV, NET DEBT/ EBITDA, ICR EVOLUTION SINCE IPO (OCT 2018) At actual exchange rate EPRA NET TANGIBLE ASSETS (NTA) LOAN-TO-VALUE (LTV) In € millions 23.3% 22.8% 5,142 4,782 4,308 16.9% 18.1% 17.4% 18.0% 3,639 3,113 13.9% 13.0% 2,260 2,518 2,147 2018 2019 2020 2021 2022 2023 2024 H1 2025 2018 2019
Slide 57: Property Valuation
PROPERTY VALUATION1 (in € ‘000) 7,000 6,658 6,179 6,000 5,262 4,910 5,000 4,598 4,353 4,147 4,000 3,758 3,349 3,102 2,910 3,000 2,570 2,710 2,558 2,000 1,000 0 Dec Jun Dec Jun Dec Jun Dec Jun Dec Jun Dec Jun Dec Jun 2018 2019 2019 2020 2020 2021 2021 2022 2022 2023 2023 2024 2024 2025 1 Cushman & Wa
Slide 58: Attractive & Resilient Business Model
ATTRACTIVE & RESILIENT BUSINESS MODEL Low break-even occupancy and high margins Economics of a typical Shurgard store Track record of strong and resilient cash flow (€ ‘000) generation 1,200 Revenue 1. Resilient revenue 900 - Granular and diversified customer base: ~700 customers per store1 600 Prof
Slide 59: Key Patterns: Same Across Countries
KEY PATTERNS: SAME ACROSS COUNTRIES What is self storage Why do they need self storage? Where are they? for our customers? “My attic or basement in a remote location” • Life events (birth, death, divorce, mobility) Close property catchment areas • Short distance catchment combined with • 10min drive
Slide 60: We Consistently Outperform the Economic Cycle
WE CONSISTENTLY OUTPERFORM THE ECONOMIC CYCLE CPI & GDP CPI & GDP EUROPE (incl. GERMANY) GERMANY 70% 70% 67% 60% 60% 50% 50% 41% 40% 40% 31% 31% 30% 30% 20% 16% 20% 9% 10% 10% 0% 0% -10% -10% -20% -20% Shurgard revenue / sqm rented CPI GDP Shurgard revenue / sqm rented CPI GDP 60
Slide 61: Top Operators in Europe
TOP 18 OPERATORS IN EUROPE Size (in thousands sqm) 2,000 L 1,800 1,600 1,400 2X 1,200 L 1,000 L 800 600 400 200 0 All companies are at group level including pipeline Based on Shurgard estimates L = listed company 61
Slide 62: Market Consolidation: Our Targeted Approach
MARKET CONSOLIDATION: OUR TARGETED APPROACH LEVER 1 LEVER 2 LEVER 3 Note: All data presented are 2015 – Present Unique & Disciplined 2023 2024 …targeting a fragmented market with multiple opportunities M&A Strategy… achievements achievements FOCUS AREA 106 “ BOLT ON” Large & ACQUIRED STORES 5 STORES
Slide 63: Sustainability at the Core of Our Buildings Lifecycle
SUSTAINABILITY AT THE CORE OF OUR BUILDINGS LIFECYCLE Other Investments ISO 14001 aligned EMS, Building Management Systems (BMS): sensors, computers, … Customer safety Lobbies protection Access control Improved CCTV Access via App Reduce electricity and gas consumption LED lighting Heating optimizat
Slide 64: Footnotes
FOOTNOTES 1 Closing rentable sqm is calculated as the sum of available sqm (in thousands) for customer storage use at our stores, as of the reporting date. 2 Average rented sqm is calculated as the sum of sqm (in thousands) rented by customers, for the reporting period. 3 Average occupancy rate is p
Slide 65: Legal Disclaimer
LEGAL DISCLAIMER All statements in this presentation, other than statements of historical facts, are forward-looking statements. These statements are based on the current expectations and views of future events and developments of the management of Shurgard and are naturally subject to uncertainty a
Shurgard Self Storage — H1 2025 Earnings Presentation on 6ix