Shurgard Self Storage Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	440.2	406.5	357.92	335.29	300.38	271.38
Total Revenue	440.2	406.5	357.92	335.29	300.38	271.38
Revenue Growth (YoY	18.04%	13.57%	6.75%	11.62%	10.68%	5.57%
Property Expenses	154.34	142.95	114.11	107.95	100.28	92.94
Selling, General & Administrative	30.65	27.57	35.85	31.68	28.5	23.6
Other Operating Expenses	6.92	6.93	0.22	-	-	-
Total Operating Expenses	191.91	177.45	150.18	139.63	128.78	116.54
Operating Income	248.3	229.05	207.74	195.67	171.6	154.85
Interest Expense	-14.87	-	-23.25	-21.32	-19.99	-19.17
Interest & Investment Income	-4.37	-	3.12	0.62	-	0.9
Currency Exchange Gain (Loss)	0.21	-	-0.14	-0.09	0.02	-0.44
Other Non-Operating Income	-34.63	-34.63	-	-	-	-
EBT Excluding Unusual Items	194.64	194.42	187.47	174.88	151.63	136.14
Merger & Restructuring Charges	1.8	-	-	-	-	-
Total Insurance Settlements	-	-	-	-	6.52	7.37
Asset Writedown	519.78	331.07	294.35	586.18	466.58	256.89
Other Unusual Items	-1.18	-	-0.7	0.78	-	-1.3
Pretax Income	715.04	525.5	481.12	761.84	624.72	399.1
Income Tax Expense	147.7	121.82	-53.28	186.24	177.13	109.25
Earnings From Continuing Operations	567.34	403.68	534.4	575.6	447.59	289.85
Minority Interest in Earnings	-1.08	-0.83	-1.09	-1.32	-0.74	-0.37
Net Income	566.26	402.85	533.31	574.28	446.85	289.48
Net Income to Common	566.26	402.85	533.31	574.28	446.85	289.48
Net Income Growth	39.60%	-24.46%	-7.13%	28.52%	54.36%	93.93%
Basic Shares Outstanding	98	98	90	89	89	89
Diluted Shares Outstanding	99	98	91	90	89	89
Shares Change (YoY)	4.12%	8.18%	0.92%	0.34%	0.28%	-0.08%
EPS (Basic)	5.76	4.13	5.91	6.45	5.03	3.26
EPS (Diluted)	5.75	4.11	5.89	6.40	5.00	3.25
EPS Growth	34.03%	-30.22%	-7.97%	28.00%	53.85%	94.61%
Dividend Per Share	1.170	1.170	1.170	1.170	1.170	1.060
Dividend Growth	-	-	-	-	10.38%	11.58%
Operating Margin	56.41%	56.35%	58.04%	58.36%	57.13%	57.06%
Profit Margin	128.64%	99.10%	149.00%	171.28%	148.76%	106.67%
EBITDA	252.99	232.45	211.12	198.53	174.22	156.89
EBITDA Margin	57.47%	57.18%	58.98%	59.21%	58.00%	57.81%
D&A For Ebitda	4.69	3.4	3.38	2.87	2.62	2.05
EBIT	248.3	229.05	207.74	195.67	171.6	154.85
EBIT Margin	56.41%	56.35%	58.04%	58.36%	57.13%	57.06%
Effective Tax Rate	20.66%	23.18%	-	24.45%	28.35%	27.37%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.