Consensus

Last update: 28 August 2025

		2025				2026
		Consensus				Consensus
	Low	Average	Median	High	Low	Average	Median	High
Property operating revenue (€m)	435.6	450.2	450.9	458.1	471.9	484.4	483.0	504.0
Underlying EBITDA (€m)	256.6	266.4	267.8	271.0	279.0	284.9	284.6	291.3
Adjusted EPRA earnings (€m)	169.0	173.4	173.7	179.5	177.9	182.6	180.4	194.4
Dividend per share (€)	1.17	1.17	1.17	1.17	1.17	1.17	1.17	1.17
Adjusted EPRA earnings per share in € (basic)	1.70	1.74	1.75	1.80	1.75	1.80	1.78	1.90

Number of shares	99,754,257
Number of analysts (in the consensus)	17

			TP	Last Update
KBC	Wim Lewi	Buy	48.0	14 August 2025
Berenberg	Kai Close	Buy	48.0	14 August 2025
Degroof Petercam	Vincent Koppmair	Buy	43.0	14 August 2025
Goldman Sachs	Jonathan Kownator	Buy	42.3	3 July 2025
Oddo BHF / ABN Amro	Roy Kulter	Outperfom	42.0	14 August 2025
UBS	Charles Boissier	Buy	42.0	14 August 2025
JP. Morgan	Neil Green	Neutral	43.0	14 August 2025
Bank of America	Marc Mozzi	Neutral	42.0	9 May 2025
Bernstein	Marios Pastou	Market-Perform	39.5	14 August 2025
Kempen	John Vuong	Neutral	39.0	14 August 2025
Kepler Cheuvreux	Frédéric Renard	Hold	37.0	15 August 2025
Deutsche Numis	Jonathan Coubrough	Hold	37.0	1 August 2025
Stifel	John Cahill	Hold	37.0	9 April 2025
Barclays	Eleanor Frew	Equal Weight	35.0	14 August 2025
Green Street	Andres Toome	Hold	N/A	19 August 2025
Morgan Stanley	Ana Escalante	Underweight	38.0	14 August 2025
BNP Paribas Exane	Samuel King	Underperform	32.0	18 August 2025
Average			40.3
Model not updated and therefore out of the consensus:
Jefferies	Stéphanie Dossmann	Hold	37.0	28 Feb 2025

Shurgard is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Shurgard's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Shurgard or its management. Shurgard does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.