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Shurgard Self Storage Becomes UK-Based REIT

Shurgard operates 265 self-storage facilities comprising 1.3 million net rentable square meters

March 8, 2022: Shurgard Self Storage officially became a U.K.-based REIT on March 1st. Though its stock will remain listed on Euronext Brussels, it’ll trade under a new International Securities Identification Number, GG00BQZCBZ44, beginning on March 15th, 2023.

“This structural change brings with it many benefits,” Oursin said. “Previously, we forecasted that our effective tax rate would be around 22% in 2025; and we now believe that, based on the implementation of the REIT status in the U.K., this rate will be around 18%. In addition, the move allows us to be better positioned to take part of investments opportunities present in the U.K. market.”