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 1^st. Though its stock will remain listed on Euronext Brussels, it’ll trade under a new International Securities Identification Number, GG00BQZCBZ44, beginning on March 15^th, 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.”