Shurgard Self Storage SA (SHUR) - Net Assets
Based on the latest financial reports, Shurgard Self Storage SA (SHUR) has net assets worth €4.31 Billion EUR (≈ $5.04 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€7.08 Billion ≈ $8.28 Billion USD) and total liabilities (€2.76 Billion ≈ $3.23 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Shurgard Self Storage SA (SHUR) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €4.31 Billion |
| % of Total Assets | 60.94% |
| Annual Growth Rate | 16.94% |
| 5-Year Change | 92.14% |
| 10-Year Change | 304.09% |
| Growth Volatility | 7.8 |
Shurgard Self Storage SA - Net Assets Trend (2014–2024)
This chart illustrates how Shurgard Self Storage SA's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see Shurgard Self Storage SA (SHUR) total market value.
Annual Net Assets for Shurgard Self Storage SA (2014–2024)
The table below shows the annual net assets of Shurgard Self Storage SA from 2014 to 2024. Explore Shurgard Self Storage SA cash flow conversion to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €4.02 Billion ≈ $4.70 Billion |
+10.98% |
| 2023-12-31 | €3.62 Billion ≈ $4.23 Billion |
+26.30% |
| 2022-12-31 | €2.87 Billion ≈ $3.35 Billion |
+15.73% |
| 2021-12-31 | €2.48 Billion ≈ $2.90 Billion |
+18.45% |
| 2020-12-31 | €2.09 Billion ≈ $2.45 Billion |
+10.44% |
| 2019-12-31 | €1.89 Billion ≈ $2.21 Billion |
+5.32% |
| 2018-12-31 | €1.80 Billion ≈ $2.10 Billion |
+34.28% |
| 2017-12-31 | €1.34 Billion ≈ $1.57 Billion |
+16.56% |
| 2016-12-31 | €1.15 Billion ≈ $1.34 Billion |
+15.52% |
| 2015-12-31 | €994.78 Million ≈ $1.16 Billion |
+18.35% |
| 2014-12-31 | €840.58 Million ≈ $982.72 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shurgard Self Storage SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4763.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.75 Billion | 68.46% |
| Common Stock | €70.29 Million | 1.75% |
| Other Comprehensive Income | €318.88 Million | 7.95% |
| Other Components | €875.76 Million | 21.83% |
| Total Equity | €4.01 Billion | 100.00% |
Shurgard Self Storage SA Competitors by Market Cap
The table below lists competitors of Shurgard Self Storage SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of Queensland Ltd
AU:BOQ
|
$3.09 Billion |
|
China World Trade Center Co Ltd
SHG:600007
|
$3.10 Billion |
|
Cellebrite DI
NASDAQ:CLBT
|
$3.10 Billion |
|
Apeloa Pharmaceutical Co Ltd
SHE:000739
|
$3.10 Billion |
|
Adecco Group AG Class N
SW:ADEN
|
$3.09 Billion |
|
ITEQ Corp
TW:6213
|
$3.09 Billion |
|
Co-Tech Development
TWO:8358
|
$3.09 Billion |
|
Kunshan Kinglai Hygienic Materials Co Ltd
SHE:300260
|
$3.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shurgard Self Storage SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,614,217,000 to 4,011,115,000, a change of 396,898,000 (11.0%).
- Net income of 402,851,000 contributed positively to equity growth.
- Dividend payments of 70,514,000 reduced retained earnings.
- New share issuances of 1,335,000 increased equity.
- Other comprehensive income decreased equity by 50,609,000.
- Other factors increased equity by 113,835,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €402.85 Million | +10.04% |
| Dividends Paid | €70.51 Million | -1.76% |
| Share Issuances | €1.33 Million | +0.03% |
| Other Comprehensive Income | €-50.61 Million | -1.26% |
| Other Changes | €113.83 Million | +2.84% |
| Total Change | €- | 10.98% |
Book Value vs Market Value Analysis
This analysis compares Shurgard Self Storage SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.64x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.35x to 0.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | €11.16 | €26.20 | x |
| 2016-12-31 | €12.89 | €26.20 | x |
| 2017-12-31 | €15.03 | €26.20 | x |
| 2018-12-31 | €25.88 | €26.20 | x |
| 2019-12-31 | €21.18 | €26.20 | x |
| 2020-12-31 | €23.42 | €26.20 | x |
| 2021-12-31 | €27.66 | €26.20 | x |
| 2022-12-31 | €31.89 | €26.20 | x |
| 2023-12-31 | €39.92 | €26.20 | x |
| 2024-12-31 | €40.96 | €26.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shurgard Self Storage SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.04%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 99.10%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.65x
- Recent ROE (10.04%) is below the historical average (14.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 13.11% | 59.65% | 0.10x | 2.16x | €30.87 Million |
| 2016 | 18.42% | 90.96% | 0.11x | 1.89x | €96.49 Million |
| 2017 | 15.80% | 88.50% | 0.10x | 1.76x | €77.50 Million |
| 2018 | 9.54% | 69.93% | 0.09x | 1.58x | €-8.28 Million |
| 2019 | 7.90% | 58.07% | 0.08x | 1.61x | €-39.73 Million |
| 2020 | 13.87% | 106.67% | 0.08x | 1.60x | €80.74 Million |
| 2021 | 18.07% | 148.76% | 0.07x | 1.66x | €199.59 Million |
| 2022 | 20.07% | 171.28% | 0.07x | 1.63x | €288.18 Million |
| 2023 | 14.76% | 149.00% | 0.07x | 1.48x | €171.89 Million |
| 2024 | 10.04% | 99.10% | 0.06x | 1.65x | €1.74 Million |
Industry Comparison
This section compares Shurgard Self Storage SA's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $5,000,000
- Average return on equity (ROE) among peers: 0.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shurgard Self Storage SA (SHUR) | €4.31 Billion | 13.11% | 0.64x | $3.09 Billion |
| Immo Moury SICAF Immobiliere Publique de Droit Belge (IMMOU) | $5.00 Million | 0.12% | 0.03x | $15.43 Million |
About Shurgard Self Storage SA
Shurgard Self Storage Ltd, together with its subsidiaries, engages in the acquisition, development, and operation of self-storage facilities for business and personal use. The company also offers various ancillary services at its self-storage facilities consisting of sale of storage products and provision of protection through an independent insurance company for customers' stored goods. The comp… Read more