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September 2024 Closing
occupancy 92.0% (SA) and 85.3% (UK)
September 2024 Closing occupancy 92.0% (SA) and 85.3% (UK) 
September 2024 Net investment property value R11.5bn, up 5.4% y-o-y
September 2024 Net investment property value R11.5bn, up 5.4% y-o-y
September 2024 Loan-to-value ratio of 31.3%, with net debt effectively hedged at 81.2%
September 2024Loan-to-value ratio of 31.3%, with net debt effectively hedged at 81.2%
September 2024 Interim distributable income per share up 3.5% to 63.51 cents
September 2024 Interim distributable income per share up 3.5% to 63.51 cents
September 2024 Same-store net property operating income up 12.0% SA and 7.4% UK
September 2024 Same-store net property operating income up 12.0% SA and 7.4% UK

Welcome to Stor-Age Property REIT

Stor-Age Property REIT Limited (“Stor-Age”), a fully integrated and internally managed real estate investment trust (“REIT”), is the leading and largest self storage property fund and brand in South Africa.

A highly specialised property fund focused on the fast growing self storage sector, a niche sub-sector of the broader commercial property market, Stor-Age develops, acquires and manages high profile self storage properties.

Successfully listing on the JSE in November 2015, Stor-Age services more than 52 800 tenants across its portfolio of 1071 properties, with 11 additional properties in the development pipeline. The South African portfolio comprises 63 self storage properties totalling c. 429 300 m² of GLA². In the UK Stor-Age owns Storage King (5th largest UK self storage brand) comprising 44 self storage properties with c. 179 100 m² of GLA². Our pipeline, of 11 new properties, will offer c. 48 000 m² of GLA once fully developed.

Stor-Age pioneered the development of high profile Big Box self storage properties in outstanding locations in South Africa.

Stor-Age’s objective is to deliver an attractive income stream from a portfolio of high quality self storage properties with potential for income and capital growth through increasing rentals and occupancy levels, expanding existing properties and acquiring additional self storage properties.

1 Includes 100% of trading properties held in JVs and managed by the Group

2 Includes 100% of trading properties held in JVs only