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March 2022 Same-store occupancy 90% + in SA and the UK
March 2022 Same-store occupancy 90% + in SA and the UK
March 2022 Net investment property value up 22.4% to R9.26bn
March 2022 Net investment property value up 22.4% to R9.26bn
March 2022 Loan-to-value ratio of 27.9%
March 2022Loan-to-value ratio of 27.9%
March 2022 Same-store rental income up 12.3% (SA 10.0%; UK 21.2%)
March 2022 Same-store rental income up 12.3% (SA 10.0%; UK 21.2%)
March 2022 Final dividend 55.30 cents, supporting FY22 total return of 16.5%
March 2022 Final dividend 55.30 cents, supporting FY22 total return of 16.5%
March 2022 Portfolio occupancy up 24 100m² (SA 9 700m²; UK 14 400m²)
March 2022 Portfolio occupancy up 24 100m² (SA 9 700m²; UK 14 400m²)

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 44 800 tenants across its portfolio of 851 properties, with 14 additional properties in the development pipeline. The South African portfolio comprises 55 self storage properties totalling c. 384 800 m² of GLA. In the UK Stor-Age owns Storage King (6th largest UK self storage brand) comprising 30 self storage properties with c. 101 000 m² of GLA. Our pipeline, of 14 new properties, will offer c. 81 200 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 The number of properties and GLA includes assets held in joint ventures in which Stor-Age has an interest.