occupancy 90.6% (SA) and 83.9% (UK)
cents per share - up 2.2% y-o-y
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 49 600 tenants across its portfolio of 971 properties, with 17 additional properties in the development pipeline. The South African portfolio comprises 60 self storage properties totalling c. 403 700 m² of GLA². In the UK Stor-Age owns Storage King (6th largest UK self storage brand) comprising 37 self storage properties with c. 163 300 m² of GLA². Our pipeline, of 17 new properties, will offer c. 66 000 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