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September 2019 Rental income and net property income up 40.8% and 49.4% respectively
September 2019 Rental income and net property income up 40.8% and 49.4% respectively
September 2019 Investment property value up 47.0% to R6.2bn
September 2019 Investment property value up 47.0% to R6.2bn
September 2019 Gearing at 27.3% and 93.2% hedged
September 2019 Gearing at 27.3% and 93.2% hedged
September 2019 SA closing rental rate up 9.3%
September 2019 SA closing rental rate up 9.3%
September 2019 Distribution up 7.0% to 54.89cps
September 2019 Distribution up 7.0% to 54.89cps
September 2019 Strong operating performance in UK
September 2019 Strong operating performance in 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 33 100 tenants across its portfolio of 74 properties (66 trading and 8 new properties in the development pipeline). The South African portfolio comprises 50 self storage properties totalling c. 363 100 m² of GLA. In the UK Stor-Age owns Storage King (6th largest UK self storage brand) comprising 16 self storage properties with c. 66 300 m² of GLA. Our pipeline, of 8 new properties, will offer c. 53 000 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.