Fund Fact Sheet
Stor-Age is a highly
Stor-Age’s objective is to deliver an attractive income stream from a portfolio of
* As at September 2020
Stor-Age Property REIT |
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| Fund executives: | Gavin Lucas, Steven Horton and Stephen Lucas | ||
| Listing date: | 2015 | ||
| Group established: | 2006 | ||
| Share code: | SSS | ||
| JSE sector: | Speciality REITs | ||
| Structure: | Fully integrated and internally managed REIT | ||
| Financial year-end: | March | ||
| Number of properties: | 71 | ||
| Total property value: | R7.3 billion | ||
| Debt as a % of property assets: | 26.7% | ||
| Hedging of debt: | 85.5% hedged on net debt basis | ||
| Total GLA: | 448 600 m² | ||
| Average property size: | SA: 7 300 m² + | ||
| UK: 3 950 m² + | |||
| Total number of tenants: | 36 800 + | ||
| Closing rental rate: | R108.0/m² (SA); £21.22/sqf (UK) | ||
| Portfolio occupancy: | 86.0% (SA - 86.2%; UK - 85.0%) | ||
| Target occupancy: | 90% | ||
| Geographical representation: | SA: JHB, PTA, CT, DBN, PE and BFN | ||
| UK: Portfolio bias towards the South and South East | |||
Development Pipeline |
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| Number of properties: | 8 | ||
| Estimated GLA to be developed : | c. 53 000 m² + | ||
| Estimated development cost: | c. R740 million + | ||