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 2019
Stor-Age Property REIT |
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| Fund executives: | Gavin Lucas, Steven Horton & Stephen Lucas | ||
| Listing date: | 2015 | ||
| Group established: | 2006 | ||
| Share code: | SSS | ||
| JSE sector: | Speciality REITs | ||
| Structure: | Fully integrated & internally managed REIT | ||
| Financial year-end: | March | ||
| Number of properties: | 66 | ||
| Total property value: | R6.2 billion | ||
| Debt as a % of property assets: | 27.3% | ||
| Hedging of debt: | 93.2% hedged on net debt basis | ||
| Total GLA: | 429 400 m² | ||
| Average property size: | SA: 7 200 m² + | ||
| UK: 4 100 m² + | |||
| Total number of tenants: | 33 100 + | ||
| Average rental rate: | Closing rental rate R102.30/m² (SA); £21.68/sqf (UK) | ||
| Portfolio occupancy: | 83.7% (SA); 84.2% (UK) | ||
| Target occupancy: | 90% | ||
| Geographical representation: | SA: JHB, PTA, CT, DBN, PE & BFN | ||
| UK: Portfolio bias towards the South and South East | |||
Highlights of September 2019 Results (Interim Results 2020) |
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| Distributable earnings (R'millions) | |||
| Dividend per share (cents) | |||
Development Pipeline |
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| Number of properties: | 8 | ||
| Estimated GLA to be developed : | c. 53 000 m² | ||
| Estimated development value: | c. R700 million | ||