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 2021
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: | 76 | ||
| Total property value: | R7.957 billion | ||
| Debt as a % of property assets: | 25% | ||
| Hedging of debt: | 100% hedged on net debt basis | ||
| Total GLA: | 449 100 m² | ||
| Average property size: | SA: 7 300 m² + | ||
| UK: 3 950 m² + | |||
| Total number of tenants: | 38 400 + | ||
| Closing rental rate: | R116.4/m² (SA); £22.50/sqf (UK) | ||
| Portfolio occupancy: | 88.3% (SA - 86.8%; UK - 94.1%) | ||
| Target occupancy: | 90.0% | ||
| 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: | 101 | ||
| Estimated GLA to be developed : | c. 59 000 m² + | ||
| Estimated development cost: | c. R850 million + | ||
1SA Properties only