Fund Fact Sheet

Stor-Age is a highly specialised JSE listed property fund focused on the fast growing self storage sector, a niche sub-sector of the broader commercial property market.

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.

* As at 30 September 2024

Stor-Age Property REIT
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:	1071
Total property value:	R17.4 billion2
Debt as a % of property assets:	31.3%
Hedging of debt:	81.2% hedged on net debt basis
Total GLA:	608 400 m²
Average property size:	SA: 7 300 m² +
	UK:  3 950 m² +
Total number of tenants:	52 800 +
Closing rental rate:	R145/m² (SA); £27/sqf (UK)3
Portfolio occupancy (same store):	92.0% (SA) 85.3% (UK)
Target occupancy:	90.5%
Geographical representation:	SA: JHB, PTA, CT, DBN, PE and BFN
	UK: Portfolio bias towards the South and South East
Development Pipeline
Number of properties:	11
Estimated GLA to be developed :	c. 48 000 m² +

¹ Includes 100% of trading properties held in JVs and managed by the Group

² Includes 100% of trading properties held in JVs

³ UK rental quoted on an annual basis

 

FY25 Interim Highlights

2024 IAR

FY25 Interim Results Presentation

Results & Presentations

FY25 Interim Press Release

Media Room