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 31 March 2025

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:	112¹
Total property value:	R19.3 billion²
Debt as a % of property assets:	27.8%
Hedging of debt:	68.9% hedged on net debt basis
Total GLA:	648 800 m²
Average property size:	SA: 7 300 m² +
	UK: 3 950 m² +
Total number of tenants:	57 600 +
Closing rental rate:	R167.8/m² (SA); £27.9/sqf (UK)³
Portfolio occupancy (owned):	91.4% (SA) 81.5% (UK)
Target occupancy:	90.5%
Geographical representation:	SA: JHB, PTA, CT, DBN, PE and BFN
	UK: Portfolio bias towards the South and South East
Property Pipeline
Number of properties:	32
Estimated GLA to be developed :	c. 135 000 m² +