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:	109¹
Total property value:	R19.0 billion²
Debt as a % of property assets:	27.1%
Hedging of debt:	69.8% hedged on net debt basis
Total GLA:	633 400 m²
Average property size:	SA: 7 300 m² +
	UK: 3 950 m² +
Total number of tenants:	57 000 +
Closing rental rate:	R164.0/m² (SA); £27.6/sqf (UK)³
Portfolio occupancy (same store):	93.4% (SA) 81.6% (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:	22
Estimated GLA to be developed :	c. 103 000 m² +