Stor-Age Property REIT Limited. JSE: SSS

Stor-Age shares

Background of Stor-Age

  • Established in 2005, Stor-Age Property REIT is the largest specialised self-storage property fund in South Africa, with a portfolio of 43 properties, represented by 32 trading properties and 11 development properties, situated in Cape Town, Johannesburg, Pretoria, Durban, Port Elizabeth and Bloemfontein. Despite having a short history, Stor-Age has quickly grown its portfolio to more than R2 billion in value today, with more growth forecast for the future.

  • Services include household, business and student self-storage, along with packaging and van hire. The company currently boasts more than 14 000 tenants.

  • The group is a fully integrated, internally managed REIT, with Stor-Age shares for sale on the Johannesburg Stock Exchange (JSE). The group has been listed since November 2015 and has a market cap of R1.4 billion, with Stor-Age share price already showing gains on the live online stocks chart.

Stor-Age Shares Growth Driver

  • Stor-Age was established to be a highly specialised property fund aiming to take advantage of the niche self-storage sub sector. The company’s objective is to create an income stream from high-quality self-storage properties with good potential for capital growth through increasing rentals and occupancy levels, whilst expanding existing properties and making moves to buy additional properties. These goals are backed up by modern facilities, digital platforms and state-of-the-art operating systems.

  • Since listing in November 2015, the company has exceeded its forecast distributions by 5%, achieving distributions of just over 30 cents for the period ended 31 March 2016. It has quickly established itself as the leading self storage company in South Africa, boasting the largest GLA footprint and managing to open an average of five new stores per year. The portfolio is well-diversified in prime urban areas within South Africa’s major metropolitans, whilst very low capital expenditure is needed to maintain the company’s position.

  • The group’s financial data indicates impressive performance since listing, with most key performance indicators being exceeded. Portfolio occupancy increased from 151 777 m² to 155 700 m², an increase of 3 923 m², translating into a closing occupancy of 86%.

  • During 2014 and 2015, a series of research projects were completed to chart a way forward leading to 2020. The company intends to continue expanding its portfolio in South Africa, capitalising on an undersupplied and resilient market, whilst also investigating opportunities to buy into international expansion in the medium-term.

Stor-Age Group Investor Tip

  • Stor-Age is a vibrant company which has cemented a leading position in the national self-storage market. Stor-Age share price has already shown encouraging signs of growth on the JSE, and the company benefits from offering a core product which has traditionally been resilient in challenging trade conditions. Stor-Age shares are increasingly attracting the confidence of investors, and have been touted as one of the bourse’s hot stocks to buy. The group has forecast annualised dividends growth of 10% going forward, which will further boost the attractiveness of Stor-Age shares.

Stor-Age Major Shareholders

Coronation Asset Management (Pty) Ltd, Old Mutual plc, Catalyst Fund Managers SA (Pty) Ltd., L Lucas

  • Sector

    Financials

  • Industry

    Real Estate

  • Sub industry

    REIT

How to buy Stor-Age Group Shares

  • Stor-Age : How to buy Stor-Age Group Shares Online

    We have made it simple to buy JSE listed firm shares online. The easiest way to buy Stor-Age Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Stor-Age Group and assist you with the setup and management of your stock portfolio account.

  • Here are the steps you must follow to Buy / Purchase Stor-Age Group shares with utmost confidence:

    1. Start by Filling in the BUY THIS SHARE form.
    2. Insert your name, email, telephone number and monthly remuneration.
    3. Then, Indicate the amount you are looking to invest in Stor-Age Group.
    4. Click the “ INVEST NOW” button
    5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
    6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)
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<a href="https://www.sashares.co.za/stor-age-shares">Credits: SA Shares™</a>
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