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Stor-Age expands trading space amid steady stream of divorces, emigrations | Business

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Stor-Age, SA's biggest self-storage property fund, is pressing ahead with a double-digit expansion of its space in SA, confident in the resilience of its business model in its tough economic environments. | News24_Business

The real estate investment trust owns storage spaces in load shedding-hit SA, as well as the UK, which has been teetering on a recession. It reported 8.3% growth in its distributable earnings to R560.7 million in its year to end March.

It increased its dividend 5.6% to 118.14c per share and is expecting between about 115c to 121c per share for its 2024 year.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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