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Stor-Age Property’s distributable earnings crossed the half-billion rand mark in its 2022 financial year as it benefited from the Covid-19 pandemic, which gave rise to new demand for self-storage, including a boost to home improvement.

The largest listed personal storage provider in SA said on Monday in results for the year end-March, distributable earnings increased 13.95% to R517.79m benefiting from the lockdown restrictions driving e-commerce that prompted companies and businesses to rethink their office needs...

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