Stor-Age ups dividend after strong revenue growth
Demand for self-storage remains in most economic cycles, the company says
19 June 2023 - 10:19
SA’s largest listed personal storage provider, Stor-Age Property, increased its annual payout after reporting larger rental and net property income in its latest year-end results thanks to the ever-present demand for self-storage.
The real estate investment trust (Reit), valued about R6.4bn on the JSE, declared a 5.6% higher year-on-year total dividend of 118.14c, in line with its revised guidance of 5%-6% growth to end-March...
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