Stor-Age eyes growth as densification propels demand for self-storage
Businesses are increasingly using the firm’s products as extensions of their operations
JSE-listed Stor-Age, SA’s only specialist self-storage real estate investment trust (Reit), is looking to grow its portfolio as demand for self-storage increases.
For the six months ended September, occupancies in SA and the UK were 90.6% and 83.9%, respectively. Same-store rental income was up 17.7% (SA recording growth of 13.6% and the UK 3.1%)...
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