The only SA-focused property stocks — besides perennial outperformers Fortress Income Fund and Resilient Reit — that count among the sector’s top 10 in terms of share price growth over 12 months are self-storage operator Stor-Age Property Reit and logistics play Equites Property Fund. The two counters are up 18% and 39% in the year to September 29. That compares with a 6% rise in the SA listed property index as a whole over the same period. Analysts say demand for specialist offerings such as Stor-Age and Equites is indicative of growing appetite for stocks that invest in nontraditional real estate sectors.Self-storage is a particularly interesting sector given that it is still in its infancy in SA. Wynand Smit, research analyst at Anchor Stockbrokers, says there is no doubt that self-storage is increasingly on the radars of SA investors as the dynamics are attractive, especially relative to more established property sectors. Some of the demand drivers for self-storage, such as life...

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