Stor-Age: a ‘ridiculously’ cheap small cap
Stor-Age’s UK tilt is no lack-of-faith showing in SA, it says. Its share price? Now that’s another matter
The JSE’s only self-storage real estate investment trust (Reit), Stor-Age, has inked a deal to buy four properties in the Leeds area of the UK for £37.5m. It’s using R550m raised from a JSE bookbuild to complete the purchase. The FM spoke to CEO Gavin Lucas about the group’s latest foray.
Are you doing everything you can to externalise Stor-Age and not rely on SA for growth?..