Stor-Age Property REIT Ltd. (SSS)

Overview

Stor-Age is distinguished as the preeminent self-storage property fund and the most recognizable brand in the self-storage industry within South Africa (SA). Its operational footprint extends beyond SA to the United Kingdom (UK), marking it as a significant player in the international self-storage market. As of September 30, 2023, the company boasts a sizeable portfolio of 97 trading properties; 60 of these are conveniently located across SA, while the remaining 37 are situated in the UK. This extensive network provides comprehensive storage solutions to over 49,000 customers, underscoring Stor-Age’s pivotal role in meeting diverse storage needs. The total value of Stor-Age’s portfolio, inclusive of properties managed through joint venture (JV) partnerships, reached an impressive R16.2 billion, with the SA portion valued at R5.9 billion and the UK segment at £449 million. Demonstrating a commitment to growth and innovation, the company’s total lettable area, including its pipeline and ongoing developments, surpasses 650,000m². A testament to its operational strength and commitment to service excellence, Stor-Age employs over 470 staff members across its SA and UK operations. Having solidified its market position and investor trust, Stor-Age proudly advanced to a public listing on the Johannesburg Stock Exchange in November 2015.

Products and Services

• Self-Storage Spaces:

Stor-Age offers a variety of self-storage units designed to accommodate the diverse needs of both individual and business customers. Ranging from small units for personal items to large spaces suitable for business inventory, Stor-Age provides secure, convenient, and flexible storage solutions. These units are ideal for storing household goods, documents, equipment, and excess stock, catering to customers requiring short-term or long-term storage options.

• Business Storage Solutions:

Understanding the unique storage needs of businesses, Stor-Age has developed specialized solutions to support operations, whether for document archiving, equipment storage, or excess inventory. These solutions are tailored to help businesses optimize their space, improve inventory management, and ensure secure storage of valuable assets.

• Packaging Materials:

Complementing its storage services, Stor-Age also offers a comprehensive range of packaging materials. Customers can purchase boxes, bubble wrap, tape, and other packaging supplies directly from Stor-Age facilities, providing a one-stop solution for all their packing and storage needs.