JSE-listed self-storage company Stor-Age performed strongly in the year to March 31, 2026, both in its South Africa portfolio and in the UK, where trading conditions were tough.
Stor-Age Property REIT increased distributable income per share 5,1% to 129,29 cents for the year to end-March and it has guided similar growth of 5% for its new financial year.
A final dividend of 56,62 cents per share was declared and the annual dividend was 5,1% higher at 116,36 cents per share. Stor-Age is the only JSE listed REIT that focuses on the self storage market.
"The South African business delivered an excellent performance, our balance sheet remains conservatively positioned, and we made meaningful progress across acquisitions, developments, joint ventures and third-party management. While the UK trading environment was tougher, the long-term fundamentals of the market remain attractive," said the CEO Gavin Lucas.
He said the SA market remains attractive, supported by strong demand, the scale and visibility of the Stor-Age brand, a fragmented competitive landscape and a growing pipeline of acquisition and development opportunities.
