SSS - Stor-Age Prop REIT Ltd

Oct 7, 2024 at 14:30 Twitter · Facebook

SSS share price on Johannesburg Stock Exchange

Stor-Age, a fully integrated and internally managed real estate investment trust (“REIT”), is the leading and largest self storage property fund and brand in South Africa.

A highly specialised property fund focused on the fast growing self storage sector, a niche sub-sector of the broader commercial property market, Stor-Age develops, acquires and manages high profile self storage properties.

Successfully listing on the JSE in November 2015, Stor-Age services more than 34 700 tenants across its portfolio of 79 properties (71 trading and 8 new properties in the development pipeline). The South African portfolio comprises 50 self storage properties totalling c. 365 400 m² of GLA. In the UK Stor-Age owns Storage King (6th largest UK self storage brand) comprising 21 self storage properties with c. 82 800 m² of GLA.

Stor-Age pioneered the development of high profile Big Box self storage properties in outstanding locations in South Africa. Stor-Age’s objective is to deliver an attractive income stream from a portfolio of high quality self storage properties with potential for income and capital growth through increasing rentals and occupancy levels, expanding existing properties and acquiring additional self storage properties.

Stor-Age Prop REIT Ltd is listed on the Johannesburg Stock Exchange (JSE). Stor-Age Prop REIT is traded on the JSE under the ticker symbol “SSS”. The International Securities Identification Number (ISIN) of JSE:SSS is ZAE000208963. Stor-Age Prop REIT Ltd is currently the 125th most valuable stock on the JSE with a market capitalization of ZAR 7.38 billion, which is about 0.036% of the Johannesburg Stock Exchange equity market.

SSS Stock Market Performance

The current share price of Stor-Age Prop REIT Ltd (SSS) is ZAR 15.21. SSS closed its last trading day (Friday, October 4, 2024) at 15.32 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 0.2% gain over its previous closing price of 15.29 ZAR. Stor-Age Prop REIT began the year with a share price of 13.06 ZAR and has since gained 17.3% on that price valuation, ranking it 121st on the JSE in terms of year-to-date performance. Shareholders can be optimistic about SSS knowing the stock has accrued 8% over the past four-week period—102nd best on JSE.

Stor-Age Prop REIT is the 74th most traded stock on the Johannesburg Stock Exchange over the past three months (Jul 8 - Oct 4, 2024). SSS has traded a total volume of 59.7 million shares—in 22,071 deals—valued at ZAR 827 million over the period, with an average of 948,134 traded shares per session. A volume high of 6.19 million was achieved on July 18th, and a low of 111,907 on August 21st, for the same period. The table below details the last 10 trading days of activity of Stor-Age Prop REIT on the Johannesburg Stock Exchange.

Profile of Stor-Age Property REIT Ltd.

Stor-Age Property REIT Ltd. operates in the Real Estate sector, specifically, the Real Estate Investment Trust industry.

SSS Industrial Market Competitors

Stor-Age Property REIT Ltd., issuers of the SSS stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Real Estate sector and/or Real Estate Investment Trust industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange