Stor-Age delivers strong FY25, declares final dividend of 53.56 cents

Stor-Age Property REIT (JSE:SSSE) has announced its audited consolidated financial results for the year ended 31 March 2025, showcasing strong trading results and declaring a final cash dividend of 53.56 cents per share. Distributable income per share increased by 4.1% to 123.01 cents, while rental income and net property operating income rose by 8.3% and 8.0%, respectively. Portfolio occupancy increased by 16,000m², closing at 91.8%. The group's net investment property value grew by 6.0% to R12.0 billion. Stor-Age completed the acquisition of Extra Attic in SA in September 2024 and three new properties, expanded third-party management, notably with Hines in the UK, and progressed its development pipeline of 83,000m² GLA across 18 projects. The board expects distributable income per share for FY26 to increase by 5-6% versus FY25.