Stor-Age Property REIT Ltd 2023 Integrated Report
Company: Stor-Age Property REIT Ltd
Sector: Real estate
Country: South Africa
Year: 2023
Type: Integrated Report
Pages: 212
The report highlights Stor-Age Property REIT Limited's robust financial and operational performance for the financial year ended March 31, 2023, delivering a 5.6% year-on-year dividend increase. The company expanded its portfolio to 93 trading properties across South Africa and the UK, including the acquisition of Think Secure Self Storage and the post-year-end acquisition of the Easistore portfolio. In line with its ESG strategy, Stor-Age increased its renewable energy investment to over R21.5 million, installing solar PV systems at nine additional properties to bring the total to 34. These sustainability efforts contributed to a 15% year-on-year reduction in total Scope 1, 2, and 3 greenhouse gas emissions in South Africa.
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