Stor-Age Property REIT Limited stands out on the Johannesburg Stock Exchange (JSE) as the premier real estate investment trust (REIT) dedicated to the self-storage sector, marking its unique position with operations spanning both South Africa and the United Kingdom. The strategic distribution of its portfolio, with a larger share in South Africa but significant...
Storage (SSS) is the JSE's only real estate investment trust (REIT) which specialises in buying and running domestic storage facilities in all major South African cities and in the UK. Its business is split about 60% in South Africa and 40% in the UK. It expects its UK business to exceed the South African business in due course. The company owns 74 properties...
SSS (store-age) has been holding value area low support at R13,00 for quite some time now and is starting to make bullish channel breakup
confirmation will be a close above R14,00 for long entry
The stock is in a Corrective structure. It is best to wait for a breakout because Corrections can become complex and take longer than expected. After Correction i anticipate a rally to around 8000c.
Stor-Age is a solid property REIT company. It's well run and solid dividend payer. It's has been trading in a consolidation zone between 1280 and 1400 for 4 months now. Watch the 1400 level for a break higher. This company is not going to shoot the lights out anytime soon, but for a patient longer term investor that is looking for a good dividend payer, this is a gem.
