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Stor-Age Property REIT Ltd (SSSJ.J)

SSSJ.J on Johannesburg Stock Exchange

1,298.00ZAc
23 Apr 2018
Change (% chg)

21.00 (+1.64%)
Prev Close
1,277.00
Open
1,277.00
Day's High
1,300.00
Day's Low
1,277.00
Volume
43,305
Avg. Vol
254,734
52-wk High
1,400.00
52-wk Low
1,105.00

Latest Key Developments (Source: Significant Developments)

Stor-Age property REIT says HY ‍total revenue up 43.0 pct to 124.0 mln rand​
Tuesday, 21 Nov 2017 12:06am EST 

Nov 21 (Reuters) - STOR-AGE PROPERTY REIT LTD ::HY ‍TOTAL REVENUE (PROPERTY REVENUE AND OTHER REVENUE) INCREASED BY 43.0% TO R124.0 MILLION (2016: R86.7 MILLION)​.HY ‍OPERATING PROFIT INCREASE BY 50.2% TO R84.5 MILLION (2016: R56.2 MILLION)​.HY ‍RENTAL INCOME AMOUNTED TO R110.1 MILLION (2016: R75.6 MILLION), A 45.7% INCREASE COMPARED TO PRIOR YEAR​.‍GROSS INTERIM DIVIDEND OF 47.02 CENTS PER SHARE FOR SIX MONTHS ENDED 30 SEPTEMBER 2017.  Full Article

Stor-Age Property REIT updates in respect of acquisition of Dancor
Friday, 3 Nov 2017 09:05am EDT 

Nov 3 (Reuters) - STOR-AGE PROPERTY REIT LTD ::‍CONDITIONS PRECEDENT IN REGARD TO ACQUISITION OF DANCOR HAVE BEEN SATISFIED, AND BECAME EFFECTIVE ON 2 NOV 2017​.  Full Article

Stor-Age Property says placing books "significantly oversubscribed"​​
Tuesday, 24 Oct 2017 07:23am EDT 

Oct 24 (Reuters) - Stor-age Property Reit Ltd ::‍HAS SUCCESSFULLY CLOSED ITS BOOKBUILD ANNOUNCED EARLIER ON 24 OCTOBER 2017​.BLOCK TRADE - STOR-AGE PROPERTY REIT- ‍AMOUNT OF EQUITY TO BE RAISED WAS INCREASED TO ABOUT R1.3 BILLION. AT THIS LEVEL, BOOK WAS SIGNIFICANTLY OVERSUBSCRIBED​.BLOCK TRADE - STOR-AGE PROPERTY REIT: - ‍110 977 620 NEW ORDINARY SHARES WERE PLACED PURSUANT TO BOOKBUILD AT PRICE OF R11.50 PER BOOKBUILD SHARE​.  Full Article

Block Trade - Stor-Age Property says ‍launch of equity raising about 900 mln rand
Tuesday, 24 Oct 2017 03:29am EDT 

Oct 24 (Reuters) - STOR-AGE PROPERTY REIT LTD : :BLOCK TRADE - STOR-AGE PROPERTY REIT: ‍LAUNCH OF EQUITY RAISING OF ABOUT R900 MILLION THROUGH ISSUE OF NEW ORDINARY SHARES ​.BLOCK TRADE - STOR-AGE PROPERTY REIT: ‍EQUITY RAISE WILL BE COMPLETED, IN PART, BY WAY OF VENDOR CONSIDERATION PLACINGS.BLOCK TRADE - STOR-AGE PROPERTY REIT: BALANCE OF EQUITY RAISE AUTHORISED IN TERMS OF STOR-AGE'S EXISTING GENERAL AUTHORITY TO ISSUE SHARES FOR CASH​.  Full Article

Stor-Age Property agrees on terms of a 145 mln rand deal
Tuesday, 10 Oct 2017 06:38am EDT 

Oct 10 (Reuters) - STOR-AGE PROPERTY REIT LTD ::‍TERMS ANNOUNCEMENT IN RESPECT OF ACQUISITION OF STORTOWN IN KWAZULU NATAL AND WITHDRAWAL OF CAUTIONARY​.‍SUBSCRIBE FOR 99.9 PCT OF SHARES IN DANCOR FOR R145,000,000​.‍EFFECTIVE DATE OF TRANSACTION SHALL BE LATER OF 1 NOVEMBER 2017​.  Full Article

Stor-Age Property REIT says total dividend up 10 pct
Tuesday, 13 Jun 2017 01:53am EDT 

June 13 (Reuters) - Stor-age Property REIT Ltd ::Ttotal dividend up 10 pct to 88.05 cents per share for the year ended 31 march 2017​.FY ‍closing occupancy rate of 85 pct​.Anticipates dividend growth of about 9-10 pct for year ending 31 March 2018.Says "‍domestic economic environment remains tough with little respite expected in short-term​".  Full Article

Stor-Age Property Reit to buy DanCor Properties
Thursday, 8 Jun 2017 06:00am EDT 

June 8 (Reuters) - Stor-age Property Reit Ltd :‍Entered into a MOU with shareholders of Dancor Properties Proprietary in terms of which Stor-Age will acquire 100 pct of shares in Dancor​.  Full Article

Stor-Age Property REIT says placed nearly 37 mln shares via book build
Monday, 20 Feb 2017 10:18am EST 

Stor-Age Property REIT Limited : Book build was significantly over-subscribed. Company has now successfully priced and closed book build. .Nearly 37 million new ordinary shares were placed pursuant to book build at a price of r10.81 per book build share.  Full Article

Stor-Age Property says bookbuild open for 400 mln rand equity raise
Monday, 20 Feb 2017 02:14am EST 

Stor-age Property Reit Ltd : Advised that book build is now open .Reserves right to close book build at any time and increase or decrease size of book build subject to demand.  Full Article

Stor-Age Property to buy remaining shares in Storage RSA
Monday, 12 Dec 2016 12:06am EST 

Stor-Age Property REIT Limited : Jse: Sss - Acquisition Of Storage RSA, Update In Respect Of The Somerset West Transaction And Withdrawal Of Cautionary . Stor-Age will acquire entire issued share capital of Storage RSA, together with shareholders' loan claims against Storage RSA . Subscribe for 99.99 pct of shares in Storage RSA for an aggregate total consideration of r278 225 530 . Acquire remaining 0.01 pct of shares in Storage RSA from existing shareholders for r1 000 . Has made significant progress with respect to proposed acquisition by stor-age of units 1-4 somerset west business park proprietary limited .Acquire shareholders' loans owing by Storage RSA to existing shareholders for an aggregate consideration of r10 541 593.  Full Article

BRIEF-Stor-Age Property REIT updates in respect of acquisition of Dancor

* ‍CONDITIONS PRECEDENT IN REGARD TO ACQUISITION OF DANCOR HAVE BEEN SATISFIED, AND BECAME EFFECTIVE ON 2 NOV 2017​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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