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Stor-Age ups dividend and flags further growth amid pandemic boost

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The storage specialist has benefited as Covid-19 shakes up business models, including home improvements, and boosts e-commerce

Stor-Age Property Reit, the only listed personal storage provider in SA, says it has continued to benefit from a pandemic-induced shake-up of companies’ business models, increasing its 2021 final dividend while also flagging further growth in its distributions.

Personal storage is gaining in popularity as a specialised property asset class globally amid a boost for online shopping, while the pandemic has also led to more people working from home, while businesses have rethought office space...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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