Stor-Age ups dividend as Covid-19 bodes well for storage spaces

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Stor-Age ups dividend as Covid-19 bodes well for storage spaces
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Company expects pandemic’s effect on the way people work to boost demand for self-storage units

Personal storage landlord Stor-Age Property Fund has upped its total dividend for its year to end-March, expressing optimism in its outlook as the Covid-19 pandemic results in dislocation and shakes up traditional business models.

The group declared a total dividend of 112.05c per share for its year to end-March, after reporting it had collected 93% and 98% of rental due in SA and the UK respectively for April and May.

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