Specialist self-storage real estate investment trust (Reit) Stor-Age Property has been approved for a secondary listing on A2X Markets.
Its shares will be available for trade on A2X from September 27.
Stor-Age, with a market cap of about R6.5-billion, will retain its primary listing on the JSE and its issued share capital will be unaffected by its secondary listing on A2X.
“Our secondary listing on A2X complements our primary listing on the JSE, providing our shareholders with the benefit of an additional platform on which to trade the company’s shares, added liquidity, narrower spreads and lower exchange fees," comments Stor-Age CEO Gavin Lucas.
The company joins a variety of other Reits with a secondary listing on A2X, namely GrowthPoint, Equites Property Fund, Fairvest, NEPI Rockcastle, SA Corporate Real Estate and, most recently, MAS.