Market Wrap - Stock Pick — Stor-Age
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Grant Gilburt from Nedbank Private Wealth chose Stor-Age Prop REIT Ltd as his stock pick of the day.
"My pick is Stor-Age, it's a very niche fund avoiding all commercial property that is to focused on office space or retail space. Stor-Age as the name suggests is a storage player we should see at least small distribution growth which is much better than the rest of the sector but it has been selling off quite a bit. It is also quite a nice defensive player in the current market."
"My pick is Stor-Age, it's a very niche fund avoiding all commercial property that is to focused on office space or retail space. Stor-Age as the name suggests is a storage player we should see at least small distribution growth which is much better than the rest of the sector but it has been selling off quite a bit. It is also quite a nice defensive player in the current market."
