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Storage King Group completes management internalisation, eyes growth amid profit dip
9:07am on Friday 14th of August, 2026 AEST
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Real Estate
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Storage King Group completes management internalisation, eyes growth amid profit dip
9:07am on Friday 14th of August, 2026 AEST
Key Points
46.6% decline in statutory net profit to $154.3 million
Management internalisation completed, aiming for $7 million annual cost savings
Portfolio valued at $3.9 billion with 204 stores across Australia and New Zealand
FY27 distribution guidance set at 4.5 cents per security with wider payout ratio
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STORAGE KING (ASX:SKG)
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