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  3. •

    Real estate investment trusts
Stor-Age Property REIT Ltd.

Stor-Age Property REIT Ltd.

JJSE:SSS
1,639.00
ZAC
-7.00
(-0.43%)
853.66BMarket Cap
Nov 10Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.44
1.36
1.44
1.66
1.8
1.91
2.1
2.33
2.72
2.9
2.96
- -
Basic EPS, GAAP
0.41
1.81
2.5
0.8
0.27
2.83
2.31
1.53
1.49
2.95
2.28
- -
Free Cash Flow per Basic Share
-0.25
0.07
-0.11
-0.07
-0.15
- -
0.1
-0.1
-0.02
-0.07
0.15
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
9.9
10.68
11.49
11.7
11.49
12.98
13.9
15.04
15.82
17.58
18.24
18.24
Tangible Book Value per Share
9.31
10.21
11.01
11.34
11.11
12.64
13.59
14.71
15.48
17.24
17.93
17.93
Basic Weighted Avg Shares
139
133
230
322
392
422
441
475
475
479
491
491
Sales/Revenue/Turnover
62
180
332
535
704
805
925
1,107
1,291
1,390
1,453
- -
Operating Margin (%)
63.48
64.03
65.06
65.2
65.25
61.86
64
60.1
59.93
60.02
59.03
- -
Depreciation Expense
1
2
2
7
11
11
8
9
10
9
8
- -
Net Income, GAAP
57
241
577
258
105
1,192
1,020
725
706
1,411
1,120
- -
Effective Tax Rate (%)
- -
- -
0.66
0.92
- -
7.44
20.84
7.98
10.65
- -
1.98
- -
Profit Margin (%)
91.37
133.43
173.59
48.11
14.91
148.16
110.21
65.47
54.69
101.51
77.09
- -
Working Capital
-61
-261
-198
-313
-352
-838
-370
-285
-379
-128
-2,046
-2,046
LT Debt
132
112
798
1,686
2,354
1,619
2,842
3,700
4,229
4,689
2,328
2,328
Total Equity
1,380
1,890
3,494
4,625
4,605
5,657
6,643
7,195
7,599
8,545
9,402
9,402
Return on Invested Capital (%)
- -
- -
6.7
6.4
- -
6.15
5.81
5.95
6.03
- -
6.28
- -
Return on Capital (%)
- -
- -
18.81
6.21
- -
16.97
12.49
8.42
7.89
- -
10.25
- -
Return on Common Equity (%)
- -
14.72
21.53
6.39
2.29
23.4
16.7
10.55
9.63
17.64
12.59
- -

Capital Structure

ZAR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
31
102
1,976
LT Borrowings
4,285
4,239
1,953
LT Finance Leases
404
385
375
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
482
483
511
Market Capitalization
7,027
7,490
8,537

Working Capital

ZAR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
513
465
545
Cash, Cash Equivalents & STI
337
349
367
Accounts Receivable, Net
36
101
47
Inventories
8
7
6
Total Current Liabilities
641
707
2,591
Payables & Accruals
- -
- -
- -
ST Debt
31
102
1,976
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.04%
10.77%
10.03%
Free Cash Flow
-551.6%
-1,013.71%
-338%
Net Income, GAAP
142.1%
6.65%
-20.64%
Sales/Revenue/Turnover
44.62%
12.69%
4.5%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,291
2025
- -
- -
1,390
2026
- -
- -
1,453

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.49
2025
- -
- -
2.95
2026
- -
- -
2.28

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Gavin Mark Lucas
Full Time Employees
500
Sector
Finance
Industry
Real estate investment trusts
Address
216 Main Road Cape Town WC South Africa 7708
IPO Date
Nov 16, 2015
Website
stor-age.co.za
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Business
Stor-Age Property REIT Limited (JSE: SSS) is South Africa's leading self-storage real estate investment trust, owning and operating a portfolio of modern self-storage facilities that provide secure, flexible storage solutions to residential and commercial customers. The company offers a range of storage unit sizes and features, including climate-controlled options, drive-up access, business archiving services, and packing supplies; it manages facilities under the Stor-Age brand with advanced security systems such as CCTV, gated access, and on-site management. Stor-Age operates primarily in South Africa across major metropolitan areas including Cape Town, Johannesburg, Durban, and Pretoria, as well as in the United Kingdom through select facilities; founded in 2010 and headquartered in Claremont, Cape Town, South Africa, it focuses on the self-storage segment of the commercial real estate industry, targeting individual consumers, small businesses, and corporate clients seeking short- and long-term storage needs. In recent developments, Stor-Age completed the acquisition of its UK joint venture partner interests in 2024, achieving full consolidation of international assets and strengthening its European expansion; the company also announced a major development pipeline expansion in 2025, including new greenfield facilities in high-growth South African regions and portfolio enhancements through opportunistic purchases. Additionally, Stor-Age secured a R1.5 billion debt facility renewal in late 2024 to fund ongoing growth initiatives, reflecting robust financial positioning amid rising demand for self-storage amid urbanization trends.