Stor-Age Property REIT Ltd is a real estate investment trust.
Stor-Age Property REIT Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||R13.85|
|52 Week High||R11.62|
|52 Week Low||R14.50|
|1 Month Change||-0.65%|
|3 Month Change||1.84%|
|1 Year Change||16.39%|
|3 Year Change||9.92%|
|5 Year Change||36.45%|
|Change since IPO||39.76%|
Recent News & Updates
|SSS||ZA REITs||ZA Market|
Return vs Industry: SSS underperformed the ZA REITs industry which returned 39.4% over the past year.
Return vs Market: SSS underperformed the ZA Market which returned 21.2% over the past year.
Stable Share Price: SSS is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: SSS's weekly volatility (2%) has been stable over the past year.
About the Company
Stor-Age Property REIT Ltd is a real estate investment trust. The firm invests in the real estate markets of South Africa. It is focused on the ownership, acquisition, development and management of prime self storage assets.
Stor-Age Property REIT Fundamentals Summary
|SSS fundamental statistics|
Is SSS overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SSS income statement (TTM)|
|Cost of Revenue||R206.44m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
Nov 16, 2021
|Earnings per share (EPS)||2.75|
|Net Profit Margin||148.16%|
How did SSS perform over the long term?See historical performance and comparison
7.7%Current Dividend Yield
Is Stor-Age Property REIT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SSS (ZAR13.85) is trading below our estimate of fair value (ZAR17.78)
Significantly Below Fair Value: SSS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SSS is good value based on its PE Ratio (5x) compared to the ZA REITs industry average (11.8x).
PE vs Market: SSS is good value based on its PE Ratio (5x) compared to the ZA market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SSS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SSS is overvalued based on its PB Ratio (1.1x) compared to the ZA REITs industry average (0.6x).
How is Stor-Age Property REIT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Stor-Age Property REIT has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Stor-Age Property REIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSS has a large one-off gain of ZAR803.2M impacting its March 31 2021 financial results.
Growing Profit Margin: SSS's current net profit margins are higher than last year (14.9%).
Past Earnings Growth Analysis
Earnings Trend: SSS's earnings have grown by 19.8% per year over the past 5 years.
Accelerating Growth: SSS's earnings growth over the past year (1036.7%) exceeds its 5-year average (19.8% per year).
Earnings vs Industry: SSS earnings growth over the past year (1036.7%) exceeded the REITs industry 111.5%.
Return on Equity
High ROE: SSS's Return on Equity (21.3%) is considered high.
How is Stor-Age Property REIT's financial position?
Financial Position Analysis
Short Term Liabilities: SSS's short term assets (ZAR260.1M) do not cover its short term liabilities (ZAR1.1B).
Long Term Liabilities: SSS's short term assets (ZAR260.1M) do not cover its long term liabilities (ZAR1.7B).
Debt to Equity History and Analysis
Debt Level: SSS's debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: SSS's debt to equity ratio has increased from 9.4% to 36.3% over the past 5 years.
Debt Coverage: SSS's debt is well covered by operating cash flow (22.7%).
Interest Coverage: SSS's interest payments on its debt are well covered by EBIT (7.7x coverage).
What is Stor-Age Property REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SSS's dividend (7.66%) is higher than the bottom 25% of dividend payers in the ZA market (3.05%).
High Dividend: SSS's dividend (7.66%) is low compared to the top 25% of dividend payers in the ZA market (8.04%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SSS has been paying a dividend for less than 10 years.
Growing Dividend: SSS's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (98.8%), SSS's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Gavin Mark Lucas, CA(SA) serves as the Chief Executive Officer at Stor-Age Property REIT Limited and has been its Executive Director since May 25, 2015. Mr. Lucas founded the Stor-Age Group in 2005 and...
CEO Compensation Analysis
Compensation vs Market: Gavin's total compensation ($USD184.65K) is below average for companies of similar size in the ZA market ($USD717.23K).
Compensation vs Earnings: Gavin's compensation has increased by more than 20% in the past year.
Experienced Board: SSS's board of directors are considered experienced (3.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SSS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
Stor-Age Property REIT Limited's employee growth, exchange listings and data sources
- Name: Stor-Age Property REIT Limited
- Ticker: SSS
- Exchange: JSE
- Founded: 2006
- Industry: Specialized REITs
- Sector: Real Estate
- Market Cap: R5.995b
- Shares outstanding: 432.88m
- Website: https://www.stor-age.co.za/cape-town
Number of Employees
- Stor-Age Property REIT Limited
- 216 Main Road
- Cape Town
- Western Cape
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 22:48|
|End of Day Share Price||2021/10/15 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.