Stor-Age Property REIT Past Earnings Performance
Past criteria checks 1/6
Stor-Age Property REIT has been growing earnings at an average annual rate of 15.8%, while the Specialized REITs industry saw earnings growing at 17.5% annually. Revenues have been growing at an average rate of 16.1% per year. Stor-Age Property REIT's return on equity is 9.4%, and it has net margins of 54.7%.
Key information
15.8%
Earnings growth rate
11.3%
EPS growth rate
| Specialized REITs Industry Growth | 20.0% |
| Revenue growth rate | 16.1% |
| Return on equity | 9.4% |
| Net Margin | 54.7% |
| Next Earnings Update | 12 Nov 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Stor-Age Property REIT makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 1,291 | 706 | 190 | 0 |
| 31 Dec 23 | 1,253 | 621 | 186 | 0 |
| 30 Sep 23 | 1,215 | 537 | 182 | 0 |
| 30 Jun 23 | 1,161 | 631 | 170 | 0 |
| 31 Mar 23 | 1,107 | 725 | 159 | 0 |
| 31 Dec 22 | 1,065 | 949 | 141 | 0 |
| 30 Sep 22 | 1,023 | 1,174 | 123 | 0 |
| 30 Jun 22 | 974 | 1,097 | 115 | 0 |
| 31 Mar 22 | 925 | 1,020 | 107 | 0 |
| 31 Dec 21 | 885 | 995 | 107 | 0 |
| 30 Sep 21 | 845 | 970 | 106 | 0 |
| 30 Jun 21 | 825 | 1,081 | 101 | 0 |
| 31 Mar 21 | 805 | 1,192 | 96 | 0 |
| 31 Dec 20 | 784 | 838 | 84 | 0 |
| 30 Sep 20 | 762 | 484 | 72 | 0 |
| 30 Jun 20 | 733 | 294 | 66 | 0 |
| 31 Mar 20 | 704 | 105 | 59 | 0 |
| 31 Dec 19 | 669 | 246 | 54 | 0 |
| 30 Sep 19 | 635 | 387 | 48 | 0 |
| 30 Jun 19 | 585 | 322 | 48 | 0 |
| 31 Mar 19 | 535 | 258 | 47 | 0 |
| 31 Dec 18 | 489 | 405 | 49 | 0 |
| 30 Sep 18 | 443 | 552 | 51 | 0 |
| 30 Jun 18 | 388 | 564 | 44 | 0 |
| 31 Mar 18 | 332 | 577 | 37 | 0 |
| 31 Dec 17 | 275 | 450 | 32 | 0 |
| 30 Sep 17 | 218 | 323 | 27 | 0 |
| 30 Jun 17 | 199 | 282 | 26 | 0 |
| 31 Mar 17 | 180 | 241 | 25 | 0 |
| 31 Mar 16 | 186 | 170 | 27 | 0 |
| 31 Mar 15 | 102 | 108 | 28 | 0 |
Quality Earnings: SSS has a large one-off gain of ZAR251.1M impacting its last 12 months of financial results to 31st March, 2024.
Growing Profit Margin: SSS's current net profit margins (54.7%) are lower than last year (65.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SSS's earnings have grown by 15.8% per year over the past 5 years.
Accelerating Growth: SSS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SSS had negative earnings growth (-2.5%) over the past year, making it difficult to compare to the Specialized REITs industry average (3.5%).
Return on Equity
High ROE: SSS's Return on Equity (9.4%) is considered low.