Stor-Age Property REIT Limited

JSE:SSS Stock Report

Market Cap: R7.6b

Stor-Age Property REIT Past Earnings Performance

Past criteria checks 4/6

Stor-Age Property REIT has been growing earnings at an average annual rate of 12.9%, while the Specialized REITs industry saw earnings growing at 14.8% annually. Revenues have been growing at an average rate of 15.1% per year. Stor-Age Property REIT's return on equity is 15%, and it has net margins of 90.3%.

Key information

12.9%

Earnings growth rate

9.2%

EPS growth rate

Specialized REITs Industry Growth20.0%
Revenue growth rate15.1%
Return on equity15.0%
Net Margin90.3%
Next Earnings Update17 Jun 2025

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

JSE:SSS Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 241,3371,2081940
30 Jun 241,3149571920
31 Mar 241,2917061900
31 Dec 231,2536211860
30 Sep 231,2155371820
30 Jun 231,1616311700
31 Mar 231,1077251590
31 Dec 221,0659491410
30 Sep 221,0231,1741230
30 Jun 229741,0971150
31 Mar 229251,0201070
31 Dec 218859951070
30 Sep 218459701060
30 Jun 218251,0811010
31 Mar 218051,192960
31 Dec 20784838840
30 Sep 20762484720
30 Jun 20733294660
31 Mar 20704105590
31 Dec 19669246540
30 Sep 19635387480
30 Jun 19585322480
31 Mar 19535258470
31 Dec 18489405490
30 Sep 18443552510
30 Jun 18388564440
31 Mar 18332577370
31 Dec 17275450320
30 Sep 17218323270
30 Jun 17199282260
31 Mar 17180241250
31 Mar 16186170270
31 Mar 15102108280

Quality Earnings: SSS has a large one-off gain of ZAR331.5M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: SSS's current net profit margins (90.3%) are higher than last year (44.2%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SSS's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: SSS's earnings growth over the past year (125%) exceeds its 5-year average (12.9% per year).

Earnings vs Industry: SSS earnings growth over the past year (125%) exceeded the Specialized REITs industry 4.1%.

Return on Equity

High ROE: SSS's Return on Equity (15%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 08:18
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Stor-Age Property REIT Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mahir HamdulayAbsa Bank Limited
Sabena OmarAvior Capital Markets