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Real EstateJSEZAR

Stor-Age Property REIT

R0012345678900123456789.0012345678900123456789-5.9%
52w low (est.) R13.63R20.09 52w high (est.)
Peers
Market data
Market cap
R8.48B
52-week range
R15.35 – R41.90
Beta (vs market)
0.15
Sector
Real Estate
Valuation
P/E ratio
7.4x
DCF fair value
R36.48
Margin of safety
+122.8%
Forward P/E
12.3x
Dividend yield
6.88%
Quality & efficiency
Moat score
72/100
Return on equity
12.6%
Profit margin
77.1%
Debt / equity
0.46
Growth & analysts
Revenue growth (YoY)
+2.2%
Analyst target
R17.69
Target upside
+8.0%
Analysts covering
2

About Stor-Age Property REIT

Stor-Age Property REIT Limited is the largest self storage property fund and most recognizable brand in SA. The portfolio consists of 108 properties across SA (63) and the UK (45) as at June 2025, providing storage to more than 55 000 customers. The combined value of the portfolio, including properties managed in our JV partnerships, was R18.5 billion (SA – R6.6 billion, UK – 500 million pounds) at 31 March 2025. The maximum lettable area, including the development pipeline and ongoing projects, exceeds 700 000m. The group employs more than 500 staff across SA and the UK. Stor-Age has been listed on the Johannesburg Stock Exchange since November 2015.

Valuation

ValueGrowthProfitHealthIncome78QUALITY
Overall Rating
83
Strong Buy
Strong Buy
Moat Score72
DCF Intrinsic Value
R36.48+122.8% upside

Moat, DCF and rating computed by our valuation engine (ported from the original Python model).

Fundamentals

Market Cap
R8.48B
P/E Ratio
7.4
Dividend Yield
6.88%
Revenue Growth
+2.2%
Profit Margin
77.1%
ROE
12.6%
Debt / Equity
0.46
Beta
0.15
ValueDividend AristocratsBeaten Down
vs Real Estate sector:P/E 7 vs 0 Moat 72 vs 0Yield 6.88% vs 0.0%

Statistics

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