Stor-Age Property REIT Ltd
Stor-Age is the largest self storage property fund and most recognisable 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) at 31 March 2025. The maximu… Read more
Stor-Age Property REIT Ltd (SSS) - Net Assets
Latest net assets as of September 2025: ZAC8.67 Billion ZAC
Based on the latest financial reports, Stor-Age Property REIT Ltd (SSS) has net assets worth ZAC8.67 Billion ZAC as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ZAC14.01 Billion) and total liabilities (ZAC5.34 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ZAC8.67 Billion |
| % of Total Assets | 61.9% |
| Annual Growth Rate | 48.74% |
| 5-Year Change | 51.06% |
| 10-Year Change | 519.1% |
| Growth Volatility | 220.9 |
Stor-Age Property REIT Ltd - Net Assets Trend (2015–2025)
This chart illustrates how Stor-Age Property REIT Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Stor-Age Property REIT Ltd (2015–2025)
The table below shows the annual net assets of Stor-Age Property REIT Ltd from 2015 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ZAC8.55 Billion | +12.46% |
| 2024-03-31 | ZAC7.60 Billion | +5.61% |
| 2023-03-31 | ZAC7.19 Billion | +8.30% |
| 2022-03-31 | ZAC6.64 Billion | +17.44% |
| 2021-03-31 | ZAC5.66 Billion | +22.83% |
| 2020-03-31 | ZAC4.61 Billion | -0.42% |
| 2019-03-31 | ZAC4.62 Billion | +32.35% |
| 2018-03-31 | ZAC3.49 Billion | +84.90% |
| 2017-03-31 | ZAC1.89 Billion | +36.92% |
| 2016-03-31 | ZAC1.38 Billion | +756.82% |
| 2015-03-31 | ZAC161.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Stor-Age Property REIT Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 239901887300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ZAC2.37 Billion | 28.02% |
| Common Stock | ZAC5.42 Billion | 64.03% |
| Other Components | ZAC673.01 Million | 7.95% |
| Total Equity | ZAC8.47 Billion | 100.00% |
Stor-Age Property REIT Ltd Competitors by Market Cap
The table below lists competitors of Stor-Age Property REIT Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LANCOR HOLDINGS LTD.
NSE:LANCORHOL
|
$5.00 Million |
|
Mukdahan International Hospital Public Company Limited
BK:HANN
|
$5.00 Million |
|
Solid Automotive Bhd
KLSE:5242
|
$5.00 Million |
|
Da Lue International Holding Co Ltd
TWO:4804
|
$5.00 Million |
|
AMEN Properties Inc
PINK:AMEN
|
$5.00 Million |
|
Conifer Holding Inc
NASDAQ:CNFR
|
$5.00 Million |
|
Monroe Federal Bancorp, Inc.
OTCQB:MFBI
|
$5.00 Million |
|
ESOTIQ + HENDERSON ZY-10
F:K4Q
|
$4.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Stor-Age Property REIT Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,534,040,000 to 8,465,739,000, a change of 931,699,000 (12.4%).
- Net income of 1,411,286,000 contributed positively to equity growth.
- Dividend payments of 548,353,000 reduced retained earnings.
- Share repurchases of 16,213,000 reduced equity.
- Other comprehensive income decreased equity by 676,270,000.
- Other factors increased equity by 761,249,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ZAC1.41 Billion | +16.67% |
| Dividends Paid | ZAC548.35 Million | -6.48% |
| Share Repurchases | ZAC16.21 Million | -0.19% |
| Other Comprehensive Income | ZAC-676.27 Million | -7.99% |
| Other Changes | ZAC761.25 Million | +8.99% |
| Total Change | ZAC- | 12.37% |
Book Value vs Market Value Analysis
This analysis compares Stor-Age Property REIT Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 97.04x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1470.28x to 97.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-03-31 | ZAC1.16 | ZAC1699.00 | x |
| 2016-03-31 | ZAC9.90 | ZAC1699.00 | x |
| 2017-03-31 | ZAC14.25 | ZAC1699.00 | x |
| 2018-03-31 | ZAC15.05 | ZAC1699.00 | x |
| 2019-03-31 | ZAC14.28 | ZAC1699.00 | x |
| 2020-03-31 | ZAC11.61 | ZAC1699.00 | x |
| 2021-03-31 | ZAC13.39 | ZAC1699.00 | x |
| 2022-03-31 | ZAC14.80 | ZAC1699.00 | x |
| 2023-03-31 | ZAC14.91 | ZAC1699.00 | x |
| 2024-03-31 | ZAC15.70 | ZAC1699.00 | x |
| 2025-03-31 | ZAC17.51 | ZAC1699.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Stor-Age Property REIT Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 101.51%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.64x
- Recent ROE (16.67%) is above the historical average (16.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 67.16% | 106.11% | 0.08x | 7.57x | ZAC92.08 Million |
| 2016 | 4.09% | 91.37% | 0.04x | 1.15x | ZAC-81.52 Million |
| 2017 | 12.74% | 133.43% | 0.08x | 1.21x | ZAC51.74 Million |
| 2018 | 16.63% | 173.59% | 0.07x | 1.32x | ZAC229.88 Million |
| 2019 | 5.60% | 48.11% | 0.08x | 1.53x | ZAC-202.09 Million |
| 2020 | 2.29% | 14.91% | 0.09x | 1.68x | ZAC-352.34 Million |
| 2021 | 21.22% | 148.16% | 0.09x | 1.51x | ZAC630.48 Million |
| 2022 | 15.46% | 110.21% | 0.09x | 1.59x | ZAC360.04 Million |
| 2023 | 10.15% | 65.47% | 0.09x | 1.69x | ZAC10.96 Million |
| 2024 | 9.37% | 54.69% | 0.10x | 1.74x | ZAC-47.19 Million |
| 2025 | 16.67% | 101.51% | 0.10x | 1.64x | ZAC564.71 Million |
Industry Comparison
This section compares Stor-Age Property REIT Ltd's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $1,301,015,000
- Average return on equity (ROE) among peers: 14.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Stor-Age Property REIT Ltd (SSS) | ZAC8.67 Billion | 67.16% | 0.62x | $5.00 Million |
| Equites Property Fund Ltd (EQU) | $1.30 Billion | 14.15% | 0.11x | $7.85 Million |