Stor-Age Property REIT Limited (SSS) Fair Value & Analysis
Real Estate · ZA · Market cap 8.3B ZAC
Fair value as of: Jul 20, 2026
From 16 valuation models · updated 22 days ago
Fair value updated Jul 20, 2026, revised from R19.80 to R21.86 (+10.4%) since Jun 26, 2026. Share price +0.8% over the past month.
A solid business, screening 34% undervalued on our models.
What matters now
- The price is below even our cautious bear case (R16.97). The market is more pessimistic than our downside scenario.
- Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (R16.97 to R43.85) leaves room in how you read the outcome.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.
How to read this chart
60‑month range R10.65 – R18.97 · fair‑value band R16.97 – R43.85 · the R16.31 price screens below the R21.86 fair value. Dashed = 300-day average. As of Jul 20, 2026.
Analysis
Stor-Age Property REIT Limited (SSS) currently trades at R16.31, while our model-based Fair Value estimate is R21.86, implying the stock looks roughly 34.0% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Stor-Age Property REIT Limited generated revenue of 1.4B ZAR at a net margin of 74.2%. Revenue grew 6.9% year over year. It earns a return on equity of 12.8%. Net debt stands at 3.9B ZAR. Fundamentals as of Jul 20, 2026
Our scenario range runs from R16.97 (bear case) to R43.85 (bull case); at R16.31, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Real Estate peers we cover trades at -45% fair-value upside, at 34%, SSS screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: DCF Models (R28.84) versus Asset-Based (R12.22). Highest evidence: Growth DCF (80).
Notify me when SSS reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 53
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Stor-Age Property REIT Limited reported revenue of R1.5B in FY2026 versus R925M in FY2022, a compound +11.9%/yr. Reported net income was R1.1B in FY2026, compounding +2.4%/yr from FY2022.
Watch SSS: get an alert when its fair value changes →
Peer Group
REIT - Industrial · 63 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Industrial median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Industrial stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Prologis, Inc PLD | $143.42 | $61.28 | -57% |
| Public Storage, a member of the S&P 500, PSA | $322.48 | $172.80 | -46% |
| Extra Space Storage Inc EXR | $147.71 | $78.38 | -47% |
| EastGroup Properties, Inc EGP | $213.10 | $81.41 | -62% |
| Lineage, Inc LINE | $41.42 | $47.91 | +16% |
| CapitaLand Ascendas REIT (CLAR) A17U | 2.51 SGD | 2.00 SGD | -20% |
| CubeSmart CUBE | $42.09 | $25.06 | -40% |
| First Industrial Realty Trust, Inc FR | $66.99 | $21.48 | -68% |
| Rexford Industrial Realty, Inc REXR | $39.00 | $21.35 | -45% |
| STAG Industrial, Inc STAG | $41.11 | $24.31 | -41% |
Compare Stor-Age Property REIT Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Real Estate stocks →
Frequently asked questions
Is Stor-Age Property REIT Limited (SSS) overvalued or undervalued?
What is the fair value of SSS?
What is the quality score of SSS?
What is the revenue of Stor-Age Property REIT Limited (SSS)?
What is the net profit margin of SSS?
Does Stor-Age Property REIT Limited pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Stor-Age Property REIT Limited and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.