Stor-Age is the largest self storage property fund and most recognisable brand in SA. The portfolio comprises 97 trading properties across SA (60) and the UK (37), providing storage to over 49 000 customers. The combined value of the portfolio, including properties managed in our JV partnerships, was R16.2 billion (SA - R5.9 billion; UK - £449 million) at 30 September 2023 with the maximum lettable area, including the pipeline and ongoing developments, exceeding 650 000m². The group employs more than 470 staff across SA and the UK. Stor-Age has been listed on the Johannesburg Stock Exchange since November 2015.
Metrics to compare | SSSJ | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipSSSJPeersSector | |
---|---|---|---|---|
P/E Ratio | 10.4x | 1.9x | 7.6x | |
PEG Ratio | −3.80 | 0.01 | 0.01 | |
Price/Book | 1.0x | 0.8x | 0.9x | |
Price / LTM Sales | 5.7x | 5.8x | 3.8x | |
Upside (Analyst Target) | −5.0% | 9.8% | 11.9% | |
Fair Value Upside | Unlock | −9.7% | 1.1% | Unlock |