Stor-Age Property REIT (JSE:SSS) Days Payable: 176.07 (As of Mar. 2026) — 127% Above Median


JSE:SSS Stor-Age Property REIT Ltd JSE:SSS
77 GF Score
Price R17.20
GF Value R16.22
Valuation Fairly Valued
! 7 Warning Signs
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What is Stor-Age Property REIT Days Payable?

Stor-Age Property REIT JSE:SSS +0.88% 77 Days Payable is 176.07 as of Mar. 2026, which is 127% above its 10-year median of 77.61. GuruFocus rates JSE:SSS with a GF Score™ of 77/100 and a GF Value™ of R16.22 (Fairly Valued). The stock has 7 warning signs investors should review. Among 548 REITs companies, Stor-Age Property REIT ranks better than 54.56% on this metric.

Stor-Age Property REIT's average Accounts Payable for the six months ended in Mar. 2026 was R169 Mil. Stor-Age Property REIT's Cost of Goods Sold for the six months ended in Mar. 2026 was R175 Mil. Hence, Stor-Age Property REIT's Days Payable for the six months ended in Mar. 2026 was 176.07.

The historical rank and industry rank for Stor-Age Property REIT's Days Payable or its related term are showing as below:

JSE:SSS' s Days Payable Range Over the Past 10 Years
Min: 49.45   Med: 77.61   Max: 191.07
Current: 131.53

During the past 11 years, Stor-Age Property REIT's highest Days Payable was 191.07. The lowest was 49.45. And the median was 77.61.

JSE:SSS's Days Payable is ranked better than
54.56% of 548 companies
in the REITs industry
Industry Median: 119.45 vs JSE:SSS: 131.53

Stor-Age Property REIT's Days Payable increased from Mar. 2025 (170.03) to Mar. 2026 (176.07). It may suggest that Stor-Age Property REIT delayed paying its suppliers.


Stor-Age Property REIT Days Payable Historical Data

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The historical data trend for Stor-Age Property REIT's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Stor-Age Property REIT Days Payable Chart

Stor-Age Property REIT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 89.12 86.35 56.17 49.45 50.73

Stor-Age Property REIT Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 166.64 179.44 170.03 167.93 176.07

JSE:SSS vs PLD, PSA, EXR: Days Payable Comparison

For the REIT - Industrial subindustry, Stor-Age Property REIT's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Stor-Age Property REIT Days Payable vs REITs Industry

For the REITs industry and Real Estate sector, Stor-Age Property REIT's Days Payable distribution charts can be found below:

* The bar in red indicates where Stor-Age Property REIT's Days Payable falls into.


JSE:SSS
77GF Score
Stor-Age Property REIT Ltd JSE:SSS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Stor-Age Property REIT Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Stor-Age Property REIT's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (47.628 + 51.57) / 2 ) / 356.866*365
=49.599 / 356.866*365
=50.73

Stor-Age Property REIT's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (286.6 + 51.57) / 2 ) / 175.257*365 / 2
=169.085 / 175.257*365 / 2
=176.07

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 176.07 mean?
Stor-Age Property REIT (JSE:SSS) has a Days Payable of 176.07 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Stor-Age Property REIT and its competitors. This is 127% above median its historical median of 77.61. Over the past decade, Stor-Age Property REIT's Days Payable has ranged from 49.45 to 191.07. According to the industry distribution chart, Stor-Age Property REIT ranks #249 out of 548 companies in the REITs industry, placing it in the top 45.4%.
Is Stor-Age Property REIT's Days Payable too high?
Stor-Age Property REIT's current Days Payable of 176.07 is 127% above median its 10-year median of 77.61. Over the past 10 years, this metric has ranged from a low of 49.45 to a high of 191.07. The REITs industry median Days Payable is 119.45. Stor-Age Property REIT's value of 176.07 is 47.4% above this industry median. Based on the distribution chart, Stor-Age Property REIT ranks #249 out of 548 companies in the REITs industry, which is above the industry midpoint. Overall, Stor-Age Property REIT has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Stor-Age Property REIT's Days Payable compare to PLD and PSA?
According to the REITs industry distribution chart, Stor-Age Property REIT ranks #249 out of 548 companies for Days Payable. This puts Stor-Age Property REIT in the upper half of its industry. The industry median Days Payable is 119.45. Stor-Age Property REIT's value of 176.07 is 47.4% above this benchmark. Historically, Stor-Age Property REIT's own Days Payable has ranged from 49.45 to 191.07 over the past decade. While the company's 10-year median is 77.61 vs. the industry median of 119.45, Stor-Age Property REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a REITs company?
The median Days Payable among REITs companies is 119.45, based on 548 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Stor-Age Property REIT's current Days Payable of 176.07 is 47.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Stor-Age Property REIT and its competitors. For the REITs industry, the median Days Payable is 119.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stor-Age Property REIT's current Days Payable is 176.07, which is 127% above median its own 10-year median of 77.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stor-Age Property REIT stock overvalued right now?
Based on GuruFocus' analysis, Stor-Age Property REIT (JSE:SSS) is currently considered Fairly Valued. The stock's GF Value™ is R16.22, compared to a current price of R17.20 — trading 6% above its estimated fair value. The current Days Payable is 176.07, which is 127% above median its 10-year median of 77.61 and 47.4% above the REITs industry median of 119.45. Stor-Age Property REIT's overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Stor-Age Property REIT (JSE:SSS), the current Days Payable is 176.07 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Stor-Age Property REIT (JSE:SSS) Overvalued in 2026?

Based on GuruFocus' analysis, Stor-Age Property REIT stock appears to be overvalued. The current stock price of R17.20 is trading 6% above its estimated GF Value™ of R16.22. GuruFocus considers Stor-Age Property REIT to be Fairly Valued.

Key valuation signals for JSE:SSS:

  • Days Payable: 176.07 (127% above median its 10-year median of 77.61)
  • GF Value™: R16.22 vs. price of R17.20 (6% above fair value)
  • GF Score™: 77/100 with 7 warning signs
  • Industry Position: 47.4% above the REITs median (#249 of 548)

No single metric tells the full story. See the JSE:SSS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Stor-Age Property REIT Business Description

Industry Real EstateREITs
Address 216 Main Road, Claremont, Cape Town, WC, ZAF, 7735
Stor-Age Property REIT Ltd develops, acquires, and manages self-storage properties. It earns revenue in the form of rentals from the tenants of its investment properties. The company's geographical operating segments are; South Africa which generates maximum revenue, and the United Kingdom.
77GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R17.20
Price
R16.22
GF Value