Stor-Age Property REIT (JSE:SSS) Debt-to-Equity: 0.46 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:SSS Stor-Age Property REIT Ltd JSE:SSS
88 GF Score
Price R16.30
GF Value R15.96
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Stor-Age Property REIT Debt-to-Equity?

Stor-Age Property REIT JSE:SSS +0.56% 88 Debt-to-Equity is 0.46 as of Mar. 2026, which is at its 10-year median of 0.46. GuruFocus rates JSE:SSS with a GF Score™ of 88/100 and a GF Value™ of R15.96 (Fairly Valued). The stock has 7 warning signs investors should review. Among 688 REITs companies, Stor-Age Property REIT ranks better than 76.31% on this metric.

Stor-Age Property REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R1,976 Mil. Stor-Age Property REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R2,328 Mil. Stor-Age Property REIT's Total Stockholders Equity for the quarter that ended in Mar. 2026 was R9,324 Mil. Stor-Age Property REIT's debt to equity for the quarter that ended in Mar. 2026 was 0.46.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

JSE:SSS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14   Med: 0.46   Max: 0.59
Current: 0.46

During the past 11 years, the highest Debt-to-Equity Ratio of Stor-Age Property REIT was 0.59. The lowest was 0.14. And the median was 0.46.

JSE:SSS's Debt-to-Equity is ranked better than
76.31% of 688 companies
in the REITs industry
Industry Median: 0.78 vs JSE:SSS: 0.46

Stor-Age Property REIT  (JSE:SSS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Stor-Age Property REIT Debt-to-Equity Related Terms


Stor-Age Property REIT Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Stor-Age Property REIT's Debt-to-Equity 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 Debt-to-Equity Chart

Stor-Age Property REIT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.55 0.59 0.56 0.46

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
Debt-to-Equity 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 0.59 0.55 0.56 0.55 0.46

JSE:SSS vs PLD, PSA, EXR: Debt-to-Equity Comparison

For the REIT - Industrial subindustry, Stor-Age Property REIT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs REITs Industry

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

* The bar in red indicates where Stor-Age Property REIT's Debt-to-Equity falls into.


JSE:SSS
88GF Score
Stor-Age Property REIT Ltd JSE:SSS
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Stor-Age Property REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Stor-Age Property REIT's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Stor-Age Property REIT's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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 Debt-to-Equity →
What does a Debt-to-Equity of 0.46 mean?
Stor-Age Property REIT (JSE:SSS) has a Debt-to-Equity of 0.46 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Stor-Age Property REIT and its competitors. This is near median its historical median of 0.46. Over the past decade, Stor-Age Property REIT's Debt-to-Equity has ranged from 0.14 to 0.59. According to the industry distribution chart, Stor-Age Property REIT ranks #163 out of 688 companies in the REITs industry, placing it in the top 23.7%.
Is Stor-Age Property REIT's Debt-to-Equity too high?
Stor-Age Property REIT's current Debt-to-Equity of 0.46 is near median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 0.59. The REITs industry median Debt-to-Equity is 0.78. Stor-Age Property REIT's value of 0.46 is 41% below this industry median. Based on the distribution chart, Stor-Age Property REIT ranks #163 out of 688 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Stor-Age Property REIT has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Stor-Age Property REIT's Debt-to-Equity compare to PLD and PSA?
According to the REITs industry distribution chart, Stor-Age Property REIT ranks #163 out of 688 companies for Debt-to-Equity. This places Stor-Age Property REIT in the top 24% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.78. Stor-Age Property REIT's value of 0.46 is 41% below this benchmark. Historically, Stor-Age Property REIT's own Debt-to-Equity has ranged from 0.14 to 0.59 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.78, Stor-Age Property REIT has consistently been below 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 Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 688 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Stor-Age Property REIT's current Debt-to-Equity of 0.46 is 41% below 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Stor-Age Property REIT and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stor-Age Property REIT's current Debt-to-Equity is 0.46, which is near median its own 10-year median of 0.46. 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 R15.96, compared to a current price of R16.30 — trading 2.1% above its estimated fair value. The current Debt-to-Equity is 0.46, which is near median its 10-year median of 0.46 and 41% below the REITs industry median of 0.78. Stor-Age Property REIT's overall GF Score™ is 88/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Stor-Age Property REIT (JSE:SSS), the current Debt-to-Equity is 0.46 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 R16.30 is trading 2.1% above its estimated GF Value™ of R15.96. GuruFocus considers Stor-Age Property REIT to be Fairly Valued.

Key valuation signals for JSE:SSS:

  • Debt-to-Equity: 0.46 (near median its 10-year median of 0.46)
  • GF Value™: R15.96 vs. price of R16.30 (2.1% above fair value)
  • GF Score™: 88/100 with 7 warning signs
  • Industry Position: 41% below the REITs median (#163 of 688)

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.
88GF Score

Get the complete analysis for JSE:SSS

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

R16.30
Price
R15.96
GF Value