Stor-Age Property REIT (JSE:SSS) EBIT: R1,425 Mil (TTM As of Mar. 2026)

What is Stor-Age Property REIT EBIT?

Stor-Age Property REIT JSE:SSS +0.88% 77 EBIT is R1,425 Mil as of Mar. 2026. 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.

Stor-Age Property REIT's earnings before interest and taxes (EBIT) for the six months ended in Mar. 2026 was R747 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was R1,425 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Stor-Age Property REIT's annualized ROC % for the quarter that ended in Mar. 2026 was 5.56%. Stor-Age Property REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5,601.39%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Stor-Age Property REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 11.13%.

Stor-Age Property REIT (JSE:SSS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

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

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	843.78 * ( 1 - 2.43% )	/	( (13650.309	+	15939.004)	/ 2 )
=	823.276146	/	14794.6565
=	5.56 %

where

	Invested Capital		(Q: Sep. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	14005.868	-	597.87	-	( 348.659	-	max(0, 706.856	-	464.545	+	348.659	))
=	13650.309

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	14324.018	-	430.688	-	( 367.398	-	max(0, 2590.772	-	545.098	+	367.398	))
=	15939.004

Note: The Operating Income data used here is two times the semi-annual (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Stor-Age Property REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1493.47	/	( ( (27.374 + max(-488.964, 0))	+	(25.951 + max(-457.079, 0)) )	/	2 )
=	1493.47	/	( ( 27.374	+	25.951 )	/	2 )
=	1493.47	/	26.6625
=	5,601.39 %

where Working Capital is:

	Working Capital		(Q: Sep. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(101.394	+	7.376	+	7.116)	-	(597.87	+	0	+	6.98)
=	-488.964

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(46.771	+	6.227	+	105.075)	-	(430.688	+	0	+	184.464)
=	-457.079

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Stor-Age Property REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	1424.796	/	12806.773
	=	11.13 %

* 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 EBIT Related Terms

Stor-Age Property REIT EBIT Historical Data

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

Stor-Age Property REIT EBIT Chart

Stor-Age Property REIT Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

EBIT

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1,419.49

965.70

1,031.84

1,325.66

1,424.80

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
EBIT	Get a 7-Day Free Trial															532.32	611.28	714.38	678.06	746.74

JSE:SSS vs PLD, PSA, EXR: EBIT Comparison

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

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

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

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77GF Score

Stor-Age Property REIT Ltd JSE:SSS

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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Stor-Age Property REIT EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R1,425 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of R1,425 Mil mean?

Stor-Age Property REIT (JSE:SSS) has a EBIT of R1,425 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Stor-Age Property REIT.

Is Stor-Age Property REIT's EBIT too high?

Stor-Age Property REIT's current EBIT is R1,425 Mil. 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 EBIT compare to PLD and PSA?

Stor-Age Property REIT's EBIT of R1,425 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a REITs company?

A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Stor-Age Property REIT. Stor-Age Property REIT's current EBIT is R1,425 Mil. 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 EBIT is R1,425 Mil. 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 EBIT calculated?

EBIT is calculated from a company's financial statements. For Stor-Age Property REIT (JSE:SSS), the current EBIT is R1,425 Mil 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:

EBIT: R1,425 Mil
GF Value™: R16.22 vs. price of R17.20 (6% above fair value)
GF Score™: 77/100 with 7 warning signs

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 Estate REITs

Comparable Companies JSE:EQU PLD PSA EXR LSE:SGRO EGP LINE SGX:A17U CUBE FR REXR STAG MEX:FIBRAPL14 TRNO XBRU:WDP LSE:LMP LSE:BBOX SGX:M44U TSE:3283 COLD

Address 216 Main Road, Claremont, Cape Town, WC, ZAF, 7735

Website https://www.stor-age.co.za

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

Get the complete analysis for JSE:SSS

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

R17.20

Price

R16.22

GF Value

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