Stor-Age Property REIT (JSE:SSS) Interest Coverage: 3.33 (As of Mar. 2026) — 19% Below 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 Interest Coverage?

Stor-Age Property REIT JSE:SSS +0.88% 77 Interest Coverage is 3.33 as of Mar. 2026, which is 19% below its 10-year median of 4.11. 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 699 REITs companies, Stor-Age Property REIT ranks better than 50.79% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Stor-Age Property REIT's Operating Income for the six months ended in Mar. 2026 was R422 Mil. Stor-Age Property REIT's Interest Expense for the six months ended in Mar. 2026 was R-127 Mil. Stor-Age Property REIT's interest coverage for the quarter that ended in Mar. 2026 was 3.33. The higher the ratio, the stronger the company's financial strength is.

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

JSE:SSS' s Interest Coverage Range Over the Past 10 Years
Min: 2.91   Med: 4.11   Max: 7.33
Current: 3.15


JSE:SSS's Interest Coverage is ranked better than
50.79% of 699 companies
in the REITs industry
Industry Median: 3.11 vs JSE:SSS: 3.15

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Stor-Age Property REIT  (JSE:SSS) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Stor-Age Property REIT Interest Coverage Related Terms


Stor-Age Property REIT Interest Coverage Historical Data

* Premium members only.

The historical data trend for Stor-Age Property REIT's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Stor-Age Property REIT Interest Coverage Chart

Stor-Age Property REIT Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.07 3.90 3.28 2.91 3.15

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
Interest Coverage 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 3.26 3.10 2.74 2.99 3.33

JSE:SSS vs PLD, PSA, EXR: Interest Coverage Comparison

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

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

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


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

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

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

Here, for the fiscal year that ended in Mar. 2026, Stor-Age Property REIT's Interest Expense was R-275 Mil. Its Operating Income was R866 Mil. And its Long-Term Debt & Capital Lease Obligation was R2,328 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2026 )/Interest Expense (A: Mar. 2026 )
=-1*865.979/-274.928
=3.15

Stor-Age Property REIT's Interest Coverage for the quarter that ended in Mar. 2026 is calculated as

Here, for the six months ended in Mar. 2026, Stor-Age Property REIT's Interest Expense was R-127 Mil. Its Operating Income was R422 Mil. And its Long-Term Debt & Capital Lease Obligation was R2,328 Mil.

Interest Coverage=-1* Operating Income (Q: Mar. 2026 )/Interest Expense (Q: Mar. 2026 )
=-1*421.89/-126.64
=3.33

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 3.33 mean?
Stor-Age Property REIT (JSE:SSS) has a Interest Coverage of 3.33 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Stor-Age Property REIT and its competitors. This is 19% below median its historical median of 4.11. Over the past decade, Stor-Age Property REIT's Interest Coverage has ranged from 2.91 to 7.33. According to the industry distribution chart, Stor-Age Property REIT ranks #344 out of 699 companies in the REITs industry, placing it in the top 49.2%.
Is Stor-Age Property REIT's Interest Coverage too high?
Stor-Age Property REIT's current Interest Coverage of 3.33 is 19% below median its 10-year median of 4.11. Over the past 10 years, this metric has ranged from a low of 2.91 to a high of 7.33. The REITs industry median Interest Coverage is 3.11. Stor-Age Property REIT's value of 3.33 is 7.1% above this industry median. Based on the distribution chart, Stor-Age Property REIT ranks #344 out of 699 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 Interest Coverage compare to PLD and PSA?
According to the REITs industry distribution chart, Stor-Age Property REIT ranks #344 out of 699 companies for Interest Coverage. This puts Stor-Age Property REIT in the upper half of its industry. The industry median Interest Coverage is 3.11. Stor-Age Property REIT's value of 3.33 is 7.1% above this benchmark. Historically, Stor-Age Property REIT's own Interest Coverage has ranged from 2.91 to 7.33 over the past decade. While the company's 10-year median is 4.11 vs. the industry median of 3.11, 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.11, based on 699 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Stor-Age Property REIT's current Interest Coverage of 3.33 is 7.1% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Stor-Age Property REIT and its competitors. For the REITs industry, the median Interest Coverage is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stor-Age Property REIT's current Interest Coverage is 3.33, which is 19% below median its own 10-year median of 4.11. 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 Interest Coverage is 3.33, which is 19% below median its 10-year median of 4.11 and 7.1% above the REITs industry median of 3.11. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Stor-Age Property REIT (JSE:SSS), the current Interest Coverage is 3.33 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:

  • Interest Coverage: 3.33 (19% below median its 10-year median of 4.11)
  • GF Value™: R16.22 vs. price of R17.20 (6% above fair value)
  • GF Score™: 77/100 with 7 warning signs
  • Industry Position: 7.1% above the REITs median (#344 of 699)

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

Get the complete analysis for JSE:SSS

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

R17.20
Price
R16.22
GF Value