Stor-Age Property REIT (JSE:SSS) Long-Term Capital Lease Obligation : R341 Mil (As of Sep. 2024)

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What is Stor-Age Property REIT Long-Term Capital Lease Obligation?

Stor-Age Property REIT's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was R341 Mil.

Stor-Age Property REIT's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (R329 Mil) to Mar. 2024 (R342 Mil) but then declined from Mar. 2024 (R342 Mil) to Sep. 2024 (R341 Mil).

Stor-Age Property REIT's annual Long-Term Capital Lease Obligation increased from Mar. 2022 (R243 Mil) to Mar. 2023 (R310 Mil) and increased from Mar. 2023 (R310 Mil) to Mar. 2024 (R342 Mil).

Stor-Age Property REIT Long-Term Capital Lease Obligation Historical Data

The historical data trend for Stor-Age Property REIT's Long-Term Capital Lease Obligation 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.

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Stor-Age Property REIT Long-Term Capital Lease Obligation Chart

Stor-Age Property REIT Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Long-Term Capital Lease Obligation

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308.25

272.45

243.39

309.73

341.85

Stor-Age Property REIT Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial													288.20	309.73	329.19	341.85	340.88

Stor-Age Property REIT (JSE:SSS) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Stor-Age Property REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Stor-Age Property REIT Ltd (JSE:SSS) » Definitions » Long-Term Capital Lease Obligation

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Address

216 Main Road, Claremont, Cape Town, WC, ZAF, 7708

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.

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