Stor-Age Property REITJSE:SSS +0.88%77 Operating Margin % is 58.48% as of Mar. 2026, which is 7% below its 10-year median of 62.93. 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 747 REITs companies, Stor-Age Property REIT ranks better than 62.25% on this metric.
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Stor-Age Property REIT Operating Margin % Related Terms
Stor-Age Property REIT Operating Margin % Historical Data
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The historical data trend for Stor-Age Property REIT's Operating Margin % 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.
JSE:SSS vs PLD, PSA, EXR: Operating Margin % Comparison
For the REIT - Industrial subindustry, Stor-Age Property REIT's Operating Margin %, along with its competitors' market caps and Operating Margin % 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 Operating Margin % vs REITs Industry
For the REITs industry and Real Estate sector, Stor-Age Property REIT's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Stor-Age Property REIT's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Stor-Age Property REIT's Operating Margin % for the fiscal year 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.
Stor-Age Property REIT (JSE:SSS) has a Operating Margin % of 58.48% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Stor-Age Property REIT and its competitors. This is near median its historical median of 62.93. Over the past decade, Stor-Age Property REIT's Operating Margin % has ranged from 59.60 to 65.25. According to the industry distribution chart, Stor-Age Property REIT ranks #282 out of 747 companies in the REITs industry, placing it in the top 37.8%.
Is Stor-Age Property REIT's Operating Margin % too high?
Stor-Age Property REIT's current Operating Margin % of 58.48% is near median its 10-year median of 62.93. Over the past 10 years, this metric has ranged from a low of 59.60 to a high of 65.25. The REITs industry median Operating Margin % is 52.63. Stor-Age Property REIT's value of 58.48% is 11.1% above this industry median. Based on the distribution chart, Stor-Age Property REIT ranks #282 out of 747 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 Operating Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, Stor-Age Property REIT ranks #282 out of 747 companies for Operating Margin %. This puts Stor-Age Property REIT in the upper half of its industry. The industry median Operating Margin % is 52.63. Stor-Age Property REIT's value of 58.48% is 11.1% above this benchmark. Historically, Stor-Age Property REIT's own Operating Margin % has ranged from 59.60 to 65.25 over the past decade. While the company's 10-year median is 62.93 vs. the industry median of 52.63, 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 Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.63, based on 747 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Stor-Age Property REIT's current Operating Margin % of 58.48% is 11.1% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Stor-Age Property REIT and its competitors. For the REITs industry, the median Operating Margin % is 52.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stor-Age Property REIT's current Operating Margin % is 58.48%, which is near median its own 10-year median of 62.93. 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 Operating Margin % is 58.48%, which is near median its 10-year median of 62.93 and 11.1% above the REITs industry median of 52.63. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Stor-Age Property REIT (JSE:SSS), the current Operating Margin % is 58.48% 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:
Operating Margin %: 58.48% (near median its 10-year median of 62.93)
GF Value™: R16.22 vs. price of R17.20 (6% above fair value)
Industry Position: 11.1% above the REITs median (#282 of 747)
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 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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