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Stor-Age Property REITJSE:SSS -0.86%79 Return-on-Tangible-Asset is 8.58% as of Mar. 2026, which is 8% below its 10-year median of 9.31. GuruFocus rates JSE:SSS with a GF Score™ of 79/100 and a GF Value™ of R16.22 (Fairly Valued). The stock has 5 warning signs investors should review. Among 933 REITs companies, Stor-Age Property REIT ranks better than 80.49% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Stor-Age Property REIT's annualizedNet Income for the quarter that ended in Mar. 2026 was R1,201 Mil. Stor-Age Property REIT's average total tangible assets for the quarter that ended in Mar. 2026 was R14,005 Mil. Therefore, Stor-Age Property REIT's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.58%.
The historical rank and industry rank for Stor-Age Property REIT's Return-on-Tangible-Asset or its related term are showing as below:
JSE:SSS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.45 Med: 9.31 Max: 17.37
Current: 8.05
During the past 11 years, Stor-Age Property REIT's highest Return-on-Tangible-Asset was 17.37%. The lowest was 1.45%. And the median was 9.31%.
JSE:SSS's Return-on-Tangible-Asset is ranked better than 80.49% of 933
companies
in the REITs industry
Industry Median: 3.27
vs JSE:SSS: 8.05
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Stor-Age Property REIT Return-on-Tangible-Asset Related Terms
Stor-Age Property REIT Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Stor-Age Property REIT's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the REIT - Industrial subindustry, Stor-Age Property REIT's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs REITs Industry
For the REITs industry and Real Estate sector, Stor-Age Property REIT's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Stor-Age Property REIT's Return-on-Tangible-Asset falls into.
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 8.58% mean?
Stor-Age Property REIT (JSE:SSS) has a Return-on-Tangible-Asset of 8.58% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Stor-Age Property REIT and its competitors. This is near median its historical median of 9.31. Over the past decade, Stor-Age Property REIT's Return-on-Tangible-Asset has ranged from 1.45 to 17.37. According to the industry distribution chart, Stor-Age Property REIT ranks #182 out of 933 companies in the REITs industry, placing it in the top 19.5%.
Is Stor-Age Property REIT's Return-on-Tangible-Asset too high?
Stor-Age Property REIT's current Return-on-Tangible-Asset of 8.58% is near median its 10-year median of 9.31. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 17.37. The REITs industry median Return-on-Tangible-Asset is 3.27. Stor-Age Property REIT's value of 8.58% is 162.4% above this industry median. Based on the distribution chart, Stor-Age Property REIT ranks #182 out of 933 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 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Stor-Age Property REIT's Return-on-Tangible-Asset compare to PLD and PSA?
According to the REITs industry distribution chart, Stor-Age Property REIT ranks #182 out of 933 companies for Return-on-Tangible-Asset. This places Stor-Age Property REIT in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.27. Stor-Age Property REIT's value of 8.58% is 162.4% above this benchmark. Historically, Stor-Age Property REIT's own Return-on-Tangible-Asset has ranged from 1.45 to 17.37 over the past decade. While the company's 10-year median is 9.31 vs. the industry median of 3.27, 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 Return-on-Tangible-Asset for a REITs company?
The median Return-on-Tangible-Asset among REITs companies is 3.27, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Stor-Age Property REIT's current Return-on-Tangible-Asset of 8.58% is 162.4% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Stor-Age Property REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Asset is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stor-Age Property REIT's current Return-on-Tangible-Asset is 8.58%, which is near median its own 10-year median of 9.31. 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 R16.20 — trading 0.1% below its estimated fair value. The current Return-on-Tangible-Asset is 8.58%, which is near median its 10-year median of 9.31 and 162.4% above the REITs industry median of 3.27. Stor-Age Property REIT's overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Stor-Age Property REIT (JSE:SSS), the current Return-on-Tangible-Asset is 8.58% 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 undervalued.
The current stock price of R16.20 is trading 0.1% below its estimated GF Value™ of R16.22.
GuruFocus considers Stor-Age Property REIT to be Fairly Valued.
Key valuation signals for JSE:SSS:
Return-on-Tangible-Asset: 8.58% (near median its 10-year median of 9.31)
GF Value™: R16.22 vs. price of R16.20 (0.1% below fair value)
Industry Position: 162.4% above the REITs median (#182 of 933)
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.
79GF Score
Get the complete analysis for JSE:SSS
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