Stor-Age Property REITJSE:SSS -4.12%78 Return-on-Tangible-Equity is 13.66% as of Mar. 2026, which is 4% below its 10-year median of 14.17. GuruFocus rates JSE:SSS with a GF Score™ of 78/100 and a GF Value™ of R16.22 (Fairly Valued). The stock has 6 warning signs investors should review. Among 931 REITs companies, Stor-Age Property REIT ranks better than 82.71% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Stor-Age Property REIT's annualized net income for the quarter that ended in Mar. 2026 was R1,201 Mil. Stor-Age Property REIT's average shareholder tangible equity for the quarter that ended in Mar. 2026 was R8,796 Mil. Therefore, Stor-Age Property REIT's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 13.66%.
The historical rank and industry rank for Stor-Age Property REIT's Return-on-Tangible-Equity or its related term are showing as below:
JSE:SSS'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 2.36 Med: 14.17 Max: 24.11
Current: 12.97
During the past 11 years, Stor-Age Property REIT's highest Return-on-Tangible-Equity was 24.11%. The lowest was 2.36%. And the median was 14.17%.
JSE:SSS's Return-on-Tangible-Equity is ranked better than 82.71% of 931
companies
in the REITs industry
Industry Median: 6.25
vs JSE:SSS: 12.97
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Stor-Age Property REIT Return-on-Tangible-Equity Related Terms
Stor-Age Property REIT Return-on-Tangible-Equity Historical Data
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The historical data trend for Stor-Age Property REIT's Return-on-Tangible-Equity 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-Equity Comparison
For the REIT - Industrial subindustry, Stor-Age Property REIT's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Stor-Age Property REIT's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Stor-Age Property REIT's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 13.66% mean?
Stor-Age Property REIT (JSE:SSS) has a Return-on-Tangible-Equity of 13.66% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Stor-Age Property REIT and its competitors. This is near median its historical median of 14.17. Over the past decade, Stor-Age Property REIT's Return-on-Tangible-Equity has ranged from 2.36 to 24.11. According to the industry distribution chart, Stor-Age Property REIT ranks #161 out of 931 companies in the REITs industry, placing it in the top 17.3%.
Is Stor-Age Property REIT's Return-on-Tangible-Equity too high?
Stor-Age Property REIT's current Return-on-Tangible-Equity of 13.66% is near median its 10-year median of 14.17. Over the past 10 years, this metric has ranged from a low of 2.36 to a high of 24.11. The REITs industry median Return-on-Tangible-Equity is 6.25. Stor-Age Property REIT's value of 13.66% is 118.6% above this industry median. Based on the distribution chart, Stor-Age Property REIT ranks #161 out of 931 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 78/100 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-Equity compare to PLD and PSA?
According to the REITs industry distribution chart, Stor-Age Property REIT ranks #161 out of 931 companies for Return-on-Tangible-Equity. This places Stor-Age Property REIT in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.25. Stor-Age Property REIT's value of 13.66% is 118.6% above this benchmark. Historically, Stor-Age Property REIT's own Return-on-Tangible-Equity has ranged from 2.36 to 24.11 over the past decade. While the company's 10-year median is 14.17 vs. the industry median of 6.25, 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-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.25, based on 931 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity of 13.66% is 118.6% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Stor-Age Property REIT and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.25 — 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-Equity is 13.66%, which is near median its own 10-year median of 14.17. 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 R16.30 — trading 0.5% above its estimated fair value. The current Return-on-Tangible-Equity is 13.66%, which is near median its 10-year median of 14.17 and 118.6% above the REITs industry median of 6.25. Stor-Age Property REIT's overall GF Score™ is 78/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Stor-Age Property REIT (JSE:SSS), the current Return-on-Tangible-Equity is 13.66% 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 R16.30 is trading 0.5% above 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-Equity: 13.66% (near median its 10-year median of 14.17)
GF Value™: R16.22 vs. price of R16.30 (0.5% above fair value)
Industry Position: 118.6% above the REITs median (#161 of 931)
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.
78GF Score
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