STORAGE KING GROUP (SKG)
Share Price Analysis and Chart

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SKG - STORAGE KING GROUP

FNArena Sector : REITs

Year End: June

GICS Industry Group : NONE

Debt/EBITDA: 11.38

Index: ASX300 | ALL-ORDS

Storage King Group is an Australian real estate investment trust that owns and operates self-storage properties across Australia and New Zealand under the Storage King brand.

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$1.065 06 Oct 2026	-0.005 OPEN $1.07	-0.47% HIGH $1.09	3,687,968 LOW $1.05

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$1.065

06 Oct
2026

-0.005

OPEN

$1.07

-0.47%

HIGH

$1.09

3,687,968

LOW

$1.05

TARGET

$1.25

17.4% upside

OTHER COMPANIES IN THE SAME SECTOR
ABG . ARF . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . FDC . GDF . GDI . HCW . HDN . PLG . REP . RFF . RGN . SCG . VCX . WOT . WPR .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY25 Actual	FY26 Actual	FY27 Forecast	FY28 Forecast
EPS (cps)	xxx	11.7	15.0	xxx
DPS (cps)	xxx	6.2	4.8	xxx
EPS Growth	xxx	- 46.6%	27.8%	xxx
DPS Growth	xxx	0.0%	- 23.4%	xxx
PE Ratio	xxx	N/A	7.1	xxx
Dividend Yield	xxx	N/A	4.5%	xxx
Div Pay Ratio(%)	xxx	52.8%	31.7%	xxx

Dividend yield today if purchased 3 years ago: 5.74%

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2026 FactSet UK Limited. All rights reserved

Title	2023	2024	2025	2026
EPS Basic	xxx	xxx	xxx	11.7
DPS All	xxx	xxx	xxx	6.2
Sales/Revenue	xxx	xxx	xxx	247.4 M
Book Value Per Share	xxx	xxx	xxx	181.8
Net Operating Cash Flow	xxx	xxx	xxx	78.9 M
Net Profit Margin	xxx	xxx	xxx	62.37 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2023	2024	2025	2026
Return on Capital Employed	xxx	xxx	xxx	6.54 %
Return on Invested Capital	xxx	xxx	xxx	4.25 %
Return on Assets	xxx	xxx	xxx	4.10 %
Return on Equity	xxx	xxx	xxx	6.54 %
Return on Total Capital	xxx	xxx	xxx	3.19 %
Free Cash Flow ex dividends	xxx	xxx	xxx	-12.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title	2023	2024	2025	2026
Short-Term Debt	xxx	xxx	xxx	1 M
Long Term Debt	xxx	xxx	xxx	1,392 M
Total Debt	xxx	xxx	xxx	1,393 M
Goodwill - Gross	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	111 M
Price To Book Value	xxx	xxx	xxx	0.74

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2023	2024	2025	2026
Capex	xxx	xxx	xxx	6.8 M
Capex % of Sales	xxx	xxx	xxx	2.76 %
Cost of Goods Sold	xxx	xxx	xxx	61 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	71 M
Research & Development	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	3,610 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Ord Minnett	xx/xx/xxxx	3	xxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Citi	07/09/2026	1	Upgrade to Buy from Neutral	$1.40	31.46%	Citi highlights its Self Storage Website Tracker has continued to register robust growth momentum over July. Storage King has evidenced 19.2% y/y growth against a peer average of 20.8%, the analyst points out. In the first 7 months of the year ending July, Storage King's website traffic lifted 48.1% y/y, compared to the peer average of 37.7%. The broker upgrades the stock to Buy from Neutral with a new target of $1.40 from $1.60, due to a higher beta factor assumption and slower growth into FY27. Storage King trades at a circa -36% discount to NTA which is considered a good "entry point" by the analyst. FORECAST Citi forecasts a full year FY27 EPS of 15.00 cents. Citi forecasts a full year FY28 EPS of 15.00 cents.
Bell Potter	xx/xx/xxxx	3	xxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Ord Minnett

xx/xx/xxxx

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

07/09/2026

Upgrade to Buy from Neutral

$1.40

31.46%

Citi highlights its Self Storage Website Tracker has continued to register robust growth momentum over July. Storage King has evidenced 19.2% y/y growth against a peer average of 20.8%, the analyst points out.

In the first 7 months of the year ending July, Storage King's website traffic lifted 48.1% y/y, compared to the peer average of 37.7%.

The broker upgrades the stock to Buy from Neutral with a new target of $1.40 from $1.60, due to a higher beta factor assumption and slower growth into FY27.

Storage King trades at a circa -36% discount to NTA which is considered a good "entry point" by the analyst.

FORECAST
Citi forecasts a full year FY27 EPS of 15.00 cents.
Citi forecasts a full year FY28 EPS of 15.00 cents.

Bell Potter

xx/xx/xxxx

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Shaw and Partners	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Jarden	18/08/2026	3	Upgrade to Neutral from Underweight	$1.24	16.43%	Jarden upgrade to a Neutral rating for Storage King with its target price decreased to $1.24 from $1.42 following significant earnings downgrades across the forecast period. The analyst notes the stock trades on an updated FY27 price-to-earnings multiple of 23x compared to its 20x historical average since listing, reflecting fair valuation given improved growth following the rebase and corporate appeal as the sole ASX-listed storage operator. Softer operating conditions, low debt hedging of 41% into FY28, and limited clarity surrounding long-term development funding present key operational headwinds. The broker's estimates incorporate outer-year earnings downgrades, driving the reduced target price while maintaining a balanced risk profile. The analyst highlights potential sector consolidation and stronger medium-term expansion off a rebased FY27 foundation as key supports for the investment case.
Moelis	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Shaw and Partners

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

18/08/2026

Upgrade to Neutral from Underweight

$1.24

16.43%

Jarden upgrade to a Neutral rating for Storage King with its target price decreased to $1.24 from $1.42 following significant earnings downgrades across the forecast period.

The analyst notes the stock trades on an updated FY27 price-to-earnings multiple of 23x compared to its 20x historical average since listing, reflecting fair valuation given improved growth following the rebase and corporate appeal as the sole ASX-listed storage operator.

Softer operating conditions, low debt hedging of 41% into FY28, and limited clarity surrounding long-term development funding present key operational headwinds.

The broker's estimates incorporate outer-year earnings downgrades, driving the reduced target price while maintaining a balanced risk profile.

The analyst highlights potential sector consolidation and stronger medium-term expansion off a rebased FY27 foundation as key supports for the investment case.

Moelis

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Access Extra Coverage Research History >

SKG STOCK CHART

FNArena News on SKG

1	Next Week At A Glance – 28 Sept – 2 Oct 2026 Sep 25 2026 - Weekly Reports

2	In Brief: L1 Group, Storage King & Bellevue Gold Sep 25 2026 - Weekly Reports

3	Australian Broker Call Extra Edition – Sep 24, 2026 Sep 24 2026 - Daily Market Reports

4	Australian Broker Call Extra Edition – Sep 23, 2026 Sep 23 2026 - Daily Market Reports

5	Treasure Chest: Abacus Group Sep 22 2026 - Treasure Chest

Latest REITs News

1	Australian Listed Real Estate Tables – 06-10-2026 Oct 06 2026 - Weekly Reports

2	Australian Listed Real Estate Tables – 29-09-2026 Sep 29 2026 - Weekly Reports

3	Australian Listed Real Estate Tables – 22-09-2026 Sep 22 2026 - Weekly Reports

4	Treasure Chest: Abacus Group Sep 22 2026 - Treasure Chest

5	A-REITs Facing More RBA Rate Pressure In FY27 Sep 18 2026 - Feature Stories

6	Australian Listed Real Estate Tables – 14-09-2026 Sep 14 2026 - Weekly Reports

7	Australian Listed Real Estate Tables – 07-09-2026 Sep 07 2026 - Weekly Reports

8	Australian Listed Real Estate Tables – 31-08-2026 Aug 31 2026 - Weekly Reports

9	Business As Usual For Charter Hall Aug 26 2026 - Australia

10	Australian Listed Real Estate Tables – 24-08-2026 Aug 24 2026 - Weekly Reports

Dividend Yield Today On Last Actual Payout :	5.82
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

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STORAGE KING GROUP (SKG)
Share Price Analysis and Chart