STORAGE KING GROUP (SKG)
Share Price Analysis and Chart

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SKG

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

$1.075

17 Sep
2026

-0.005

OPEN

$1.08

-0.46%

HIGH

$1.08

1,751,813

LOW

$1.06

TARGET
$1.25 16.3% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
SKG: 1
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 7.0 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: 5.41%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.88

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 2023202420252026
EPS Basic xxxxxxxxx11.7
DPS All xxxxxxxxx6.2
Sales/Revenue xxxxxxxxx247.4 M
Book Value Per Share xxxxxxxxx181.8
Net Operating Cash Flow xxxxxxxxx78.9 M
Net Profit Margin xxxxxxxxx62.37 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2023202420252026
Return on Capital Employed xxxxxxxxx6.54 %
Return on Invested Capital xxxxxxxxx4.25 %
Return on Assets xxxxxxxxx4.10 %
Return on Equity xxxxxxxxx6.54 %
Return on Total Capital xxxxxxxxx3.19 %
Free Cash Flow ex dividends xxxxxxxxx-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 2023202420252026
Short-Term Debt xxxxxxxxx1 M
Long Term Debt xxxxxxxxx1,392 M
Total Debt xxxxxxxxx1,393 M
Goodwill - Gross xxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxx111 M
Price To Book Value xxxxxxxxx0.74

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2023202420252026
Capex xxxxxxxxx6.8 M
Capex % of Sales xxxxxxxxx2.76 %
Cost of Goods Sold xxxxxxxxx61 M
Selling, General & Admin. Exp & Other xxxxxxxxx71 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx3,610 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

07/09/2026

1

Upgrade to Buy from Neutral

$1.40

30.23%

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.
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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Jarden

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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Moelis

17/08/2026

1

Buy

$1.50

39.53%

Moelis maintains a Buy rating for Storage King with its target price decreased to $1.50 from $1.63 following the release of FY27 distribution guidance and full-year results.

The analyst notes management set FY27 distribution guidance at 4.5c per unit, implying funds from operations will decline -20% to 5.0c per unit amid an 80%-100% payout ratio target.

The broker's estimates suggest earnings face a material near-term drag driven by rising debt costs and the accelerated delivery of 50,000 square metres of new store developments requiring multi-year operational ramp-ups.

The Australian portfolio delivered a 2.7% lift in revenue per available metre, while New Zealand performance dropped -12% amid an ongoing refurbishment program.

The analyst highlights shares currently trade at a -34% discount to net tangible assets, representing a 15-month low and an implied capitalisation rate of 7.0%.

FORECAST
Moelis forecasts a full year FY27 dividend of 4.50 cents and EPS of 5.00 cents.
Moelis forecasts a full year FY28 dividend of 4.80 cents and EPS of 5.30 cents.

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

SKG STOCK CHART

FNArena News on SKG

1
Weekly Ratings, Targets, Forecast Changes – 11-09-26

Sep 14 2026 - Weekly Reports
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 28-08-26

Aug 28 2026 - Weekly Reports
3
In Brief: Nuix, Abacus Group & NetWealth Group

Aug 28 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Aug 27, 2026

Aug 27 2026 - Daily Market Reports
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 21-08-26

Aug 21 2026 - Weekly Reports

Latest REITs News

1
A-REITs Facing More RBA Rate Pressure In FY27

Sep 18 2026 - Feature Stories
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Australian Listed Real Estate Tables – 14-09-2026

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Australian Listed Real Estate Tables – 07-09-2026

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Australian Listed Real Estate Tables – 17-08-2026

Aug 17 2026 - Weekly Reports
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Australian Listed Real Estate Tables – 10-08-2026

Aug 10 2026 - Weekly Reports
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Aug 03 2026 - Weekly Reports
10
Australian Listed Real Estate Tables – 27-07-2026

Jul 27 2026 - Weekly Reports