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
$1.105 30 Oct 2026	0.020 OPEN $1.09	1.84% HIGH $1.11	1,925,611 LOW $1.09

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$1.105

30 Oct
2026

0.020

OPEN

$1.09

1.84%

HIGH

$1.11

1,925,611

LOW

$1.09

TARGET

$1.183

7.1% 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	10.0	xxx
DPS (cps)	xxx	6.2	4.8	xxx
EPS Growth	xxx	- 46.6%	- 15.2%	xxx
DPS Growth	xxx	0.0%	- 23.4%	xxx
PE Ratio	xxx	N/A	11.2	xxx
Dividend Yield	xxx	N/A	4.3%	xxx
Div Pay Ratio(%)	xxx	52.8%	47.7%	xxx

Dividend yield today if purchased 3 years ago: 6.08%

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

0.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Bell Potter	xx/xx/xxxx	5	xxxxxxxxx xx xxxx xxxx xxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Ord Minnett	09/09/2026	3	Hold	$1.10	-0.45%	In light of the prospect for the RBA's cash rate to remain at 4.6% indefinitely, Ord Minnett has reviewed its property sector coverage. There are two impacts: one from a further rise in interest rate costs which has scope to lower earnings forecasts, and the negative impact on property values and thus target prices. The broker flags an expected rise in cap rates by around 50bps over the next 12-months with the office sector most "vulnerable", where cap rates are forecast to expand by some 90bps. The target price for Vicinity Centres is cut by -5c to $1.10. Hold rating retained. FORECAST Ord Minnett forecasts a full year FY27 dividend of 5.00 cents. Ord Minnett forecasts a full year FY28 dividend of 5.00 cents.
Citi	xx/xx/xxxx	1	xxxxxxx xx xxx xxxx xxxxxxx	$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

Bell Potter

xx/xx/xxxx

xxxxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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

09/09/2026

Hold

$1.10

-0.45%

In light of the prospect for the RBA's cash rate to remain at 4.6% indefinitely, Ord Minnett has reviewed its property sector coverage.

There are two impacts: one from a further rise in interest rate costs which has scope to lower earnings forecasts, and the negative impact on property values and thus target prices.

The broker flags an expected rise in cap rates by around 50bps over the next 12-months with the office sector most "vulnerable", where cap rates are forecast to expand by some 90bps.

The target price for Vicinity Centres is cut by -5c to $1.10. Hold rating retained.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 5.00 cents.
Ord Minnett forecasts a full year FY28 dividend of 5.00 cents.

Citi

xx/xx/xxxx

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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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
Jarden	xx/xx/xxxx	3	xxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Shaw and Partners	24/09/2026	1	Buy	$1.30	17.65%	Shaw and Partners retains its Buy rating and $1.30 target for Storage King Group following the placement of Abacus Group's ((ABG)) $285m stake, removing a significant share-price overhang. On completion, Ki Corp will own 49.9% and Abacus will no longer be a shareholder. Shaw considers the post-result sell-off an opportunity, with Storage King trading at around -40% discount to its $1.77 net tangible asset value versus roughly -20% for the broader A-REIT sector. Its 230,000sqm development and lease-up pipeline could add almost $80m, or 32%, to revenue by 2032, although commentary does highlight material earnings contributions are not expected until FY29. FORECAST Shaw and Partners forecasts a full year FY27 dividend of 4.50 cents and EPS of 4.60 cents. Shaw and Partners forecasts a full year FY28 dividend of 4.60 cents and EPS of 5.10 cents.
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

Jarden

xx/xx/xxxx

xxxxxxx

$xx.xx

xx.xx%

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

Shaw and Partners

24/09/2026

Buy

$1.30

17.65%

Shaw and Partners retains its Buy rating and $1.30 target for Storage King Group following the placement of Abacus Group's ((ABG)) $285m stake, removing a significant share-price overhang.

On completion, Ki Corp will own 49.9% and Abacus will no longer be a shareholder.

Shaw considers the post-result sell-off an opportunity, with Storage King trading at around -40% discount to its $1.77 net tangible asset value versus roughly -20% for the broader A-REIT sector.

Its 230,000sqm development and lease-up pipeline could add almost $80m, or 32%, to revenue by 2032, although commentary does highlight material earnings contributions are not expected until FY29.

FORECAST
Shaw and Partners forecasts a full year FY27 dividend of 4.50 cents and EPS of 4.60 cents.
Shaw and Partners forecasts a full year FY28 dividend of 4.60 cents and EPS of 5.10 cents.

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	Weekly Ratings, Targets, Forecast Changes – 16-10-26 Oct 19 2026 - Weekly Reports

2	Australian Broker Call Extra Edition – Oct 15, 2026 Oct 15 2026 - Daily Market Reports

3	Rudi’s View: Bravura, Capricorn Metals, Downer EDI, PLS, Symal & More Oct 08 2026 - Rudi's View

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

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

Latest REITs News

1	Australian Listed Real Estate Tables – 02-11-2026 12:00 PM - Weekly Reports

2	Australian Listed Real Estate Tables – 26-10-2026 Oct 26 2026 - Weekly Reports

3	Australian Listed Real Estate Tables – 19-10-2026 Oct 19 2026 - Weekly Reports

4	Australian Listed Real Estate Tables – 12-10-2026 Oct 12 2026 - Weekly Reports

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

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

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

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

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

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

Dividend Yield Today On Last Actual Payout :	5.59
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