Storage King Group

SKG.ASX

Market Data

Price

$1.160

-0.1%
Market Cap

$1.7B

P/E Ratio

5.7x

EPS

$0.222

Div. Yield

4.90%

52-Week Change

-0.1%

Latest Earnings

FY26 Annual Report and Appendix 4E

14 August 2026

Revenue
$328.30
-28.7% YoY
NPAT
$85.40
-0.6% YoY
EPS
$0.12
Dividend
$0.06

Storage King Group reported FY26 statutory net profit of $154.3m (down 46.6%), with FFO of $82.1m (down 3.4%) and underlying earnings of $85.4m (down 0.6%), reflecting weaker trading conditions amid sector discounting and inflationary pressures offset by portfolio valuations gains of $71.4m. The company completed management internalisation on 30 June 2026, acquiring 100% of SKFML from Abacus Group and transitioning to internal management with cost savings expected, while maintaining its 6.20 cents per security distribution. Key points: Completed strategic internalisation of management functions on 30 June 2026, acquiring 100% of SKFML and transitioning to internally managed structure with aligned incentives and expected cost savings; Portfolio valuation increased by $71.4m (2.0%) to $3,639.1m, reflecting strategic asset quality across 151 owned assets representing 1.2m square metres; Maintained stable distribution of 6.20 cents per security despite trading challenges, demonstrating solid FFO generation of $82.1m

Recent Announcements

14 Aug 2026 Actual Results Neutral

FY26 Annual Report and Appendix 4E

Storage King Group reported FY26 statutory net profit of $154.3m (down 46.6%), with FFO of $82.1m (down 3.4%) and underlying earnings of $85.4m (down 0.6%), reflecting weaker trading conditions amid sector discounting and inflationary pressures offset by portfolio valuations gains of $71.4m. The company completed management internalisation on 30 June 2026, acquiring 100% of SKFML from Abacus Group and transitioning to internal management with cost savings expected, while maintaining its 6.20 cents per security distribution. Key points: Completed strategic internalisation of management functions on 30 June 2026, acquiring 100% of SKFML and transitioning to internally managed structure with aligned incentives and expected cost savings; Portfolio valuation increased by $71.4m (2.0%) to $3,639.1m, reflecting strategic asset quality across 151 owned assets representing 1.2m square metres; Maintained stable distribution of 6.20 cents per security despite trading challenges, demonstrating solid FFO generation of $82.1m

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