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U.S. Self-Storage REITs Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies7
  • 7D4.5%
  • 3M-6.1%
  • 1Y-8.8%
  • YTDn/a

In the last week, the Self-Storage REITs industry is up 2.4%, with Public Storage up 4.5%. However, the industry is down 11% over the past year. Earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

Has the U.S. Self-Storage REITs Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026US$90.3bUS$10.3bUS$3.0b30.5x29.8x8.7x
Sun, 07 Dec 2025US$90.7bUS$10.3bUS$3.0b29x29.9x8.8x
Tue, 04 Nov 2025US$92.4bUS$10.3bUS$3.0b28.8x30.6x8.9x
Thu, 02 Oct 2025US$96.8bUS$10.2bUS$3.0b30.7x32.4x9.4x
Sat, 30 Aug 2025US$97.8bUS$10.2bUS$3.0b31.3x32.8x9.5x
Mon, 28 Jul 2025US$99.1bUS$10.2bUS$3.1b28.5x32x9.7x
Wed, 25 Jun 2025US$100.5bUS$10.2bUS$3.1b29.3x32.5x9.9x
Fri, 23 May 2025US$99.7bUS$10.2bUS$3.1b29.3x32.2x9.8x
Sun, 20 Apr 2025US$98.6bUS$10.1bUS$3.2b27.7x30.9x9.7x
Tue, 18 Mar 2025US$99.8bUS$10.2bUS$3.3b26.3x30.6x9.8x
Thu, 13 Feb 2025US$103.8bUS$10.2bUS$3.1b21.8x33.4x10.2x
Sat, 11 Jan 2025US$99.7bUS$10.2bUS$3.1b21x32.1x9.8x
Mon, 09 Dec 2024US$112.2bUS$10.2bUS$3.1b24.9x36.1x11x
Wed, 06 Nov 2024US$111.8bUS$10.1bUS$3.0b27.6x36.8x11.1x
Fri, 04 Oct 2024US$119.6bUS$10.0bUS$3.2b29x37x12x
Sun, 01 Sep 2024US$117.5bUS$10.0bUS$3.2b28.9x36.3x11.7x
Tue, 30 Jul 2024US$105.7bUS$9.7bUS$3.3b26.7x31.7x10.9x
Thu, 27 Jun 2024US$101.7bUS$9.7bUS$3.3b24.8x30.5x10.5x
Sat, 25 May 2024US$94.5bUS$9.7bUS$3.3b24.7x28.4x9.8x
Mon, 22 Apr 2024US$89.8bUS$9.3bUS$3.3b23x27.2x9.6x
Wed, 20 Mar 2024US$94.4bUS$9.3bUS$3.3b23.4x28.6x10.1x
Fri, 16 Feb 2024US$95.6bUS$8.9bUS$3.2b26.2x29.9x10.7x
Sun, 14 Jan 2024US$112.6bUS$10.0bUS$3.6b28.9x31.6x11.2x
Tue, 12 Dec 2023US$106.0bUS$10.0bUS$3.6b27.8x29.8x10.6x
Thu, 09 Nov 2023US$91.8bUS$10.0bUS$3.6b24.2x25.8x9.2x
Sat, 07 Oct 2023US$97.7bUS$9.7bUS$5.7b25x17x10.1x
Mon, 04 Sep 2023US$55.0bUS$5.3bUS$1.7b30.9x32.8x10.4x
Wed, 02 Aug 2023US$106.4bUS$9.6bUS$5.8b30.9x18.3x11.1x
Fri, 30 Jun 2023US$99.3bUS$9.6bUS$5.8b28.7x17.1x10.4x
Sun, 28 May 2023US$98.8bUS$9.6bUS$5.8b28.7x17x10.3x
Tue, 25 Apr 2023US$99.5bUS$9.1bUS$5.7b30x17.3x10.9x
Price to Earnings Ratio

18x


Total Market Cap: US$103.6bTotal Earnings: US$5.7bTotal Revenue: US$9.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Self-Storage REITs Industry Price to Earnings3Y Average 28.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Self-Storage REITs industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 28.8x.
  • The 3-year average PS ratio of 10.3x is higher than the industry's current PS ratio of 8.9x.
Past Earnings Growth
  • The earnings for companies in the Self-Storage REITs industry have declined 19% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.4% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does U.S. Self-Storage REITs compare with similar industries?

US Market1.49%
Real Estate0.61%
Specialized REITs0.87%
Self-Storage REITs4.46%
Timber REITs1.96%
Data Center REITs1.04%
Telecom Tower REITs-2.98%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PSA Public StorageUS$271.124.5%
+US$2.0b		-8.2%PB9.6x
EXR Extra Space StorageUS$136.354.7%
+US$1.3b		-7.9%PB2.1x
CUBE CubeSmartUS$37.062.8%
+US$230.3m		-10.3%PB3x
NSA National Storage Affiliates TrustUS$30.267.3%
+US$157.7m		-18.1%PB3.7x
SMA SmartStop Self Storage REITUS$31.662.3%
+US$39.9m		n/aPB1.5x

Latest News

EXR
US$136.35
Extra Space Storage
7D
4.7%
1Y
-7.9%
CUBE
US$37.06
CubeSmart
7D
2.8%
1Y
-10.3%

CUBE: Raised Guidance And New York City Base Will Support Future Upside

Analysts have slightly trimmed their fair value estimate for CubeSmart to about US$43.00 from roughly US$43.18, citing more cautious expectations for 2026 growth and potential net operating income headwinds, even after recent guidance raises. Analyst Commentary Recent Street commentary on CubeSmart centers on how near term guidance strength lines up with a tougher setup for 2026 growth and net operating income trends.
SELF
US$5.09
Global Self Storage
7D
-0.3%
1Y
0.3%
SMA
US$31.66
SmartStop Self Storage REIT
7D
2.3%
1Y
n/a

SmartStop Self Storage: A REIT To Hold, Awaiting Stronger Market Revival

Jan 01
NSA
US$30.26
National Storage Affiliates Trust
7D
7.3%
1Y
-18.1%

NSA: Joint Venture Expansion Will Support Future Upside Despite Earnings Headwinds

Analysts have nudged their price target for National Storage Affiliates Trust slightly lower, trimming fair value by about $0.27 to roughly $33.30 as they incorporate a modestly higher discount rate and softer long term revenue growth assumptions, partly offset by slightly improved profit margin and valuation expectations. What's in the News NSA reaffirmed 2025 guidance, continuing to project total revenue growth between negative 3.0% and negative 2.0% and diluted EPS of $0.71 to $0.74, signaling ongoing top line pressure but stable earnings expectations (company guidance).
PSA
US$271.12
Public Storage
7D
4.5%
1Y
-8.2%

PSA Multiple Expansion Will Be Driven By Stronger Net Operating Income Trends

Analysts have trimmed their average price target for Public Storage to about $319 from roughly $326, citing slightly lower revenue growth assumptions, offset by modestly higher profit margins and improving net operating income trends that still support potential multiple expansion. Analyst Commentary Street research updates reflect a nuanced backdrop for Public Storage, with modestly revised price targets balancing improving fundamentals against macro and housing related headwinds.