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U.S. Self-Storage REITs Industry Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies6
  • 7D1.7%
  • 3M12.5%
  • 1Y-2.6%
  • YTDn/a

Over the last 7 days, the Self-Storage REITs industry has risen 3.5%, driven by gains from Public Storage of 1.8%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 6.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026US$101.2bUS$10.4bUS$2.9b32.5x34.6x9.8x
Sat, 17 Jan 2026US$99.4bUS$10.3bUS$3.0b30.9x32.8x9.6x
Mon, 15 Dec 2025US$92.3bUS$10.3bUS$3.0b30.1x30.5x8.9x
Wed, 12 Nov 2025US$90.5bUS$10.3bUS$3.0b30x29.8x8.8x
Fri, 10 Oct 2025US$97.7bUS$10.2bUS$3.0b31.2x32.7x9.5x
Sun, 07 Sep 2025US$98.4bUS$10.2bUS$3.0b32.1x33x9.6x
Tue, 05 Aug 2025US$94.3bUS$10.2bUS$3.0b30.1x31.6x9.2x
Thu, 03 Jul 2025US$101.3bUS$10.2bUS$3.1b29.4x32.7x10x
Sat, 31 May 2025US$102.9bUS$10.2bUS$3.1b30.5x33.3x10.1x
Mon, 28 Apr 2025US$97.6bUS$10.1bUS$3.2b27.3x30.6x9.6x
Wed, 26 Mar 2025US$99.7bUS$10.2bUS$3.3b25.5x30.6x9.8x
Fri, 21 Feb 2025US$101.3bUS$10.2bUS$3.1b21.9x32.6x9.9x
Sun, 19 Jan 2025US$100.3bUS$10.2bUS$3.1b21.4x32.3x9.8x
Tue, 17 Dec 2024US$107.6bUS$10.2bUS$3.1b23.8x34.6x10.6x
Thu, 14 Nov 2024US$111.2bUS$10.1bUS$3.0b27.4x36.6x11x
Sat, 12 Oct 2024US$114.8bUS$10.0bUS$3.2b27.8x35.5x11.5x
Mon, 09 Sep 2024US$117.0bUS$10.0bUS$3.2b28.9x36.2x11.7x
Wed, 07 Aug 2024US$104.9bUS$10.0bUS$3.2b26.5x32.4x10.5x
Fri, 05 Jul 2024US$100.4bUS$9.7bUS$3.3b25.1x30.1x10.4x
Sun, 02 Jun 2024US$95.0bUS$9.7bUS$3.3b24.8x28.5x9.8x
Tue, 30 Apr 2024US$89.2bUS$9.3bUS$3.3b22.8x27.1x9.6x
Thu, 28 Mar 2024US$98.9bUS$9.3bUS$3.3b24.9x30x10.6x
Sat, 24 Feb 2024US$96.4bUS$9.0bUS$3.2b25.7x29.9x10.7x
Mon, 22 Jan 2024US$111.3bUS$10.0bUS$3.6b28.8x31.3x11.1x
Wed, 20 Dec 2023US$113.5bUS$10.0bUS$3.6b28.9x31.9x11.3x
Fri, 17 Nov 2023US$100.0bUS$10.0bUS$3.6b27.5x28x10x
Sun, 15 Oct 2023US$99.2bUS$9.7bUS$5.7b25.2x17.3x10.2x
Tue, 12 Sep 2023US$103.2bUS$9.7bUS$5.7b27.2x18x10.6x
Thu, 10 Aug 2023US$105.6bUS$9.7bUS$5.8b29.7x18.4x10.9x
Sat, 08 Jul 2023US$98.8bUS$9.6bUS$5.8b28.4x17x10.3x
Mon, 05 Jun 2023US$99.2bUS$9.6bUS$5.8b29x17.1x10.4x
Wed, 03 May 2023US$99.6bUS$9.3bUS$5.8b28.3x17.1x10.7x
Fri, 31 Mar 2023US$101.1bUS$9.1bUS$5.7b29.6x17.6x11.1x
Price to Earnings Ratio

17.6x


Total Market Cap: US$101.1bTotal 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 28.9x202420252026
Current Industry PE
  • Investors are optimistic on the American Self-Storage REITs industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 34.4x which is higher than its 3-year average PE of 28.9x.
  • The industry is trading close to its 3-year average PS ratio of 10.2x.
Past Earnings Growth
  • The earnings for companies in the Self-Storage REITs industry have declined 20% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.5% 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 Market-0.74%
Real Estate0.67%
Specialized REITs2.47%
Self-Storage REITs1.70%
Data Center REITs3.94%
Telecom Tower REITs3.40%
Timber REITs-1.80%
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$299.001.8%
+US$918.4m		0.5%PB10.7x
EXR Extra Space StorageUS$145.181.9%
+US$573.1m		-5.6%PB2.3x
NSA National Storage Affiliates TrustUS$34.262.4%
+US$62.3m		-8.6%PB4.2x
SMA SmartStop Self Storage REITUS$33.472.7%
+US$48.2m		n/aPB1.5x
CUBE CubeSmartUS$38.680.2%
+US$16.0m		-6.3%PB3.2x

Latest News

PSA
US$299.00
Public Storage
7D
1.8%
1Y
0.5%
CUBE
US$38.68
CubeSmart
7D
0.2%
1Y
-6.3%

CUBE: 2026 Storage Recovery Thesis Holds As Sector Views Turn Cautious

The analyst price target for CubeSmart has edged down by about $0.27, as analysts adjust fair value assumptions and price multiples while maintaining a generally steady view on revenue growth and margins. Analyst Commentary Recent research on CubeSmart has focused on fine tuning price targets and ratings around a more cautious view of the REIT sector heading into 2026, with storage still generally seen as a relatively balanced area within the group.
NSA
US$34.26
National Storage Affiliates Trust
7D
2.4%
1Y
-8.6%
EXR
US$145.18
Extra Space Storage
7D
1.9%
1Y
-5.6%
SMA
US$33.47
SmartStop Self Storage REIT
7D
2.7%
1Y
n/a
SELF
US$4.97
Global Self Storage
7D
-2.4%
1Y
-4.3%