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U.S. Self-Storage REITs Industry Analysis

UpdatedMay 24, 2026
DataAggregated Company Financials
Companies6
  • 7D4.5%
  • 3M-0.7%
  • 1Y1.5%
  • YTDn/a

In the last week, the Self-Storage REITs industry is up 4.5%, with Public Storage up 4.4%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 5.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 May 2026US$101.7bUS$10.5bUS$3.0b31.8x33.4x9.7x
Tue, 21 Apr 2026US$103.1bUS$10.4bUS$2.9b31.9x35.1x9.9x
Thu, 19 Mar 2026US$96.8bUS$10.4bUS$2.9b30.7x32.9x9.3x
Sat, 14 Feb 2026US$98.4bUS$10.3bUS$3.0b31.1x32.5x9.5x
Mon, 12 Jan 2026US$94.3bUS$10.3bUS$3.0b31.2x31.1x9.1x
Wed, 10 Dec 2025US$88.6bUS$10.3bUS$3.0b28.4x29.2x8.6x
Fri, 07 Nov 2025US$92.5bUS$10.3bUS$3.0b28.4x30.5x9x
Sun, 05 Oct 2025US$98.0bUS$10.2bUS$3.0b31.1x32.8x9.6x
Tue, 02 Sep 2025US$98.7bUS$10.2bUS$3.0b31.3x33.1x9.6x
Thu, 31 Jul 2025US$100.2bUS$10.2bUS$3.1b28.6x32.4x9.9x
Sat, 28 Jun 2025US$98.3bUS$10.2bUS$3.1b28.7x31.8x9.7x
Mon, 26 May 2025US$99.8bUS$10.2bUS$3.1b29.4x32.3x9.8x
Wed, 23 Apr 2025US$96.0bUS$10.1bUS$3.2b27.8x30.1x9.5x
Fri, 21 Mar 2025US$100.0bUS$10.2bUS$3.3b26.1x30.7x9.8x
Sun, 16 Feb 2025US$101.5bUS$10.2bUS$3.1b21.6x32.7x10x
Tue, 14 Jan 2025US$98.0bUS$10.2bUS$3.1b21x31.6x9.6x
Thu, 12 Dec 2024US$110.2bUS$10.2bUS$3.1b24.3x35.5x10.8x
Sat, 09 Nov 2024US$112.1bUS$10.1bUS$3.0b27.5x36.9x11.1x
Mon, 07 Oct 2024US$115.6bUS$10.0bUS$3.2b28.5x35.8x11.6x
Wed, 04 Sep 2024US$117.5bUS$10.0bUS$3.2b28.8x36.3x11.7x
Fri, 02 Aug 2024US$104.0bUS$10.0bUS$3.3b26.4x32x10.4x
Sun, 30 Jun 2024US$100.8bUS$9.7bUS$3.3b25x30.3x10.4x
Tue, 28 May 2024US$94.1bUS$9.7bUS$3.3b24.7x28.3x9.7x
Thu, 25 Apr 2024US$90.2bUS$9.3bUS$3.3b23.1x27.4x9.7x
Sat, 23 Mar 2024US$95.8bUS$9.3bUS$3.3b24x29x10.3x
Mon, 19 Feb 2024US$96.3bUS$8.9bUS$3.2b25.8x30.2x10.8x
Wed, 17 Jan 2024US$112.7bUS$10.0bUS$3.6b28.9x31.7x11.2x
Fri, 15 Dec 2023US$109.2bUS$10.0bUS$3.6b28.9x30.7x10.9x
Sun, 12 Nov 2023US$93.8bUS$10.0bUS$3.6b23.6x26.3x9.4x
Tue, 10 Oct 2023US$99.5bUS$9.7bUS$5.7b25.4x17.3x10.3x
Thu, 07 Sep 2023US$101.6bUS$9.7bUS$5.7b27.1x17.7x10.5x
Sat, 05 Aug 2023US$93.1bUS$9.7bUS$5.8b23.4x16.2x9.6x
Mon, 03 Jul 2023US$100.1bUS$9.6bUS$5.8b28.6x17.2x10.5x
Wed, 31 May 2023US$99.2bUS$9.6bUS$5.8b28.9x17.1x10.4x
Price to Earnings Ratio

17.1x


Total Market Cap: US$99.2bTotal Earnings: US$5.8bTotal Revenue: US$9.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Self-Storage REITs Industry Price to Earnings3Y Average 29.9x202420252026
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 33.4x which is higher than its 3-year average PE of 29.9x.
  • The industry is trading close to its 3-year average PS ratio of 10.1x.
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 3.3% 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 Market1.06%
Real Estate2.81%
Specialized REITs3.75%
Self-Storage REITs4.46%
Telecom Tower REITs7.75%
Timber REITs3.89%
Data Center REITs1.74%
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$305.254.4%
+US$2.2b		2.9%PB11x
EXR Extra Space StorageUS$143.304.7%
+US$1.4b		-1.7%PB2.3x
CUBE CubeSmartUS$40.074.5%
+US$387.2m		-3.0%PB3.4x
NSA National Storage Affiliates TrustUS$42.714.1%
+US$130.5m		25.1%PB5.8x
SMA SmartStop Self Storage REITUS$30.984.5%
+US$74.2m		-15.4%PB1.5x

Latest News

CUBE
US$40.07
CubeSmart
7D
4.5%
1Y
-3.0%
EXR
US$143.30
Extra Space Storage
7D
4.7%
1Y
-1.7%
NSA
US$42.71
National Storage Affiliates Trust
7D
4.1%
1Y
25.1%
Narrative Update • May 21

NSA: Fairly Valued Merger Outlook Will Balance Integration Risks And Opportunities

Analysts lifted the fair value estimate for National Storage Affiliates Trust by about $2.37 to $40.97, reflecting a series of recent price target increases into the low $40s from several firms and updated assumptions around margins, discount rate, and expected P/E. Analyst Commentary Recent Street research around National Storage Affiliates Trust has clustered in a tight range in the low US$40s, which lines up closely with the updated fair value estimate of US$40.97.
SMA
US$30.98
SmartStop Self Storage REIT
7D
4.5%
1Y
-15.4%
PSA
US$305.25
Public Storage
7D
4.4%
1Y
2.9%
SELF
US$5.25
Global Self Storage
7D
-0.6%
1Y
-5.4%