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U.S. Self-Storage REITs Industry Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies6
  • 7D5.4%
  • 3M-3.4%
  • 1Y-1.5%
  • YTDn/a

Over the last 7 days, the Self-Storage REITs industry has risen 5.4%, driven by gains from Public Storage of 5.3%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 7.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 Jan 2026US$100.1bUS$10.3bUS$3.0b30.9x33x9.7x
Thu, 18 Dec 2025US$89.8bUS$10.3bUS$3.0b29.5x29.6x8.7x
Sat, 15 Nov 2025US$91.8bUS$10.3bUS$3.0b29.8x30.3x8.9x
Mon, 13 Oct 2025US$97.6bUS$10.2bUS$3.0b30.9x32.7x9.5x
Wed, 10 Sep 2025US$98.2bUS$10.2bUS$3.0b31.5x32.9x9.6x
Fri, 08 Aug 2025US$94.5bUS$10.2bUS$3.0b30.1x31.6x9.2x
Sun, 06 Jul 2025US$101.6bUS$10.2bUS$3.1b29.3x32.9x10x
Tue, 03 Jun 2025US$103.5bUS$10.2bUS$3.1b30.7x33.4x10.2x
Thu, 01 May 2025US$98.0bUS$10.1bUS$3.2b28.1x30.2x9.7x
Sat, 29 Mar 2025US$98.9bUS$10.2bUS$3.3b27.2x30.4x9.7x
Mon, 24 Feb 2025US$103.1bUS$10.2bUS$3.1b21.8x33.2x10.1x
Wed, 22 Jan 2025US$100.3bUS$10.2bUS$3.1b21.5x32.3x9.8x
Fri, 20 Dec 2024US$101.1bUS$10.2bUS$3.1b21.6x32.6x9.9x
Sun, 17 Nov 2024US$112.7bUS$10.1bUS$3.0b27.2x37x11.1x
Tue, 15 Oct 2024US$115.1bUS$10.0bUS$3.2b27.8x35.6x11.5x
Thu, 12 Sep 2024US$120.3bUS$10.0bUS$3.2b29.7x37.2x12x
Sat, 10 Aug 2024US$107.6bUS$10.0bUS$3.2b26.9x33.3x10.8x
Mon, 08 Jul 2024US$100.7bUS$9.7bUS$3.3b25.8x30.3x10.4x
Wed, 05 Jun 2024US$95.1bUS$9.7bUS$3.3b25.3x28.6x9.8x
Fri, 03 May 2024US$90.9bUS$9.7bUS$3.3b22.9x27.3x9.4x
Sun, 31 Mar 2024US$99.4bUS$9.3bUS$3.3b24.8x30.1x10.7x
Tue, 27 Feb 2024US$94.9bUS$9.0bUS$3.2b25.3x29.5x10.5x
Thu, 25 Jan 2024US$111.5bUS$10.0bUS$3.6b28.7x31.3x11.1x
Sat, 23 Dec 2023US$115.1bUS$10.0bUS$3.6b29.1x32.3x11.5x
Mon, 20 Nov 2023US$99.2bUS$10.0bUS$3.6b25.4x27.9x9.9x
Wed, 18 Oct 2023US$100.2bUS$9.7bUS$5.7b25.7x17.4x10.3x
Fri, 15 Sep 2023US$101.8bUS$9.7bUS$5.7b27.2x17.7x10.5x
Sun, 13 Aug 2023US$106.0bUS$9.7bUS$5.7b27.2x18.4x10.9x
Tue, 11 Jul 2023US$99.9bUS$9.6bUS$5.8b28.7x17.2x10.5x
Thu, 08 Jun 2023US$96.7bUS$9.6bUS$5.8b29.1x16.6x10.1x
Sat, 06 May 2023US$102.5bUS$9.5bUS$5.8b29.5x17.6x10.7x
Mon, 03 Apr 2023US$103.6bUS$9.1bUS$5.7b29.6x18x11.4x
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 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 33.0x which is higher than its 3-year average PE of 28.8x.
  • 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 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 Market-0.55%
Real Estate2.98%
Specialized REITs4.39%
Self-Storage REITs5.43%
Telecom Tower REITs7.02%
Timber REITs5.37%
Data Center REITs2.61%
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$293.895.0%
+US$2.5b		-1.1%PB10.4x
EXR Extra Space StorageUS$148.876.0%
+US$1.8b		-2.0%PB2.3x
CUBE CubeSmartUS$39.615.0%
+US$428.7m		-4.5%PB3.2x
NSA National Storage Affiliates TrustUS$33.805.8%
+US$142.3m		-8.4%PB4.1x
SMA SmartStop Self Storage REITUS$33.644.2%
+US$74.7m		n/aPB1.5x

Latest News

CUBE
US$39.61
CubeSmart
7D
5.0%
1Y
-4.5%

CUBE: Raised Guidance And Sector Reset Shape Balanced 2026 Outlook

Narrative Update: CubeSmart Price Target Adjustment Our updated analyst price target for CubeSmart moves slightly lower to US$42.25 from US$43.00. This reflects modestly softer long term growth and profitability assumptions as analysts temper expectations following recent sector wide target cuts and a downgrade to Sector Weight.
NSA
US$33.80
National Storage Affiliates Trust
7D
5.8%
1Y
-8.4%
EXR
US$148.87
Extra Space Storage
7D
6.0%
1Y
-2.0%

EXR: Slower Recovery And New Partnership Shape Balanced Future Prospects

The analyst price target for Extra Space Storage has shifted slightly lower to about $151.85 from $154.15, as analysts factor in softer projected revenue growth, a modestly lower profit margin profile, and expectations that its P/E multiple could align more closely with peers following recent sector downgrades and target cuts. Analyst Commentary Recent research reflects a mixed but generally more cautious stance on Extra Space Storage, with target prices trimmed and expectations reset around revenue growth and valuation multiples relative to key peers.
PSA
US$293.89
Public Storage
7D
5.0%
1Y
-1.1%

PSA: Higher Net Operating Income Run Rate Will Drive Future Multiple Expansion

Narrative Update on Public Storage The analyst price target for Public Storage has been trimmed by about $4 to reflect slightly lower modeled fair value, revenue growth, profit margin, and future P/E assumptions, as analysts factor in more muted self storage growth expectations and recent Street price target cuts. Analyst Commentary Recent research on Public Storage and its peers points to a more mixed setup for the self storage group, with price targets coming down but earnings inputs and valuation views staying relatively constructive in some cases.
SELF
US$5.02
Global Self Storage
7D
-0.2%
1Y
-4.2%
SMA
US$33.64
SmartStop Self Storage REIT
7D
4.2%
1Y
n/a

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

Jan 01