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U.S. Self-Storage REITs Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies7
  • 7D1.3%
  • 3M-9.1%
  • 1Y-13.4%
  • YTDn/a

Over the last 7 days, the Self-Storage REITs industry has risen 1.3%, driven by gains from every company within the industry. However, the industry is down 13% over the past year. Earnings are forecast to grow by 7.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025US$88.3bUS$10.3bUS$3.0b29.5x29.1x8.5x
Fri, 28 Nov 2025US$92.0bUS$10.3bUS$3.0b29.9x30.4x8.9x
Sun, 26 Oct 2025US$101.7bUS$10.2bUS$3.0b32.7x34.1x9.9x
Tue, 23 Sep 2025US$94.5bUS$10.2bUS$3.0b30.2x31.7x9.2x
Thu, 21 Aug 2025US$96.1bUS$10.2bUS$3.0b30.4x32.2x9.4x
Sat, 19 Jul 2025US$97.4bUS$10.2bUS$3.1b28.1x31.5x9.6x
Mon, 16 Jun 2025US$100.6bUS$10.2bUS$3.1b29.2x32.5x9.9x
Wed, 14 May 2025US$102.7bUS$10.2bUS$3.1b29.9x33.2x10.1x
Fri, 11 Apr 2025US$94.1bUS$10.1bUS$3.2b26x29.5x9.3x
Sun, 09 Mar 2025US$106.0bUS$10.2bUS$3.3b27.2x32.5x10.4x
Tue, 04 Feb 2025US$101.6bUS$10.2bUS$3.1b21.5x32.7x10x
Thu, 02 Jan 2025US$101.3bUS$10.2bUS$3.1b22.1x32.6x9.9x
Sat, 30 Nov 2024US$117.0bUS$10.1bUS$3.0b27.9x38.5x11.6x
Mon, 28 Oct 2024US$112.6bUS$10.0bUS$3.2b26.9x34.8x11.3x
Wed, 25 Sep 2024US$123.4bUS$10.0bUS$3.2b30.1x38.2x12.3x
Fri, 23 Aug 2024US$112.6bUS$10.0bUS$3.2b28.1x34.8x11.3x
Sun, 21 Jul 2024US$106.1bUS$9.7bUS$3.3b26.4x31.9x11x
Tue, 18 Jun 2024US$100.2bUS$9.7bUS$3.3b24.9x30.1x10.4x
Thu, 16 May 2024US$97.0bUS$9.7bUS$3.3b26x29.2x10x
Sat, 13 Apr 2024US$95.5bUS$9.3bUS$3.3b24x28.9x10.2x
Mon, 11 Mar 2024US$100.8bUS$9.3bUS$3.3b24.9x30.6x10.8x
Wed, 07 Feb 2024US$96.1bUS$8.9bUS$3.2b25.8x30.1x10.7x
Fri, 05 Jan 2024US$115.4bUS$10.0bUS$3.6b29.2x32.4x11.5x
Sun, 03 Dec 2023US$102.6bUS$10.0bUS$3.6b26.3x28.8x10.2x
Tue, 31 Oct 2023US$89.0bUS$9.7bUS$5.7b23x15.5x9.2x
Thu, 28 Sep 2023US$98.8bUS$9.7bUS$5.7b25.9x17.2x10.2x
Sat, 26 Aug 2023US$103.5bUS$9.7bUS$5.7b27.4x18x10.7x
Mon, 24 Jul 2023US$99.8bUS$9.6bUS$5.8b29x17.2x10.4x
Wed, 21 Jun 2023US$97.7bUS$9.6bUS$5.8b28.6x16.8x10.2x
Fri, 19 May 2023US$99.1bUS$9.6bUS$5.8b28.7x17x10.4x
Sun, 16 Apr 2023US$100.6bUS$9.1bUS$5.7b30.7x17.5x11.1x
Price to Earnings Ratio

18.4x


Total Market Cap: US$105.6bTotal 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 28.8x20242025
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 8.5x.
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-0.48%
Real Estate0.95%
Specialized REITs1.38%
Self-Storage REITs1.28%
Data Center REITs1.55%
Timber REITs1.39%
Telecom Tower REITs1.27%
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
EXR Extra Space StorageUS$131.561.7%
+US$458.5m		-12.1%PB2.1x
PSA Public StorageUS$261.130.7%
+US$298.3m		-12.8%PB9.2x
CUBE CubeSmartUS$36.312.7%
+US$216.6m		-15.3%PB3x
NSA National Storage Affiliates TrustUS$28.443.3%
+US$70.0m		-25.0%PB3.5x
SMA SmartStop Self Storage REITUS$31.380.5%
+US$8.3m		n/aPB1.4x

Latest News

NSA
US$28.44
National Storage Affiliates Trust
7D
3.3%
1Y
-25.0%

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$261.13
Public Storage
7D
0.7%
1Y
-12.8%

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.
SMA
US$31.38
SmartStop Self Storage REIT
7D
0.5%
1Y
n/a
EXR
US$131.56
Extra Space Storage
7D
1.7%
1Y
-12.1%

EXR: Reduced Supply Will Drive Future Pricing Power Despite Housing Headwinds

Analysts have nudged their price target for Extra Space Storage slightly lower from $155 to about $154 per share, citing cautious optimism around long term pricing power and margins, while tempering near term growth expectations amid soft fundamentals and a still constrained housing market. Analyst Commentary Recent Street research reflects a cautiously constructive stance on Extra Space Storage, with incremental upward adjustments to price targets but recognition that sustained upside depends on a more supportive macro and housing backdrop.
CUBE
US$36.31
CubeSmart
7D
2.7%
1Y
-15.3%

CUBE: Raised Guidance And New York City Strength Will Drive Future Upside

Analysts have modestly reduced their price target on CubeSmart to approximately $43.18 from $44.00, reflecting expectations for slower revenue growth and a tougher 2026 outlook, even as margins improve and guidance remains solid. Analyst Commentary Bullish analysts highlight that CubeSmart's repeated guidance increases and supportive performance in key markets underpin a constructive long term outlook, even as near term growth expectations moderate.
SELF
US$5.10
Global Self Storage
7D
0.8%
1Y
-4.3%