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U.S. Self-Storage REITs Industry Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies6
  • 7D1.2%
  • 3M7.4%
  • 1Y-5.1%
  • YTDn/a

Over the last 7 days, the Self-Storage REITs industry has risen 3.5%, driven by gains from every company within the industry. However, the industry is down 7.1% over the past year. Earnings are forecast to grow by 6.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Feb 2026US$97.7bUS$10.3bUS$3.0b31.3x32.3x9.5x
Sat, 10 Jan 2026US$92.2bUS$10.3bUS$3.0b31.2x30.4x8.9x
Mon, 08 Dec 2025US$90.7bUS$10.3bUS$3.0b29x29.9x8.8x
Wed, 05 Nov 2025US$91.5bUS$10.3bUS$3.0b28.6x30.3x8.9x
Fri, 03 Oct 2025US$97.1bUS$10.2bUS$3.0b30.8x32.5x9.5x
Sun, 31 Aug 2025US$98.7bUS$10.2bUS$3.0b31.3x33.1x9.6x
Tue, 29 Jul 2025US$99.1bUS$10.2bUS$3.1b28.3x32x9.7x
Thu, 26 Jun 2025US$100.5bUS$10.2bUS$3.1b28.7x32.5x9.9x
Sat, 24 May 2025US$99.4bUS$10.2bUS$3.1b29.4x32.1x9.8x
Mon, 21 Apr 2025US$98.6bUS$10.1bUS$3.2b27.7x30.9x9.7x
Wed, 19 Mar 2025US$100.7bUS$10.2bUS$3.3b26.3x30.9x9.9x
Fri, 14 Feb 2025US$102.2bUS$10.2bUS$3.1b21.9x32.9x10x
Sun, 12 Jan 2025US$98.0bUS$10.2bUS$3.1b21x31.6x9.6x
Tue, 10 Dec 2024US$112.2bUS$10.2bUS$3.1b25x36.1x11x
Thu, 07 Nov 2024US$114.8bUS$10.1bUS$3.0b26.3x37.7x11.4x
Sat, 05 Oct 2024US$118.9bUS$10.0bUS$3.2b28.5x36.8x11.9x
Mon, 02 Sep 2024US$117.5bUS$10.0bUS$3.2b28.9x36.3x11.7x
Wed, 31 Jul 2024US$106.0bUS$9.7bUS$3.3b26.9x31.9x11x
Fri, 28 Jun 2024US$101.3bUS$9.7bUS$3.3b24.7x30.4x10.5x
Sun, 26 May 2024US$94.1bUS$9.7bUS$3.3b24.7x28.3x9.7x
Tue, 23 Apr 2024US$89.8bUS$9.3bUS$3.3b23x27.2x9.6x
Thu, 21 Mar 2024US$94.4bUS$9.3bUS$3.3b23.8x28.6x10.1x
Sat, 17 Feb 2024US$97.3bUS$8.9bUS$3.2b25.8x30.5x10.9x
Mon, 15 Jan 2024US$112.7bUS$10.0bUS$3.6b28.9x31.7x11.2x
Wed, 13 Dec 2023US$105.4bUS$10.0bUS$3.6b27.5x29.6x10.5x
Fri, 10 Nov 2023US$95.1bUS$10.0bUS$3.6b23.7x26.7x9.5x
Sun, 08 Oct 2023US$97.7bUS$9.7bUS$5.7b25x17x10.1x
Tue, 05 Sep 2023US$55.0bUS$5.3bUS$1.7b30.9x32.8x10.4x
Thu, 03 Aug 2023US$106.1bUS$9.6bUS$5.8b30.9x18.2x11.1x
Sat, 01 Jul 2023US$100.0bUS$9.6bUS$5.8b28.6x17.2x10.5x
Mon, 29 May 2023US$98.8bUS$9.6bUS$5.8b28.7x17x10.3x
Wed, 26 Apr 2023US$100.5bUS$9.3bUS$5.7b31.4x17.5x10.8x
Price to Earnings Ratio

18.1x


Total Market Cap: US$104.2bTotal 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 31.9x 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 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 Market1.43%
Real Estate2.65%
Specialized REITs3.44%
Self-Storage REITs1.19%
Data Center REITs7.02%
Telecom Tower REITs2.23%
Timber REITs0.62%
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$293.841.9%
+US$937.0m		-2.1%PB10.4x
EXR Extra Space StorageUS$142.480.5%
+US$163.4m		-8.0%PB2.2x
NSA National Storage Affiliates TrustUS$33.452.7%
+US$66.9m		-11.3%PB4.1x
SELF Global Self StorageUS$5.090.8%
+US$453.5k		-1.2%PB1.2x

Latest News

NSA
US$33.45
National Storage Affiliates Trust
7D
2.7%
1Y
-11.3%

NSA: Mixed 2026 REIT Backdrop And Execution Will Shape Returns

Analysts have trimmed their price target on National Storage Affiliates Trust by about $0.63 to reflect updated fair value and profit margin assumptions, while incorporating a mix of recent target increases and decreases from major firms and a higher future P/E outlook. Analyst Commentary Recent research on National Storage Affiliates Trust shows a mix of optimism and caution, with several firms adjusting price targets in both directions and keeping ratings largely in the Neutral range.
PSA
US$293.84
Public Storage
7D
1.9%
1Y
-2.1%

PSA: Higher NOI Run Rate To Offset Mixed 2026 Storage Setup

Analysts have trimmed their fair value estimate for Public Storage from about $309 to about $307 per share. This reflects recent price target cuts and sector downgrades that point to modestly softer profit margins and a slightly higher required return, even as revenue growth and forward P/E expectations stay broadly in line with prior views.
CUBE
US$38.61
CubeSmart
7D
-0.7%
1Y
-8.1%
SMA
US$32.60
SmartStop Self Storage REIT
7D
-0.1%
1Y
n/a
EXR
US$142.48
Extra Space Storage
7D
0.5%
1Y
-8.0%

EXR: Mixed 2026 Outlook And New US$600m Venture Guide Future Prospects

Analysts have trimmed their fair value estimate for Extra Space Storage by about $0.90 to $150.95, reflecting slightly softer revenue growth and margin expectations, even as recent Street research shows a mix of higher and lower price targets tied to revisions in the REIT sector outlook. Analyst Commentary Recent research updates on Extra Space Storage point to a mixed but engaged view from the Street, with several firms recalibrating price targets and ratings as they refine their outlooks for the wider REIT group and the self storage segment in particular.
SELF
US$5.09
Global Self Storage
7D
0.8%
1Y
-1.2%