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U.S. Self-Storage REITs Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies7
  • 7D7.3%
  • 3M-6.4%
  • 1Y-4.7%
  • YTDn/a

In the last week, the Self-Storage REITs industry is up 6.6%, with all of the companies up. In the past year, the industry is down 5.4%. Earnings are forecast to grow by 7.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026US$94.3bUS$10.3bUS$3.0b31.3x31.1x9.1x
Thu, 11 Dec 2025US$89.0bUS$10.3bUS$3.0b29.1x29.4x8.6x
Sat, 08 Nov 2025US$91.0bUS$10.3bUS$3.0b28.8x30x8.8x
Mon, 06 Oct 2025US$98.0bUS$10.2bUS$3.0b31.1x32.8x9.6x
Wed, 03 Sep 2025US$98.7bUS$10.2bUS$3.0b30.7x33.1x9.6x
Fri, 01 Aug 2025US$98.7bUS$10.2bUS$3.0b29.3x32.9x9.7x
Sun, 29 Jun 2025US$95.3bUS$10.2bUS$3.1b28.7x30.8x9.4x
Tue, 27 May 2025US$99.8bUS$10.2bUS$3.1b29.4x32.3x9.8x
Thu, 24 Apr 2025US$98.8bUS$10.1bUS$3.2b27.7x31x9.8x
Sat, 22 Mar 2025US$99.9bUS$10.2bUS$3.3b25.8x30.6x9.8x
Mon, 17 Feb 2025US$101.5bUS$10.2bUS$3.1b21.6x32.7x10x
Wed, 15 Jan 2025US$98.7bUS$10.2bUS$3.1b21x31.8x9.7x
Fri, 13 Dec 2024US$108.9bUS$10.2bUS$3.1b24.3x35.1x10.7x
Sun, 10 Nov 2024US$114.4bUS$10.1bUS$3.0b27.5x37.6x11.3x
Tue, 08 Oct 2024US$115.6bUS$10.0bUS$3.2b28.3x35.8x11.6x
Thu, 05 Sep 2024US$116.9bUS$10.0bUS$3.2b28.7x36.2x11.7x
Sat, 03 Aug 2024US$104.6bUS$10.0bUS$3.2b27.2x32.2x10.4x
Mon, 01 Jul 2024US$100.9bUS$9.7bUS$3.3b25x30.3x10.4x
Wed, 29 May 2024US$94.1bUS$9.7bUS$3.3b24.5x28.3x9.7x
Fri, 26 Apr 2024US$89.6bUS$9.3bUS$3.3b22.7x27.2x9.6x
Sun, 24 Mar 2024US$95.8bUS$9.3bUS$3.3b24x29x10.3x
Tue, 20 Feb 2024US$96.3bUS$8.9bUS$3.2b25.8x30.2x10.8x
Thu, 18 Jan 2024US$111.6bUS$10.0bUS$3.6b28.9x31.3x11.1x
Sat, 16 Dec 2023US$112.8bUS$10.0bUS$3.6b28.8x31.7x11.2x
Mon, 13 Nov 2023US$94.0bUS$10.0bUS$3.6b23.6x26.4x9.4x
Wed, 11 Oct 2023US$99.9bUS$9.7bUS$5.7b25.5x17.4x10.3x
Fri, 08 Sep 2023US$102.6bUS$9.7bUS$5.7b27.2x17.9x10.6x
Sun, 06 Aug 2023US$93.1bUS$9.7bUS$5.8b23.4x16.2x9.6x
Tue, 04 Jul 2023US$100.5bUS$9.6bUS$5.8b28.8x17.3x10.5x
Thu, 01 Jun 2023US$97.6bUS$9.6bUS$5.8b28.5x16.8x10.2x
Sat, 29 Apr 2023US$101.7bUS$9.3bUS$5.8b29.1x17.5x10.9x
Price to Earnings Ratio

18.6x


Total Market Cap: US$106.7bTotal 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 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 9.1x.
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 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 Market0.88%
Real Estate0.89%
Specialized REITs1.79%
Self-Storage REITs7.29%
Timber REITs5.89%
Data Center REITs0.62%
Telecom Tower REITs-2.68%
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$279.207.0%
+US$3.2b		-3.8%PB9.9x
EXR Extra Space StorageUS$140.377.1%
+US$2.0b		-4.8%PB2.2x
CUBE CubeSmartUS$37.906.8%
+US$547.3m		-6.3%PB3.1x
NSA National Storage Affiliates TrustUS$32.0315.2%
+US$325.4m		-11.7%PB3.9x
SMA SmartStop Self Storage REITUS$32.475.1%
+US$87.5m		n/aPB1.5x

Latest News

NSA
US$32.03
National Storage Affiliates Trust
7D
15.2%
1Y
-11.7%
EXR
US$140.37
Extra Space Storage
7D
7.1%
1Y
-4.8%

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$279.20
Public Storage
7D
7.0%
1Y
-3.8%

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.
CUBE
US$37.90
CubeSmart
7D
6.8%
1Y
-6.3%

CUBE: Raised Guidance And New York City Base Will Support Future Upside

Analysts have slightly trimmed their fair value estimate for CubeSmart to about US$43.00 from roughly US$43.18, citing more cautious expectations for 2026 growth and potential net operating income headwinds, even after recent guidance raises. Analyst Commentary Recent Street commentary on CubeSmart centers on how near term guidance strength lines up with a tougher setup for 2026 growth and net operating income trends.
SELF
US$5.09
Global Self Storage
7D
0.2%
1Y
0.8%
SMA
US$32.47
SmartStop Self Storage REIT
7D
5.1%
1Y
n/a

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

Jan 01