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U.S. Self-Storage REITs Industry Analysis

UpdatedDec 03, 2025
DataAggregated Company Financials
Companies7
  • 7D-0.06%
  • 3M-7.2%
  • 1Y-20.0%
  • YTDn/a

The Self-Storage REITs industry is up 1.1% in the last week, with CubeSmart up 1.8%. However, the industry is down 23% over the past year. As for the next few years, earnings are expected to grow by 7.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Dec 2025US$91.5bUS$10.3bUS$3.0b29.7x30.2x8.9x
Fri, 31 Oct 2025US$96.8bUS$10.3bUS$3.0b29.1x31.9x9.4x
Sun, 28 Sep 2025US$96.0bUS$10.2bUS$3.0b30.5x32.2x9.4x
Tue, 26 Aug 2025US$96.9bUS$10.2bUS$3.0b30.5x32.5x9.5x
Thu, 24 Jul 2025US$99.9bUS$10.2bUS$3.1b28.7x32.3x9.8x
Sat, 21 Jun 2025US$99.1bUS$10.2bUS$3.1b28.7x32x9.7x
Mon, 19 May 2025US$104.2bUS$10.2bUS$3.1b30.6x33.7x10.2x
Wed, 16 Apr 2025US$96.0bUS$10.1bUS$3.2b27.1x30.1x9.5x
Fri, 14 Mar 2025US$101.7bUS$10.2bUS$3.3b25.6x31.2x10x
Sun, 09 Feb 2025US$102.9bUS$10.2bUS$3.1b21.9x33.2x10.1x
Tue, 07 Jan 2025US$101.7bUS$10.2bUS$3.1b21.6x32.8x10x
Thu, 05 Dec 2024US$113.2bUS$10.1bUS$3.0b27x37.3x11.2x
Sat, 02 Nov 2024US$111.1bUS$10.1bUS$3.0b26.6x36.5x11x
Mon, 30 Sep 2024US$120.2bUS$10.0bUS$3.2b29.7x37.2x12x
Wed, 28 Aug 2024US$116.7bUS$10.0bUS$3.2b29x36.1x11.7x
Fri, 26 Jul 2024US$104.0bUS$9.7bUS$3.3b25.9x31.2x10.8x
Sun, 23 Jun 2024US$102.5bUS$9.7bUS$3.3b25x30.8x10.6x
Tue, 21 May 2024US$99.8bUS$9.7bUS$3.3b25.5x30x10.3x
Thu, 18 Apr 2024US$90.9bUS$9.3bUS$3.3b23.1x27.6x9.8x
Sat, 16 Mar 2024US$96.1bUS$9.3bUS$3.3b23.4x29.1x10.3x
Mon, 12 Feb 2024US$97.3bUS$8.9bUS$3.2b26x30.5x10.9x
Wed, 10 Jan 2024US$114.7bUS$10.0bUS$3.6b29.1x32.2x11.4x
Fri, 08 Dec 2023US$104.1bUS$10.0bUS$3.6b27.4x29.3x10.4x
Sun, 05 Nov 2023US$92.8bUS$9.8bUS$3.6b24.1x25.8x9.5x
Tue, 03 Oct 2023US$98.6bUS$9.7bUS$5.7b25.2x17.2x10.2x
Thu, 31 Aug 2023US$55.6bUS$5.3bUS$1.7b30.9x33.2x10.5x
Sat, 29 Jul 2023US$98.1bUS$9.6bUS$5.8b27.7x16.9x10.3x
Mon, 26 Jun 2023US$96.6bUS$9.6bUS$5.8b27.8x16.6x10.1x
Wed, 24 May 2023US$99.4bUS$9.6bUS$5.8b28.9x17.1x10.4x
Fri, 21 Apr 2023US$99.2bUS$9.1bUS$5.7b29.9x17.3x10.9x
Price to Earnings Ratio

17.3x


Total Market Cap: US$99.6bTotal 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 8.9x.
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 Market0.38%
Real Estate-0.96%
Specialized REITs-1.40%
Self-Storage REITs-0.056%
Timber REITs-1.95%
Data Center REITs-2.12%
Telecom Tower REITs-2.20%
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
NSA National Storage Affiliates TrustUS$29.981.7%
+US$39.2m		-30.8%PB3.6x
CUBE CubeSmartUS$37.070.4%
+US$31.9m		-23.3%PB3x
EXR Extra Space StorageUS$132.520.1%
+US$31.8m		-19.9%PB2.1x
SMA SmartStop Self Storage REITUS$32.660.2%
+US$3.3m		n/aPB1.5x

Latest News

NSA
US$29.98
National Storage Affiliates Trust
7D
1.7%
1Y
-30.8%

NSA: Joint Venture And Efficient Operations Will Drive Upside Potential

Analysts have recently lowered their price target for National Storage Affiliates Trust from approximately $33.77 to $33.43, citing updated growth forecasts, modestly higher discount rates, and reassessed profit margin expectations. Analyst Commentary Market watchers have updated their assessments on National Storage Affiliates Trust, reflecting mixed sentiment regarding the company's outlook following the recent adjustment in price targets.
EXR
US$132.52
Extra Space Storage
7D
0.1%
1Y
-19.9%
SMA
US$32.66
SmartStop Self Storage REIT
7D
0.2%
1Y
n/a
CUBE
US$37.07
CubeSmart
7D
0.4%
1Y
-23.3%

CUBE: Raised Guidance And New York City Market Will Drive Performance

CubeSmart’s fair value estimate has been reduced by approximately $1 to $44.29. Analysts cite muted storage fundamentals and less favorable near-term growth prospects as key drivers for the adjustment.
SELF
US$5.03
Global Self Storage
7D
-0.9%
1Y
-1.5%
PSA
US$273.16
Public Storage
7D
-0.4%
1Y
-18.4%

PSA: Pricing Power Will Improve With Reduced Supply In The Self Storage Sector

Public Storage's analyst price target has increased modestly by approximately $3 to $326. Analysts point to cautious optimism for future growth, supported by expectations of reduced supply and potential pricing power improvements in the self-storage sector.