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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for National Storage REIT's Debt-to-Equity or its related term are showing as below:
NTSGF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 3.83 Med: 6.26 Max: 13.87
Current: 6.71
During the past 12 years, the highest Debt-to-Equity Ratio of National Storage REIT was 13.87. The lowest was 3.83. And the median was 6.26.
NTSGF's Debt-to-Equity is not ranked
in the REITs industry.
Industry Median: 0.78
vs NTSGF: 6.71
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
National Storage REIT Debt-to-Equity Related Terms
National Storage REIT Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for National Storage REIT's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Industrial subindustry, National Storage REIT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Storage REIT Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where National Storage REIT's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
National Storage REIT (NTSGF) has a Debt-to-Equity of 6.71 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on National Storage REIT and its competitors. This is near median its historical median of 6.26. Over the past decade, National Storage REIT's Debt-to-Equity has ranged from 3.83 to 13.87.
Is National Storage REIT's Debt-to-Equity too high?
National Storage REIT's current Debt-to-Equity of 6.71 is near median its 10-year median of 6.26. Over the past 10 years, this metric has ranged from a low of 3.83 to a high of 13.87. The REITs industry median Debt-to-Equity is 0.78. National Storage REIT's value of 6.71 is 760.3% above this industry median. Overall, National Storage REIT has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does National Storage REIT's Debt-to-Equity compare to PLD and PSA?
National Storage REIT's Debt-to-Equity of 6.71 can be compared against companies in the REITs industry. The industry median Debt-to-Equity is 0.78. National Storage REIT's value of 6.71 is 760.3% above this benchmark. Historically, National Storage REIT's own Debt-to-Equity has ranged from 3.83 to 13.87 over the past decade. While the company's 10-year median is 6.26 vs. the industry median of 0.78, National Storage REIT has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage REIT's current Debt-to-Equity of 6.71 is 760.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on National Storage REIT and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage REIT's current Debt-to-Equity is 6.71, which is near median its own 10-year median of 6.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Storage REIT stock overvalued right now?
National Storage REIT (NTSGF) has a current Debt-to-Equity of 6.71. The stock's GF Value™ is $1.72, compared to a current price of $1.83 — trading 6.5% above its estimated fair value. The current Debt-to-Equity is 6.71, which is near median its 10-year median of 6.26 and 760.3% above the REITs industry median of 0.78. National Storage REIT's overall GF Score™ is 78/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For National Storage REIT (NTSGF), the current Debt-to-Equity is 6.71 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Storage REIT (NTSGF) Overvalued in 2026?
Based on GuruFocus' analysis, National Storage REIT stock appears to be overvalued.
The current stock price of $1.83 is trading 6.5% above its estimated GF Value™ of $1.72.
Key valuation signals for NTSGF:
Debt-to-Equity: 6.71 (near median its 10-year median of 6.26)
GF Value™: $1.72 vs. price of $1.83 (6.5% above fair value)
No single metric tells the full story. See the NTSGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Storage REIT is the largest self-storage operator in Australia and New Zealand. Majority of its income is derived from rents. Additional revenue streams come from ancillary products and services such as packaging materials, locks, and insurance. The REIT owns most of the centers it operates, and leases roughly a dozen of the sites secured under long-term agreements. The self-storage industry is fragmented, with three large players in National Storage, the listed Abacus Storage King, and privately owned Kennards, accounting for about one-third of the market. The rest are independent operators, with a single center or a small state-based portfolio of assets. Besides organic rent increases, the company's key growth drivers are acquisitions and developments.
78GF Score
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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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