National Storage REITASX:NSR 56 EBITDA Margin % is 60.99% as of Dec. 2025, which is 46% below its 10-year median of 112.35. GuruFocus rates ASX:NSR with a GF Score™ of 56/100 and a GF Value™ of A$2.62 (Fairly Valued). The stock has 11 warning signs investors should review. Among 750 REITs companies, National Storage REIT ranks better than 62.4% on this metric.
National Storage REIT (ASX:NSR) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
National Storage REIT EBITDA Margin % Related Terms
National Storage REIT EBITDA Margin % Historical Data
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The historical data trend for National Storage REIT's EBITDA Margin % 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.
ASX:NSR vs PLD, PSA, EXR: EBITDA Margin % Comparison
For the REIT - Industrial subindustry, National Storage REIT's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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 EBITDA Margin % vs REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where National Storage REIT's EBITDA Margin % 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 (ASX:NSR) has a EBITDA Margin % of 60.99% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on National Storage REIT and its competitors. This is 46% below median its historical median of 112.35. Over the past decade, National Storage REIT's EBITDA Margin % has ranged from 67.40 to 245.71. According to the industry distribution chart, National Storage REIT ranks #282 out of 750 companies in the REITs industry, placing it in the top 37.6%.
Is National Storage REIT's EBITDA Margin % too high?
National Storage REIT's current EBITDA Margin % of 60.99% is 46% below median its 10-year median of 112.35. Over the past 10 years, this metric has ranged from a low of 67.40 to a high of 245.71. The REITs industry median EBITDA Margin % is 69.61. National Storage REIT's value of 60.99% is 12.4% below this industry median. Based on the distribution chart, National Storage REIT ranks #282 out of 750 companies in the REITs industry, which is above the industry midpoint. Overall, National Storage REIT has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Storage REIT's EBITDA Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, National Storage REIT ranks #282 out of 750 companies for EBITDA Margin %. This puts National Storage REIT in the upper half of its industry. The industry median EBITDA Margin % is 69.61. National Storage REIT's value of 60.99% is 12.4% below this benchmark. Historically, National Storage REIT's own EBITDA Margin % has ranged from 67.40 to 245.71 over the past decade. While the company's 10-year median is 112.35 vs. the industry median of 69.61, National Storage REIT has consistently been below 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 EBITDA Margin % for a REITs company?
The median EBITDA Margin % among REITs companies is 69.61, based on 750 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage REIT's current EBITDA Margin % of 60.99% is 12.4% below 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on National Storage REIT and its competitors. For the REITs industry, the median EBITDA Margin % is 69.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage REIT's current EBITDA Margin % is 60.99%, which is 46% below median its own 10-year median of 112.35. 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?
Based on GuruFocus' analysis, National Storage REIT (ASX:NSR) is currently considered Fairly Valued. The stock's GF Value™ is A$2.62, compared to a current price of A$2.79 — trading 6.5% above its estimated fair value. The current EBITDA Margin % is 60.99%, which is 46% below median its 10-year median of 112.35 and 12.4% below the REITs industry median of 69.61. National Storage REIT's overall GF Score™ is 56/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For National Storage REIT (ASX:NSR), the current EBITDA Margin % is 60.99% 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 (ASX:NSR) Overvalued in 2026?
Based on GuruFocus' analysis, National Storage REIT stock appears to be overvalued.
The current stock price of A$2.79 is trading 6.5% above its estimated GF Value™ of A$2.62.
GuruFocus considers National Storage REIT to be Fairly Valued.
Key valuation signals for ASX:NSR:
EBITDA Margin %: 60.99% (46% below median its 10-year median of 112.35)
GF Value™: A$2.62 vs. price of A$2.79 (6.5% above fair value)
Industry Position: 12.4% below the REITs median (#282 of 750)
No single metric tells the full story. See the ASX:NSR 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.
56GF Score
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