National Storage REITNTSGF 78 FCF Margin % is 58.33% as of Dec. 2025, which is 1% below its 10-year median of 59.08. GuruFocus rates NTSGF with a GF Score™ of 78/100 and a GF Value™ of $1.72. The stock has 11 warning signs investors should review. Among 940 REITs companies, National Storage REIT ranks better than 71.6% on this metric.
The historical rank and industry rank for National Storage REIT's FCF Margin % or its related term are showing as below:
NTSGF'
s FCF Margin % Range Over the Past 10 Years
Min: 51.86 Med: 59.08 Max: 63.99
Current: 61.04
During the past 12 years, the highest FCF Margin % of National Storage REIT was 63.99%. The lowest was 51.86%. And the median was 59.08%.
NTSGF's FCF Margin % is ranked better than 71.6% of 940
companies
in the REITs industry
Industry Median: 39.54
vs NTSGF: 61.04
National Storage REIT FCF Margin % Related Terms
National Storage REIT FCF Margin % Historical Data
* Premium members only.
The historical data trend for National Storage REIT's FCF 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.
For the REIT - Industrial subindustry, National Storage REIT's FCF Margin %, along with its competitors' market caps and FCF 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 FCF Margin % vs REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's FCF Margin % distribution charts can be found below:
* The bar in red indicates where National Storage REIT's FCF 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 (NTSGF) has a FCF Margin % of 58.33% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on National Storage REIT and its competitors. This is near median its historical median of 59.08. Over the past decade, National Storage REIT's FCF Margin % has ranged from 51.86 to 63.99. According to the industry distribution chart, National Storage REIT ranks #267 out of 940 companies in the REITs industry, placing it in the top 28.4%.
Is National Storage REIT's FCF Margin % too high?
National Storage REIT's current FCF Margin % of 58.33% is near median its 10-year median of 59.08. Over the past 10 years, this metric has ranged from a low of 51.86 to a high of 63.99. The REITs industry median FCF Margin % is 39.54. National Storage REIT's value of 58.33% is 47.5% above this industry median. Based on the distribution chart, National Storage REIT ranks #267 out of 940 companies in the REITs industry, which is above the industry midpoint. 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 FCF Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, National Storage REIT ranks #267 out of 940 companies for FCF Margin %. This puts National Storage REIT in the upper half of its industry. The industry median FCF Margin % is 39.54. National Storage REIT's value of 58.33% is 47.5% above this benchmark. Historically, National Storage REIT's own FCF Margin % has ranged from 51.86 to 63.99 over the past decade. While the company's 10-year median is 59.08 vs. the industry median of 39.54, 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 FCF Margin % for a REITs company?
The median FCF Margin % among REITs companies is 39.54, based on 940 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage REIT's current FCF Margin % of 58.33% is 47.5% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on National Storage REIT and its competitors. For the REITs industry, the median FCF Margin % is 39.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage REIT's current FCF Margin % is 58.33%, which is near median its own 10-year median of 59.08. 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 FCF Margin % of 58.33%. 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 FCF Margin % is 58.33%, which is near median its 10-year median of 59.08 and 47.5% above the REITs industry median of 39.54. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For National Storage REIT (NTSGF), the current FCF Margin % is 58.33% 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:
FCF Margin %: 58.33% (near median its 10-year median of 59.08)
GF Value™: $1.72 vs. price of $1.83 (6.5% above fair value)
Industry Position: 47.5% above the REITs median (#267 of 940)
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
Get the complete analysis for NTSGF
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NTSGF has been successfully added to your 
