National Storage REITASX:NSR 56 FCF Yield % is 5.27 as of Jun. 28, 2026, which is 19% below its 10-year median of 6.49. 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 946 REITs companies, National Storage REIT ranks worse than 53.91% on this metric.
FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.
National Storage REIT FCF Yield % Related Terms
National Storage REIT FCF Yield % Historical Data
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The historical data trend for National Storage REIT's FCF Yield % 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 Yield %, along with its competitors' market caps and FCF Yield % 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 Yield % vs REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's FCF Yield % distribution charts can be found below:
* The bar in red indicates where National Storage REIT's FCF Yield % 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 FCF Yield % of 5.27 as of Jun. 28, 2026. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on National Storage REIT and its competitors. This is 19% below median its historical median of 6.49. Over the past decade, National Storage REIT's FCF Yield % has ranged from 4.79 to 10.25. According to the industry distribution chart, National Storage REIT ranks #510 out of 946 companies in the REITs industry, placing it in the top 53.9%.
Is National Storage REIT's FCF Yield % too high?
National Storage REIT's current FCF Yield % of 5.27 is 19% below median its 10-year median of 6.49. Over the past 10 years, this metric has ranged from a low of 4.79 to a high of 10.25. The REITs industry median FCF Yield % is 5.87. National Storage REIT's value of 5.27 is 10.2% below this industry median. Based on the distribution chart, National Storage REIT ranks #510 out of 946 companies in the REITs industry, which is below 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 FCF Yield % compare to PLD and PSA?
According to the REITs industry distribution chart, National Storage REIT ranks #510 out of 946 companies for FCF Yield %. This places National Storage REIT in the lower half of its industry. The industry median FCF Yield % is 5.87. National Storage REIT's value of 5.27 is 10.2% below this benchmark. Historically, National Storage REIT's own FCF Yield % has ranged from 4.79 to 10.25 over the past decade. While the company's 10-year median is 6.49 vs. the industry median of 5.87, 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 FCF Yield % for a REITs company?
The median FCF Yield % among REITs companies is 5.87, based on 946 companies in the industry. Companies in the top quartile (top 25%) have a FCF Yield % significantly above this median, while those in the bottom quartile fall well below. However, FCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage REIT's current FCF Yield % of 5.27 is 10.2% 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 FCF Yield % mean?
A high FCF Yield % can signal that a stock is expensive relative to its fundamentals. FCF Yield is calculated as Free Cash Flow divided by Market Capitalization. View historical data on National Storage REIT and its competitors. For the REITs industry, the median FCF Yield % is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage REIT's current FCF Yield % is 5.27, which is 19% below median its own 10-year median of 6.49. 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 FCF Yield % is 5.27, which is 19% below median its 10-year median of 6.49 and 10.2% below the REITs industry median of 5.87. 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 FCF Yield % calculated?
FCF Yield % is calculated from a company's financial statements. For National Storage REIT (ASX:NSR), the current FCF Yield % is 5.27 as of Jun. 28, 2026. 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:
FCF Yield %: 5.27 (19% below median its 10-year median of 6.49)
GF Value™: A$2.62 vs. price of A$2.79 (6.5% above fair value)
Industry Position: 10.2% below the REITs median (#510 of 946)
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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