National Storage REITNTSGF 78 Net Margin % is 39.22% as of Dec. 2025, which is 688% above its 10-year median of 4.98. 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 933 REITs companies, National Storage REIT ranks worse than 79.96% on this metric.
The historical rank and industry rank for National Storage REIT's Net Margin % or its related term are showing as below:
NTSGF'
s Net Margin % Range Over the Past 10 Years
Min: -3.53 Med: 4.98 Max: 230.79
Current: 3.61
NTSGF's Net Margin % is ranked worse than 79.96% of 933
companies
in the REITs industry
Industry Median: 45.13
vs NTSGF: 3.61
National Storage REIT (OTCPK:NTSGF) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
National Storage REIT Net Margin % Related Terms
National Storage REIT Net Margin % Historical Data
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The historical data trend for National Storage REIT's Net 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 Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's Net Margin % distribution charts can be found below:
* The bar in red indicates where National Storage REIT's Net 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 Net Margin % of 39.22% as of Dec. 2025. Net margin is the ratio of total net income to net sales. View historical data on National Storage REIT and its competitors. This is 688% above median its historical median of 4.98. According to the industry distribution chart, National Storage REIT ranks #746 out of 933 companies in the REITs industry, placing it in the top 80%.
Is National Storage REIT's Net Margin % too high?
National Storage REIT's current Net Margin % of 39.22% is 688% above median its 10-year median of 4.98. The REITs industry median Net Margin % is 45.13. National Storage REIT's value of 39.22% is 13.1% below this industry median. Based on the distribution chart, National Storage REIT ranks #746 out of 933 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 Net Margin % compare to PLD and PSA?
According to the REITs industry distribution chart, National Storage REIT ranks #746 out of 933 companies for Net Margin %. This places National Storage REIT in the lower half of its industry. The industry median Net Margin % is 45.13. National Storage REIT's value of 39.22% is 13.1% below this benchmark. While the company's 10-year median is 4.98 vs. the industry median of 45.13, 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.13, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage REIT's current Net Margin % of 39.22% is 13.1% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on National Storage REIT and its competitors. For the REITs industry, the median Net Margin % is 45.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage REIT's current Net Margin % is 39.22%, which is 688% above median its own 10-year median of 4.98. 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 Net Margin % of 39.22%. 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 Net Margin % is 39.22%, which is 688% above median its 10-year median of 4.98 and 13.1% below the REITs industry median of 45.13. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For National Storage REIT (NTSGF), the current Net Margin % is 39.22% 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:
Net Margin %: 39.22% (688% above median its 10-year median of 4.98)
GF Value™: $1.72 vs. price of $1.83 (6.5% above fair value)
Industry Position: 13.1% below the REITs median (#746 of 933)
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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