NTSGF (National Storage REIT) Dividend Payout Ratio: 1.05 (As of Dec. 2025) — 144% Above Median


NTSGF National Storage REIT NTSGF
78 GF Score
Price $1.83
GF Value $1.72
! 11 Warning Signs
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What is National Storage REIT Dividend Payout Ratio?

National Storage REIT NTSGF 78 Dividend Payout Ratio is 1.05 as of Dec. 2025, which is 144% above its 10-year median of 0.43. 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 716 REITs companies, National Storage REIT ranks worse than 96.65% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. National Storage REIT's Dividend Payout Ratio for the months ended in Dec. 2025 was 1.05.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of National Storage REIT is 9.67, which seems too high.

The historical rank and industry rank for National Storage REIT's Dividend Payout Ratio or its related term are showing as below:

NTSGF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.43   Max: 7.6
Current: 7.6

During the past 12 years, the highest Dividend Payout Ratio of National Storage REIT was 7.60. The lowest was 0.19. And the median was 0.43.

NTSGF's Dividend Payout Ratio is ranked worse than
96.65% of 716 companies
in the REITs industry
Industry Median: 0.99 vs NTSGF: 7.60

As of today (2026-06-29), the Dividend Yield % of National Storage REIT is 4.33%.

During the past 12 years, the highest Trailing Annual Dividend Yield of National Storage REIT was 6.63%. The lowest was 3.03%. And the median was 4.77%.

National Storage REIT's Dividends per Share for the months ended in Dec. 2025 was $0.04.

During the past 12 months, National Storage REIT's average Dividends Per Share Growth Rate was 5.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.10% per year.

During the past 12 years, the highest 3-Year average Dividends Per Share Growth Rate of National Storage REIT was 35.00% per year. The lowest was -4.80% per year. And the median was 4.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

National Storage REIT (OTCPK:NTSGF) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

National Storage REIT Dividend Payout Ratio Related Terms

National Storage REIT Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for National Storage REIT's Dividend Payout Ratio 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.

National Storage REIT Dividend Payout Ratio Chart

National Storage REIT Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.19 0.43 0.64 4.80

National Storage REIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.95 0.49 0.85 0.00 1.05

NTSGF vs PLD, PSA, EXR: Dividend Payout Ratio Comparison

For the REIT - Industrial subindustry, National Storage REIT's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, National Storage REIT's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where National Storage REIT's Dividend Payout Ratio falls into.


NTSGF
78GF Score
National Storage REIT NTSGF
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Storage REIT Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

National Storage REIT's Dividend Payout Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Jun. 2025 )/ EPS without NRI (A: Jun. 2025 )
=0.072/ 0.015
=4.80

National Storage REIT's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.04/ 0.038
=1.05

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.05 mean?
National Storage REIT (NTSGF) has a Dividend Payout Ratio of 1.05 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on National Storage REIT and its competitors. This is 144% above median its historical median of 0.43. Over the past decade, National Storage REIT's Dividend Payout Ratio has ranged from 0.19 to 7.60. According to the industry distribution chart, National Storage REIT ranks #692 out of 716 companies in the REITs industry, placing it in the top 96.6%.
Is National Storage REIT's Dividend Payout Ratio too high?
National Storage REIT's current Dividend Payout Ratio of 1.05 is 144% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 7.60. The REITs industry median Dividend Payout Ratio is 0.99. National Storage REIT's value of 1.05 is 6.1% above this industry median. Based on the distribution chart, National Storage REIT ranks #692 out of 716 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 Dividend Payout Ratio compare to PLD and PSA?
According to the REITs industry distribution chart, National Storage REIT ranks #692 out of 716 companies for Dividend Payout Ratio. This places National Storage REIT in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. National Storage REIT's value of 1.05 is 6.1% above this benchmark. Historically, National Storage REIT's own Dividend Payout Ratio has ranged from 0.19 to 7.60 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.99, 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 Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage REIT's current Dividend Payout Ratio of 1.05 is 6.1% 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on National Storage REIT and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage REIT's current Dividend Payout Ratio is 1.05, which is 144% above median its own 10-year median of 0.43. 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 Dividend Payout Ratio of 1.05. 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 Dividend Payout Ratio is 1.05, which is 144% above median its 10-year median of 0.43 and 6.1% above the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For National Storage REIT (NTSGF), the current Dividend Payout Ratio is 1.05 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:

  • Dividend Payout Ratio: 1.05 (144% above median its 10-year median of 0.43)
  • GF Value™: $1.72 vs. price of $1.83 (6.5% above fair value)
  • GF Score™: 78/100 with 11 warning signs
  • Industry Position: 6.1% above the REITs median (#692 of 716)

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 Business Description

Industry Real EstateREITs
Address 1 Eagle Street, Level 16, Brisbane, QLD, AUS, 4000
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

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.83
Price
$1.72
GF Value