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Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. National Storage REIT's forward rate of return for was 3.47%.
The historical rank and industry rank for National Storage REIT's Forward Rate of Return (Yacktman) % or its related term are showing as below:
NTSGF'
s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 2.44 Med: 14.05 Max: 28.66
Current: 2.44
During the past 12 years, National Storage REIT's highest Forward Rate of Return was 28.66. The lowest was 2.44. And the median was 14.05.
NTSGF's Forward Rate of Return (Yacktman) % is not ranked
in the REITs industry.
Industry Median: 8.265
vs NTSGF: 2.44
Unlike the Earnings Yield %, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
National Storage REIT (OTCPK:NTSGF) Forward Rate of Return (Yacktman) % Explanation
Unlike the Earnings Yield, the Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
For the growth part of the Forward Rate of Return calculation, GuruFocus uses the 5-year average growth rate of EBITDA per share as the growth rate, and the growth rate is always capped at 20%. For the Free Cash Flow we use per share data averaged over five years. The reason we use five years is to make it comparable to the growth rate.
Be Aware
In the Forward Rate of Return calculation, the growth rate is added directly to today's free cash flow yield. Therefore the calculation is reliable only if the company can grow at the same rate in the future as it did in the past. Investors should pay close attention to this when researching growth stocks. A more accurate measurement for return is Return on Capital.
National Storage REIT Forward Rate of Return (Yacktman) % Related Terms
National Storage REIT Forward Rate of Return (Yacktman) % Historical Data
* Premium members only.
The historical data trend for National Storage REIT's Forward Rate of Return (Yacktman) % 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 Forward Rate of Return (Yacktman) % Chart
NTSGF vs PLD, PSA, EXR: Forward Rate of Return (Yacktman) % Comparison
For the REIT - Industrial subindustry, National Storage REIT's Forward Rate of Return (Yacktman) %, along with its competitors' market caps and Forward Rate of Return (Yacktman) % 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 Forward Rate of Return (Yacktman) % vs REITs Industry
For the REITs industry and Real Estate sector, National Storage REIT's Forward Rate of Return (Yacktman) % distribution charts can be found below:
* The bar in red indicates where National Storage REIT's Forward Rate of Return (Yacktman) % falls into.
National Storage REIT Forward Rate of Return (Yacktman) % Calculation
Forward Rate of Return is a concept that Don Yacktman uses in his investment approach. Yacktman explained the forward rate of return concept in detail in his interview with GuruFocus. Yacktman defines forward rate of return as the normalized free cash flow yield plus real growth plus inflation. He said in the interview (March 2012, when the S&P 500 was at about 1400):
If the business is stable, this calculation is fairly straightforward. For instance, on the S&P 500 we would normalize earnings. We would then calculate what percentage of those earnings are not reinvested in the underlying businesses and are therefore free. Historically, for the S&P 500, this has been just under 50% of earnings. Currently, we expect the S&P to earn about 70 on a normalized basis, a number which is far below reported earnings due to our adjusting for record high profit margins. $70 X ½ / 1400 gives you a normalized free cash flow yield of approximately 2.5%.
The historical real growth rate of the S&P 500 (companies) is about 1.5%. Assuming an inflation rate of 2.5%, the forward rate of return on an investment in the S&P 500 is about 6.5% today (2.5% free cash flow yield plus 1.5% real growth plus 2.5% inflation).
* 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.
What does a Forward Rate of Return (Yacktman) % of 3.47% mean?
National Storage REIT (NTSGF) has a Forward Rate of Return (Yacktman) % of 3.47% as of Jun. 2025. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on National Storage REIT and its competitors. This is 75% below median its historical median of 14.05. Over the past decade, National Storage REIT's Forward Rate of Return (Yacktman) % has ranged from 2.44 to 28.66.
Is National Storage REIT's Forward Rate of Return (Yacktman) % too high?
National Storage REIT's current Forward Rate of Return (Yacktman) % of 3.47% is 75% below median its 10-year median of 14.05. Over the past 10 years, this metric has ranged from a low of 2.44 to a high of 28.66. The REITs industry median Forward Rate of Return (Yacktman) % is 8.27. National Storage REIT's value of 3.47% is 58% below this industry median. 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 Forward Rate of Return (Yacktman) % compare to PLD and PSA?
National Storage REIT's Forward Rate of Return (Yacktman) % of 3.47% can be compared against companies in the REITs industry. The industry median Forward Rate of Return (Yacktman) % is 8.27. National Storage REIT's value of 3.47% is 58% below this benchmark. Historically, National Storage REIT's own Forward Rate of Return (Yacktman) % has ranged from 2.44 to 28.66 over the past decade. While the company's 10-year median is 14.05 vs. the industry median of 8.27, 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 Forward Rate of Return (Yacktman) % for a REITs company?
The median Forward Rate of Return (Yacktman) % among REITs companies is 8.27, based on 634 companies in the industry. Companies in the top quartile (top 25%) have a Forward Rate of Return (Yacktman) % significantly above this median, while those in the bottom quartile fall well below. However, Forward Rate of Return (Yacktman) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage REIT's current Forward Rate of Return (Yacktman) % of 3.47% is 58% 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 Forward Rate of Return (Yacktman) % mean?
A high Forward Rate of Return (Yacktman) % can signal that a stock is expensive relative to its fundamentals. Yacktman's forward rate of return equals the sum of normalized free-cash-flow yield plus earnings growth. View historical data on National Storage REIT and its competitors. For the REITs industry, the median Forward Rate of Return (Yacktman) % is 8.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage REIT's current Forward Rate of Return (Yacktman) % is 3.47%, which is 75% below median its own 10-year median of 14.05. 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 Forward Rate of Return (Yacktman) % of 3.47%. 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 Forward Rate of Return (Yacktman) % is 3.47%, which is 75% below median its 10-year median of 14.05 and 58% below the REITs industry median of 8.27. 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 Forward Rate of Return (Yacktman) % calculated?
Forward Rate of Return (Yacktman) % is calculated from a company's financial statements. For National Storage REIT (NTSGF), the current Forward Rate of Return (Yacktman) % is 3.47% as of Jun. 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:
Forward Rate of Return (Yacktman) %: 3.47% (75% below median its 10-year median of 14.05)
GF Value™: $1.72 vs. price of $1.83 (6.5% above fair value)
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
Forward Rate of Return (Yacktman) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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