REIT - Industrial
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5 / 10Stock Comparison
EXR vs PSA vs CUBE vs NSA vs SST
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Industrial
REIT - Industrial
REIT - Industrial
Specialty Business Services
EXR vs PSA vs CUBE vs NSA vs SST — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | REIT - Industrial | REIT - Industrial | REIT - Industrial | REIT - Industrial | Specialty Business Services |
| Market Cap | $29.52B | $52.46B | $8.93B | $3.23B | $32M |
| Revenue (TTM) | $3.38B | $4.86B | $1.13B | $750M | $266M |
| Net Income (TTM) | $974M | $1.90B | $327M | $89M | $-65M |
| Gross Margin | 28.4% | 60.6% | 5.8% | 28.4% | 37.7% |
| Operating Margin | 44.1% | 50.8% | 29.5% | 28.2% | -23.3% |
| Forward P/E | 30.1x | 31.3x | 27.7x | 79.6x | — |
| Total Debt | $14.97B | $10.25B | $3.53B | $3.43B | $10M |
| Cash & Equiv. | $139M | $318M | $6M | $24M | $87M |
EXR vs PSA vs CUBE vs NSA vs SST — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Aug 20 | May 26 | Return |
|---|---|---|---|
| Extra Space Storage… (EXR) | 100 | 131.2 | +31.2% |
| Public Storage (PSA) | 100 | 140.7 | +40.7% |
| CubeSmart (CUBE) | 100 | 123.9 | +23.9% |
| National Storage Af… (NSA) | 100 | 122.1 | +22.1% |
| System1, Inc. (SST) | 100 | 4.0 | -96.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: EXR vs PSA vs CUBE vs NSA vs SST
Each card shows where this stock fits in a portfolio — not just who wins on paper.
EXR is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.52, current ratio 1.28x
- Beta 0.52, yield 4.6%, current ratio 1.28x
PSA carries the broadest edge in this set and is the clearest fit for quality and stability.
- 39.2% margin vs SST's -24.6%
- Beta 0.51 vs SST's 1.37
- 9.4% ROA vs SST's -16.0%, ROIC 8.9% vs -39.3%
CUBE is the #2 pick in this set and the best alternative if income & stability and growth exposure is your priority.
- Dividend streak 16 yrs, beta 0.53, yield 5.3%
- Rev growth 5.3%, EPS growth -15.1%, 3Y rev CAGR 3.6%
- PEG 2.42 vs NSA's 13.91
- 5.3% FFO/revenue growth vs SST's -22.6%
NSA ranks third and is worth considering specifically for long-term compounding.
- 178.4% 10Y total return vs EXR's 106.5%
- 5.4% yield, 2-year raise streak, vs CUBE's 5.3%
- +16.9% vs CUBE's -3.6%
Among these 5 stocks, SST doesn't own a clear edge in any measured category.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 5.3% FFO/revenue growth vs SST's -22.6% | |
| Value | Better valuation composite | |
| Quality / Margins | 39.2% margin vs SST's -24.6% | |
| Stability / Safety | Beta 0.51 vs SST's 1.37 | |
| Dividends | 5.4% yield, 2-year raise streak, vs CUBE's 5.3% | |
| Momentum (1Y) | +16.9% vs CUBE's -3.6% | |
| Efficiency (ROA) | 9.4% ROA vs SST's -16.0%, ROIC 8.9% vs -39.3% |
EXR vs PSA vs CUBE vs NSA vs SST — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
EXR vs PSA vs CUBE vs NSA vs SST — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
PSA leads in 3 of 6 categories
SST leads 1 • NSA leads 1 • EXR leads 0 • CUBE leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
PSA leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PSA is the larger business by revenue, generating $4.9B annually — 18.3x SST's $266M. PSA is the more profitable business, keeping 39.2% of every revenue dollar as net income compared to SST's -24.6%. On growth, EXR holds the edge at +9.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $3.4B | $4.9B | $1.1B | $750M | $266M |
| EBITDAEarnings before interest/tax | $2.2B | $3.6B | $597M | $387M | $21M |
| Net IncomeAfter-tax profit | $974M | $1.9B | $327M | $89M | -$65M |
| Free Cash FlowCash after capex | $1.8B | $3.1B | $611M | $297M | -$11M |
| Gross MarginGross profit ÷ Revenue | +28.4% | +60.6% | +5.8% | +28.4% | +37.7% |
| Operating MarginEBIT ÷ Revenue | +44.1% | +50.8% | +29.5% | +28.2% | -23.3% |
| Net MarginNet income ÷ Revenue | +28.8% | +39.2% | +28.9% | +11.9% | -24.6% |
| FCF MarginFCF ÷ Revenue | +54.6% | +63.1% | +54.0% | +39.6% | -4.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +9.3% | +2.9% | +3.3% | -1.6% | -31.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.8% | +33.1% | -7.7% | +60.0% | -7.8% |
Valuation Metrics
SST leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 26.8x trailing earnings, CUBE trades at a 55% valuation discount to NSA's 59.9x P/E. Adjusting for growth (PEG ratio), CUBE offers better value at 2.35x vs NSA's 10.46x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $29.5B | $52.5B | $8.9B | $3.2B | $32M |
| Enterprise ValueMkt cap + debt − cash | $44.4B | $62.4B | $12.5B | $6.6B | -$45M |
| Trailing P/EPrice ÷ TTM EPS | 30.46x | 33.17x | 26.83x | 59.85x | -0.48x |
| Forward P/EPrice ÷ next-FY EPS est. | 30.07x | 31.29x | 27.65x | 79.62x | — |
| PEG RatioP/E ÷ EPS growth rate | 7.00x | 4.45x | 2.35x | 10.46x | — |
| EV / EBITDAEnterprise value multiple | 20.12x | 18.32x | 17.62x | 14.18x | -2.17x |
| Price / SalesMarket cap ÷ Revenue | 8.74x | 10.87x | 7.95x | 4.29x | 0.12x |
| Price / BookPrice ÷ Book value/share | 2.07x | 5.63x | 3.23x | 2.09x | 1.79x |
| Price / FCFMarket cap ÷ FCF | 16.14x | 18.11x | 15.75x | 10.78x | — |
Profitability & Efficiency
PSA leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
PSA delivers a 20.3% return on equity — every $100 of shareholder capital generates $20 in annual profit, vs $-151 for SST. SST carries lower financial leverage with a 0.55x debt-to-equity ratio, signaling a more conservative balance sheet compared to NSA's 2.23x. On the Piotroski fundamental quality scale (0–9), EXR scores 5/9 vs SST's 3/9, reflecting solid financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +6.7% | +20.3% | +11.7% | +5.7% | -151.3% |
| ROA (TTM)Return on assets | +3.3% | +9.4% | +4.9% | +1.8% | -16.0% |
| ROICReturn on invested capital | +3.9% | +8.9% | +5.5% | +4.1% | -39.3% |
| ROCEReturn on capital employed | +5.4% | +11.6% | +7.3% | +5.9% | -20.3% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 | 4 | 5 | 3 |
| Debt / EquityFinancial leverage | 1.05x | 1.10x | 1.27x | 2.23x | 0.55x |
| Net DebtTotal debt minus cash | $14.8B | $9.9B | $3.5B | $3.4B | -$77M |
| Cash & Equiv.Liquid assets | $139M | $318M | $6M | $24M | $87M |
| Total DebtShort + long-term debt | $15.0B | $10.3B | $3.5B | $3.4B | $10M |
| Interest CoverageEBIT ÷ Interest expense | 2.68x | 6.88x | 3.90x | 1.73x | -2.25x |
Total Returns (Dividends Reinvested)
NSA leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PSA five years ago would be worth $13,290 today (with dividends reinvested), compared to $399 for SST. Over the past 12 months, NSA leads with a +16.9% total return vs CUBE's -3.6%. The 3-year compound annual growth rate (CAGR) favors NSA at 8.6% vs SST's -49.6% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +8.0% | +16.8% | +13.6% | +52.3% | -7.0% |
| 1-Year ReturnPast 12 months | -2.1% | +3.5% | -3.6% | +16.9% | -3.4% |
| 3-Year ReturnCumulative with dividends | +2.9% | +13.1% | -1.6% | +28.2% | -87.2% |
| 5-Year ReturnCumulative with dividends | +16.8% | +32.9% | +17.2% | +16.4% | -96.0% |
| 10-Year ReturnCumulative with dividends | +106.5% | +55.6% | +73.8% | +178.4% | -95.7% |
| CAGR (3Y)Annualised 3-year return | +1.0% | +4.2% | -0.5% | +8.6% | -49.6% |
Risk & Volatility
PSA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
PSA is the less volatile stock with a 0.51 beta — it tends to amplify market swings less than SST's 1.37 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PSA currently trades 95.3% from its 52-week high vs SST's 26.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.52x | 0.51x | 0.53x | 0.81x | 1.37x |
| 52-Week HighHighest price in past year | $155.19 | $313.51 | $44.13 | $44.02 | $15.00 |
| 52-Week LowLowest price in past year | $125.71 | $256.54 | $35.09 | $27.43 | $1.35 |
| % of 52W HighCurrent price vs 52-week peak | +90.1% | +95.3% | +88.8% | +95.2% | +26.5% |
| RSI (14)Momentum oscillator 0–100 | 48.0 | 48.6 | 49.8 | 53.7 | 56.1 |
| Avg Volume (50D)Average daily shares traded | 1.1M | 1.1M | 2.2M | 1.8M | 4.0M |
Analyst Outlook
Evenly matched — CUBE and NSA each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: EXR as "Hold", PSA as "Hold", CUBE as "Hold", NSA as "Hold", SST as "Buy". Consensus price targets imply 264.3% upside for SST (target: $15) vs -20.4% for NSA (target: $33). For income investors, NSA offers the higher dividend yield at 5.45% vs SST's 0.10%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Hold | Hold | Buy |
| Price TargetConsensus 12-month target | $149.13 | $304.82 | $41.50 | $33.33 | $14.50 |
| # AnalystsCovering analysts | 28 | 36 | 29 | 19 | 4 |
| Dividend YieldAnnual dividend ÷ price | +4.6% | +4.4% | +5.3% | +5.4% | +0.1% |
| Dividend StreakConsecutive years of raises | 0 | 1 | 16 | 2 | 1 |
| Dividend / ShareAnnual DPS | $6.49 | $13.09 | $2.08 | $2.28 | $0.00 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.5% | 0.0% | +0.4% | 0.0% | +1.7% |
PSA leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). SST leads in 1 (Valuation Metrics). 1 tied.
EXR vs PSA vs CUBE vs NSA vs SST: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is EXR or PSA or CUBE or NSA or SST a better buy right now?
For growth investors, CubeSmart (CUBE) is the stronger pick with 5.
3% revenue growth year-over-year, versus -22. 6% for System1, Inc. (SST). CubeSmart (CUBE) offers the better valuation at 26. 8x trailing P/E (27. 7x forward), making it the more compelling value choice. Analysts rate System1, Inc. (SST) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — EXR or PSA or CUBE or NSA or SST?
On trailing P/E, CubeSmart (CUBE) is the cheapest at 26.
8x versus National Storage Affiliates Trust at 59. 9x. On forward P/E, CubeSmart is actually cheaper at 27. 7x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: CubeSmart wins at 2. 42x versus National Storage Affiliates Trust's 13. 91x.
03Which is the better long-term investment — EXR or PSA or CUBE or NSA or SST?
Over the past 5 years, Public Storage (PSA) delivered a total return of +32.
9%, compared to -96. 0% for System1, Inc. (SST). Over 10 years, the gap is even starker: NSA returned +178. 4% versus SST's -95. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — EXR or PSA or CUBE or NSA or SST?
By beta (market sensitivity over 5 years), Public Storage (PSA) is the lower-risk stock at 0.
51β versus System1, Inc. 's 1. 37β — meaning SST is approximately 168% more volatile than PSA relative to the S&P 500. On balance sheet safety, System1, Inc. (SST) carries a lower debt/equity ratio of 55% versus 2% for National Storage Affiliates Trust — giving it more financial flexibility in a downturn.
05Which is growing faster — EXR or PSA or CUBE or NSA or SST?
By revenue growth (latest reported year), CubeSmart (CUBE) is pulling ahead at 5.
3% versus -22. 6% for System1, Inc. (SST). On earnings-per-share growth, the picture is similar: Extra Space Storage Inc. grew EPS 13. 9% year-over-year, compared to -677. 6% for System1, Inc.. Over a 3-year CAGR, EXR leads at 19. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — EXR or PSA or CUBE or NSA or SST?
Public Storage (PSA) is the more profitable company, earning 37.
0% net margin versus -24. 6% for System1, Inc. — meaning it keeps 37. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PSA leads at 46. 7% versus -23. 3% for SST. At the gross margin level — before operating expenses — NSA leads at 46. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is EXR or PSA or CUBE or NSA or SST more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, CubeSmart (CUBE) is the more undervalued stock at a PEG of 2. 42x versus National Storage Affiliates Trust's 13. 91x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, CubeSmart (CUBE) trades at 27. 7x forward P/E versus 79. 6x for National Storage Affiliates Trust — 52. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SST: 264. 3% to $14. 50.
08Which pays a better dividend — EXR or PSA or CUBE or NSA or SST?
All stocks in this comparison pay dividends.
National Storage Affiliates Trust (NSA) offers the highest yield at 5. 4%, versus 0. 1% for System1, Inc. (SST).
09Is EXR or PSA or CUBE or NSA or SST better for a retirement portfolio?
For long-horizon retirement investors, Extra Space Storage Inc.
(EXR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 52), 4. 6% yield, +106. 5% 10Y return). Both have compounded well over 10 years (EXR: +106. 5%, SST: -95. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between EXR and PSA and CUBE and NSA and SST?
These companies operate in different sectors (EXR (Real Estate) and PSA (Real Estate) and CUBE (Real Estate) and NSA (Real Estate) and SST (Industrials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: EXR is a mid-cap income-oriented stock; PSA is a mid-cap income-oriented stock; CUBE is a small-cap income-oriented stock; NSA is a small-cap income-oriented stock; SST is a small-cap quality compounder stock. EXR, PSA, CUBE, NSA pay a dividend while SST does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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