What the filings say a self-storage facility earns.

Q2 2026 revenue $1.23B (+2.6% YoY); same-store revenue declined 0.6% YoY and same-store NOI fell 2.2%, while average occupancy rose 20bps to 92.5%. Realized annual rent per occupied sqft $21.89 (down 0.8% YoY); move-in rents turned positive at +1.6% YoY, the first positive reading since 2021. Core FFO $4.17/diluted share. Facility count (3,584, 40 states) and 259M rentable sqft are the 30 Jun 2026 figures, before PSA closed its $10.5B NSA acquisition on 22 Jul 2026; the combined ~4,500 properties / 327M sqft will first appear on the Q3 2026 balance sheet.

Q2 2026 revenue $874.2M. Same-store revenue +2.4%, NOI +3.5%; ending same-store occupancy 94.2%. Core FFO $2.15/diluted share (+4.9% YoY), 2026 outlook raised. Largest by total store count — 4,410 stores across ~341M sqft, of which 2,373 are managed for third parties or joint ventures.

Q2 2026 same-store total revenue +0.8% YoY, same-store NOI down 0.7%; same-store physical occupancy 91.0%. FFO as adjusted $0.63/share. 662 wholly-owned stores (48.5M rentable sqft) plus 872 managed, 1,534 total. Revenue per sqft ($22.73) is the FY2025 10-K figure, not restated in the Q2 10-Q.

Full operating portfolio: 1,061 properties (799 consolidated), 69.3M rentable sqft (51.1M consolidated), ~547,000 units across 37 states and Puerto Rico. Acquired by Public Storage under the March 2026 merger agreement ($10.5B); the deal completed on 22 Jul 2026, with each NSA share converting to 0.1400 PSA shares. Q1 2026 was NSA's final standalone quarter — it no longer trades as an independent REIT, and the 'big 4' is now the 'big 3'.

Self-storage is a low-revenue-per-acre use of land. A facility only pencils where land is cheap relative to what people will pay to store things nearby, which is why the industry built out along arterial roads and light-industrial edges rather than in city centres. Where land is expensive and zoning is restrictive, existing sites hold pricing power indefinitely because nobody can build a competitor across the road.

Storage demand does not travel. People rent within a short drive of where they live, so the competitive set is the handful of facilities in the same few square miles, not the state or the metro. That is why national averages tell you so little: two facilities twenty minutes apart can be in completely different pricing environments depending on what was built near each of them in the last five years.

A climate-controlled unit sits inside a conditioned, insulated building rather than a metal drive-up row. It costs more to build and more to run, year-round in humid regions, and the rent reflects both. Whether the premium is worth paying is a question about your contents, not about the market: electronics, timber, instruments, leather and paper justify it, while garden tools and plastic bins do not.

The demand triggers for storage are moves, and moves are triggered by life events: a house sale, a job relocation, a death, a divorce, a downsizing. When residential transaction volume falls, storage demand falls with it, with a lag. This is the mechanism that ties storage rents to the housing market despite the two having nothing physically to do with each other.

Operators price new lets and existing tenancies separately. A new customer sees a competitive introductory rate; an existing tenant sees periodic increases. The gap between those two prices is the single most consequential thing about self-storage economics, and it is why a national index of realised revenue moves slowly while advertised rates swing. It is also why the rate you are quoted is not the rate you will be paying in a year.

No free primary source publishes it. The comprehensive datasets are subscription research products, and the free state tables published by aggregators are derived from their own listing inventory rather than a facility survey. This site used to carry a 15-state table built from those sources; it was withdrawn on 6 September 2026.

Not available from a free primary source either. Operator price guides are the closest thing, but they are marketing pages describing that operator's own inventory, and republishing a derived price set from them is not something their terms allow. The unit-size matrix that used to sit on this page came from one such guide and was withdrawn on the same date.

Published by subscription research products, not by any government series. We removed the per-metro supply and construction-pipeline figures that used to appear here rather than continue republishing them.

Two or three quotes from facilities near you, taken in the same week, with the month-two rate asked for explicitly in each. That is a better number than any national figure, and it is the only one that is about you.