National Storage Affiliates Trust

As of March 31, 2026, National Storage Affiliates Trust carries a market capitalization of 2.50B, placing it among publicly traded companies globally. Its enterprise value stands at 6.24B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

National Storage Affiliates Trust's next confirmed earnings release is scheduled for August 10, 2026.

As of March 31, 2026, National Storage Affiliates Trust has 77.14M shares outstanding.

As of March 31, 2026, National Storage Affiliates Trust trades at a trailing price-to-earnings ratio of 49.64. The price-to-sales ratio is 3.84, and the price-to-book ratio stands at 5.09.

As of March 31, 2026, National Storage Affiliates Trust trades at an EV/EBITDA multiple of 15.88 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 9.62 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 27.02 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. National Storage Affiliates Trust trades at an EV/FCF ratio of 14.47, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 6.24B versus a market cap of 2.50B, with the gap driven by net debt and cash on the balance sheet.

As of March 31, 2026, National Storage Affiliates Trust maintains a current ratio of 0.10, meaning it holds 0.1x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 233.15, indicating elevated leverage, while an interest coverage ratio of 2.82 demonstrates limited ability to service its debt obligations.

Over the twelve months ended March 31, 2026, National Storage Affiliates Trust posted a return on equity (ROE) of 9.20, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 5.21 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 1.53, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 3.79, useful for judging operating efficiency across full business cycles. The company generates approximately 443,778.55 in revenue per employee across its workforce of 1,462.00, a quick read on workforce productivity versus industry peers.

Over the twelve months ended March 31, 2026, National Storage Affiliates Trust recorded 2.13M in income tax expense. That works out to an effective tax rate of 1.94, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 109.78M, leaving 67.97M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

These figures are as of the close on July 21, 2026.

Over the twelve months ended March 31, 2026, National Storage Affiliates Trust generated 648.80M in revenue and converted that into 67.97M in net income, yielding earnings per share of 1.40. EBITDA reached 393.02M, while operating income came in at 243.98M.

As of March 31, 2026, National Storage Affiliates Trust holds 23.92M in cash and equivalents against 2.98B in total debt, resulting in a net debt position of 2.93B. Total book value stands at 492.43M, with working capital of -412.35M providing operational flexibility.

National Storage Affiliates Trust produced 294.41M in operating cash flow over the twelve months ended March 31, 2026. After subtracting - - in capital expenditures, free cash flow totaled 294.41M - equivalent to 3.83 per share.

Over the twelve months ended March 31, 2026, National Storage Affiliates Trust posted a gross margin of 71.40, reflecting its pricing power and cost economics. The operating margin of 37.60 and net profit margin of 10.48 provide insight into operational efficiency.

Over the twelve months ended March 31, 2026, National Storage Affiliates Trust paid dividends of 2.21 per share. The dividend payout ratio of 117.02 exceeds 100%, meaning the company is distributing more than it earns and funding the dividend from cash reserves, asset sales, or borrowing, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 11.81, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 12.44, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to National Storage Affiliates Trust shareholders.

As of March 31, 2026, National Storage Affiliates Trust has an Altman Z-Score of 0.52, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.