National Storage Affiliates Trust

National Storage Affiliates Trust

NSA
National Storage Affiliates TrustUS flagNew York Stock Exchange
42.37
USD
+0.50
- -
3.27BMarket Cap
National Storage Affiliates Trust
NSA
(New York Stock Exchange)

Recent

price

42.37

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1.46
- -
3.85
8.66
6.66
6.04
6.21
6.66
6.49
7.21
8.79
9.88
10.02
9.82
9.76
Revenue per Share
-0.17
- -
- -
0.8
0.6
0.01
0.07
-0.14
0.53
1.13
0.99
1.58
1.19
0.7
0.76
Basic EPS, GAAP
0.2
- -
0.63
3.23
3.15
2.78
3.03
3.36
3.31
4.08
4.86
4.89
4.3
4.42
4.43
Free Cash Flow per Basic Share
- -
- -
- -
0.8
0.89
1.12
1.36
1.49
1.55
1.78
2.29
2.42
2.5
2.55
2.55
Dividend per Share
-0.61
- -
- -
0.02
-0.28
-1.24
-2.13
-3.38
-3.77
-3.58
-4.34
-5.17
-6.9
-8.5
-8.89
Book Value per Share
-0.61
- -
10.32
33.1
31.8
24.17
22.66
20.59
17.51
26.93
23.12
19.81
16.5
13.65
12.85
Tangible Book Value per Share
20
- -
20
15
30
44
53
58
67
81
91
87
77
77
77
Basic Weighted Avg Shares
29
- -
77
134
199
268
331
388
432
586
802
858
770
753
750
Sales/Revenue/Turnover
40.42
- -
22.19
23.59
28.97
29.28
30.72
32.7
34.04
37.26
36.12
39.24
38.57
37.01
37.6
Operating Margin (%)
4
- -
24
41
55
75
89
105
117
158
233
222
190
189
187
Depreciation Expense
-3
- -
- -
12
18
3
14
4
49
105
104
157
112
74
79
Net Income, GAAP
- -
- -
- -
3.75
1.46
2.46
1.43
2.01
2.06
1.14
2.49
0.67
2.01
2.6
1.94
Effective Tax Rate (%)
-11.79
- -
- -
9.29
9.03
1.1
4.26
1.03
11.25
17.97
12.94
18.26
14.48
9.8
10.48
Profit Margin (%)
2
7
-172
-191
-246
-99
-158
-14
-197
-521
-509
174
-473
-447
-477
Working Capital
165
299
431
380
632
870
1,139
1,559
1,768
2,475
3,081
3,301
3,029
3,027
3,027
LT Debt
-12
55
214
516
979
1,271
1,402
1,452
1,430
2,482
2,389
2,126
1,763
1,534
1,475
Total Equity
- -
- -
- -
3.21
3.86
3.75
4.08
4.37
4.51
4.89
4.95
5.68
5.27
5.32
5.5
Return on Invested Capital (%)
- -
- -
- -
4.83
3.28
-0.49
0.84
-0.14
3.53
4.52
3.4
5.73
4.63
4.94
5.06
Return on Capital (%)
- -
- -
- -
10,323.65
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
399
401
412
LT Borrowings
3,004
3,004
3,004
LT Finance Leases
22
23
22
Preferred Equity and Hybrid Capital
341
341
344
Shares Outstanding
77
77
77
Market Capitalization
2,311
2,162
2,899

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
58
68
54
Cash, Cash Equivalents & STI
26
23
28
Accounts Receivable, Net
7
6
6
Inventories
- -
- -
- -
Total Current Liabilities
529
515
531
Payables & Accruals
110
95
98
ST Debt
399
401
412
Deferred Revenue
20
20
21

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.06%
5.74%
-13.02%
Free Cash Flow
24.46%
12.06%
2.48%
Net Income, GAAP
148.95%
20.69%
-33.84%
Sales/Revenue/Turnover
20.23%
13.39%
-2.26%
Total Cash Common Dividend
34.87%
16.81%
1.8%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
196
190
194
190
770
2025
188
189
189
187
753
2026
185
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.67
0.16
0.18
0.15
1.19
2025
0.1
0.19
0.17
0.23
0.7
2026
0.16
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.61
0.63
0.63
0.64
2.5
2025
0.64
0.64
0.64
0.64
2.55
2026
0.64
- -
- -
- -
- -
Business
National Storage Affiliates Trust (NSA), a real estate investment trust founded in 2013 and headquartered in Greenwood Village, Colorado, owns, operates, and acquires self-storage properties primarily in the top 100 metropolitan statistical areas across the United States, including 37 states and Puerto Rico; as of September 30, 2025, it holds ownership interests in 1,069 properties totaling approximately 69.8 million rentable square feet. Core offerings encompass various self-storage units such as climate-controlled options, vehicle storage for cars, boats, and RVs, small lockers, residential units, and larger commercial spaces; ancillary services and products include tenant insurance, moving and packing supplies like boxes and tape, locks, and digital access services. NSA employs a unique Participating Regional Operator (PRO) structure with brands including iStorage, SecurCare, RightSpace, Northwest, Move It, and Moove In, serving individual, family, and business customers through a network managed via a centralized property management platform. Recent developments include a November 2025 preferred equity investment by NSA, providing up to $105 million (75% of equity) in a new joint venture with an affiliate of Investment Real Estate Management, LLC, targeting $350 million in value-add self-storage investments managed under the Moove In brand over 24 months; additional 2025 joint venture activity through the 2023 Joint Venture with a Heitman Capital Management-advised state pension fund, acquiring properties for $32 million in Q3 and $18 million in Q2, with NSA contributions of $8 million and $4.5 million respectively. In Q2 2025, NSA invested $11.4 million in one wholly-owned self-storage property and annex adding 87,000 rentable square feet; the company also maintains ongoing acquisitions, such as seven consolidated properties in 2024, and declared quarterly common share dividends of $0.57 per share for Q4 2025.

Company News

APIChat
  • Seasonal Uptick Returns National House Prices to Near-Peak Levels, According to First American Data & Analytics Monthly Home Price Index Report

  • The REIT Recovery Is Becoming Hard To Ignore

  • Private Equity Is Buying REITs Hand Over Fist

  • National Storage Affiliates Trust Announces Quarterly Dividends

  • National Storage (NSA) Surpasses Q1 FFO Estimates

  • National Storage (NSA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

  • National Storage Affiliates Trust Reports First Quarter 2026 Results

  • The Most Undervalued REITs I Am Buying Right Now

  • 5 Stones intelligence (5Si)® Expands Leadership Team With Senior Experts From CIA, NSA, and Homeland Security Investigations

  • Public Storage (PSA) Q1 2026 Earnings Call Highlights: Strategic Growth and Operational Efficiency Drive Positive Results

  • NSA using Anthropic's Mythos model: Report

  • NSA is using Anthropic's Mythos, report says

  • NSA spies are reportedly using Anthropic's Mythos, despite Pentagon feud

  • National Storage Affiliates Trust (NYSE:NSA) Reaches New 1-Year High – Here’s Why

  • National Storage Affiliates Trust Announces Date of its First Quarter 2026 Earnings Release

  • Former NSA director Keith Alexander stepping down from Amazon's board

  • Financial Comparison: National Storage Affiliates Trust (NYSE:NSA) and Seritage Growth Properties (NYSE:SRG)

  • Comparing Park Hotels & Resorts (NYSE:PK) and National Storage Affiliates Trust (NYSE:NSA)

  • One Of The Best REIT Buying Setups I Have Seen In Years

  • Are UNF, NSA, CYCN, ULYX Obtaining Fair Deals for their Shareholders?