National Storage Affiliates Trust

National Storage Affiliates Trust

25.70
USD
-0.27
(-1.04%)
0.90EPS
95.68P/E
5.58BMarket Cap

Total Valuation

USD

As of March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest carries a market capitalization of 5.58B, placing it among publicly traded companies globally. Its enterprise value stands at 9.90B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap5.58B
Enterprise Value9.90B

Important Dates

National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest's next confirmed earnings release is scheduled for August 10, 2026.

Earnings Date8/10/2026

Share Statistics

As of March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest has 139.48M shares outstanding.

Shares Outstanding139.48M

Valuation Ratios

As of March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest trades at a trailing price-to-earnings ratio of 95.68. The price-to-sales ratio is 7.41, and the price-to-book ratio stands at 9.80.

PE Ratio95.68
PS Ratio7.41
PB Ratio9.80
P/TBV Ratio13.14
P/FCF Ratio16.33
P/OCF Ratio16.33

Enterprise Valuation

As of March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest trades at an EV/EBITDA multiple of 21.78 - 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 13.20 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 37.07 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest trades at an EV/FCF ratio of 19.86, 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 9.90B versus a market cap of 5.58B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales13.20
EV / EBITDA21.78
EV / EBIT37.07
EV / FCF19.86

Financial Position

As of March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest 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.

Current Ratio0.10
Quick Ratio0.08
Debt / Equity233.15
Debt / EBITDA7.57
Interest Coverage2.82

Financial Efficiency

USD

Over the twelve months ended March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest 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 512,979.48 in revenue per employee across its workforce of 1,462.00, a quick read on workforce productivity versus industry peers.

Return on Equity (ROE)9.20
Return on Assets (ROA)1.53
Return on Invested Capital (ROIC)5.21
Return on Capital Employed (ROCE)3.79
Revenue Per Employee512,979.48
Employee Count1,462.00

Taxes

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Over the twelve months ended March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest recorded 2.46M 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 126.90M, leaving 78.57M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax2.46M
Effective Tax Rate1.94

Stock Price Statistics

USD

As of the close on July 21, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest's stock has gained approximately 18.50% over the past 52 weeks. The 50-day moving average sits at 27.14, while the 200-day moving average is 24.37.

52-Week Price Change18.50%
50-Day Moving Average27.14
200-Day Moving Average24.37

Income Statement

USD

Over the twelve months ended March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest generated 749.98M in revenue and converted that into 78.57M in net income, yielding earnings per share of 0.90. EBITDA reached 454.30M, while operating income came in at 282.03M.

Revenue749.98M
Gross Profit535.50M
Operating Income282.03M
Pretax Income126.90M
Net Income78.57M
EBITDA454.30M
EBIT266.96M
Earnings Per Share (EPS)0.90

Balance Sheet

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As of March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest holds 27.65M in cash and equivalents against 3.44B in total debt, resulting in a net debt position of 3.39B. Total book value stands at 569.22M, with working capital of -476.65M providing operational flexibility.

Cash & Cash Equivalents27.65M
Total Debt3.44B
Net Debt3.39B
Equity (Book Value)569.22M
Book Value Per Share4.08
Working Capital-476.65M

Cash Flow

USD

National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest produced 340.32M in operating cash flow over the twelve months ended March 31, 2026. After subtracting - - in capital expenditures, free cash flow totaled 340.32M - equivalent to 2.45 per share.

Operating Cash Flow340.32M
Free Cash Flow340.32M
FCF Per Share2.45

Margins

Over the twelve months ended March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest 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.

Gross Margin71.40
Operating Margin37.60
Pretax Margin16.92
Profit Margin10.48
EBITDA Margin60.58

Dividends & Yields

USD

Over the twelve months ended March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest paid dividends of 1.41 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 6.13, 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 6.46, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest shareholders.

Dividend Per Share1.41
Payout Ratio117.02
Shareholder Yield6.46
FCF Yield6.13

Scores

As of March 31, 2026, National Storage Affiliates Trust 6.000% Series B Cumulative Redeemable Preferred Shares of Beneficial Interest has an Altman Z-Score of 0.97, below the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score0.97