NSA
National Storage Affiliates Trust
$43.40
-0.78
(-1.77%)
Mkt Cap
3.35B
Volume
5,869,111
52W Range
27.43-46.47
Sector
Real Estate
Beta
1.06
EPS (TTM)
0.76 USD
P/E Ratio
57.11
Revenue (TTM)
749.98M USD
Rev Growth (5Y)
+11.7%
EPS Growth (5Y)
+5.7%
AlphaVal · Fair Value
What we estimate one share is worth
$72.11
Undervalued
moderate signal
39.8% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
C
Real Estate Investment Trust
55.2 / 100 composite
A real-estate investment trust — graded A–F vs. similar companies.
Company Description
National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self-storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2025, the Company held ownership interests in and operated 1,069 self-storage properties, located in 37 states and Puerto Rico with approximately 69.8 million rentable square feet. NSA is one of the largest owners and operators of self-storage properties among public and private companies in the United States. National Storage Affiliates Trust was incorporated in 2013 in Maryland, USA.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 752.93M | 770.34M | 858.06M | 801.57M | 585.67M | 432.22M | 382.93M | 330.90M | 268.13M | 199.05M | 133.92M | 76.97M |
| Net Income | 73.78M | 111.52M | 156.67M | 103.74M | 105.25M | 48.61M | 3.98M | 14.11M | 2.96M | 17.96M | 12.44M | 0 |
| EPS | 0.70 | 1.18 | 2.48 | 0.99 | 1.13 | 0.53 | 1.13 | 0.26 | 0.01 | 0.60 | 0.80 | 0.00 |
| Free Cash Flow | 299.25M | 342.49M | 406.03M | 400.12M | 303.35M | 203.90M | 175.19M | 142.38M | 109.04M | 83.14M | 46.92M | 12.43M |
| FCF / Share | 3.90 | 4.46 | 4.68 | 4.39 | 3.74 | 3.06 | 3.01 | 2.67 | 2.45 | 2.78 | 3.03 | 0.62 |
| Operating CF | 338.50M | 363.06M | 441.58M | 443.85M | 331.35M | 220.65M | 196.65M | 161.80M | 124.29M | 95.08M | 51.41M | 16.42M |
| Total Assets | 5.08B | 5.35B | 5.93B | 6.07B | 5.56B | 3.51B | 3.08B | 2.73B | 2.27B | 1.89B | 1.10B | 832.75M |
| Total Debt | 3.43B | 3.47B | 3.68B | 3.58B | 2.96B | 2.02B | 1.56B | 1.28B | 958.10M | 878.95M | 570.61M | 597.69M |
| Cash & Equiv | 23.64M | 50.41M | 64.98M | 35.31M | 25.01M | 18.72M | 24.28M | 13.18M | 13.37M | 12.57M | 6.67M | 9.01M |
| Book Value | 946.04M | 1.08B | 1.42B | 1.65B | 1.78B | 968.96M | 919.63M | 916.84M | 841.02M | 577.10M | 236.63M | 214.10M |
| Return on Equity | 0.08 | 0.10 | 0.11 | 0.06 | 0.06 | 0.05 | 0.00 | 0.02 | 0.00 | 0.03 | 0.05 | N/A |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 185.40M | 187.03M | 188.70M | 188.84M | 188.35M | 190.12M | 193.62M | 190.45M | 196.15M | 215.41M | 219.15M | 217.37M |
| Net Income | 17.78M | 22.89M | 18.43M | 19.47M | 12.99M | 16.73M | 18.70M | 17.06M | 59.03M | 69.03M | 29.24M | 29.45M |
| EPS | 0.16 | 0.24 | 0.17 | 0.19 | 0.10 | 0.15 | 0.18 | 0.16 | 0.67 | 0.77 | 0.28 | 0.28 |
| Free Cash Flow | 76.84M | 58.61M | 87.86M | 73.54M | 79.81M | 74.27M | 67.72M | 79.37M | 88.40M | 85.46M | 104.07M | 98.95M |
| FCF / Share | 1.00 | 0.76 | 1.14 | 0.96 | 1.04 | 0.97 | 0.89 | 1.06 | 1.10 | 1.03 | 1.20 | 1.12 |
| Operating CF | 87.44M | 72.81M | 100.19M | 79.88M | 85.63M | 80.14M | 105.71M | 83.22M | 94.00M | 93.99M | 129.40M | 108.43M |
| Total Assets | 5.03B | 5.08B | 5.14B | 5.18B | 5.26B | 5.35B | 5.39B | 5.32B | 5.37B | 5.93B | 6.17B | 6.16B |
| Total Debt | 3.44B | 3.43B | 3.43B | 3.43B | 3.45B | 3.47B | 3.45B | 3.39B | 3.31B | 3.68B | 3.87B | 3.66B |
| Cash & Equiv | 27.65M | 23.64M | 26.30M | 26.12M | 19.27M | 50.41M | 69.89M | 58.98M | 64.23M | 64.98M | 58.85M | 44.02M |
| Book Value | 912.76M | 946.04M | 973.12M | 1.00B | 1.03B | 1.08B | 986.87M | 1.19B | 1.28B | 1.42B | 1.46B | 1.63B |
| Return on Equity | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.05 | 0.05 | 0.02 | 0.02 |
NSA News
Is Public Storage (PSA) Overvalued After Q2 Earnings Beat? EPS of $2.55 vs. Estimated $2.63, Revenues of $1.006 Billion vs. Estimated $1.230 Billion - GF Score 89/100
Annual House Price Appreciation Accelerates to Highest Rate Since August 2025, According to First American Data & Analytics Monthly Home Price Index Report
Public Storage Closes NSA Deal: What to Expect From Q2 Results?
Molina Healthcare Set to Join S&P MidCap 400 and Construction Partners to Join S&P SmallCap 600
Public Storage Announces Anticipated Closing Date of Pending Acquisition of National Storage Affiliates Following Approval by NSA Shareholders
National Storage Affiliates Trust Announces Common Shareholder Approval of Acquisition by Public Storage
National House Prices Reach New High in Slow Motion, According to First American Data & Analytics Monthly Home Price Index Report
National Storage Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of National Storage Affiliates Trust - NSA
Zelis® Launches AI-Native Solution to Help Payers Address Rising IDR Challenges
National Storage Affiliates: I'm Holding Through The Merger