(NSA) National Storage Affiliates - Ratings and Ratios
Storage Rental Units
NSA EPS (Earnings per Share)
NSA Revenue
Description: NSA National Storage Affiliates
National Storage Affiliates Trust (NSA) is a real estate investment trust (REIT) that specializes in the ownership, operation, and acquisition of self-storage properties across the United States, primarily within the top 100 metropolitan areas. With a portfolio of 1,075 properties in 41 states and Puerto Rico, NSA is one of the largest self-storage REITs in the country, boasting approximately 70.2 million rentable square feet.
From a financial perspective, NSAs market capitalization stands at $4.794 billion, indicating a substantial presence in the market. The companys price-to-earnings (P/E) ratio is 52.84, suggesting that investors are willing to pay a premium for its shares, potentially due to its growth prospects. The forward P/E ratio is slightly lower at 46.51, implying that earnings are expected to grow. The return on equity (RoE) is 6.11%, indicating that NSA generates a relatively modest return on shareholders equity.
To further analyze NSAs performance, key performance indicators (KPIs) such as funds from operations (FFO) per share, adjusted funds from operations (AFFO) per share, and same-store sales growth can be examined. FFO and AFFO are crucial metrics for REITs, as they provide insights into a companys ability to generate cash from its operations. A steady increase in FFO and AFFO per share would indicate a healthy and growing business. Same-store sales growth, on the other hand, measures the change in revenue from existing properties, helping to gauge the companys ability to drive occupancy and rental rates.
Additionally, NSAs debt-to-equity ratio, interest coverage ratio, and capitalization rate (cap rate) are essential metrics to evaluate its financial health and operational efficiency. A reasonable debt-to-equity ratio and a high interest coverage ratio would suggest that NSA has a manageable debt burden and can comfortably service its interest expenses. The cap rate, which represents the ratio of net operating income to property value, can help assess the profitability of NSAs self-storage properties.
NSA Stock Overview
| Market Cap in USD | 4,462m |
| Sub-Industry | Self-Storage REITs |
| IPO / Inception | 2015-04-23 |
NSA Stock Ratings
| Growth Rating | -30.2% |
| Fundamental | 47.3% |
| Dividend Rating | 87.8% |
| Return 12m vs S&P 500 | -36.6% |
| Analyst Rating | 2.53 of 5 |
NSA Dividends
| Dividend Yield 12m | 6.64% |
| Yield on Cost 5y | 8.44% |
| Annual Growth 5y | 10.76% |
| Payout Consistency | 100.0% |
| Payout Ratio | 2.9% |
NSA Growth Ratios
| Growth Correlation 3m | -77.4% |
| Growth Correlation 12m | -92.6% |
| Growth Correlation 5y | -2.7% |
| CAGR 5y | 3.69% |
| CAGR/Max DD 5y | 0.07 |
| Sharpe Ratio 12m | -0.61 |
| Alpha | -38.87 |
| Beta | 0.692 |
| Volatility | 27.02% |
| Current Volume | 711.2k |
| Average Volume 20d | 972.5k |
| Stop Loss | 31.2 (-3.2%) |
| Signal | 1.05 |
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (67.9m TTM) > 0 and > 6% of Revenue (6% = 45.7m TTM) |
| FCFTA 0.06 (>2.0%) and ΔFCFTA -2.01pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -2.26% (prev -18.15%; Δ 15.89pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.07 (>3.0%) and CFO 351.4m > Net Income 67.9m (YES >=105%, WARN >=100%) |
| Net Debt (-3.44m) to EBITDA (458.1m) ratio: -0.01 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.60 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (76.5m) change vs 12m ago 1.75% (target <= -2.0% for YES) |
| Gross Margin 65.21% (prev 72.77%; Δ -7.55pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 14.49% (prev 15.43%; Δ -0.94pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.66 (EBITDA TTM 458.1m / Interest Expense TTM 160.7m) >= 6 (WARN >= 3) |
Altman Z'' -0.23
| (A) -0.00 = (Total Current Assets 26.1m - Total Current Liabilities 43.3m) / Total Assets 5.18b |
| (B) -0.11 = Retained Earnings (Balance) -595.6m / Total Assets 5.18b |
| (C) 0.05 = EBIT TTM 266.6m / Avg Total Assets 5.25b |
| (D) -0.17 = Book Value of Equity -588.9m / Total Liabilities 3.54b |
| Total Rating: -0.23 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 47.30
| 1. Piotroski 3.0pt = -2.0 |
| 2. FCF Yield 3.96% = 1.98 |
| 3. FCF Margin 38.81% = 7.50 |
| 4. Debt/Equity 3.02 = -0.80 |
| 5. Debt/Ebitda 6.61 = -2.50 |
| 6. ROIC - WACC 0.71% = 0.89 |
| 7. RoE 6.62% = 0.55 |
| 8. Rev. Trend -78.73% = -3.94 |
| 9. Rev. CAGR -3.24% = -0.54 |
| 10. EPS Trend -63.58% = -1.59 |
| 11. EPS CAGR -18.01% = -2.25 |
What is the price of NSA shares?
Over the past week, the price has changed by +0.22%, over one month by +2.25%, over three months by -4.20% and over the past year by -25.81%.
Is National Storage Affiliates a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of NSA is around 30.28 USD . This means that NSA is currently overvalued and has a potential downside of -6.05%.
Is NSA a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 9
- Sell: 1
- Strong Sell: 4
What are the forecasts/targets for the NSA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 35 | 8.5% |
| Analysts Target Price | 37.6 | 16.6% |
| ValueRay Target Price | 32.9 | 2.1% |
Last update: 2025-08-18 02:03
NSA Fundamental Data Overview
CCE Cash And Equivalents = 26.1m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 48.9194
P/E Forward = 44.2478
P/S = 6.0194
P/B = 3.5217
P/EG = 3.14
Beta = 1.127
Revenue TTM = 760.9m USD
EBIT TTM = 266.6m USD
EBITDA TTM = 458.1m USD
Long Term Debt = 3.00b USD (from longTermDebt, last quarter)
Short Term Debt = 22.7m USD (from shortTermDebt, last quarter)
Debt = 3.03b USD (Calculated: Short Term 22.7m + Long Term 3.00b)
Net Debt = -3.44m USD (from netDebt column, last quarter)
Enterprise Value = 7.46b USD (4.46b + Debt 3.03b - CCE 26.1m)
Interest Coverage Ratio = 1.66 (Ebit TTM 266.6m / Interest Expense TTM 160.7m)
FCF Yield = 3.96% (FCF TTM 295.3m / Enterprise Value 7.46b)
FCF Margin = 38.81% (FCF TTM 295.3m / Revenue TTM 760.9m)
Net Margin = 8.92% (Net Income TTM 67.9m / Revenue TTM 760.9m)
Gross Margin = 65.21% ((Revenue TTM 760.9m - Cost of Revenue TTM 264.7m) / Revenue TTM)
Tobins Q-Ratio = -12.67 (set to none) (Enterprise Value 7.46b / Book Value Of Equity -588.9m)
Interest Expense / Debt = 1.36% (Interest Expense 41.3m / Debt 3.03b)
Taxrate = 2.01% (from yearly Income Tax Expense: 3.77m / 187.0m)
NOPAT = 261.2m (EBIT 266.6m * (1 - 2.01%))
Current Ratio = 0.60 (Total Current Assets 26.1m / Total Current Liabilities 43.3m)
Debt / Equity = 3.02 (Debt 3.03b / last Quarter total Stockholder Equity 1.00b)
Debt / EBITDA = 6.61 (Net Debt -3.44m / EBITDA 458.1m)
Debt / FCF = 10.25 (Debt 3.03b / FCF TTM 295.3m)
Total Stockholder Equity = 1.02b (last 4 quarters mean)
RoA = 1.31% (Net Income 67.9m, Total Assets 5.18b )
RoE = 6.62% (Net Income TTM 67.9m / Total Stockholder Equity 1.02b)
RoCE = 6.62% (Ebit 266.6m / (Equity 1.02b + L.T.Debt 3.00b))
RoIC = 6.35% (NOPAT 261.2m / Invested Capital 4.11b)
WACC = 5.65% (E(4.46b)/V(7.49b) * Re(8.57%)) + (D(3.03b)/V(7.49b) * Rd(1.36%) * (1-Tc(0.02)))
Shares Correlation 5-Years: -60.0 | Cagr: -3.93%
Discount Rate = 8.57% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 76.65% ; FCFE base≈341.2m ; Y1≈347.0m ; Y5≈380.8m
Fair Price DCF = 79.32 (DCF Value 6.09b / Shares Outstanding 76.8m; 5y FCF grow 1.44% → 3.0% )
Revenue Correlation: -78.73 | Revenue CAGR: -3.24%
Rev Growth-of-Growth: -4.88
EPS Correlation: -63.58 | EPS CAGR: -18.01%
EPS Growth-of-Growth: -3.20
Additional Sources for NSA Stock
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Fund Manager Positions: Dataroma | Stockcircle