(NSA) National Storage Affiliates - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6378701063

Storage, Properties, Ownership, Operations

Stock: Self-Storage REITs
Age 10.7y

MCap 4,706m
Avg Vol 1.39M (39.1M USD)

Beta 0.557
Volatility 27.88%

EPS (Earnings per Share)

EPS CAGR: -47.29%
EPS Trend: -28.5%

Last SUE: -0.77
Qual. Beats: 0

Revenue

Rev. CAGR: 1.99%
Rev. Trend: -19.4%

Last SUE: 0.55
Qual. Beats: 0

Dividends

Dividend Yield	7.06%
Yield on Cost 5y	8.11%
Yield CAGR 5y	9.43%
Payout Consistency	100.0%
Payout Ratio	3.0%

Risk via 5d forecast
Volatility	27.9%
Value at Risk 5%th	43.6%
Relative Tail Risk	-4.84%

Reward TTM
Sharpe Ratio	-0.07
Alpha	-10.95
CAGR/Max DD	0.05

Character TTM
Hurst Exponent	0.577
Beta	0.557
Beta Downside	0.781

Drawdowns 3y
Max DD	39.08%
Mean DD	18.37%
Median DD	18.48%

Description: NSA National Storage Affiliates January 09, 2026

National Storage Affiliates Trust (NYSE: NSA) is a publicly-traded REIT based in Greenwood Village, Colorado, that owns, operates, and acquires self-storage facilities primarily in the 100 largest U.S. metropolitan statistical areas. As of September 30 2025 the portfolio comprised 1,069 properties across 37 states and Puerto Rico, totaling roughly 69.8 million rentable square feet, making NSA one of the nation’s biggest self-storage owners.

Key performance indicators that analysts watch include an industry-leading occupancy rate of about 96 % and an average rent of roughly $1.75 per rentable square foot, both of which have supported a 2024 adjusted FFO growth of 7 % YoY. The sector benefits from secular trends such as continued e-commerce expansion, urban housing shortages, and low-interest-rate environments that boost demand for ancillary storage space.

For a deeper, data-driven look at NSA’s valuation and risk profile, you might find ValueRay’s analytical dashboard worth a quick browse.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (67.6m TTM) > 0 and > 6% of Revenue (6% = 45.4m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA 0.18pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -62.31% (prev -52.54%; Δ -9.77pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 345.8m > Net Income 67.6m (YES >=105%, WARN >=100%)

Net Debt (3.40b) to EBITDA (461.6m) ratio: 7.36 <= 3.0 (WARN <= 3.5)

Current Ratio 0.11 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (76.7m) change vs 12m ago 1.30% (target <= -2.0% for YES)

Gross Margin 71.12% (prev 72.80%; Δ -1.68pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 14.36% (prev 14.76%; Δ -0.41pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.68 (EBITDA TTM 461.6m / Interest Expense TTM 161.6m) >= 6 (WARN >= 3)

Altman Z'' -0.84

(A) -0.09 = (Total Current Assets 58.3m - Total Current Liabilities 529.4m) / Total Assets 5.14b

(B) -0.12 = Retained Earnings (Balance) -626.1m / Total Assets 5.14b

(D) -0.17 = Book Value of Equity -620.5m / Total Liabilities 3.56b

Total Rating: -0.84 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 52.76

1. Piotroski 3.0pt

2. FCF Yield 3.89%

3. FCF Margin 41.73%

4. Debt/Equity 3.52

5. Debt/Ebitda 7.36

6. ROIC - WACC (= 1.32)%

7. RoE 6.62%

8. Rev. Trend -19.44%

9. EPS Trend -28.52%

What is the price of NSA shares?

As of January 19, 2026, the stock is trading at USD 33.80 with a total of 1,658,740 shares traded.
Over the past week, the price has changed by +5.53%, over one month by +19.01%, over three months by +6.16% and over the past year by -1.74%.

Is NSA a buy, sell or hold?

National Storage Affiliates has received a consensus analysts rating of 2.53. Therefor, it is recommend to hold NSA.

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	32.9	-2.7%
Analysts Target Price	32.9	-2.7%
ValueRay Target Price	36	6.5%

NSA Fundamental Data Overview January 15, 2026

P/E Trailing = 52.3771
P/E Forward = 59.5238
P/S = 6.3471
P/B = 3.8907
P/EG = 3.14
Revenue TTM = 756.0m USD
EBIT TTM = 270.8m USD
EBITDA TTM = 461.6m USD
Long Term Debt = 3.00b USD (from longTermDebt, last quarter)
Short Term Debt = 399.4m USD (from shortTermDebt, last quarter)
Debt = 3.43b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.40b USD (from netDebt column, last quarter)
Enterprise Value = 8.11b USD (4.71b + Debt 3.43b - CCE 26.3m)
Interest Coverage Ratio = 1.68 (Ebit TTM 270.8m / Interest Expense TTM 161.6m)
EV/FCF = 25.70x (Enterprise Value 8.11b / FCF TTM 315.5m)
FCF Yield = 3.89% (FCF TTM 315.5m / Enterprise Value 8.11b)
FCF Margin = 41.73% (FCF TTM 315.5m / Revenue TTM 756.0m)
Net Margin = 8.94% (Net Income TTM 67.6m / Revenue TTM 756.0m)
Gross Margin = 71.12% ((Revenue TTM 756.0m - Cost of Revenue TTM 218.3m) / Revenue TTM)
Gross Margin QoQ = 70.67% (prev 70.54%)
Tobins Q-Ratio = 1.58 (Enterprise Value 8.11b / Total Assets 5.14b)
Interest Expense / Debt = 1.18% (Interest Expense 40.5m / Debt 3.43b)
Taxrate = 2.91% (871.0k / 29.9m)
NOPAT = 263.0m (EBIT 270.8m * (1 - 2.91%))
Current Ratio = 0.11 (Total Current Assets 58.3m / Total Current Liabilities 529.4m)
Debt / Equity = 3.52 (Debt 3.43b / totalStockholderEquity, last quarter 973.1m)
Debt / EBITDA = 7.36 (Net Debt 3.40b / EBITDA 461.6m)
Debt / FCF = 10.78 (Net Debt 3.40b / FCF TTM 315.5m)
Total Stockholder Equity = 1.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.28% (Net Income 67.6m / Total Assets 5.14b)
RoE = 6.62% (Net Income TTM 67.6m / Total Stockholder Equity 1.02b)
RoCE = 6.73% (EBIT 270.8m / Capital Employed (Equity 1.02b + L.T.Debt 3.00b))
RoIC = 6.41% (NOPAT 263.0m / Invested Capital 4.10b)
WACC = 5.10% (E(4.71b)/V(8.13b) * Re(7.97%) + D(3.43b)/V(8.13b) * Rd(1.18%) * (1-Tc(0.03)))
Discount Rate = 7.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -26.31%
[DCF Debug] Terminal Value 86.02% ; FCFF base≈317.7m ; Y1≈307.9m ; Y5≈306.4m
Fair Price DCF = 75.00 (EV 9.17b - Net Debt 3.40b = Equity 5.77b / Shares 77.0m; r=5.90% [WACC]; 5y FCF grow -4.21% → 2.90% )
EPS Correlation: -28.52 | EPS CAGR: -47.29% | SUE: -0.77 | # QB: 0
Revenue Correlation: -19.44 | Revenue CAGR: 1.99% | SUE: 0.55 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.10 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=0.42 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=-0.5% | Growth Revenue=+1.0%

Additional Sources for NSA Stock

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