(NSA) National Storage Affiliates - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US6378701063
Stock: Storage, Properties, Ownership, Operations
Total Rating 27
Risk 59
Buy Signal -0.81
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.06% |
| Yield on Cost 5y | 7.90% |
| Yield CAGR 5y | 9.43% |
| Payout Consistency | 100.0% |
| Payout Ratio | 3.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 27.7% |
| Relative Tail Risk | -4.79% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.34 |
| Alpha | -19.20 |
| Character TTM | |
|---|---|
| Beta | 0.587 |
| Beta Downside | 0.799 |
| Drawdowns 3y | |
|---|---|
| Max DD | 39.08% |
| CAGR/Max DD | -0.08 |
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) 4.0
| Net Income: 67.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.18 > 1.0 |
| NWC/Revenue: -62.31% < 20% (prev -52.54%; Δ -9.77% < -1%) |
| CFO/TA 0.07 > 3% & CFO 345.8m > Net Income 67.6m |
| Net Debt (3.40b) to EBITDA (461.6m): 7.36 < 3 |
| Current Ratio: 0.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (76.7m) vs 12m ago 1.30% < -2% |
| Gross Margin: 71.12% > 18% (prev 0.73%; Δ 7039 % > 0.5%) |
| Asset Turnover: 14.36% > 50% (prev 14.76%; Δ -0.41% > 0%) |
| Interest Coverage Ratio: 1.68 > 6 (EBITDA TTM 461.6m / Interest Expense TTM 161.6m) |
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 -626.1m / Total Assets 5.14b) |
| C: 0.05 (EBIT TTM 270.8m / Avg Total Assets 5.27b) |
| D: -0.17 (Book Value of Equity -620.5m / Total Liabilities 3.56b) |
| Altman-Z'' Score: -0.84 = CCC |
Beneish M -3.30
| DSRI: 0.74 (Receivables 19.0m/27.0m, Revenue 756.0m/795.6m) |
| GMI: 1.02 (GM 71.12% / 72.80%) |
| AQI: 1.01 (AQ_t 0.98 / AQ_t-1 0.97) |
| SGI: 0.95 (Revenue 756.0m / 795.6m) |
| TATA: -0.05 (NI 67.6m - CFO 345.8m) / TA 5.14b) |
| Beneish M-Score: -3.30 (Cap -4..+1) = AA |
What is the price of NSA shares?
As of February 02, 2026, the stock is trading at USD 31.81 with a total of 1,093,219 shares traded.
Over the past week, the price has changed by -0.19%, over one month by +14.06%, over three months by +11.41% and over the past year by -8.07%.
Over the past week, the price has changed by -0.19%, over one month by +14.06%, over three months by +11.41% and over the past year by -8.07%.
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.
- StrongBuy: 1
- Buy: 0
- Hold: 9
- Sell: 1
- StrongSell: 4
What are the forecasts/targets for the NSA price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 32.5 | 2% |
| Analysts Target Price | 32.5 | 2% |
| ValueRay Target Price | 35.8 | 12.6% |
NSA Fundamental Data Overview January 30, 2026
P/E Trailing = 51.6721
P/E Forward = 58.4795
P/S = 6.2617
P/B = 3.8383
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 = 8.04b USD (4.64b + Debt 3.43b - CCE 26.3m)
Interest Coverage Ratio = 1.68 (Ebit TTM 270.8m / Interest Expense TTM 161.6m)
EV/FCF = 25.49x (Enterprise Value 8.04b / FCF TTM 315.5m)
FCF Yield = 3.92% (FCF TTM 315.5m / Enterprise Value 8.04b)
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 = 1.56 (Enterprise Value 8.04b / 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 = 5.14% (E(4.64b)/V(8.07b) * Re(8.08%) + D(3.43b)/V(8.07b) * Rd(1.18%) * (1-Tc(0.03)))
Discount Rate = 8.08% (= 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=+0.007 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=0.46 | Chg30d=+0.032 | Revisions Net=+1 | Growth EPS=+15.9% | Growth Revenue=+0.9%
P/E Forward = 58.4795
P/S = 6.2617
P/B = 3.8383
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 = 8.04b USD (4.64b + Debt 3.43b - CCE 26.3m)
Interest Coverage Ratio = 1.68 (Ebit TTM 270.8m / Interest Expense TTM 161.6m)
EV/FCF = 25.49x (Enterprise Value 8.04b / FCF TTM 315.5m)
FCF Yield = 3.92% (FCF TTM 315.5m / Enterprise Value 8.04b)
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 = 1.56 (Enterprise Value 8.04b / 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 = 5.14% (E(4.64b)/V(8.07b) * Re(8.08%) + D(3.43b)/V(8.07b) * Rd(1.18%) * (1-Tc(0.03)))
Discount Rate = 8.08% (= 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=+0.007 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=0.46 | Chg30d=+0.032 | Revisions Net=+1 | Growth EPS=+15.9% | Growth Revenue=+0.9%