(NSA) National Storage Affiliates - Overview
Sector: Real EstateIndustry: REIT - Industrial | Exchange NYSE (USA) | Currency USD | Market Cap: 5.456m | Total Return 3.9% in 12m
Stock: Storage Properties, Real Estate, Operations
Total Rating 37
Risk 47
Buy Signal -0.57
| Risk 5d forecast | |
|---|---|
| Volatility | 30.7% |
| Relative Tail Risk | -7.72% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.18 |
| Alpha | -0.27 |
| Character TTM | |
|---|---|
| Beta | 0.120 |
| Beta Downside | 0.537 |
| Drawdowns 3y | |
|---|---|
| Max DD | 39.08% |
| CAGR/Max DD | 0.12 |
EPS (Earnings per Share)
Revenue
Description: NSA National Storage Affiliates March 04, 2026
National Storage Affiliates Trust (NSA) is a Real Estate Investment Trust (REIT) specializing in self-storage properties. The company focuses on acquiring and operating facilities primarily in major US metropolitan areas.
As of September 30, 2025, NSA owned and operated over 1,000 self-storage properties across 37 states and Puerto Rico. This makes NSA a significant entity within the self-storage sector, which benefits from consistent demand for personal and business storage solutions.
Understanding NSAs operational details within the self-storage REIT sector can further inform investment decisions. ValueRay offers in-depth analysis on companies like NSA.
Headlines to watch out for
- Occupancy rates directly impact rental income
- Acquisition of new properties expands revenue base
- Interest rate fluctuations affect borrowing costs
- Economic downturns reduce self-storage demand
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 73.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.12 > 1.0 |
| NWC/Revenue: -44.49% < 20% (prev -61.39%; Δ 16.90% < -1%) |
| CFO/TA 0.07 > 3% & CFO 338.5m > Net Income 73.8m |
| Net Debt (3.40b) to EBITDA (471.1m): 7.23 < 3 |
| Current Ratio: 0.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (77.0m) vs 12m ago 0.14% < -2% |
| Gross Margin: 45.96% > 18% (prev 0.72%; Δ 4.52k% > 0.5%) |
| Asset Turnover: 14.43% > 50% (prev 14.39%; Δ 0.04% > 0%) |
| Interest Coverage Ratio: 1.73 > 6 (EBITDA TTM 471.1m / Interest Expense TTM 162.4m) |
Altman Z'' -0.68
| A: -0.07 (Total Current Assets 41.7m - Total Current Liabilities 376.7m) / Total Assets 5.08b |
| B: -0.13 (Retained Earnings -652.2m / Total Assets 5.08b) |
| C: 0.05 (EBIT TTM 281.8m / Avg Total Assets 5.22b) |
| D: -0.18 (Book Value of Equity -647.1m / Total Liabilities 3.55b) |
| Altman-Z'' Score: -0.68 = B |
Beneish M -2.83
| DSRI: 0.69 (Receivables 18.0m/26.9m, Revenue 752.9m/770.3m) |
| GMI: 1.58 (GM 45.96% / 72.50%) |
| AQI: 1.01 (AQ_t 0.99 / AQ_t-1 0.98) |
| SGI: 0.98 (Revenue 752.9m / 770.3m) |
| TATA: -0.05 (NI 73.8m - CFO 338.5m) / TA 5.08b) |
| Beneish M-Score: -2.83 (Cap -4..+1) = A |
What is the price of NSA shares?
As of March 25, 2026, the stock is trading at USD 37.43 with a total of 1,831,422 shares traded.
Over the past week, the price has changed by -5.93%, over one month by +10.21%, over three months by +37.36% and over the past year by +3.90%.
Over the past week, the price has changed by -5.93%, over one month by +10.21%, over three months by +37.36% and over the past year by +3.90%.
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 | 36.1 | -3.4% |
| Analysts Target Price | 36.1 | -3.4% |
NSA Fundamental Data Overview March 23, 2026
P/E Trailing = 53.7971
P/E Forward = 74.0741
P/S = 7.3177
P/B = 4.7335
P/EG = 1.6648
Revenue TTM = 752.9m USD
EBIT TTM = 281.8m USD
EBITDA TTM = 471.1m USD
Long Term Debt = 3.00b USD (from longTermDebt, last quarter)
Short Term Debt = 376.7m 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 = 8.86b USD (5.46b + Debt 3.43b - CCE 23.6m)
Interest Coverage Ratio = 1.73 (Ebit TTM 281.8m / Interest Expense TTM 162.4m)
EV/FCF = 29.55x (Enterprise Value 8.86b / FCF TTM 299.8m)
FCF Yield = 3.38% (FCF TTM 299.8m / Enterprise Value 8.86b)
FCF Margin = 39.82% (FCF TTM 299.8m / Revenue TTM 752.9m)
Net Margin = 9.80% (Net Income TTM 73.8m / Revenue TTM 752.9m)
Gross Margin = 45.96% ((Revenue TTM 752.9m - Cost of Revenue TTM 406.9m) / Revenue TTM)
Gross Margin QoQ = -28.74% (prev 70.67%)
Tobins Q-Ratio = 1.74 (Enterprise Value 8.86b / Total Assets 5.08b)
Interest Expense / Debt = 1.17% (Interest Expense 40.2m / Debt 3.43b)
Taxrate = 2.62% (991k / 37.8m)
NOPAT = 274.4m (EBIT 281.8m * (1 - 2.62%))
Current Ratio = 0.11 (Total Current Assets 41.7m / Total Current Liabilities 376.7m)
Debt / Equity = 3.62 (Debt 3.43b / totalStockholderEquity, last quarter 946.0m)
Debt / EBITDA = 7.23 (Net Debt 3.40b / EBITDA 471.1m)
Debt / FCF = 11.35 (Net Debt 3.40b / FCF TTM 299.8m)
Total Stockholder Equity = 988.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.41% (Net Income 73.8m / Total Assets 5.08b)
RoE = 7.46% (Net Income TTM 73.8m / Total Stockholder Equity 988.8m)
RoCE = 7.06% (EBIT 281.8m / Capital Employed (Equity 988.8m + L.T.Debt 3.00b))
RoIC = 6.76% (NOPAT 274.4m / Invested Capital 4.06b)
WACC = 4.38% (E(5.46b)/V(8.88b) * Re(6.41%) + D(3.43b)/V(8.88b) * Rd(1.17%) * (1-Tc(0.03)))
Discount Rate = 6.41% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -33.33 | Cagr: -26.21%
[DCF] Terminal Value 86.01% ; FCFF base≈303.8m ; Y1≈294.0m ; Y5≈292.2m
[DCF] Fair Price = 68.88 (EV 8.72b - Net Debt 3.40b = Equity 5.31b / Shares 77.1m; r=6.0% [WACC]; 5y FCF grow -4.41% → 3.0% )
EPS Correlation: -31.17 | EPS CAGR: -9.09% | SUE: -0.01 | # QB: 0
Revenue Correlation: -57.71 | Revenue CAGR: -0.23% | SUE: -0.10 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.11 | Chg7d=+0.000 | Chg30d=-0.011 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=0.41 | Chg7d=+0.000 | Chg30d=-0.049 | Revisions Net=-1 | Growth EPS=-37.1% | Growth Revenue=+0.3%
EPS next Year (2027-12-31): EPS=0.40 | Chg7d=+0.000 | Chg30d=-0.066 | Revisions Net=-1 | Growth EPS=-1.9% | Growth Revenue=+2.5%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.1% (Discount Rate 7.9% - Earnings Yield 1.9%)
[Growth] Growth Spread = -6.7% (Analyst -0.6% - Implied 6.1%)
P/E Forward = 74.0741
P/S = 7.3177
P/B = 4.7335
P/EG = 1.6648
Revenue TTM = 752.9m USD
EBIT TTM = 281.8m USD
EBITDA TTM = 471.1m USD
Long Term Debt = 3.00b USD (from longTermDebt, last quarter)
Short Term Debt = 376.7m 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 = 8.86b USD (5.46b + Debt 3.43b - CCE 23.6m)
Interest Coverage Ratio = 1.73 (Ebit TTM 281.8m / Interest Expense TTM 162.4m)
EV/FCF = 29.55x (Enterprise Value 8.86b / FCF TTM 299.8m)
FCF Yield = 3.38% (FCF TTM 299.8m / Enterprise Value 8.86b)
FCF Margin = 39.82% (FCF TTM 299.8m / Revenue TTM 752.9m)
Net Margin = 9.80% (Net Income TTM 73.8m / Revenue TTM 752.9m)
Gross Margin = 45.96% ((Revenue TTM 752.9m - Cost of Revenue TTM 406.9m) / Revenue TTM)
Gross Margin QoQ = -28.74% (prev 70.67%)
Tobins Q-Ratio = 1.74 (Enterprise Value 8.86b / Total Assets 5.08b)
Interest Expense / Debt = 1.17% (Interest Expense 40.2m / Debt 3.43b)
Taxrate = 2.62% (991k / 37.8m)
NOPAT = 274.4m (EBIT 281.8m * (1 - 2.62%))
Current Ratio = 0.11 (Total Current Assets 41.7m / Total Current Liabilities 376.7m)
Debt / Equity = 3.62 (Debt 3.43b / totalStockholderEquity, last quarter 946.0m)
Debt / EBITDA = 7.23 (Net Debt 3.40b / EBITDA 471.1m)
Debt / FCF = 11.35 (Net Debt 3.40b / FCF TTM 299.8m)
Total Stockholder Equity = 988.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.41% (Net Income 73.8m / Total Assets 5.08b)
RoE = 7.46% (Net Income TTM 73.8m / Total Stockholder Equity 988.8m)
RoCE = 7.06% (EBIT 281.8m / Capital Employed (Equity 988.8m + L.T.Debt 3.00b))
RoIC = 6.76% (NOPAT 274.4m / Invested Capital 4.06b)
WACC = 4.38% (E(5.46b)/V(8.88b) * Re(6.41%) + D(3.43b)/V(8.88b) * Rd(1.17%) * (1-Tc(0.03)))
Discount Rate = 6.41% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -33.33 | Cagr: -26.21%
[DCF] Terminal Value 86.01% ; FCFF base≈303.8m ; Y1≈294.0m ; Y5≈292.2m
[DCF] Fair Price = 68.88 (EV 8.72b - Net Debt 3.40b = Equity 5.31b / Shares 77.1m; r=6.0% [WACC]; 5y FCF grow -4.41% → 3.0% )
EPS Correlation: -31.17 | EPS CAGR: -9.09% | SUE: -0.01 | # QB: 0
Revenue Correlation: -57.71 | Revenue CAGR: -0.23% | SUE: -0.10 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.11 | Chg7d=+0.000 | Chg30d=-0.011 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=0.41 | Chg7d=+0.000 | Chg30d=-0.049 | Revisions Net=-1 | Growth EPS=-37.1% | Growth Revenue=+0.3%
EPS next Year (2027-12-31): EPS=0.40 | Chg7d=+0.000 | Chg30d=-0.066 | Revisions Net=-1 | Growth EPS=-1.9% | Growth Revenue=+2.5%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 6.1% (Discount Rate 7.9% - Earnings Yield 1.9%)
[Growth] Growth Spread = -6.7% (Analyst -0.6% - Implied 6.1%)