(NSA) National Storage Affiliates - Ratings and Ratios
Storage Rental Units
NSA EPS (Earnings per Share)
NSA Revenue
Description: NSA National Storage Affiliates July 28, 2025
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 | 4,519m |
| Sub-Industry | Self-Storage REITs |
| IPO / Inception | 2015-04-23 |
NSA Stock Ratings
| Growth Rating | -45.7% |
| Fundamental | 52.6% |
| Dividend Rating | 88.3% |
| Return 12m vs S&P 500 | -34.9% |
| Analyst Rating | 2.53 of 5 |
NSA Dividends
| Dividend Yield 12m | 7.27% |
| Yield on Cost 5y | 8.56% |
| Annual Growth 5y | 13.62% |
| Payout Consistency | 100.0% |
| Payout Ratio | 2.9% |
NSA Growth Ratios
| Growth Correlation 3m | 52.3% |
| Growth Correlation 12m | -89% |
| Growth Correlation 5y | -17.3% |
| CAGR 5y | -4.25% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.11 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.26 |
| Sharpe Ratio 12m | -0.80 |
| Alpha | -44.34 |
| Beta | 1.097 |
| Volatility | 26.64% |
| Current Volume | 1268.2k |
| Average Volume 20d | 1113.9k |
| Stop Loss | 30.4 (-3.1%) |
| Signal | 0.11 |
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) 52.64
| 1. Piotroski 3.0pt = -2.0 |
| 2. FCF Yield 6.54% = 3.27 |
| 3. FCF Margin 38.81% = 7.50 |
| 4. Debt/Equity 0.02 = 2.50 |
| 5. Debt/Ebitda -0.01 = 2.50 |
| 6. ROIC - WACC (= -3.55)% = -4.44 |
| 7. RoE 6.62% = 0.55 |
| 8. Rev. Trend -78.73% = -5.91 |
| 9. EPS Trend -26.83% = -1.34 |
What is the price of NSA shares?
Over the past week, the price has changed by -3.39%, over one month by +3.50%, over three months by +3.10% and over the past year by -22.27%.
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 28.78 USD . This means that NSA is currently overvalued and has a potential downside of -8.23%.
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 | 33.8 | 7.9% |
| Analysts Target Price | 33.8 | 7.9% |
| ValueRay Target Price | 32.5 | 3.7% |
NSA Fundamental Data Overview October 16, 2025
P/E Trailing = 50.7258
P/E Forward = 55.8659
P/S = 6.0968
P/B = 3.488
P/EG = 3.14
Beta = 1.097
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 = 22.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -3.44m USD (from netDebt column, last quarter)
Enterprise Value = 4.52b USD (4.52b + Debt 22.7m - CCE 26.1m)
Interest Coverage Ratio = 1.66 (Ebit TTM 266.6m / Interest Expense TTM 160.7m)
FCF Yield = 6.54% (FCF TTM 295.3m / Enterprise Value 4.52b)
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)
Gross Margin QoQ = 44.59% (prev 70.74%)
Tobins Q-Ratio = 0.87 (Enterprise Value 4.52b / Total Assets 5.18b)
Interest Expense / Debt = 181.9% (Interest Expense 41.3m / Debt 22.7m)
Taxrate = 0.39% (120.0k / 31.1m)
NOPAT = 265.5m (EBIT 266.6m * (1 - 0.39%))
Current Ratio = 0.60 (Total Current Assets 26.1m / Total Current Liabilities 43.3m)
Debt / Equity = 0.02 (Debt 22.7m / totalStockholderEquity, last quarter 1.00b)
Debt / EBITDA = -0.01 (Net Debt -3.44m / EBITDA 458.1m)
Debt / FCF = -0.01 (Net Debt -3.44m / FCF TTM 295.3m)
Total Stockholder Equity = 1.02b (last 4 quarters mean from totalStockholderEquity)
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 / Capital Employed (Equity 1.02b + L.T.Debt 3.00b))
RoIC = 6.46% (NOPAT 265.5m / Invested Capital 4.11b)
WACC = 10.01% (E(4.52b)/V(4.54b) * Re(10.06%) + (debt cost/tax rate unavailable))
Discount Rate = 10.06% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -26.44%
[DCF Debug] Terminal Value 71.56% ; FCFE base≈341.2m ; Y1≈347.0m ; Y5≈380.8m
Fair Price DCF = 62.62 (DCF Value 4.81b / Shares Outstanding 76.8m; 5y FCF grow 1.44% → 3.0% )
EPS Correlation: -26.83 | EPS CAGR: -3.57% | SUE: -0.05 | # QB: 0
Revenue Correlation: -78.73 | Revenue CAGR: -3.24% | SUE: 0.39 | # QB: 0
Additional Sources for NSA Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle