Overview Dividends

(NSA) National Storage Affiliates - Ratings and Ratios

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

Storage, Units, Facilities, Operations

EPS (Earnings per Share)

EPS (Earnings per Share) of NSA over the last years for every Quarter: "2020-09": 0.15, "2020-12": 0.18, "2021-03": 0.19, "2021-06": 0.25, "2021-09": 0.26, "2021-12": 0.25, "2022-03": 0.24, "2022-06": 0.24, "2022-09": 0.21, "2022-12": 0.31, "2023-03": 0.24, "2023-06": 0.28, "2023-09": 0.26, "2023-12": 0.72, "2024-03": 0.65, "2024-06": 0.16, "2024-09": 0.18, "2024-12": 0.2381, "2025-03": 0.1687, "2025-06": 0.19, "2025-09": 0.1769,
EPS CAGR: -18.45%
EPS Trend: -45.1%
Last SUE: -0.19σ
Qual. Beats: 0

Revenue

Revenue of NSA over the last years for every Quarter: 2020-09: 109.474, 2020-12: 114.109, 2021-03: 122.992, 2021-06: 138.246, 2021-09: 150.843, 2021-12: 173.59, 2022-03: 187.184, 2022-06: 198.89, 2022-09: 206.773, 2022-12: 208.722, 2023-03: 207.993, 2023-06: 215.511, 2023-09: 219.147, 2023-12: 215.412, 2024-03: 196.148, 2024-06: 190.448, 2024-09: 193.621, 2024-12: 190.118, 2025-03: 188.354, 2025-06: 188.842, 2025-09: 188.702,
Revenue CAGR: -3.60%
Revenue Trend: -83.8%
Last SUE: 0.55σ
Qual. Beats: 0
Risk via 10d forecast
Volatility 27.7%
Value at Risk 5%th 43.6%
Relative Tail Risk -4.16%
Reward TTM
Sharpe Ratio -1.34
Alpha -40.84
Character TTM
Hurst Exponent 0.452
Beta 0.584
Beta Downside 0.803
Drawdowns 3y
Max DD 38.60%
Mean DD 16.92%
Median DD 15.73%

Description: NSA National Storage Affiliates November 06, 2025

National Storage Affiliates Trust (NYSE: NSA) is a publicly traded REIT headquartered in Greenwood Village, Colorado that owns, operates, and acquires self-storage facilities. As of June 30 2025 the portfolio comprised 1,067 properties across 37 states and Puerto Rico, representing roughly 69.7 million rentable square feet (excluding two assets sold in July 2025). This scale makes NSA one of the largest self-storage owners and operators in the United States.

Key performance indicators from the most recent filings show an occupancy rate of 96 percent in 2024, an average rental rate of about $1.45 per square foot, and a 2024 adjusted Funds From Operations (AFFO) of $1.03 per share, reflecting a 7 percent year-over-year increase driven by strong demand and disciplined pricing.

The self-storage sector is currently buoyed by two macro trends: (1) continued e-commerce growth and residential downsizing, which lift demand for short-term storage, and (2) a relatively low-interest-rate environment that supports REIT financing costs. However, rising construction material prices could pressure new-development margins, making acquisition of existing high-occupancy assets-NSA’s core strategy-a relative advantage.

For a deeper, data-rich assessment of NSA’s valuation dynamics, you may find the analytics on ValueRay worth exploring as part of your due-diligence workflow.

NSA Stock Overview

Market Cap in USD 4,216m
Sub-Industry Self-Storage REITs
IPO / Inception 2015-04-23
Return 12m vs S&P 500 -40.4%
Analyst Rating 2.53 of 5

NSA Dividends

Metric Value
Dividend Yield 9.97%
Yield on Cost 5y 10.87%
Yield CAGR 5y 13.62%
Payout Consistency 100.0%
Payout Ratio 3.0%

NSA Growth Ratios

Metric Value
CAGR 3y -3.94%
CAGR/Max DD Calmar Ratio -0.10
CAGR/Mean DD Pain Ratio -0.23
Current Volume 1010.1k
Average Volume 1220.7k

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 -0.48pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue -2.18% (prev -52.54%; Δ 50.36pp) (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 (-3.90m) to EBITDA (461.6m) ratio: -0.01 <= 3.0 (WARN <= 3.5)
Current Ratio 0.62 (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'' -0.26

(A) -0.00 = (Total Current Assets 26.3m - Total Current Liabilities 42.7m) / Total Assets 5.14b
(B) -0.12 = Retained Earnings (Balance) -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
Total Rating: -0.26 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 54.12

1. Piotroski 3.0pt
2. FCF Yield 7.49%
3. FCF Margin 41.73%
4. Debt/Equity 0.02
5. Debt/Ebitda -0.01
6. ROIC - WACC (= -1.71)%
7. RoE 6.62%
8. Rev. Trend -83.79%
9. EPS Trend -45.08%

What is the price of NSA shares?

As of November 25, 2025, the stock is trading at USD 28.59 with a total of 1,010,134 shares traded.
Over the past week, the price has changed by -0.66%, over one month by -9.41%, over three months by -8.23% and over the past year by -32.46%.

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 33.8 18.3%
Analysts Target Price 33.8 18.3%
ValueRay Target Price 30 4.8%

NSA Fundamental Data Overview November 21, 2025

Market Cap USD = 4.22b (4.22b USD * 1.0 USD.USD)
P/E Trailing = 46.918
P/E Forward = 54.0541
P/S = 5.6856
P/B = 3.5388
P/EG = 3.14
Beta = 1.208
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 = 22.4m USD (from shortTermDebt, last quarter)
Debt = 22.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -3.90m USD (from netDebt column, last quarter)
Enterprise Value = 4.21b USD (4.22b + Debt 22.4m - CCE 26.3m)
Interest Coverage Ratio = 1.68 (Ebit TTM 270.8m / Interest Expense TTM 161.6m)
FCF Yield = 7.49% (FCF TTM 315.5m / Enterprise Value 4.21b)
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 = 0.82 (Enterprise Value 4.21b / Total Assets 5.14b)
Interest Expense / Debt = 181.1% (Interest Expense 40.5m / Debt 22.4m)
Taxrate = 2.91% (871.0k / 29.9m)
NOPAT = 263.0m (EBIT 270.8m * (1 - 2.91%))
Current Ratio = 0.62 (Total Current Assets 26.3m / Total Current Liabilities 42.7m)
Debt / Equity = 0.02 (Debt 22.4m / totalStockholderEquity, last quarter 973.1m)
Debt / EBITDA = -0.01 (Net Debt -3.90m / EBITDA 461.6m)
Debt / FCF = -0.01 (Net Debt -3.90m / FCF TTM 315.5m)
Total Stockholder Equity = 1.02b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.31% (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 = 8.13% (E(4.22b)/V(4.24b) * Re(8.17%) + (debt cost/tax rate unavailable))
Discount Rate = 8.17% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -26.31%
[DCF Debug] Terminal Value 77.92% ; FCFE base≈332.0m ; Y1≈333.7m ; Y5≈357.6m
Fair Price DCF = 80.22 (DCF Value 6.17b / Shares Outstanding 77.0m; 5y FCF grow 0.02% → 3.0% )
EPS Correlation: -45.08 | EPS CAGR: -18.45% | SUE: -0.19 | # QB: 0
Revenue Correlation: -83.79 | Revenue CAGR: -3.60% | SUE: 0.55 | # QB: 0

Additional Sources for NSA Stock

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