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National Storage Affiliates Trust

NSA

$44.00 0.00 (0.00%) at close

14 Visible periods

32 Metrics

Peer-ranked Benchmarks

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Health

Fair

Neutral

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Analytical Summary

National Storage Affiliates Trust shows mixed fundamentals. Consider comparing against peers in the Real Estate sector before making investment decisions.

Market Cap $3.4B

Dividend Yield 5.18%

Revenue Growth -2.3% ↗

Op. Margin None

ROIC None

FCF / Share None

Trailing P/E 63.8x

Price / Book 3.6x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Jul 21, 2026.

14-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$752.93M

↓ -2.3% —

Net Income Profit after all expenses

$73.78M

↓ -33.8% —

Operating Margin Operating profit as % of sales

30.7%

↑ +4.9% —

Health Breakdown

Profitability ↓

Returns ↑

Dividend History

Dividend / share · sourced from SEC filings

$2.28 Latest / share

+1.3% YoY

$0.00

FY 2014

$0.54

FY 2015

$0.88

FY 2016

$1.04

FY 2017

$1.16

FY 2018

$1.27

FY 2019

$1.35

FY 2020

$1.59

FY 2021

$2.15

FY 2022

$2.23

FY 2023

$2.25

FY 2024

$2.28

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Revenue Growth YoY (%)	-2.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-145%)	-10.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-304%)	7.0% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+41%)	36.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+637%)	35.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+610%)	11.4% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+129%)	17.2% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+245%)	23.4% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+368%)	—	—	—	—	—	—
EPS Growth YoY (%)	-41.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-25.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	59.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-12.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	113.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	600.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-98.3% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-25.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—
Net Income Growth YoY (%)	-33.8% Weak ↓ Weak Declining Year-over-year change in net income	-28.8% Weak ↓ Weak Declining Year-over-year change in net income	51.0% Excellent ↓ Excellent Declining Year-over-year change in net income	-1.4% Weak ↓ Weak Declining Year-over-year change in net income	116.5% Excellent ↓ Excellent Declining Year-over-year change in net income	1120.4% Excellent ↑ Excellent Improving Year-over-year change in net income	-71.8% Weak ↓ Weak Declining Year-over-year change in net income	376.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-83.5% Weak Weak Year-over-year change in net income	44.4% Excellent Excellent Year-over-year change in net income	—	—	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	-2.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	9.6% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	25.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	27.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	21.0% Excellent Excellent Compound annual revenue growth over 3 years	17.3% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	11.7% Good ↓ Good Declining Compound annual revenue growth over 5 years	14.7% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	21.0% Excellent Excellent Compound annual revenue growth over 5 years	24.5% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	-11.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	1.5% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	43.9% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	—	152.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	275.6% Excellent Excellent Compound annual EPS growth over 3 years	—	-55.6% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Operating Margin (%) (%)	—	—	—	—	—	—	—	30.7% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	29.3% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	—	—	—	—	—
Effective Tax Rate (%) (%)	2.6% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.1% Excellent → Excellent Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.5% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.5% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	9.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	14.5% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	18.3% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	12.9% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	18.0% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-28%)	11.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-55%)	1.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-96%)	4.3% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-83%)	1.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-96%)	—	—	—	—	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	—	—	—	—	—	—	—	3.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	3.0% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	2.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	2.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	7.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	10.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+30%)	11.0% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+38%)	6.3% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-21%)	5.9% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-26%)	5.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	0.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-95%)	1.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-81%)	0.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-96%)	3.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-61%)	5.3% Caution Caution Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-34%)	—	—	—

⚖️ Is the balance sheet risky? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD)	$-23.33M	$-50.41M	$-64.98M	$-35.31M	$-25.01M	$-18.72M	$-20.56M	$-13.18M	$-13.37M	$-12.57M	$-6.67M	$-9.01M	$-11.20M	$0.00
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Revenue per Share (USD)	$9.82	$10.02	$9.88	$8.79	$7.21	$6.49	$6.66	$6.21	$6.04	—	—	—	—	—
Basic EPS, GAAP (USD)	$0.69	$1.18	$1.58	$0.99	$1.13	$0.53	—	$0.07	$0.01	$0.60	$0.80	$0.00	—	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$2.28	$2.25	$2.23	$2.15	$1.59	$1.35	$1.27	$1.16	$1.04	$0.88	$0.54	$0.00	$0.00	—
Book Value per Share (USD)	$12.27	$14.09	$17.28	$18.35	$19.47	$13.59	$15.41	$16.18	$16.73	$13.39	$10.28	—	—	—
Tangible Book Value per Share (USD)	$12.17	$13.99	$17.18	$18.25	$19.38	$13.48	$15.32	$16.08	$16.61	$13.25	$10.28	—	—	—
Basic Weighted Avg Shares (shares)	76.64M	76.84M	86.85M	91.24M	81.19M	66.55M	58.21M	53.29M	44.42M	29.89M	15.46M	1,000	—	—
Dividend Payout Ratio (%)	330.4% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	190.7% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	141.1% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	217.2% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	140.7% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	254.7% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	—	1657.1% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	10400.0% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	146.7% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	67.5% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—

🏦 How resilient is the balance sheet? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Total Equity (USD)	$946.04M	$1.08B	$1.42B	$1.65B	$1.78B	$968.96M	$919.63M	$916.84M	$841.02M	$577.10M	$236.63M	$0.00	—	—

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
Sales/Revenue/Turnover (USD)	$752.93M	$770.34M	$858.06M	$801.57M	$585.67M	$432.22M	$387.90M	$330.90M	$268.13M	—	—	—	—	—
Net Income, GAAP (USD)	$73.78M	$111.52M	$156.67M	$103.74M	$105.25M	$48.61M	$3.98M	$14.11M	$2.96M	$17.96M	$12.44M	$0.00	—	—
Operating Cash Flow (USD)	$338.50M	$363.06M	$441.58M	$443.85M	$331.35M	$220.65M	$196.65M	$161.80M	$124.29M	$94.65M	$51.41M	$16.42M	—	—

🏛️ Sector-Specific 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Mar 31, 2013 10-K ↗
FFO (approx.) (USD)	$263.10M	$301.37M	$378.66M	$336.89M	$263.56M	$165.78M	$109.10M	$103.26M	$78.08M	$73.03M	$53.09M	$23.79M	—	—
FFO per Share (approx.) (USD)	$3.43	$3.92	$4.36	$3.69	$3.25	$2.49	$1.87	$1.94	$1.76	$2.44	$3.43	—	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 14 years · 51 quarters

National Storage Affiliates Trust

Analytical Summary

14-Year Financial Trajectory

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

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Peer Comparison

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