NYSE · REIT - Industrial

National Storage Affiliates Trust (NSA) Stock

$43.40 -1.77% NYSE: NSA Real Estate

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self-storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2025, the Company held ownership interests in and operated 1,069 self-storage properties, located in 37 states and Puerto Rico with approximately 69.8 million rentable square feet.

Valuation

MetricValue
Price$43.40
Market Cap$3.35B
P/E Ratio57.11
P/B Ratio3.67
P/S Ratio4.46
EPS (TTM)$0.76
52-Week High$46.47
52-Week Low$27.43
Dividend Yield0.83%

Financials & Margins

MetricValue
ROE8.20%
ROA1.56%
ROCE6.26%
Gross Margin33.85%
Operating Margin37.60%
Net Margin10.48%
Debt/Equity3.77
Current Ratio0.10

Annual Financials (USD)

Metric20212022202320242025
Revenue$586.0M$802.0M$858.0M$770.0M$753.0M
Operating Profit$218.0M$290.0M$337.0M$297.0M$279.0M
Net Profit$105.0M$104.0M$157.0M$112.0M$74.0M
EPS$1.09$0.99$1.48$1.18$0.70
Op Margin37.3%36.1%39.2%38.6%37.0%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$5.6B$6.1B$5.9B$5.4B$5.1B
Total Liabilities$3.1B$3.7B$3.8B$3.6B$3.5B
Cash$25.0M$35.0M$65.0M$50.0M$24.0M
Borrowings$3.0B$3.6B$3.7B$3.5B$3.4B

Latest News

Public Storage Completes Acquisition of National Storage Affiliates Trust MT Newswires · Jul 22, 2026 Public Storage Announces Closing of National Storage Affiliates Acquisition Business Wire · Jul 22, 2026 Molina Healthcare Set to Join S&P MidCap 400 and Construction Partners to Join S&P SmallCap 600 PR Newswire · Jul 16, 2026 Molina Healthcare to Join S&P MidCap 400 MT Newswires · Jul 16, 2026 National Storage Shareholders Approve Public Storage Deal MT Newswires · Jul 14, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$331.0M$444.0M$442.0M$363.0M$339.0M
Investing Cash Flow$-2.0B$-628.0M$126.0M$405.0M$-19.0M
Financing Cash Flow$-110.0M$-248.0M$-455.0M$-424.0M$-146.0M
Net Cash Flow$6.0M$14.0M$45.0M$-37.0M$-27.0M
Free Cash Flow$303.0M$400.0M$406.0M$342.0M$299.0M

Valuation & Return Ratios

MetricValue
PEG Ratio1.98
EV / EBITDA14.25
FCF Yield8.87%
Quick Ratio0.10
Interest Coverage1.76
Return 1Y47.76%
Return 3Y49.73%
Return 5Y

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
CUBE $41.84 +0.92% 28.46 $9.47B 5.16%
EXRExtra Space Storage Inc. $148.29 +0.39% 30.96 $31.33B 4.56%
LXPLXP Industrial Trust $56.05 +1.84% 37.37 $3.30B 5.00%
NXRTNexPoint Residential Trust, Inc. $25.09 -1.72% -19.15 $637.59M 0.00%
REXR $37.69 -0.21% 36.97 $8.62B 4.96%

About National Storage Affiliates Trust

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self-storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2025, the Company held ownership interests in and operated 1,069 self-storage properties, located in 37 states and Puerto Rico with approximately 69.8 million rentable square feet. NSA is one of the largest owners and operators of self-storage properties among public and private companies in the United States. National Storage Affiliates Trust was incorporated in 2013 in Maryland, USA.

National Storage Affiliates Trust is headquartered in US.

National Storage Affiliates Trust (NSA) stock trades at $43.40 with a market capitalization of $3.35B. The stock is valued at a price-to-earnings (P/E) ratio of 57.11, price-to-book of 3.67, price-to-sales of 4.46. Over the past 52 weeks the stock has ranged between $27.43 and $46.47, and currently trades 6.6% below its 52-week high. It pays a dividend yielding 0.83%.

On profitability, National Storage Affiliates Trust generates a return on equity (ROE) of 8.20%, return on capital employed of 6.26%, an operating margin of 37.60%, a net profit margin of 10.48%.

Official website: www.nationalstorageaffiliates.com

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