NSA - NYSE

National Storage Affiliates Trust

National Storage Affiliates Trust

NSAยทNYSE

$42.37

+0.35%
Real EstateREIT - Industrial

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 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.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$3.27B
EPS0.7000
P/E Ratio29.30
Earnings Date08/03/2026
National Storage Affiliates Trust

National Storage Affiliates Trust Fair Value Envelope

NSA ยท NYSE

Our analysis suggests that NSA has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $42.37, this represents a potential HIDDEN relative to our calculated worth for National Storage Affiliates Trust.

HIDDEN
Intrinsic Value
Current Price: $42.37

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$1.9B
+ Cash & Equivalents$23.6M
Firm Value$2.0B
- Debt$3.4B
Equity Value-$1.5B
/ Shares Outstanding76,960,767B
DCF Value-$19
OVERVALUED BY 145%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$296.3M
$259.4M
$227.1M
$198.8M
$174.0M
$152.3M
$133.3M
$116.7M
$102.2M
$89.5M
Maintenance CapEx
-$6.8M
-$5.9M
-$5.2M
-$4.5M
-$4.0M
-$3.5M
-$3.0M
-$2.7M
-$2.3M
-$2.0M
Owner Earnings
$289.5M
$253.5M
$221.9M
$194.2M
$170.0M
$148.8M
$130.3M
$114.1M
$99.8M
$87.4M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$268.1M
$217.3M
$176.1M
$142.8M
$115.7M
$93.8M
$76.0M
$61.6M
$49.9M
$40.5M
Terminal Value represents 35.7% of Enterprise Value

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