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Real Estate - REIT - Industrial - NYSE - US
$ 36.265
-4.76 %
$ 2.77 B
Market Cap
30.49
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one NSA stock under the worst case scenario is HIDDEN Compared to the current market price of 36.3 USD, National Storage Affiliates Trust is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one NSA stock under the base case scenario is HIDDEN Compared to the current market price of 36.3 USD, National Storage Affiliates Trust is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one NSA stock under the best case scenario is HIDDEN Compared to the current market price of 36.3 USD, National Storage Affiliates Trust is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart NSA

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$46.0$46.0$44.0$44.0$42.0$42.0$40.0$40.0$38.0$38.0$36.0$36.0$34.0$34.0$32.0$32.015 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '25
FINANCIALS
770 M REVENUE
-10.22%
297 M OPERATING INCOME
-11.74%
183 M NET INCOME
-22.67%
363 M OPERATING CASH FLOW
-17.78%
425 M INVESTING CASH FLOW
164.06%
-825 M FINANCING CASH FLOW
-48.14%
188 M REVENUE
-0.93%
360 K OPERATING INCOME
-99.51%
26.1 M NET INCOME
-12.23%
80.1 M OPERATING CASH FLOW
-24.19%
-45.5 M INVESTING CASH FLOW
38.32%
-62.3 M FINANCING CASH FLOW
-202.95%
Balance Sheet National Storage Affiliates Trust
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Current Assets 89.1 M
Cash & Short-Term Investments 50.4 M
Receivables 26.9 M
Other Current Assets 11.7 M
Non-Current Assets 5.27 B
Long-Term Investments 246 M
PP&E 24 M
Other Non-Current Assets 5 B
4.60 %93.29 %Total Assets$5.4b
Current Liabilities 562 M
Accounts Payable 0
Short-Term Debt 443 M
Other Current Liabilities 119 M
Non-Current Liabilities 3.55 B
Long-Term Debt 3.03 B
Other Non-Current Liabilities 520 M
10.79 %2.89 %73.69 %12.64 %Total Liabilities$4.1b
EFFICIENCY
Earnings Waterfall National Storage Affiliates Trust
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Revenue 770 M
Cost Of Revenue 212 M
Gross Profit 558 M
Operating Expenses 261 M
Operating Income 297 M
Other Expenses 114 M
Net Income 183 M
800m800m700m700m600m600m500m500m400m400m300m300m200m200m100m100m00770m(212m)558m(261m)297m(114m)183mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
72.50% GROSS MARGIN
72.50%
38.57% OPERATING MARGIN
38.57%
14.48% NET MARGIN
14.48%
10.36% ROE
10.36%
2.08% ROA
2.08%
5.56% ROIC
5.56%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis National Storage Affiliates Trust
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450m450m400m400m350m350m300m300m250m250m200m200m150m150m100m100m50m50m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 183 M
Depreciation & Amortization 190 M
Capital Expenditures -20.6 M
Stock-Based Compensation 8.31 M
Change in Working Capital -111 K
Others -18.4 M
Free Cash Flow 344 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets National Storage Affiliates Trust
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Wall Street analysts predict an average 1-year price target for NSA of $41.7 , with forecasts ranging from a low of $39 to a high of $45 .
NSA Lowest Price Target Wall Street Target
39 USD 7.54%
NSA Average Price Target Wall Street Target
41.7 USD 14.89%
NSA Highest Price Target Wall Street Target
45 USD 24.09%
Price
Max Price Target
Min Price Target
Average Price Target
484846464444424240403838363634343232Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
1.45% DIVIDEND YIELD
0.57 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.502.502.002.001.501.501.001.000.500.500.000.000.20.240.280.30.330.350.50.550.560.570.150.220.260.290.320.330.380.550.560.560.190.220.260.290.320.340.410.550.560.560.20.740.240.920.281.080.31.180.331.300.351.370.451.740.552.200.562.240.572.260.002015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 9
6. Ownership
Insider Ownership National Storage Affiliates Trust
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
154 K USD 1
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
695 K USD 3
9-12 MONTHS
7. News
National Storage Affiliates Trust (NSA) Q1 2025 Earnings Call Transcript National Storage Affiliates Trust (NYSE:NSA ) Q1 2025 Earnings Conference Call May 6, 2025 1:00 PM ET Company Participants George Hoglund - Vice President, Investor Relations Dave Cramer - President & Chief Executive Officer Brandon Togashi - Chief Financial Officer Conference Call Participants Eric Wolfe - Citi Samir Khanal - Bank of America Michael Goldsmith - UBS Robin Haneland - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Salil Mehta - Green Street Ronald Kamdem - Morgan Stanley Ravi Vaidya - Mizuho Securities Omotayo Okusanya - Deutsche Bank Operator Greetings, and welcome to the National Storage Affiliates First Quarter 2025 Conference Call. At this time, all participants are in a listen-only mode. seekingalpha.com - 1 week ago
Compared to Estimates, National Storage (NSA) Q1 Earnings: A Look at Key Metrics While the top- and bottom-line numbers for National Storage (NSA) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. zacks.com - 2 weeks ago
National Storage (NSA) Misses Q1 FFO Estimates National Storage (NSA) came out with quarterly funds from operations (FFO) of $0.54 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.60 per share a year ago. zacks.com - 2 weeks ago
National Storage Affiliates: Dividend Looks Tempting, But High Payout Ratio National Storage Affiliates Trust faces declining earnings, increasing debt, and a high payout ratio, but remains a major player in the self-storage sector. NSA's stock showed stability with a 1.07% increase in 2024, supported by a 6.35% dividend yield despite market volatility. The internalization of the PRO structure is expected to lower overhead costs and enhance long-term shareholder value, despite near-term financial challenges. seekingalpha.com - 2 weeks ago
Mousetraps: 9 High-Yield REITS With Potentially Unsafe Dividends The recent sell-off has increased the temptation to reach for some of the many high-yield REITs, but beware of "mousetrap" REITs with unsustainable dividends. Dividend safety is crucial; a cut can lead to plummeting share prices and reduced income, leaving investors with significant losses. Seeking Alpha Premium's Dividend Safety score helps identify risky REITs; grades range from A+ (safe) to F (high risk of cuts). seekingalpha.com - 1 month ago
National Storage Affiliates Trust Announces Date of First Quarter 2025 Earnings Release and Conference Call GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Announces Date of First Quarter 2025 Earnings Release and Conference Call. businesswire.com - 1 month ago
REITs Rally As Rates Tumble US equity markets declined for the fourth week in the past five after a frenetic slate of geopolitical headlines and economic data indicated a sluggish start to 2025 for global growth. The Atlanta Fed's updated growth forecast indicated a -1.5% contraction in first-quarter GDP, while PCE data showed the first monthly decline in personal spending in nearly two years. Buoyed by the interest rate retreat, real estate equities were also a notable source of strength this week as REIT earnings season wrapped up with a surprisingly solid slate of results. seekingalpha.com - 2 months ago
National Storage Affiliates Trust (NSA) Q4 2024 Earnings Conference Call Transcript National Storage Affiliates Trust (NYSE:NSA ) Q4 2024 Earnings Conference Call February 27, 2025 1:00 PM ET Company Participants George Hoglund - VP, IR David Cramer - President and CEO Brandon Togashi - CFO Conference Call Participants Samir Khanal - Evercore ISI Eric Wolfe - Citibank Jeffrey Spector - Bank of America Salil Mehta - Green Street Advisors Juan Sanabria - BMO Capital Markets Ronald Kamdem - Morgan Stanley Wes Golladay - Baird Eric Luebchow - Wells Fargo Omotayo Okusanya - Deutsche Bank Brendan Lynch - Barclays Todd Thomas - KeyBanc Capital Markets Operator Greetings and welcome to the National Storage Affiliate Trust's Fourth Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode. seekingalpha.com - 2 months ago
National Storage (NSA) Reports Q4 Earnings: What Key Metrics Have to Say Although the revenue and EPS for National Storage (NSA) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. zacks.com - 2 months ago
National Storage (NSA) Q4 FFO Surpass Estimates National Storage (NSA) came out with quarterly funds from operations (FFO) of $0.60 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to FFO of $0.68 per share a year ago. zacks.com - 2 months ago
National Storage Affiliates Trust Reports Fourth Quarter and Full Year 2024 Results GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Reports Fourth Quarter and Full Year 2024 Results. businesswire.com - 2 months ago
Unlocking Q4 Potential of National Storage (NSA): Exploring Wall Street Estimates for Key Metrics Get a deeper insight into the potential performance of National Storage (NSA) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics. zacks.com - 2 months ago
8. Profile Summary

National Storage Affiliates Trust NSA

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 2.77 B
Dividend Yield 1.45%
Description 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.
Contact 8400 East Prentice Avenue, Greenwood Village, CO, 80111 https://www.nationalstorageaffiliates.com
IPO Date April 22, 2015
Employees 1466
Officers Mr. John Esbenshade Senior Vice President & Chief Accounting Officer Ms. Melissa M. Cameron Senior Vice President & Chief Marketing Officer Mr. David G. Cramer President, Chief Executive Officer & Trustee Mr. George Andrew Hoglund CFA Vice President of Investor Relations Ms. Pam Valentine Senior Vice President of People Operations Ms. Tiffany S. Kenyon Executive Vice President, Chief Legal Officer & Secretary Ms. Tamara D. Fischer B.A., CPA Executive Chairperson Mr. Brandon S. Togashi CPA Executive Vice President, Chief Financial Officer & Treasurer Mr. William S. Cowan Executive Vice President & Chief Strategy Officer