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National Storage Affiliates Trust

Data quality: 100%
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NYSE Real Estate REIT - Industrial
$37.07
▼ $0.29 (-0.78%)
Mkt Cap: 2.85B
Day Range
$36.87 $37.67
52-Week Range
$27.43 $41.37
Volume
1,637,043
50D / 200D Avg
$33.69 / $31.48
Prev Close
$37.36

Quick Summary

Price History

Financial Trends

Peer Comparison

vs Real Estate sector median (361 peers)

Metric Stock Sector Median
P/E 38.7 11.2
P/B 3.0 0.8
ROE % 7.3 6.1
Net Margin % 9.8 20.1
Rev Growth 5Y % 6.5 6.9
D/E 3.6 0.9

Analyst Price Target

Hold
$32.00 -13.7%
Low: $29.00 High: $33.00
Forward P/E
68.22
Forward EPS
$0.55
EPS Growth (est.)
+0.0%
Est. Revenue
740.20M

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2030 $0.76
$0.75 – $0.77
912.20M 1
FY2029 $0.76
$0.75 – $0.77
864.90M 1
FY2028 $0.55
$0.55 – $0.56
732.00M 1

Earnings Surprises

Last 8 quarters
Quarter Est. EPS Actual EPS Surprise
2026-02-25 $0.17 $0.57 +233.7%
2025-11-03 $0.56 $0.57 +1.8%
2025-08-04 $0.58 $0.55 -5.2%
2025-05-05 $0.56 $0.54 -3.6%
2025-02-26 $0.19 $0.60 +215.8%
2024-10-30 $0.60 $0.62 +3.3%
2024-08-05 $0.63 $0.62 -1.6%
2024-05-01 $0.32 $0.65 +103.1%

Dividend History

7 yr streak

Yield

0.09%

Payout Ratio

2.65%

Growth (3Y)

1.98%

Growth (5Y)

11.05%

Ex-Date Payment Date Amount Yield
Mar 13, 2026 Mar 31, 2026 $0.57 7.37%
Dec 15, 2025 Dec 31, 2025 $0.57 7.76%
Sep 15, 2025 Sep 30, 2025 $0.57 7.37%
Jun 13, 2025 Jun 30, 2025 $0.57 6.88%
Mar 14, 2025 Mar 31, 2025 $0.57 6.16%
Dec 13, 2024 Dec 31, 2024 $0.57 5.43%
Sep 13, 2024 Sep 30, 2024 $0.56 4.70%
Jun 14, 2024 Jun 28, 2024 $0.56 5.48%
Mar 14, 2024 Mar 29, 2024 $0.56 6.10%
Dec 14, 2023 Dec 29, 2023 $0.56 5.54%
Sep 14, 2023 Sep 29, 2023 $0.56 6.41%
Jun 14, 2023 Jun 30, 2023 $0.56 6.29%
Mar 14, 2023 Mar 30, 2023 $0.55 5.27%
Dec 14, 2022 Dec 30, 2022 $0.55 5.65%
Sep 14, 2022 Sep 30, 2022 $0.55 4.26%
Jun 14, 2022 Jun 30, 2022 $0.55 4.19%
Mar 14, 2022 Mar 31, 2022 $0.50 2.93%
Dec 14, 2021 Dec 30, 2021 $0.45 2.49%
Sep 14, 2021 Sep 30, 2021 $0.41 2.61%
Jun 14, 2021 Jun 30, 2021 $0.38 2.86%

Key Takeaways

Revenue grew 6.48% annually over 5 years — modest growth
Earnings declined -33.84% over the past year
Debt/Equity of 3.62 — high leverage
Generating 299.81M in free cash flow
P/E of 38.68 — premium valuation
Revenue growth is decelerating — 1Y growth trails 5Y average by 8.74%

Growth

Revenue Growth (5Y)
6.48%
Revenue (1Y)-2.26%
Earnings (1Y)-33.84%
FCF Growth (3Y)-14.07%

Quality

Return on Equity
7.30%
ROIC4.78%
Net Margin9.80%
Op. Margin37.01%

Safety

Debt / Equity
3.62
Current Ratio0.11
Interest Coverage1.72

Valuation

P/E Ratio
38.68
Forward P/E68.22
P/B Ratio3.02
EV/EBITDA22.46
Dividend Yield0.09%

All Fundamental Metrics

Growth
Revenue Growth (1Y) -2.26% Revenue Growth (3Y) -6.33%
Earnings Growth (1Y) -33.84% Earnings Growth (3Y) -31.37%
Revenue Growth (5Y) 6.48% Earnings Growth (5Y) -8.50%
Profitability
Revenue (TTM) 752.93M Net Income (TTM) 73.78M
ROE 7.30% ROA 1.45%
Gross Margin 45.96% Operating Margin 37.01%
Net Margin 9.80% Free Cash Flow (TTM) 299.81M
ROIC 4.78% FCF Growth (3Y) -14.07%
Safety
Debt / Equity 3.62 Current Ratio 0.11
Interest Coverage 1.72
Dividends
Dividend Yield 0.09% Payout Ratio 2.65%
Dividend Growth (3Y) 1.98% Dividend Growth (5Y) 11.05%
Consecutive Div Years 7 yrs
Valuation
P/E Ratio 38.68 Forward P/E 68.22
P/B Ratio 3.02 P/S Ratio 3.79
PEG Ratio -0.72 Forward PEG N/A
EV/EBITDA 22.46 Fwd EV/EBITDA 12.59
Forward P/S 3.86 Fwd Earnings Yield 1.47%
FCF Yield 10.50%
Market Cap 2.85B Enterprise Value 6.26B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 752.93M 770.34M 858.06M 801.57M 585.67M
Net Income 73.78M 111.52M 156.67M 103.74M 105.25M
EPS (Diluted) 0.70 1.18 1.48 0.99 1.09
Gross Profit 346.06M 558.48M 629.08M 590.54M 430.41M
Operating Income 278.64M 297.16M 336.70M 289.54M 218.24M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 5.08B 5.35B 5.93B 6.07B 5.56B
Total Liabilities 3.55B 3.59B 3.81B 3.68B 3.08B
Shareholders' Equity 946.04M 1.08B 1.42B 1.65B 1.78B
Total Debt 3.43B 3.47B 3.68B 3.58B 2.96B
Cash & Equivalents 23.64M 50.41M 64.98M 35.31M 25.01M
Current Assets 41.67M 89.06M 674.71M 91.03M 50.56M
Current Liabilities 376.67M 561.97M 501.12M 599.59M 571.47M