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StockVS

NYSE · REIT - Industrial · USD

National Storage Affiliates Trust (NSA) Stock Analysis

National Storage Affiliates Trust (NSA) is a REIT - Industrial stock listed on NYSE and quoted in US Dollar.

NSA

$43.41

−$1.09 (−2.45%)

Last trade July 21, 2026

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Price History

Hover for the daily close. The dotted line marks the period open.

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NSA Key Statistics

As of Jul 21, 2026
Trading
Open
$44.20
Previous Close
$44.50
Day's Range
43.06–44.17
52-Week Range
27.43–46.47
Volume
5.87M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
1.06
Valuation
Market Cap
$6.39B
P/E Ratio
57.88
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
116.19
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
8.53
EPS (ttm)Profit attributable to each share over the last twelve months.
0.75
Financials (FY)
Revenue (FY)
$752.93M−2.26%
Net Income (FY)
$73.78M−33.84%
Profit marginThe share of revenue left as profit after all costs and taxes.
10.48%
1-Year Return
+43.23%
Dividend and dates
Dividend
$2.28+5.25%
Avg Volume
1.35M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

NSA Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+53.88%
2025−20.19%
2024 (partial year)+1.91%

As of July 21, 2026.

NSA Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$752.93M$73.78M9.8%
2024$770.34M$111.52M14.5%
2023$858.06M$156.67M18.3%
2022$801.57M$103.74M12.9%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$752.93M$535.38M$278.64M$73.78M9.8%
2024$770.34M$558.48M$297.16M$111.52M14.5%
2023$858.06M$629.08M$336.70M$156.67M18.3%
2022$801.57M$590.54M$289.54M$103.74M12.9%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

NSA Valuation vs REIT - Industrial Median

Median of 18 stocks
MetricNSAREIT - Industrial medianvs median
P/E57.8829.7994% above
P/S ratio8.538.451% above
Profit margin10.48%27.67%17.2 pts below

Medians across 18 REIT - Industrial stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

National Storage Affiliates Trust (NSA) carries a market capitalisation of $6.39B. The company sits in the Real Estate sector, in the REIT - Industrial industry. The company reports 1,458 employees.

The most recent close on file for NSA is $43.41, dated July 21, 2026. That is −$1.09 (−2.45%) against the previous close. Over the past 52 weeks the price has ranged from $27.43 to $46.47. The latest close sits 58.26% above that 52-week low.

Financial Health

In fiscal 2025, National Storage Affiliates Trust reported revenue of $752.93M. Against the prior fiscal year total of $770.34M, that is a change of −2.26%. Net income for the same year was $73.78M. That is −33.84% against the prior fiscal year. The reported profit margin is 10.48%. That is 17.2 percentage points below the REIT - Industrial median of 27.67%. Earnings per share on a trailing basis come to 0.75.

Across the 4 fiscal years on file, revenue moves from $801.57M in 2022 to $752.93M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 57.88 times earnings. That is 94.33% above the REIT - Industrial median of 29.79. The forward P/E on file is 116.19. Measured against sales, the shares trade at 8.53 times revenue. On price-to-sales that is 0.9% above the REIT - Industrial median of 8.45. The medians here are taken across 18 REIT - Industrial companies that report the metric.

The trailing one-year price return is +43.23%. The stored price history starts on December 19, 2024, and the total return since then is +25.15%. Beta against the wider market is reported at 1.06. Annualized volatility over the trailing 1 year is 39.81%.

Growth & Income

The trailing dividend yield is 5.25%. That is 0.6 percentage points above the REIT - Industrial median yield of 4.61%. At the indicated rate that is $2.28 a share a year.

The record holds one complete calendar year, 2025, which returned −20.19%. So far in 2026 the price is +53.88%.

Peer Comparison

National Storage Affiliates Trust (NSA) operates in the REIT - Industrial industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
National Storage Affiliates Trust NSA $6.39B 57.9
Prologis, Inc. PLD $133.51B 30.6
Public Storage PSA $56.40B 28.8
Extra Space Storage Inc. EXR $30.73B 31.1

The REIT - Industrial industry average P/E ratio is 29.8x. National Storage Affiliates Trust trades at a P/E of 57.9.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of July 21, 2026.

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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 March 31, 2026, the Company held ownership interests in and operated 1,061 self storage properties, located in 37 states and Puerto Rico with approximately 69.3 million rentable square feet, excluding three properties classified as held for sale, that were sold to a third party in April 2026. 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.

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