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, 2025, the Company held ownership interests in and operated 1,075 self storage properties, located in 41 states and Puerto Rico with approximately 70.2 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.
Market Headwinds | National Storage Affiliates Trust faces challenges in the self-storage sector, including fluctuating demand and regional supply imbalances, impacting its financial performance. |
Financial Resilience | Despite revenue decline, NSA maintains a robust 74.3% gross profit margin. The company's dividend yield stands at 5.5%, with a decade of consecutive increases. |
Strategic Maneuvers | Explore NSA's focus on PRO internalization and strategic acquisitions, potentially driving operational efficiencies and market expansion in a competitive landscape. |
Analyst Outlook | Barclays adjusts price targets from $38 to $46, reflecting evolving market conditions. NSA's ability to navigate challenges may influence future valuations. |
Metrics to compare | NSA | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipNSAPeersSector | |
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P/E Ratio | 48.8x | −4.2x | 8.9x | |
PEG Ratio | −0.78 | −0.87 | 0.01 | |
Price/Book | 5.9x | 1.1x | 0.9x | |
Price / LTM Sales | 5.2x | 1.6x | 3.9x | |
Upside (Analyst Target) | 15.4% | 18.1% | 12.8% | |
Fair Value Upside | Unlock | 6.1% | 0.4% | Unlock |