NSA Stock - National Storage Affiliates Trust
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $770.34M | $858.06M | $801.57M | $585.67M | $432.22M |
| Gross Profit | $558.48M | $629.08M | $590.54M | $430.41M | $308.74M |
| Gross Margin | 72.5% | 73.3% | 73.7% | 73.5% | 71.4% |
| Operating Income | $297.16M | $336.69M | $289.54M | $218.24M | N/A |
| Net Income | $111.52M | $156.67M | $103.74M | $105.25M | $48.61M |
| Net Margin | 14.5% | 18.3% | 12.9% | 18.0% | 11.2% |
| EPS | $1.18 | $2.48 | $0.99 | $1.13 | $0.53 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 5th 2025 | Morgan Stanley | Upgrade | Equal Weight | $32 |
| June 24th 2025 | BNP Paribas Exane | Initiation | Underperform | $33 |
| May 27th 2025 | Morgan Stanley | Downgrade | Underweight | $30 |
| January 10th 2025 | Deutsche Bank | Upgrade | Hold | $38← $40 |
| September 9th 2024 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| March 27th 2024 | Barclays | Initiation | Equal Weight | $39 |
| January 30th 2024 | Deutsche Bank | Initiation | Sell | $33 |
| January 5th 2024 | KeyBanc Capital Markets | Upgrade | Overweight | $45 |
| December 11th 2023 | Evercore ISI | Downgrade | Underperform | $35← $32 |
| August 8th 2023 | Stifel | Downgrade | Hold | $35← $47 |
| June 15th 2023 | Wells Fargo | Initiation | Underweight | $36 |
| June 12th 2023 | Evercore ISI | Downgrade | In-line | $42← $49 |
| May 8th 2023 | BofA Securities | Downgrade | Underperform | $38← $48 |
| April 13th 2023 | Wolfe Research | Downgrade | Underperform | - |
| January 18th 2023 | Wolfe Research | Initiation | Peer Perform | - |
Earnings History & Surprises
NSAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Feb 25, 2026 | $0.55 | — | — | — |
Q4 2025 | Nov 3, 2025 | $0.56 | $0.57 | +1.8% | ✓ BEAT |
Q3 2025 | Aug 4, 2025 | $0.58 | $0.55 | -5.2% | ✗ MISS |
Q2 2025 | May 5, 2025 | $0.56 | $0.54 | -3.6% | ✗ MISS |
Q1 2025 | Feb 26, 2025 | $0.19 | $0.60 | +215.8% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.60 | $0.62 | +3.3% | ✓ BEAT |
Q3 2024 | Aug 5, 2024 | $0.63 | $0.62 | -1.6% | ✗ MISS |
Q2 2024 | May 1, 2024 | $0.32 | $0.65 | +103.1% | ✓ BEAT |
Q1 2024 | Feb 28, 2024 | $0.20 | $0.72 | +260.0% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $0.67 | $0.67 | 0.0% | = MET |
Q3 2023 | Aug 7, 2023 | $0.70 | $0.68 | -2.9% | ✗ MISS |
Q2 2023 | May 1, 2023 | $0.70 | $0.66 | -5.7% | ✗ MISS |
Q1 2023 | Feb 27, 2023 | $0.71 | $0.71 | 0.0% | = MET |
Q4 2022 | Nov 2, 2022 | $0.73 | $0.72 | -1.4% | ✗ MISS |
Q3 2022 | Aug 3, 2022 | $0.71 | $0.71 | 0.0% | = MET |
Q2 2022 | May 4, 2022 | $0.67 | $0.68 | +1.5% | ✓ BEAT |
Q1 2022 | Feb 22, 2022 | $0.61 | $0.64 | +4.9% | ✓ BEAT |
Q4 2021 | Nov 2, 2021 | $0.56 | $0.57 | +1.8% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.51 | $0.55 | +7.8% | ✓ BEAT |
Latest News
Truist Securities Maintains Hold on National Storage, Lowers Price Target to $30
➖ NeutralMizuho Maintains Neutral on National Storage, Lowers Price Target to $30
➖ NeutralMorgan Stanley Upgrades National Storage to Equal-Weight, Raises Price Target to $32
📈 PositiveNational Storage Q3 FFO $0.57 Beats $0.56 Estimate, Sales $188.702M Beat $182.780M Estimate
📈 PositiveNational Storage Affiliates Enters New JV With Investment Real Estate Management
📈 PositiveUBS Maintains Neutral on National Storage, Lowers Price Target to $32
➖ NeutralEvercore ISI Group Maintains Underperform on National Storage, Raises Price Target to $32
📉 NegativeTruist Securities Maintains Hold on National Storage, Lowers Price Target to $32
➖ NeutralFrequently Asked Questions about NSA
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