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Buy Day today: Neutral (53) Mixed market breadth · no major macro event

National Storage Affiliates Trust (NSA)

Real Estate REIT - Industrial
43.40 $
Closing price · As of: 21. Jul 2026
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Basics

Market Cap
6.5$B
Shares Outstanding
77Mio.
Float
92.2%
Beta
1.1

Performance

Perf. 1M
5.80%
Perf. 3M
23.90%
Perf. 6M
68.50%
YTD Performance (%)
64.40%
52-Week-High Distance
-3.5%

Valuation

P/E
Forward P/E
74.1
PEG
1.7
P/B
P/S
8.6
EV/EBITDA
15.4
Price/FCF
21.7

Profitability

Gross Margin
76.8%
EBIT Margin
35.8%
Net Margin
10.5%
Return on Equity
7.9%
Return on Assets
3.4%

Balance Sheet & Safety

Equity Ratio
18.1%
Debt/Equity
Altman Z″
2.84
Piotroski
7 out of 9

Growth

Sales Growth Last Quarter
18.00%
EPS Growth Last Quarter
236.60%
Sales Growth (Year)
-2.26%
Forward Sales Growth
3.55%
Forward EPS Growth
13.10%

Dividend

Dividend Yield
4.95%
Dividend Per Share (TTM)
2.31$
Payout Ratio
3.0%
Years Without a Cut
10Years
Increase Streak
10Years

Quality & Screener

Stage
2
RS Rating
81
Top 10%
EPS Rating
91
Piotroski
7 out of 9
Fundamental Rating
C (54 out of 100)
Altman Z″
2.84

AI Rating

Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available. How the Rating Is Built

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Sales Per Quarter ($M)
2024: Q4 · 190.1 $M Q4 2025: Q1 · 188.4 $M Q1 2025: Q2 · 188.8 $M Q2 2025: Q3 · 188.7 $M Q3 2025: Q4 · 187.0 $M Q4 2026: Q1 · 185.4 $M Q1
Earnings Per Share Per Quarter ($)
2024: Q4 · 0.22 $ Q4 2025: Q1 · 0.17 $ Q1 2025: Q2 · 0.25 $ Q2 2025: Q3 · 0.24 $ Q3 2025: Q4 · 0.30 $ Q4 2026: Q1 · 0.23 $ Q1
Net Margin Per Quarter (%)
2024: Q4 · 8.8 % Q4 2025: Q1 · 6.9 % Q1 2025: Q2 · 10.3 % Q2 2025: Q3 · 9.8 % Q3 2025: Q4 · 12.2 % Q4 2026: Q1 · 9.6 % Q1
Operating Cash Flow Per Quarter ($M)
2024: Q4 · 80.1 $M Q4 2025: Q1 · 85.6 $M Q1 2025: Q2 · 79.9 $M Q2 2025: Q3 · 100.2 $M Q3 2025: Q4 · 72.8 $M Q4 2026: Q1 · 87.4 $M Q1
Free Cash Flow Per Quarter ($M)
2024: Q4 · 74.3 $M Q4 2025: Q1 · 79.8 $M Q1 2025: Q2 · 73.5 $M Q2 2025: Q3 · 87.9 $M Q3 2025: Q4 · 58.6 $M Q4 2026: Q1 · 76.8 $M Q1
Sales Growth vs. Year-Ago Quarter (%)
2024: Q4 · -11.7 % Q4 2025: Q1 · -4.0 % Q1 2025: Q2 · -0.8 % Q2 2025: Q3 · -2.5 % Q3 2025: Q4 · -1.6 % Q4 2026: Q1 · -1.6 % Q1
EPS Growth vs. Year-Ago Quarter (%)
2024: Q4 · -55.4 % Q4 2025: Q1 · -60.2 % Q1 2025: Q2 · 12.2 % Q2 2025: Q3 · -2.7 % Q3 2025: Q4 · 36.7 % Q4 2026: Q1 · 35.6 % Q1
Price Change in Quarter (%)
2024: Q4 · -20.3 % Q4 2025: Q1 · 5.6 % Q1 2025: Q2 · -17.4 % Q2 2025: Q3 · -3.8 % Q3 2025: Q4 · -4.8 % Q4 2026: Q1 · 36.3 % Q1

Quarterly Figures

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 0.22 -55.40 190 -11.70 8.80 80 74
2025: Q1 0.17 -60.20 188 -4.00 6.90 86 80
2025: Q2 0.25 12.20 189 -0.80 10.30 80 74
2025: Q3 0.24 -2.70 189 -2.50 9.80 100 88
2025: Q4 0.30 36.70 187 -1.60 12.20 73 59
2026: Q1 0.23 35.60 185 -1.60 9.60 87 77
What Do These Terms Mean?
EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

About the Company

National Storage Affiliates Trust ist ein Immobilien-Investmenttrust mit Sitz in Greenwood Village, Colorado, mit Fokus auf Eigentum, Betrieb und Erwerb von Self-Storage-Immobilien, die überwiegend in den 100 größten Metropolregionen der USA liegen.

Employees1,458
HeadquartersGreenwood Village, CO
Websitenationalstorageaffiliates.com
IPO Date23. Apr 2015
Next Earnings3. Aug 2026

Management

Management
Name Title Birth Year
Tamara D. Fischer B.A., CPA Executive Chairperson 1956
David G. Cramer President, CEO & Trustee 1965
Brandon S. Togashi BSBA, CPA Executive VP, CFO & Treasurer 1984
Tiffany S. Kenyon Executive VP, Chief Legal Officer & Secretary 1975
William S. Cowan Jr. Executive VP & Chief Strategy Officer 1976
John J. Esbenshade Senior VP, Chief Accounting Officer & Controller
George Andrew Hoglund CFA Vice President of Investor Relations
Melissa M. Cameron Senior VP & Chief Marketing Officer
Pam Valentine Senior Vice President of People Operations

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Insider Transactions

Insider Transactions
Date Person Role Type Shares Price Value
22. Jul 2026 Wu Charles F Director Other 4,703
22. Jul 2026 Togashi Brandon Chief Financial Officer Other 17,212
22. Jul 2026 Togashi Brandon Chief Financial Officer Other 16,962
22. Jul 2026 Schall Michael J Director Other 11,291
22. Jul 2026 Palazzo Dominic M Director Other 5,056
22. Jul 2026 Osgood Steven G Director Other 5,232
22. Jul 2026 Nordhagen Arlen Dale Vice Chairperson Other 8,689
22. Jul 2026 Nordhagen Arlen Dale Vice Chairperson Other 24,066
22. Jul 2026 Nordhagen Arlen Dale Vice Chairperson Other 145,504
22. Jul 2026 Nordhagen Arlen Dale Vice Chairperson Other 3,817,257

Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.

View all insider transactions →

Chart

Interactive price chart (TradingView).

Data as of: July 21, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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