First Trust Establishes New Position in National Storage Affiliates Trust
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: Fool
- New Position Established: First Trust Capital Management established a new position in National Storage Affiliates Trust (NSA) during Q1 2026, acquiring approximately 1,814,200 shares valued at about $61.29 million, indicating confidence in this REIT.
- Quarter-End Valuation: The position's value at quarter-end was $68.47 million, reflecting the impact of stock price fluctuations and trading activity, suggesting First Trust's optimism regarding NSA's future performance.
- Strong Earnings Growth: National Storage Affiliates reported a 42% year-over-year increase in net income to $27.7 million for Q1, while core FFO per share rose 5.6% to $0.57, demonstrating robust operational capabilities in the self-storage market.
- Industry Consolidation Opportunity: NSA is planning to be acquired by Public Storage in a deal valued at approximately $10.5 billion, and First Trust's investment may reflect a bet on this industry consolidation, showcasing confidence in its high-quality asset portfolio.
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Analyst Views on NSA
Wall Street analysts forecast NSA stock price to fall
10 Analyst Rating
0 Buy
6 Hold
4 Sell
Moderate Sell
Current: 43.420
Low
30.00
Averages
37.00
High
41.00
Current: 43.420
Low
30.00
Averages
37.00
High
41.00
About NSA
National Storage Affiliates Trust is an integrated, self-administered, and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas across the United States. The Company owns approximately 1,074 self-storage properties, located in 42 states and Puerto Rico, comprising approximately 70.2 million rentable square feet in approximately 5,52,000 storage units. The properties are managed with a local operational focus of the Company and its participating regional operators (PROs). The Company also managed through its property management platform an additional portfolio of approximately 259 properties owned by the Company's unconsolidated real estate ventures. These properties contain approximately 18.0 million rentable square feet, in approximately 143,000 storage units and located across 24 states. The Company’s operating partnership subsidiary is NSA OP, LP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
First Trust Establishes New Position in National Storage Affiliates Trust
- New Position Established: First Trust Capital Management established a new position in National Storage Affiliates Trust (NSA) during Q1 2026, acquiring approximately 1,814,200 shares valued at about $61.29 million, indicating confidence in this REIT.
- Quarter-End Valuation: The position's value at quarter-end was $68.47 million, reflecting the impact of stock price fluctuations and trading activity, suggesting First Trust's optimism regarding NSA's future performance.
- Strong Earnings Growth: National Storage Affiliates reported a 42% year-over-year increase in net income to $27.7 million for Q1, while core FFO per share rose 5.6% to $0.57, demonstrating robust operational capabilities in the self-storage market.
- Industry Consolidation Opportunity: NSA is planning to be acquired by Public Storage in a deal valued at approximately $10.5 billion, and First Trust's investment may reflect a bet on this industry consolidation, showcasing confidence in its high-quality asset portfolio.
See More
First Trust Acquires National Storage Affiliates Shares Worth $61.29 Million
- New Position Established: First Trust Capital Management established a new position in National Storage Affiliates during Q1, acquiring 1,814,200 shares valued at an estimated $61.29 million, indicating confidence in this REIT.
- Quarter-End Valuation Growth: The position's value reached $68.47 million at quarter-end, reflecting the impact of stock price changes and trading activity, suggesting First Trust's long-term optimism about this asset.
- Strong Performance: National Storage Affiliates reported a 42% year-over-year increase in net income to $27.7 million for Q1, with core FFO per share rising 5.6% to $0.57, demonstrating operational strength in high-demand markets.
- Acquisition Catalyst: The upcoming $10.5 billion acquisition by Public Storage may have influenced First Trust's investment, as management has ceased formal guidance due to the merger, highlighting the potential for industry consolidation benefits.
See More
Land & Buildings Adjusts Portfolio with New Stakes and Reductions
- New Investment Portfolio: In Q1 2026, Land & Buildings established a new position in Invitation Homes (INVH) with 1.97 million shares valued at $48.9 million, indicating confidence in the real estate market and a pursuit of stable income sources.
- Reductions and Increases: The firm trimmed its stake in Six Flags Entertainment (FUN) from 1.74 million shares to 642,000 shares, reducing its value to $11.4 million, reflecting a cautious outlook on the entertainment company's prospects, while increasing its stake in Curbline Properties (CURB) to 905,000 shares valued at $23.3 million, recognizing the growth potential of this property management firm.
- Exit from Investments: Land & Buildings exited its positions in National Storage Affiliates (NSA), American Homes 4 Rent (AMH), and Centerspace (CSR), demonstrating a reassessment of these assets' liquidity and market conditions, potentially freeing up capital for future investment opportunities.
- New Positions Established: Additionally, the firm built new stakes in Lamar Advertising (LAMR) and Digital Realty Trust (DLR), holding 134,000 shares and 114,000 shares valued at $17 million and $20.6 million respectively, indicating optimism towards the advertising and data center sectors.
See More
National Storage Affiliates Declares Quarterly Dividend
- Quarterly Dividend Announcement: National Storage Affiliates (NSA) has declared a quarterly dividend of $0.57 per share, consistent with previous distributions, indicating stable cash flow and profitability, which is likely to attract more investor interest.
- Yield Performance: The forward yield of 5.36% presents an appealing opportunity in the current market environment, potentially enhancing demand for the company's stock and boosting investor confidence.
- Shareholder Record Dates: The dividend will be payable on June 30, with a record date of June 15 and an ex-dividend date also set for June 15, ensuring shareholders receive their earnings in a timely manner.
- Market Reaction Expectations: Following the dividend announcement, NSA's stock is expected to respond positively, potentially driving a short-term increase in share price and further solidifying its market position in the self-storage industry.
See More
Analysis of National Storage Affiliates Preferred Shares Performance
- Stock Performance: National Storage Affiliates Trust's preferred shares (NSA.PRA) fell approximately 0.7% on Monday, while common shares (NSA) decreased by about 0.3%, indicating relative stability of preferred shares amid market fluctuations.
- Dividend History: The dividend history chart for NSA.PRA shows consistent dividend payments over the past year, enhancing investor confidence in the stability of returns from this investment.
- Market Reaction: Despite declines in both preferred and common shares, the smaller drop in preferred shares suggests ongoing demand from investors, potentially reflecting confidence in the company's financial health.
- Investor Perspectives: The views expressed are those of the author and do not necessarily reflect those of Nasdaq, Inc., indicating that investors should consider multiple sources of information when making investment decisions.
See More
InvenTrust's Sale of NSA Shares: Impact Analysis
- Share Sale Overview: InvenTrust Properties sold 297,700 shares of National Storage Affiliates Trust (NSA) in Q1, with an estimated transaction value of $10.06 million, reflecting the company's asset management strategy amid market fluctuations.
- Quarter-End Valuation Decline: The quarter-end position value decreased by $8.42 million, indicating the dual impact of trading activity and share price movements, which suggests challenges in liquidity management under the current market conditions.
- Financial Performance Highlights: Despite market pressures, NSA reported a 41.8% year-over-year increase in net income to $27.7 million for Q1, while core FFO rose 4.6% to $76.8 million, demonstrating the company's resilience and profitability in the self-storage sector.
- Acquisition Deal Impact: NSA is set to be acquired by Public Storage in an all-stock deal valued at approximately $10.5 billion, leading some investors to lock in gains and reallocate capital, reflecting a cautious market sentiment regarding future growth potential.
See More
First Trust Establishes New Position in National Storage Affiliates Trust
- New Position Established: First Trust Capital Management established a new position in National Storage Affiliates Trust (NSA) during Q1 2026, acquiring approximately 1,814,200 shares valued at about $61.29 million, indicating confidence in this REIT.
- Quarter-End Valuation: The position's value at quarter-end was $68.47 million, reflecting the impact of stock price fluctuations and trading activity, suggesting First Trust's optimism regarding NSA's future performance.
- Strong Earnings Growth: National Storage Affiliates reported a 42% year-over-year increase in net income to $27.7 million for Q1, while core FFO per share rose 5.6% to $0.57, demonstrating robust operational capabilities in the self-storage market.
- Industry Consolidation Opportunity: NSA is planning to be acquired by Public Storage in a deal valued at approximately $10.5 billion, and First Trust's investment may reflect a bet on this industry consolidation, showcasing confidence in its high-quality asset portfolio.
See More
First Trust Acquires National Storage Affiliates Shares Worth $61.29 Million
- New Position Established: First Trust Capital Management established a new position in National Storage Affiliates during Q1, acquiring 1,814,200 shares valued at an estimated $61.29 million, indicating confidence in this REIT.
- Quarter-End Valuation Growth: The position's value reached $68.47 million at quarter-end, reflecting the impact of stock price changes and trading activity, suggesting First Trust's long-term optimism about this asset.
- Strong Performance: National Storage Affiliates reported a 42% year-over-year increase in net income to $27.7 million for Q1, with core FFO per share rising 5.6% to $0.57, demonstrating operational strength in high-demand markets.
- Acquisition Catalyst: The upcoming $10.5 billion acquisition by Public Storage may have influenced First Trust's investment, as management has ceased formal guidance due to the merger, highlighting the potential for industry consolidation benefits.
See More
Land & Buildings Adjusts Portfolio with New Stakes and Reductions
- New Investment Portfolio: In Q1 2026, Land & Buildings established a new position in Invitation Homes (INVH) with 1.97 million shares valued at $48.9 million, indicating confidence in the real estate market and a pursuit of stable income sources.
- Reductions and Increases: The firm trimmed its stake in Six Flags Entertainment (FUN) from 1.74 million shares to 642,000 shares, reducing its value to $11.4 million, reflecting a cautious outlook on the entertainment company's prospects, while increasing its stake in Curbline Properties (CURB) to 905,000 shares valued at $23.3 million, recognizing the growth potential of this property management firm.
- Exit from Investments: Land & Buildings exited its positions in National Storage Affiliates (NSA), American Homes 4 Rent (AMH), and Centerspace (CSR), demonstrating a reassessment of these assets' liquidity and market conditions, potentially freeing up capital for future investment opportunities.
- New Positions Established: Additionally, the firm built new stakes in Lamar Advertising (LAMR) and Digital Realty Trust (DLR), holding 134,000 shares and 114,000 shares valued at $17 million and $20.6 million respectively, indicating optimism towards the advertising and data center sectors.
See More
National Storage Affiliates Declares Quarterly Dividend
- Quarterly Dividend Announcement: National Storage Affiliates (NSA) has declared a quarterly dividend of $0.57 per share, consistent with previous distributions, indicating stable cash flow and profitability, which is likely to attract more investor interest.
- Yield Performance: The forward yield of 5.36% presents an appealing opportunity in the current market environment, potentially enhancing demand for the company's stock and boosting investor confidence.
- Shareholder Record Dates: The dividend will be payable on June 30, with a record date of June 15 and an ex-dividend date also set for June 15, ensuring shareholders receive their earnings in a timely manner.
- Market Reaction Expectations: Following the dividend announcement, NSA's stock is expected to respond positively, potentially driving a short-term increase in share price and further solidifying its market position in the self-storage industry.
See More
Analysis of National Storage Affiliates Preferred Shares Performance
- Stock Performance: National Storage Affiliates Trust's preferred shares (NSA.PRA) fell approximately 0.7% on Monday, while common shares (NSA) decreased by about 0.3%, indicating relative stability of preferred shares amid market fluctuations.
- Dividend History: The dividend history chart for NSA.PRA shows consistent dividend payments over the past year, enhancing investor confidence in the stability of returns from this investment.
- Market Reaction: Despite declines in both preferred and common shares, the smaller drop in preferred shares suggests ongoing demand from investors, potentially reflecting confidence in the company's financial health.
- Investor Perspectives: The views expressed are those of the author and do not necessarily reflect those of Nasdaq, Inc., indicating that investors should consider multiple sources of information when making investment decisions.
See More
InvenTrust's Sale of NSA Shares: Impact Analysis
- Share Sale Overview: InvenTrust Properties sold 297,700 shares of National Storage Affiliates Trust (NSA) in Q1, with an estimated transaction value of $10.06 million, reflecting the company's asset management strategy amid market fluctuations.
- Quarter-End Valuation Decline: The quarter-end position value decreased by $8.42 million, indicating the dual impact of trading activity and share price movements, which suggests challenges in liquidity management under the current market conditions.
- Financial Performance Highlights: Despite market pressures, NSA reported a 41.8% year-over-year increase in net income to $27.7 million for Q1, while core FFO rose 4.6% to $76.8 million, demonstrating the company's resilience and profitability in the self-storage sector.
- Acquisition Deal Impact: NSA is set to be acquired by Public Storage in an all-stock deal valued at approximately $10.5 billion, leading some investors to lock in gains and reallocate capital, reflecting a cautious market sentiment regarding future growth potential.
See More
