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NSA

National Storage Affiliates Trust
$
30.140
-0.7(-2.270%)1D
  • Overview
  • Forecast
  • Valuation
  • Earnings
Line
Line
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Candle
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
30.660
Open
30.580
VWAP
30.49
Vol
28.64K
Mkt Cap
3.07B
Low
30.140
Amount
873.29K
EV/EBITDA(TTM)
14.41
Total Shares
74.96M
EV
6.92B
EV/OCF(TTM)
19.52
P/S(TTM)
3.27
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.
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Market Estimates

Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2025Q3
FY2025Q2
190.07M
-0.02%
--
--
189.28M
-2.24%
--
--
187.38M
-1.61%
--
--
Estimates Revision
The market is revising Upward the revenue expectations for National Storage Affiliates Trust (NSA) for FY2025, with the revenue forecasts being adjusted by 0.64% over the past three months. During the same period, the stock price has changed by -19.04%.
Revenue Estimates for FY2025
Revise Upward
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+0.64%
In Past 3 Month
Stock Price
Go Down
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-19.04%
In Past 3 Month
10 Analyst Rating
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22.76% Upside
Wall Street analysts forecast NSA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NSA is 37.00 USD with a low forecast of 30.00 USD and a high forecast of 41.00  USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
6 Hold
4 Sell
Moderate Sell
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22.76% Upside
Current: 30.140
sliders
Low
30.00
Averages
37.00
High
41.00
Wells Fargo
Eric Luebchow
Underweight
downgrade
$38 -> $35
2025-07-23
Reason
Wells Fargo analyst Eric Luebchow lowered the firm's price target on National Storage to $35 from $38 and keeps an Underweight rating on the shares. The firm leans slightly more constructive on storage into earnings, with likely select guidance raises even despite choppy move-in rate data in June/July. Fundamentals appear to have bottomed, even if near-term growth is likely to remain muted, Wells adds.
BNP Paribas Exane
Underperform
initiated
$33
2025-06-24
Reason
BNP Paribas Exane initiated coverage of National Storage with an Underperform rating and $33 price target.
Morgan Stanley
Equal Weight -> Underweight
downgrade
$39 -> $30
2025-05-27
Reason
Morgan Stanley downgraded National Storage to Underweight from Equal Weight with a price target of $30, down from $39. The firm says job openings dropped 12.4% year-over-year in Q2-to-date, which is a headwind to demand. National Storage's submarkets face the greatest headwinds, with lowest population density, household income and job openings versus peers given its secondary market focus, the analyst tells investors in a research note. Morgan Stanley cites the company's portfolio positioning versus peers, its higher leverage, and potential dividend risk for the downgrade.
Truist
Ki Bin Kim
Hold
downgrade
$39 -> $37
2025-05-19
Reason
Truist analyst Ki Bin Kim lowered the firm's price target on National Storage to $37 from $39 and keeps a Hold rating on the shares as part of a broader research note on REIT's. The firm is updating its model to reflect Q1 results, recent events and adjusted revenue growth and expense assumptions, the analyst tells investors in a research note.
Mizuho
Ravi Vaidya
Hold
Initiates
$35
2025-04-09
Reason
Mizuho analyst Ravi Vaidya initiated coverage of National Storage with a Neutral rating and $35 price target as part of a broader research note launching coverage on self-storage REITs. The firm is constructive on the subsector on a longer-term basis given its high net operating income margin, low CapEx needs, and numerous demand drivers, though in the short-term, Mizuho sees storage industry fundamentals remaining challenged due to supply and demand headwinds, and current valuation that appears fair given limited visibility. For National Storage, Mizuho says its fundamentals have lagged peers historically, leverage remains high, and capital deployment timing remains uncertain.
Baird
Wesley Golladay
Hold
Maintains
$42 → $39
2025-03-13
Reason
Baird lowered the firm's price target on National Storage to $39 from $42 and keeps a Neutral rating on the shares. The firm updated it model following Q4 results where it is looking for improvement throughout the year.

Valuation Metrics

The current forward P/E ratio for National Storage Affiliates Trust (NSA.N) is 45.80, compared to its 5-year average forward P/E of 70.94. For a more detailed relative valuation and DCF analysis to assess National Storage Affiliates Trust 's fair value, click here.

Forward PE

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Fair
5Y Average PE
70.94
Current PE
45.80
Overvalued PE
140.21
Undervalued PE
1.68

Forward EV/EBITDA

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Fair
5Y Average EV/EBITDA
15.37
Current EV/EBITDA
14.07
Overvalued EV/EBITDA
16.78
Undervalued EV/EBITDA
13.95

Forward PS

StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
Undervalued
5Y Average PS
5.03
Current PS
3.40
Overvalued PS
6.56
Undervalued PS
3.50

Financials

Annual
Quarterly
FY2025Q1
YoY :
-3.97%
188.35M
Total Revenue
FY2025Q1
YoY :
-9.93%
67.51M
Operating Profit
FY2025Q1
YoY :
-79.47%
19.52M
Net Income after Tax
FY2025Q1
YoY :
-84.62%
0.10
EPS - Diluted
FY2025Q1
YoY :
-23.78%
67.37M
Free Cash Flow
FY2025Q1
YoY :
-5.81%
45.20
Gross Profit Margin - %
FY2025Q1
YoY :
-26.43%
29.39
FCF Margin - %
FY2025Q1
YoY :
-78.63%
10.36
Net Margin - %
FY2025Q1
YoY :
-32.80%
4.20
ROIC

Trading Trends

Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
0.0
Volume
0
6-9
Months
0.0
Volume
0
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
1
406.4K
Volume
Months
6-9
0
0.0
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months

NSA News & Events

Events Timeline

2025-05-05 (ET)
2025-05-05
16:33:57
National Storage affirms FY25 FFO view of $2.30-$2.38, consensus $2.32
select
2025-05-05
16:30:36
National Storage reports Q1 FFO 54c, consensus 56c
select
2025-02-26 (ET)
2025-02-26
16:19:52
National Storage sees FY25 core EPS $2.30-$2.38, consensus $2.40
select
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News

6.5
07-17NASDAQ.COM
Analysts Anticipate FMDE Will Reach $38
3.0
07-04NASDAQ.COM
EXR Rallies 15% in 3 Months: Time to Buy, Hold or Sell the Stock?
5.0
06-26NASDAQ.COM
National Storage Affiliates Trust Named Top Dividend Stock With Insider Buying and 7.09% Yield (NSA)
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FAQ

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What is National Storage Affiliates Trust (NSA) stock price today?

The current price of NSA is 30.14 USD — it has decreased -2.27 % in the last trading day.

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What changes have occurred in the market's expectations for National Storage Affiliates Trust (NSA)'s fundamentals?

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