
NSA
National Storage Affiliates Trust
- Overview
- Forecast
- Valuation
- Earnings

Line
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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

+0.64%
In Past 3 Month
Stock Price
Go Down

-19.04%
In Past 3 Month
10 Analyst Rating

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

22.76% Upside
Current: 30.140

Low
30.00
Averages
37.00
High
41.00

22.76% Upside
Current: 30.140

Low
30.00
Averages
37.00
High
41.00
Wells Fargo
Eric Luebchow
Underweight
downgrade
$38 -> $35
2025-07-23
Reason
Wells Fargo
Eric Luebchow
Price Target
$38 -> $35
2025-07-23
downgrade
Underweight
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
Price Target
$33
2025-06-24
initiated
Underperform
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
Price Target
$39 -> $30
2025-05-27
downgrade
Equal Weight -> Underweight
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
Ki Bin Kim
Price Target
$39 -> $37
2025-05-19
downgrade
Hold
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
Ravi Vaidya
Price Target
$35
2025-04-09
Initiates
Hold
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
Wesley Golladay
Price Target
$42 → $39
2025-03-13
Maintains
Hold
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.
See All Ratings
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
The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair
5Y Average PE
70.94
Current PE
45.80
Overvalued PE
140.21
Undervalued PE
1.68
Forward EV/EBITDA
The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair
5Y Average EV/EBITDA
15.37
Current EV/EBITDA
14.07
Overvalued EV/EBITDA
16.78
Undervalued EV/EBITDA
13.95
Forward PS
The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

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
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
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

2025-05-05
16:30:36
National Storage reports Q1 FFO 54c, consensus 56c

2025-02-26 (ET)
2025-02-26
16:19:52
National Storage sees FY25 core EPS $2.30-$2.38, consensus $2.40

Sign Up For More Events
Sign Up For More Events
News
6.5
07-17NASDAQ.COMAnalysts Anticipate FMDE Will Reach $38
3.0
07-04NASDAQ.COMEXR Rallies 15% in 3 Months: Time to Buy, Hold or Sell the Stock?
5.0
06-26NASDAQ.COMNational Storage Affiliates Trust Named Top Dividend Stock With Insider Buying and 7.09% Yield (NSA)
Sign Up For More News
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FAQ

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.

What is National Storage Affiliates Trust (NSA)'s business?

What is the price predicton of NSA Stock?

What is National Storage Affiliates Trust (NSA)'s revenue for the last quarter?

What is National Storage Affiliates Trust (NSA)'s earnings per share (EPS) for the last quarter?

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

How many employees does National Storage Affiliates Trust (NSA). have?
