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Upturn AI SWOT - About
NSA 
National Storage Affiliates Trust (NSA)
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Stock price based on last close (see disclosures)
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Upturn Advisory Summary
08/29/2025: NSA (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Number of Analysts
15 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $34.5
1 Year Target Price $34.5
| 1 | Strong Buy |
| 0 | Buy |
| 9 | Hold |
| 1 | Sell |
| 4 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 1.4% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/29/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.74B USD | Price to earnings Ratio 51.98 | 1Y Target Price 34.5 |
Price to earnings Ratio 51.98 | 1Y Target Price 34.5 | ||
Volume (30-day avg) 15 | Beta 1.13 | 52 Weeks Range 28.02 - 47.21 | Updated Date 08/30/2025 |
52 Weeks Range 28.02 - 47.21 | Updated Date 08/30/2025 | ||
Dividends yield (FY) 7.11% | Basic EPS (TTM) 0.62 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-08-04 | When - | Estimate 0.2 | Actual 0.19 |
Profitability
Profit Margin 9.16% | Operating Margin (TTM) 33.7% |
Management Effectiveness
Return on Assets (TTM) 3.09% | Return on Equity (TTM) 6.16% |
Valuation
Trailing PE 51.98 | Forward PE 65.36 | Enterprise Value 6214313593 | Price to Sales(TTM) 6.4 |
Enterprise Value 6214313593 | Price to Sales(TTM) 6.4 | ||
Enterprise Value to Revenue 8.17 | Enterprise Value to EBITDA 13.45 | Shares Outstanding 76765000 | Shares Floating 70616256 |
Shares Outstanding 76765000 | Shares Floating 70616256 | ||
Percent Insiders 8.06 | Percent Institutions 94.21 |
Upturn AI SWOT
National Storage Affiliates Trust
Company Overview
History and Background
National Storage Affiliates Trust (NSA) was founded in 2013. It is a self-administered and self-managed real estate investment trust (REIT) focused on the ownership, operation, and acquisition of self-storage properties in the top 100 metropolitan statistical areas (MSAs) throughout the United States.
Core Business Areas
- Self-Storage Ownership and Operation: NSA owns and operates a diversified portfolio of self-storage properties across multiple states. They generate revenue through rental income from storage units.
- Third-Party Management: NSA provides third-party management services to independent owners and operators of self-storage facilities.
Leadership and Structure
NSA is led by a board of trustees and an executive management team. Arlen D. Nordhagen serves as the Chief Executive Officer. The organizational structure includes departments for operations, finance, acquisitions, and property management.
Top Products and Market Share
Key Offerings
- Self-Storage Units: NSA offers a variety of storage unit sizes to accommodate different customer needs. Market share information is difficult to pinpoint exactly, but they are a significant player. Competitors include Public Storage (PSA), Extra Space Storage (EXR), and Life Storage (LSI).
- Third-Party Management Services: NSA provides management services to independent owners, leveraging its brand and operational expertise. Competitors include the management arms of Public Storage, Extra Space Storage and CubeSmart (CUBE).
Market Dynamics
Industry Overview
The self-storage industry is generally considered to be fragmented and recession-resistant, driven by life events, relocation, and downsizing trends. Demand is influenced by factors like population growth, housing market conditions, and economic activity.
Positioning
NSA differentiates itself through its Participating Regional Operator (PRO) structure, which allows regional operators to retain an ownership stake in the portfolio. This aligns incentives and encourages operational excellence.
Total Addressable Market (TAM)
The US self-storage market is estimated to be worth over $50 billion annually. NSA is positioned to capture a portion of this market through acquisitions, development, and third-party management. Their PRO structure provides access to local markets and operators, potentially enhancing their TAM capture.
Upturn SWOT Analysis
Strengths
- Participating Regional Operator (PRO) structure
- Diversified portfolio
- Experienced management team
- Strong acquisition track record
Weaknesses
- Reliance on acquisitions for growth
- Exposure to economic cycles
- Competition from larger REITs
- Debt levels
Opportunities
- Further acquisitions in fragmented markets
- Expansion of third-party management business
- Development of new storage facilities
- Technological advancements in facility management
Threats
- Increased competition
- Rising interest rates
- Economic downturn
- Oversupply of storage units in certain markets
Competitors and Market Share
Key Competitors
- PSA
- EXR
- LSI
- CUBE
Competitive Landscape
NSA's PRO structure provides a competitive advantage by aligning incentives with regional operators. However, PSA and EXR have larger scale and brand recognition. The competitive landscape is intense, with players vying for market share through acquisitions, development, and operational efficiencies.
Major Acquisitions
Simply Self Storage Portfolio
- Year: 2023
- Acquisition Price (USD millions): 1325
- Strategic Rationale: Expanded NSA's presence in key markets and added high-quality properties to its portfolio.
Growth Trajectory and Initiatives
Historical Growth: NSA has grown significantly through acquisitions and organic growth. The PRO structure has facilitated expansion into new markets.
Future Projections: Analyst projections vary depending on market conditions and company performance. Requires access to analyst reports.
Recent Initiatives: Recent initiatives likely include acquisitions, property development, and technology investments to improve operational efficiency.
Summary
National Storage Affiliates Trust is a significant player in the self-storage industry, leveraging its unique PRO structure for growth. The company has a strong acquisition track record, but faces competition from larger REITs. Economic downturns and rising interest rates pose potential challenges. The future growth relies on continued acquisitions and improvements in operational efficiency.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (10-K, 10-Q), Investor Presentations, Press Releases, Industry Reports, Analyst Reports (FactSet, S&P Capital IQ)
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and past performance is not indicative of future results. The data provided is based on available information and may contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About National Storage Affiliates Trust
Exchange NYSE | Headquaters Greenwood Village, CO, United States | ||
IPO Launch date 2015-04-23 | President, CEO & Trustee Mr. David G. Cramer | ||
Sector Real Estate | Industry REIT - Industrial | Full time employees 1466 | |
Full time employees 1466 | |||
National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of June 30, 2025, the Company held ownership interests in and operated 1,067 self storage properties, located in 37 states and Puerto Rico with approximately 69.7 million rentable square feet, excluding two properties classified as held for sale, that were sold to a third party in July 2025. 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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