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Upturn AI SWOT - About
NSA 
National Storage Affiliates Trust (NSA)
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Upturn Advisory Summary
10/14/2025: NSA (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
15 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $33.83
1 Year Target Price $33.83
| 1 | Strong Buy |
| 0 | Buy |
| 9 | Hold |
| 1 | Sell |
| 4 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -5.7% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/14/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.52B USD | Price to earnings Ratio 49.55 | 1Y Target Price 33.83 |
Price to earnings Ratio 49.55 | 1Y Target Price 33.83 | ||
Volume (30-day avg) 15 | Beta 1.1 | 52 Weeks Range 27.52 - 43.20 | Updated Date 10/14/2025 |
52 Weeks Range 27.52 - 43.20 | Updated Date 10/14/2025 | ||
Dividends yield (FY) 7.53% | Basic EPS (TTM) 0.62 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
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 49.55 | Forward PE 55.87 | Enterprise Value 6046198132 | Price to Sales(TTM) 6.1 |
Enterprise Value 6046198132 | Price to Sales(TTM) 6.1 | ||
Enterprise Value to Revenue 7.95 | Enterprise Value to EBITDA 13.08 | Shares Outstanding 76765051 | Shares Floating 70616256 |
Shares Outstanding 76765051 | Shares Floating 70616256 | ||
Percent Insiders 8.06 | Percent Institutions 94.59 |
Upturn AI SWOT
National Storage Affiliates Trust
Company Overview
History and Background
National Storage Affiliates Trust (NSA) was founded in 2013 and went public in 2015. It operates as a real estate investment trust (REIT) focused on the ownership, operation, and acquisition of self-storage facilities. Its growth strategy involves acquiring regional self-storage operators and integrating them into its platform.
Core Business Areas
- Self-Storage Facility Ownership and Operation: NSA's primary business is owning and operating self-storage facilities across the United States. They lease storage units to individuals and businesses.
- Property Management: NSA manages self-storage facilities, providing services such as tenant management, facility maintenance, and marketing.
- Acquisitions and Development: NSA actively acquires existing self-storage facilities and develops new facilities to expand its portfolio.
Leadership and Structure
NSA is led by Arlen Nordhagen (CEO). The organizational structure includes executive management, regional operators, and a board of trustees.
Top Products and Market Share
Key Offerings
- Self-Storage Units: NSA's core offering is the rental of self-storage units of various sizes to individuals and businesses. Market share is fragmented; NSA holds a portion of the overall self-storage market. Competitors include Public Storage (PSA), Extra Space Storage (EXR), and CubeSmart (CUBE).
Market Dynamics
Industry Overview
The self-storage industry is characterized by fragmented ownership, with many small operators alongside larger REITs. Demand is driven by life events (moving, downsizing, etc.), business storage needs, and economic conditions. The industry is generally resilient but sensitive to economic downturns and new supply.
Positioning
NSA differentiates itself through its decentralized operational model, acquiring and integrating regional operators who retain an equity interest in the company. This model aims to align incentives and leverage local expertise.
Total Addressable Market (TAM)
The total addressable market for self-storage in the US is estimated to be over $40 billion annually. NSA is positioned to capture a significant share through acquisitions and organic growth.
Upturn SWOT Analysis
Strengths
- Decentralized operational model
- Strong acquisition track record
- Geographic diversification
- Experienced management team
Weaknesses
- High debt levels
- Reliance on acquisitions for growth
- Sensitivity to interest rate increases
- Complexity of managing multiple regional operators
Opportunities
- Continued industry consolidation
- Growing demand for self-storage
- Expansion into new markets
- Technological advancements in facility management
Threats
- Increased competition
- Economic downturns
- Oversupply of self-storage facilities
- Rising interest rates
Competitors and Market Share
Key Competitors
- PSA
- EXR
- CUBE
Competitive Landscape
NSA's decentralized model provides a competitive advantage through local expertise and aligned incentives, but it faces challenges in managing a complex organizational structure and competing with larger, more established players with greater economies of scale.
Major Acquisitions
SecurCare Self Storage
- Year: 2023
- Acquisition Price (USD millions): 1320
- Strategic Rationale: Expanded NSA's presence in high-growth markets and added a significant number of properties to its portfolio.
Growth Trajectory and Initiatives
Historical Growth: NSA has grown significantly through acquisitions since its IPO.
Future Projections: Analyst estimates for NSA's future growth depend on continued acquisitions and organic growth in same-store revenues. Requires analyst report for specific projections.
Recent Initiatives: Recent initiatives include acquisitions of regional self-storage operators, investments in technology to improve facility management, and expansion into new markets.
Summary
National Storage Affiliates Trust is a growing REIT focused on self-storage through acquisition and organic growth. Its decentralized model offers advantages but creates operational complexity. Rising interest rates and increasing competition pose potential risks, while industry consolidation and growing demand for self-storage offer opportunities.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports
- Analyst Reports
- Company Website
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor.
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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