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Upturn AI SWOT - About
NSA 
National Storage Affiliates Trust (NSA)
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Upturn Advisory Summary
07/11/2025: 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 $37.13
1 Year Target Price $37.13
| 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 07/11/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.79B USD | Price to earnings Ratio 53.36 | 1Y Target Price 37.13 |
Price to earnings Ratio 53.36 | 1Y Target Price 37.13 | ||
Volume (30-day avg) 15 | Beta 1.18 | 52 Weeks Range 30.36 - 47.21 | Updated Date 07/12/2025 |
52 Weeks Range 30.36 - 47.21 | Updated Date 07/12/2025 | ||
Dividends yield (FY) 7.13% | Basic EPS (TTM) 0.61 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 8.82% | Operating Margin (TTM) 32.49% |
Management Effectiveness
Return on Assets (TTM) 3.11% | Return on Equity (TTM) 5.92% |
Valuation
Trailing PE 53.36 | Forward PE 47.39 | Enterprise Value 6260740785 | Price to Sales(TTM) 6.45 |
Enterprise Value 6260740785 | Price to Sales(TTM) 6.45 | ||
Enterprise Value to Revenue 8.21 | Enterprise Value to EBITDA 13.64 | Shares Outstanding 76489200 | Shares Floating 70347364 |
Shares Outstanding 76489200 | Shares Floating 70347364 | ||
Percent Insiders 8.09 | Percent Institutions 96.37 |
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 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 United States.
Core Business Areas
- Self-Storage Ownership and Operation: The primary business involves owning and operating self-storage facilities. NSA acquires, develops, and manages these properties, generating revenue through rental income from storage units.
- Third-Party Management: NSA also provides third-party management services for self-storage facilities owned by others, earning management fees. It operates through Participating Regional Operators (PROs).
Leadership and Structure
NSA is led by a management team headed by a Chief Executive Officer. The company operates under a REIT structure with a Board of Trustees overseeing corporate governance.
Top Products and Market Share
Key Offerings
- Self-Storage Units: Rental of storage units of varying sizes to individuals and businesses. Market share information is difficult to pinpoint due to fragmentation. Competitors include Public Storage (PSA), Extra Space Storage (EXR), and CubeSmart (CUBE). Revenue from this is the majority of the company's revenue.
- Tenant Reinsurance: NSC offers reinsurance services to tenants covering stored goods, generating additional revenue. Market share data unavailable. Competitors are insurance companies.
Market Dynamics
Industry Overview
The self-storage industry is characterized by fragmentation, increasing demand due to life events and downsizing, and relatively low capital expenditure requirements once facilities are established. Occupancy rates fluctuate with economic conditions.
Positioning
NSA is a major player in the self-storage industry, utilizing a unique PRO structure. This allows it to grow through acquisitions and partnerships with regional operators. It differentiates itself through this partnership model.
Total Addressable Market (TAM)
The US self-storage market is estimated to be worth around $45 billion annually. NSA, with a sizable portfolio, aims to capture a significant portion through acquisitions and organic growth.
Upturn SWOT Analysis
Strengths
- PRO structure enables rapid expansion
- Diversified geographic footprint
- Experienced management team
- Established brand recognition
Weaknesses
- Reliance on PRO performance
- Sensitivity to economic downturns
- Higher cost of capital relative to larger peers
- Potential integration challenges with acquired properties
Opportunities
- Further acquisitions of self-storage facilities
- Expansion into new markets
- Increased demand from e-commerce and small businesses
- Technological advancements in facility management
Threats
- Economic recession reducing demand
- Increased competition from new self-storage developments
- Rising interest rates increasing borrowing costs
- Natural disasters impacting facilities
Competitors and Market Share
Key Competitors
- Public Storage (PSA)
- Extra Space Storage (EXR)
- CubeSmart (CUBE)
Competitive Landscape
NSA differentiates itself through its PRO model, offering a decentralized management approach, while PSA and EXR are more centralized. NSA faces the challenge of integrating acquired properties effectively.
Major Acquisitions
SecurCare Self Storage
- Year: 2016
- Acquisition Price (USD millions): 1320
- Strategic Rationale: Expanded NSA's footprint significantly and added a substantial number of facilities to its portfolio.
Growth Trajectory and Initiatives
Historical Growth: NSA has grown rapidly through acquisitions and organic growth since its IPO.
Future Projections: Future growth projections vary depending on analysts and should be checked with recent reports.
Recent Initiatives: Recent initiatives may include strategic acquisitions, development projects, and technology implementations.
Summary
National Storage Affiliates Trust benefits from its PRO structure for rapid growth and diversified geographic footprint. While sensitive to economic downturns and reliant on PRO performance, NSA has opportunities in further acquisitions and market expansion. Threats include rising interest rates and increased competition. Overall the company's unique structure coupled with the demand for storage should have it continuing to be a leader in the space.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Investor Relations
- Industry Reports
- Financial News Outlets
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market data and analyst estimates are subject to change.
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 March 31, 2025, the Company held ownership interests in and operated 1,075 self storage properties, located in 41 states and Puerto Rico with approximately 70.2 million rentable square feet. 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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