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National Storage Affiliates Tru (NSA-PB)



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Upturn Advisory Summary
08/14/2025: NSA-PB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -1.89% | Avg. Invested days 47 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1.05 | 52 Weeks Range 19.56 - 26.59 | Updated Date 06/28/2025 |
52 Weeks Range 19.56 - 26.59 | Updated Date 06/28/2025 | ||
Dividends yield (FY) 7.04% | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 20.82% | Operating Margin (TTM) 37.85% |
Management Effectiveness
Return on Assets (TTM) 3.25% | Return on Equity (TTM) 13.4% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 6154949120 | Price to Sales(TTM) - |
Enterprise Value 6154949120 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating 69431487 |
Shares Outstanding - | Shares Floating 69431487 | ||
Percent Insiders - | Percent Institutions 0.45 |
Upturn AI SWOT
National Storage Affiliates Tru
Company Overview
History and Background
National Storage Affiliates Trust (NSA) was founded in 2013 and went public in 2015. It is a real estate investment trust (REIT) focused on acquiring, owning, and operating self-storage properties. NSA operates as a partnership of independent regional operators (PROs).
Core Business Areas
- Self-Storage Operations: Acquiring, owning, and operating self-storage facilities across the United States. This includes renting storage units to individuals and businesses.
- Property Management: Managing self-storage facilities, including marketing, customer service, maintenance, and revenue management.
- Acquisition and Development: Identifying and acquiring existing self-storage facilities and developing new storage properties.
Leadership and Structure
NSA operates under the direction of a board of trustees. The leadership team includes key executives responsible for finance, operations, acquisitions, and investor relations. The PRO structure provides decentralized regional management.
Top Products and Market Share
Key Offerings
- Self-Storage Units: Renting storage units of various sizes to individuals and businesses. The US self-storage market is highly fragmented. NSA's market share is significant, but the exact percentage fluctuates. Competitors include Public Storage (PSA), Extra Space Storage (EXR), and Life Storage (LSI) (now part of EXR). Revenue depends on occupancy and rental rates.
Market Dynamics
Industry Overview
The self-storage industry is driven by life events (moving, downsizing, divorce) and business needs (inventory storage, document retention). The industry has seen growth in recent years, fueled by increased mobility, urbanization, and e-commerce.
Positioning
NSA differentiates itself through its PRO structure, which allows for local expertise and management. Its strategy involves acquiring smaller operators and integrating them into the NSA platform. This provides access to a diverse portfolio and growth opportunities.
Total Addressable Market (TAM)
The US self-storage market is estimated to be over $40 billion annually. NSA is positioned to capture a significant portion of this market through its acquisitions and organic growth strategies.
Upturn SWOT Analysis
Strengths
- PRO structure provides local market expertise
- Diversified geographic presence
- Strong acquisition track record
- Experienced management team
- Potential for operational efficiencies
Weaknesses
- Reliance on acquisitions for growth
- Exposure to economic downturns impacting demand
- Integration risks associated with acquired properties
- Competition from larger, established players
Opportunities
- Continued consolidation in the self-storage industry
- Expansion into new geographic markets
- Development of new storage facilities
- Implementation of technology to improve operations and customer experience
- Increasing demand for storage due to urbanization
Threats
- Economic recession leading to reduced demand
- Increased competition from new entrants
- Rising interest rates impacting financing costs
- Changes in zoning regulations
- Overbuilding of storage facilities in certain markets
Competitors and Market Share
Key Competitors
- Public Storage (PSA)
- Extra Space Storage (EXR)
- Life Storage (LSI)
Competitive Landscape
NSA competes with larger, more established players like Public Storage and Extra Space Storage. NSA's PRO structure provides a competitive advantage through local market expertise. However, it may lack the scale and brand recognition of its larger competitors.
Major Acquisitions
SecurCare Self Storage Portfolio
- Year: 2021
- Acquisition Price (USD millions): 1320
- Strategic Rationale: Expanded NSA's geographic footprint and added high-quality assets to its portfolio.
Growth Trajectory and Initiatives
Historical Growth: NSA has grown through acquisitions and organic growth. Refer to official NSA documentation for accurate up-to-date growth data.
Future Projections: Future growth projections depend on acquisitions, market conditions, and management's execution of its strategy. Analyst estimates vary. Refer to official NSA documentation for accurate up-to-date future projections.
Recent Initiatives: Recent initiatives may include acquisitions, development projects, and technology upgrades. Refer to official NSA documentation for accurate up-to-date information.
Summary
National Storage Affiliates Trust is a growing REIT in the self-storage industry, leveraging its PRO structure for local market expertise and actively acquiring properties. While facing competition from larger players and economic uncertainties, it has opportunities for expansion and technological advancements. The company's reliance on acquisitions for growth and potential integration challenges should be monitored. Overall, NSA appears to be positioning itself well within the fragmented self-storage market and appears in good financial health.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings (e.g., 10-K, 10-Q)
- Company Investor Relations Materials
- Industry Reports
- Analyst Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Financial data and market conditions are subject to change. 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 Tru
Exchange NYSE | Headquaters Greenwood Village, CO, United States | ||
IPO Launch date - | 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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