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NSA-PB
Upturn stock ratingUpturn stock rating

National Storage Affiliates Tru (NSA-PB)

Upturn stock ratingUpturn stock rating
$21.41
Last Close (24-hour delay)
Profit since last BUY-0.46%
upturn advisory
WEAK BUY
BUY since 70 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

08/14/2025: NSA-PB (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

0 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

Analysis of Past Performance

Type Stock
Historic Profit -1.89%
Avg. Invested days 47
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

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

ai summary icon Upturn AI SWOT

National Storage Affiliates Tru

stock logo

Company Overview

overview logo 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).

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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.