Company Overview

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 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.

  • Name

    National Storage Affiliates Trust

  • CEO

    David G. Cramer

  • Website

    www.nationalstorageaffiliates.com

  • Sector

    Specialized REITs

  • Year Founded

    2013

Company Statistics

Profile

  • Market Cap

  • EV

  • Shares Out

  • Revenue

  • Employees

Margins

  • Gross

  • EBITDA

  • Operating

  • Pre-Tax

  • Net

  • FCF

Returns (5Yr Avg)

  • ROA

  • ROTA

  • ROE

  • ROCE

  • ROIC

Valuation (TTM)

  • P/E

  • P/B

  • P/FFO

  • P/Adjusted FFO

  • EV/Sales

  • EV/EBITDA

  • P/FCF

  • EV/Gross Profit

Valuation (NTM)

  • Price Target

  • P/E

  • PEG

  • P/FFO

  • P/Adjusted FFO

  • EV/Sales

  • EV/EBITDA

  • P/FCF

Financial Health

  • Cash

  • Net Debt

  • Debt/Equity

  • EBIT/Interest

Growth (CAGR)

  • Rev 3Yr

  • Rev 5Yr

  • Rev 10Yr

  • Dil EPS 3Yr

  • Dil EPS 5Yr

  • Dil EPS 10Yr

  • Rev Fwd 2Yr

  • EBITDA Fwd 2Yr

  • EPS Fwd 2Yr

  • EPS LT Growth Est

Dividends

  • Yield

  • Payout

  • DPS

  • DPS Growth 3Yr

  • DPS Growth 5Yr

  • DPS Growth 10Yr

  • DPS Growth Fwd 2Yr

What's happening

Nov 13, 2025 - Dec 13, 2025

National Storage Affiliates Trust: Resilience Amidst Market Fluctuations

  • Morgan Stanley upgraded NSA from Underweight to Equal Weight, raising the price target from $30 to $32.
  • Brookfield and GIC are considering a buyout of NSA, indicating strong institutional interest in the self-storage sector.
  • BMO Capital lowered its price target for NSA from $37 to $35 while maintaining a Market Perform rating.

Over the past month, National Storage Affiliates Trust (NSA) experienced a positive movement of 1.6%, significantly outperforming the S&P 500, which declined by 0.2%. This performance indicates that NSA's stock has demonstrated resilience amid broader market challenges, reflecting investor confidence in its fundamentals and strategic positioning within the self-storage sector.

A notable bullish event occurred on December 5th when Morgan Stanley upgraded NSA's rating and raised its price target. This upgrade likely boosted investor sentiment as it signaled increased confidence in NSA's future prospects. Additionally, news surfaced on November 26th regarding Brookfield and GIC considering a buyout of NSA. The potential acquisition by these major investment firms highlights significant interest in the self-storage industry during favorable market conditions.

Despite some bearish developments during this period, such as BMO Capital analyst Juan C. Sanabria lowering his price target for NSA while maintaining a Market Perform rating on November 24th, overall investor enthusiasm remained largely unaffected due to subsequent bullish events surrounding upgrades and acquisitions.

Overall trends indicate that despite mixed signals from analysts' ratings adjustments—balancing between growth potential upgrades against cautious targets—the overall trajectory for NSA’s stock remained positive with strong institutional interest contributing positively amidst broader market fluctuations where it outperformed both the S&P 500 by an impressive margin of 1.8% and exceeded Real Estate (XLRE) sector performance by 3.1%.

NYSE:NSA