National Storage Affiliates Trust | REIT Profile
Symbol: NSA
CIK: 1618563
Exchange: NYSE
Preferred Stock: NSA-A
Founded: 2013 (13 years)
HQ: Greenwood Village, CO, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Self Storage
REITRating™ Score: 6.9
See NSA on Yahoo Finance
See NSA on SEC.gov
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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. For more information, please visit the Company’s website at www.nsastorage.com. NSA is included in the MSCI US REIT Index (RMS/RMZ), the Russell 1000 Index of Companies and the S&P MidCap 400 Index.
Stock Chart
Dividend of Trading Day 2026-04-30
Annualized Dividend: $2.28*
Dividend Yield (TTM): 5.4%
Annualized Dividend (TTM): $2.28
Ex-Dividend Date: 2026-03-13
Dividend Date: 2026-03-31
Dividend Frequency: Quarterly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest REIT Press Releases
- National Storage Affiliates Trust Announces Date of its First Quarter 2026 Earnings Release - Thu, 16 Apr 2026 20:05:14 UTC
- Public Storage to Acquire National Storage Affiliates, Creating Significant Value for All Stakeholders - Mon, 16 Mar 2026 11:09:04 UTC
- National Storage Affiliates Trust Reports Fourth Quarter and Full Year 2025 Results - Wed, 25 Feb 2026 21:05:26 UTC
- National Storage Affiliates Trust Announces Tax Treatment of 2025 Distributions - Tue, 27 Jan 2026 21:05:13 UTC
- National Storage Affiliates Trust Announces Quarterly Dividends - Thu, 13 Nov 2025 21:05:28 UTC
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for NSA. Compare FFO to other REITs at REITFFO.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2025 | Q4 | Core FFO | $0.71 | $0.57 | 80.28% |
| 2025 | Q3 | FFO | $0.56 | $0.57 | 101.79% |
| 2025 | Q3 | Core FFO | $0.57 | $0.57 | 100.00% |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information. The “Payout Ratio” is calculated by dividing the “Dividends Paid” column by the “FFO Amount” column. Some REITs may have two types of FFO (eg. FFO and Modified FFO) while others may have just one type of FFO.
Dividend to FFO & Core FFO Payout Ratio
The 2025-Q3 payout ratio is sort of high for this REIT.
REITNotes' Dividend to FFO Payout Ratio graph is based on the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.