National Storage Affiliates Trust | REIT Profile

Symbol: NSA
CIK: 1618563
Exchange: NYSE
Founded: 2013 (8 years)
HQ: Greenwood Village, CO, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Self Storage

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Overall Score: 8.5

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day October 15, 2021


Open Price: $59.3
Closing Price: $58.6
Price Change: -0.37 (-0.627%)
Lowest Price: $58.12
Highest Price: $59.33

52-Week Low: $31.42
52-Week High: $59.33
52-Week Change: 79.91%

5 Day Price Change: 8.74%
1 Month Price Change: 3.24%
3 Month Price Change: 11.53%
6 Month Price Change: 41.59%
YTD Price Change: 67.60%
1 Year Price Change: 80.71%
2 Year Price Change: 85.70%
5 Year Price Change: 264.76%

Dividend of Trading Day October 15, 2021


Dividend Yield: 2.799%*
Annualized Dividend: $1.64*
Dividend Yield (TTM): 2.5%
Annualized Dividend (TTM): $1.474
Ex-Dividend Date: 2021-09-14
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 News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day October 15, 2021


Total Cash: $22,410,000
Current Debt: $120,768,000
Revenue: $484,821,000
Gross Profit: $484,821,000
Total Revenue: $484,821,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $305,758,000
Revenue Per Share: $5
Revenue Per Employee: N/A
Employee: 924
Debt to Equity Ratio (D/E): 3.33
Profit Margin: 0.14%
Enterprise Value (EV): $7,156,622,522
Enterprise Value to Revenue (EV/R): 14.76
Price to Sales (P/S): 10.56
Price to Book (P/B): 5.40
Peg Ratio: 0.18
P/E Ratio: 84.34
P/E High: 1,756.69
P/E Low: 1,351.76
Forward P/E Ratio: 39.85
Market Capitalization: $5,194,926,039
Beta: 0.52
Latest Volume: 434,231.00
Avg. Total Volume: 681,340
Avg. 10 Volume: 569,168.00
Avg. 30 Volume: 681,340.00
TTM EPS: 0.69
TTM Dividend Rate: 1.47
Shares Outstanding: 88,650,615
Float: N/A
50-Day Moving Avg.: 56.07
200-Day Moving Avg.: 50.20

Latest REIT Community Comments on #NSA


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Properties Owned by NSA


Properties Based on REIT's Official Presentation

Properties Types States Countries
552 1 29 1

Please visit REIT’s official webpage for the most up-to-date property list.

NSA Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $32.84 per share you would have been able to buy 30 shares of NSA on 2020-10-15 costing $985.20 @ $32.84 per share you would have been able to buy 15 shares of NSA on 2020-10-15 costing $492.60 @ $32.84 per share you would have been able to buy 7 shares of NSA on 2020-10-15 costing $229.88 @ $32.84 per share you would have been able to buy 3 shares of NSA on 2020-10-15 costing $98.52 @ $32.84 per share you would have been able to buy 1 shares of NSA on 2020-10-15 costing $32.84
Current worth On 2021-10-15 these 30 shares would be worth $1,758.00 @ $58.60 On 2021-10-15 these 15 shares would be worth $879.00 @ $58.60 On 2021-10-15 these 7 shares would be worth $410.20 @ $58.60 On 2021-10-15 these 3 shares would be worth $175.80 @ $58.60 On 2021-10-15 these 1 shares would be worth $58.60 @ $58.60
Dividends earned $44.70 in dividends would have been earned since 2020-10-15 with 30 shares. $22 in dividends would have been earned since 2020-10-15 with 15 shares. $10.43 in dividends would have been earned since 2020-10-15 with 7 shares. $4.47 in dividends would have been earned since 2020-10-15 with 3 shares. $1.49 in dividends would have been earned since 2020-10-15 with 15 shares.
Net (gain / loss)* 817.50 USD 408.75 USD 190.75 USD 81.75 USD 27.25 USD
ROI** 82.98% 82.98% 82.98% 82.98% 82.98%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by NSA. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
NSA 2021-09-14 0.410 7.89% 2021-08-26 2021-09-15 2021-09-30
NSA 2021-06-14 0.380 8.57% 2021-05-27 2021-06-15 2021-06-30
NSA 2021-03-12 0.350 --- 2021-02-25 2021-03-15 2021-03-31
NSA 2020-12-14 0.350 2.94% 2020-11-12 2020-12-15 2020-12-31
NSA 2020-09-14 0.340 3.03% 2020-08-20 2020-09-15 2020-09-30
NSA 2020-06-12 0.330 --- 2020-05-21 2020-06-15 2020-06-30
NSA 2020-03-12 0.330 --- 2020-02-20 2020-03-13 2020-03-31
NSA 2019-12-12 0.330 3.13% 2019-11-20 2019-12-13 2019-12-31
NSA 2019-09-12 0.320 --- 2019-08-22 2019-09-13 2019-09-30
NSA 2019-06-13 0.320 6.67% 2019-05-23 2019-06-14 2019-06-28
NSA 2019-03-14 0.300 --- 2019-02-21 2019-03-15 2019-03-29
NSA 2018-12-13 0.300 3.45% 2018-11-15 2018-12-14 2018-12-31
NSA 2018-09-13 0.290 --- 2018-08-23 2018-09-14 2018-09-28
NSA 2018-06-14 0.290 3.57% 2018-05-23 2018-06-15 2018-06-29
NSA 2018-03-14 0.280 --- 2018-02-22 2018-03-15 2018-03-29
NSA 2017-12-14 0.280 7.69% 2017-11-09 2017-12-15 2017-12-29
NSA 2017-09-14 0.260 --- 2017-08-24 2017-09-15 2017-09-29
NSA 2017-06-13 0.260 8.33% 2017-05-25 2017-06-15 2017-06-30
NSA 2017-03-13 0.240 --- 2017-02-23 2017-03-15 2017-03-30
NSA 2016-12-13 0.240 9.09% 2016-11-10 2016-12-15 2016-12-30

Financial Statements Overview


Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Current Cash 22,410,000 19,513,000 18,723,000 16,779,000
Receivables 10,339,000 9,685,000 11,533,000 0
Inventory 0 0 0 0
Current Assets 46,543,000 51,053,000 59,878,000 21,265,000
Current Assets (Other) 10,229,000 18,558,000 26,644,000 0
Short Term Investments 10,229,000 18,558,000 26,644,000 0
Long-term Investments 3,844,703,000 3,600,583,000 3,453,699,000 3,259,651,000
Property, Plant & Equipment Net 3,573,999,000 3,336,214,000 3,197,242,000 2,964,995,000
Goodwill 8,182,000 8,182,000 8,182,000 0
Intangible Assets 42,168,000 31,714,000 20,117,000 0
Other Assets 2,113,000 2,293,000 2,496,000 65,018,000
Net Tangible Assets 898,533,000 826,437,000 722,340,000 696,911,000
Total Assets 3,891,246,000 3,651,636,000 3,513,577,000 3,280,916,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 77,918,000 0
Current Liabilities (Other) 120,768,000 112,677,000 63,457,000 178,813,000
Total Current Liabilities 120,768,000 112,677,000 63,457,000 178,813,000
Current Long-term Debt 0 0 0 0
Long-term Debt 2,058,573,000 1,932,770,000 1,916,971,000 1,741,703,000
Total Liabilities 2,723,945,000 2,566,985,000 2,544,620,000 2,365,687,000
Minority Interest 520,225,000 496,969,000 461,518,000 445,171,000
Common Stock 76,712,000 71,794,000 69,293,000 993,856,000
Retained Earnings -263,117,000 -259,155,000 -251,704,000 -242,222,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,167,301,000 1,084,651,000 968,957,000 915,229,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Total Revenue 138,246,000 122,992,000 114,109,000 109,474,000
Cost of Revenue 0 0 0 0
Gross Profit 138,246,000 122,992,000 114,109,000 109,474,000
Research and Development 0 0 0 0
Selling General and Admin 12,450,000 11,238,000 11,399,000 10,818,000
Operating Expense 85,273,000 78,558,000 73,656,000 71,297,000
Operating Income 52,973,000 44,434,000 40,453,000 38,177,000
Income Expense Net (Other) 0 0 0 0
EBIT 54,147,000 45,193,000 40,969,000 38,214,000
Interest Income 17,339,000 16,792,000 16,192,000 15,262,000
Pretax Income 36,350,000 27,831,000 25,313,000 21,757,000
Income Tax 675,000 196,000 796,000 346,000
Minority Interest 6,957,000 6,797,000 6,465,000 7,924,000
Net Income 25,426,000 17,552,000 14,767,000 10,201,000
Net Income Basic 25,426,000 17,552,000 14,767,000 10,201,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Net Income 25,426,000 17,552,000 14,767,000 10,201,000
Depreciation 36,051,000 32,424,000 117,174,000 87,347,000
Changes in Receivables 10,339,000 9,685,000 11,533,000 0
Changes in Inventories 0 0 0 0
Cash Change 22,410,000 19,513,000 18,723,000 -492,000
Cash Flow 80,189,000 64,070,000 53,009,000 167,645,000
Capital Expenditures -7,639,000 -5,695,000 -16,759,000 -13,380,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -248,736,000 -149,400,000 -241,185,000 -268,498,000
Dividends Paid 0 0 0 0
Net Borrowings 2,025,934,000 1,894,699,000 1,871,604,000 1,724,924,000
Cash Flow Financing 171,712,000 86,439,000 188,612,000 97,842,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About National Storage Affiliates Trust


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. The Company currently holds ownership in and operates 483 self storage properties located in 28 states with approximately 30 million rentable square feet, and is one of the largest operators of self storage properties among public and private companies in the U.S.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
6 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
10 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
8 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.8
7 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.7
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.2
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.4
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
7 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
3 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.9
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.7
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.3
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.0
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.6
8.5 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2021-10-15 - v1.9