Update shared on05 Sep 2025
Analysts have adopted a more cautious outlook on National Storage Affiliates Trust due to muted near-term growth and a decline in move-in rates, leading to a consensus price target that remains unchanged at $34.50 but reflects tempered expectations for gradual fundamental improvement.
Analyst Commentary
- Bearish analysts point to muted near-term growth expectations and a recent decline in move-in rates, despite some signs of fundamentals bottoming.
- Updated models following the latest quarterly results indicate only gradual improvement in the company's operating fundamentals.
- Several target reductions reflect a more cautious stance, though select guidance raises are anticipated as performance stabilizes.
- Bullish analysts acknowledge stabilization in underlying demand, suggesting the worst of operational softness may be past.
- Overall price targets have been lowered reflecting a tempered outlook, though consensus remains that fundamentals are slowly improving.
What's in the News
- The company has completed the repurchase of 10,822,814 shares (12.19%) for $399.73 million under the buyback announced in August 2022, with no shares repurchased in the latest quarter.
- No shares have been repurchased under the buyback announced in November 2024.
- Full year 2025 guidance was raised: expected total revenue growth revised to -3.0% to -2.0%, and diluted EPS to $0.71–$0.74, up from prior guided EPS of $0.63–$0.69.
Valuation Changes
Summary of Valuation Changes for National Storage Affiliates Trust
- The Consensus Analyst Price Target remained effectively unchanged, at $34.50.
- The Net Profit Margin for National Storage Affiliates Trust has significantly fallen from 7.08% to 4.04%.
- The Consensus Revenue Growth forecasts for National Storage Affiliates Trust has fallen from 2.6% per annum to 2.5% per annum.
Disclaimer
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