NYSE:NSASpecialized REITs
How Moody’s Baa3 Credit Rating and Leverage Profile May Shape National Storage Affiliates (NSA) Investors
Earlier this year, Moody's assigned National Storage Affiliates Trust a Baa3 credit rating, citing its 1,069-property, 37-state footprint, strong unencumbered asset base, and elevated leverage.
The rating highlights how NSA’s high proportion of unencumbered assets and market-adjusted asset coverage of 271% are balanced against debt and preferred stock totaling 61% of assets.
Next, we’ll explore how Moody’s Baa3 rating, and the leverage it highlights, may reshape National Storage Affiliates...