National Storage Affiliates Trust Past Earnings Performance

Past criteria checks 3/6

National Storage Affiliates Trust has been growing earnings at an average annual rate of 42.2%, while the Specialized REITs industry saw earnings growing at 14.8% annually. Revenues have been growing at an average rate of 18.7% per year. National Storage Affiliates Trust's return on equity is 14.7%, and it has net margins of 18.2%.

Key information

42.2%

Earnings growth rate

40.7%

EPS growth rate

Specialized REITs Industry Growth	18.0%
Revenue growth rate	18.7%
Return on equity	14.7%
Net Margin	18.2%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How National Storage Affiliates Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:NSA.PRB Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	787	143	75
30 Jun 24	819	154	77
31 Mar 24	850	167	75
31 Dec 23	866	138	75
30 Sep 23	859	102	70
30 Jun 23	847	96	70
31 Mar 23	830	93	70
31 Dec 22	809	90	69
30 Sep 22	774	85	65
30 Jun 22	717	93	63
31 Mar 22	656	96	60
31 Dec 21	591	92	58
30 Sep 21	530	85	54
30 Jun 21	487	68	52
31 Mar 21	452	50	50
31 Dec 20	432	35	49
30 Sep 20	418	31	49
30 Jun 20	409	8	49
31 Mar 20	398	-10	50
31 Dec 19	383	-8	49
30 Sep 19	370	-27	47
30 Jun 19	355	-14	45
31 Mar 19	342	1	42
31 Dec 18	329	4	40
30 Sep 18	315	9	37
30 Jun 18	298	9	36
31 Mar 18	281	8	35
31 Dec 17	266	1	34
30 Sep 17	250	13	32
30 Jun 17	235	11	30
31 Mar 17	219	16	27
31 Dec 16	198	18	25
30 Sep 16	178	14	21
30 Jun 16	161	19	20
31 Mar 16	145	15	19
31 Dec 15	134	12	19
30 Sep 15	122	8	15
30 Jun 15	108	3	13
31 Mar 15	92	0	10
31 Dec 14	77	0	10
30 Sep 14	63	0	9
30 Jun 14	54	1	8
31 Mar 14	45	1	6
31 Dec 13	40	-1	5

Quality Earnings: NSA.PRB has a large one-off gain of $126.3M impacting its last 12 months of financial results to 30th September, 2024.

Growing Profit Margin: NSA.PRB's current net profit margins (18.2%) are higher than last year (11.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NSA.PRB has become profitable over the past 5 years, growing earnings by 42.2% per year.

Accelerating Growth: NSA.PRB's earnings growth over the past year (41.1%) is below its 5-year average (42.2% per year).

Earnings vs Industry: NSA.PRB earnings growth over the past year (41.1%) exceeded the Specialized REITs industry 7.2%.

Return on Equity

High ROE: NSA.PRB's Return on Equity (14.7%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 05:25
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

National Storage Affiliates Trust is covered by 23 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Wesley Golladay	Baird
Brendan Lynch	Barclays
Keegan Carl	Berenberg