National Storage Affiliates Trust
Market Cap
US$3.8b
Last Updated
2021/03/05 23:13 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer with moderate growth potential.
Similar Companies
Share Price & News
How has National Storage Affiliates Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NSA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NSA's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-1.3%
NSA
-0.8%
US REITs
-0.4%
US Market
1 Year Return
5.2%
NSA
-4.9%
US REITs
36.3%
US Market
Return vs Industry: NSA exceeded the US REITs industry which returned -8.5% over the past year.
Return vs Market: NSA underperformed the US Market which returned 29.4% over the past year.
Shareholder returns
| NSA | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -0.8% | -0.4% |
| 30 Day | 2.3% | -0.2% | -1.3% |
| 90 Day | 11.6% | 0.8% | 4.9% |
| 1 Year | 9.6%5.2% | -0.5%-4.9% | 39.2%36.3% |
| 3 Year | 66.1%46.7% | 30.0%14.2% | 48.7%39.2% |
| 5 Year | 134.1%91.6% | 41.0%12.5% | 117.0%92.8% |
Long-Term Price Volatility Vs. Market
How volatile is National Storage Affiliates Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does National Storage Affiliates Trust (NYSE:NSA) Create Value For Shareholders?2 months ago | Simply Wall St
National Storage Affiliates Trust (NYSE:NSA) Has Gifted Shareholders With A Fantastic 156% Total Return On Their Investment3 months ago | Simply Wall St
National Storage Affiliates Trust (NYSE:NSA) Has A ROE Of 5.4%Valuation
Is National Storage Affiliates Trust undervalued compared to its fair value and its price relative to the market?
16.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NSA ($37.95) is trading below our estimate of fair value ($46.08)
Significantly Below Fair Value: NSA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: NSA is poor value based on its PE Ratio (71.2x) compared to the US REITs industry average (45.2x).
PE vs Market: NSA is poor value based on its PE Ratio (71.2x) compared to the US market (21.4x).
Price to Earnings Growth Ratio
PEG Ratio: NSA is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: NSA is overvalued based on its PB Ratio (3.6x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is National Storage Affiliates Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
39.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NSA's forecast earnings growth (39.7% per year) is above the savings rate (2%).
Earnings vs Market: NSA's earnings (39.7% per year) are forecast to grow faster than the US market (19.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NSA's revenue (8.5% per year) is forecast to grow slower than the US market (10.1% per year).
High Growth Revenue: NSA's revenue (8.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NSA's Return on Equity is forecast to be low in 3 years time (4.9%).
Next Steps
Past Performance
How has National Storage Affiliates Trust performed over the past 5 years?
-14.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NSA has high quality earnings.
Growing Profit Margin: NSA became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: NSA's earnings have declined by 14.7% per year over the past 5 years.
Accelerating Growth: NSA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: NSA has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (-6.1%).
Return on Equity
High ROE: NSA's Return on Equity (5.6%) is considered low.
Next Steps
Financial Health
How is National Storage Affiliates Trust's financial position?
Financial Position Analysis
Short Term Liabilities: NSA's short term assets ($40.3M) do not cover its short term liabilities ($55.0M).
Long Term Liabilities: NSA's short term assets ($40.3M) do not cover its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: NSA's debt to equity ratio (139.5%) is considered high.
Reducing Debt: NSA's debt to equity ratio has increased from 110.5% to 139.5% over the past 5 years.
Debt Coverage: NSA's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: NSA's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
Next Steps
Dividend
What is National Storage Affiliates Trust current dividend yield, its reliability and sustainability?
3.68%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NSA's dividend (3.69%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: NSA's dividend (3.69%) is in the top 25% of dividend payers in the US market (3.69%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NSA has been paying a dividend for less than 10 years.
Growing Dividend: NSA's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.9%), NSA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NSA's dividends in 3 years are forecast to be covered by earnings (79.8% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.2yrs
Average management tenure
CEO
Tammy Fischer (64 yo)
1.17yrs
Tenure
US$1,747,316
Compensation
Ms. Tamara D. Fischer, also known as Tammy, B.A., serves as Independent Director of Duke Realty Corporation since January 29, 2020. Ms. Fischer serves as President, Chief Executive Officer and Director at ...
CEO Compensation Analysis
Compensation vs Market: Tammy's total compensation ($USD1.75M) is below average for companies of similar size in the US market ($USD4.96M).
Compensation vs Earnings: Tammy's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 6.17yrs | US$2.28m | 5.93% $ 225.8m | |
| President | 1.17yrs | US$1.75m | 0.024% $ 913.3k | |
| Executive VP | 1.17yrs | US$730.14k | 0.00035% $ 13.3k | |
| Executive VP | no data | no data | 2.69% $ 102.3m | |
| Vice President of Investor Relations | 2.17yrs | no data | no data | |
| Arizona Market Executive Vice President of Storage Solutions | no data | no data | no data | |
| Texas Market Executive VP of Move It Self Storage | no data | no data | no data | |
| Senior Vice President of Acquisitions | 1.42yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data |
1.2yrs
Average Tenure
63yo
Average Age
Experienced Management: NSA's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 6.17yrs | US$2.28m | 5.93% $ 225.8m | |
| President | 1.17yrs | US$1.75m | 0.024% $ 913.3k | |
| Executive VP | no data | no data | 2.69% $ 102.3m | |
| Independent Trustee | 5.92yrs | US$150.00k | 0.027% $ 1.0m | |
| Lead Independent Trustee | 5.17yrs | US$152.50k | 0.021% $ 801.3k | |
| Independent Trustee | 5.92yrs | US$152.50k | no data | |
| Independent Trustee | 5.92yrs | US$145.00k | 0.057% $ 2.2m | |
| Independent Trustee | 5.92yrs | US$137.50k | 0% $ 0 | |
| Member of PRO Advisory Committee | no data | no data | no data | |
| Independent Trustee | 1.83yrs | US$137.50k | 0.072% $ 2.7m | |
| Independent Trustee | 5.92yrs | US$150.00k | no data | |
| South California Regional President of Guardian Storage Centers & Member of PRO Advisory Committee | no data | no data | 0.24% $ 9.2m |
5.9yrs
Average Tenure
64yo
Average Age
Experienced Board: NSA's board of directors are considered experienced (5.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.5%.
Top Shareholders
Company Information
National Storage Affiliates Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: National Storage Affiliates Trust
- Ticker: NSA
- Exchange: NYSE
- Founded: NaN
- Industry: Specialized REITs
- Sector: Real Estate
- Implied Market Cap: US$3.810b
- Market Cap: US$2.689b
- Shares outstanding: 101.07m
- Website: https://www.nationalstorageaffiliates.com
Number of Employees
Location
- National Storage Affiliates Trust
- 8400 East Prentice Avenue
- 9th Floor
- Greenwood Village
- Colorado
- 80111
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| NSA | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Apr 2015 |
| 4GC | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Apr 2015 |
| NSA.PRA | NYSE (New York Stock Exchange) | 6% PFD BEN INT A | US | USD | Oct 2017 |
Biography
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 statistic...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/05 23:13 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.