National Storage Affiliates Trust Past Earnings Performance
Past criteria checks 2/6
National Storage Affiliates Trust has been growing earnings at an average annual rate of 25.5%, while the Specialized REITs industry saw earnings growing at 11.9% annually. Revenues have been growing at an average rate of 14.8% per year. National Storage Affiliates Trust's return on equity is 6.4%, and it has net margins of 6.1%.
Key information
25.54%
Earnings growth rate
24.17%
EPS growth rate
| Specialized REITs Industry Growth | 18.00% |
| Revenue growth rate | 14.77% |
| Return on equity | 6.36% |
| Net Margin | 6.06% |
| Last Earnings Update | 31 Mar 2025 |
Recent past performance updates
Recent updates
National Storage Affiliates: Dividend Looks Tempting, But High Payout Ratio
May 02National Storage Affiliates: Core FFO May Reach $2.55/Share In 2025
Feb 11National Storage Affiliates: A Sunbelt Star To Buy At The Right Price
Nov 20National Storage: No More Upside (Rating Downgrade)
Sep 06
Operational Risks And Market Challenges Threaten Revenue And Margin Growth
Aug 30 Transitioning PRO managed stores to NSA's platform and pushing early electronic customer rate increases carry operational risks and depend on customer acceptance.National Storage: Upside Remains After My Last Article
Jul 05National Storage Affiliates: Short-Term Pain, Long-Term Gain
Mar 26NSA: An Update On Higher-Yielding Self-Storage
Nov 19National Storage Affiliates: Buy This 7% Yielding Self-Storage REIT
Oct 17Unlocking Growth In National Storage Affiliates' Storage Landscape
Aug 11A Look At National Storage Affiliates
Jun 05National Storage: Looking Even Better With Undervaluation
May 28National Storage Affiliates declares $0.55 dividend
Feb 22Revenue & Expenses Breakdown
How National Storage Affiliates Trust makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 25 | 742 | 45 | 70 | 0 |
| 31 Dec 24 | 754 | 91 | 73 | 0 |
| 30 Sep 24 | 787 | 143 | 75 | 0 |
| 30 Jun 24 | 819 | 154 | 77 | 0 |
| 31 Mar 24 | 850 | 167 | 75 | 0 |
| 31 Dec 23 | 866 | 138 | 75 | 0 |
| 30 Sep 23 | 859 | 102 | 70 | 0 |
| 30 Jun 23 | 847 | 96 | 70 | 0 |
| 31 Mar 23 | 830 | 93 | 70 | 0 |
| 31 Dec 22 | 809 | 90 | 69 | 0 |
| 30 Sep 22 | 774 | 85 | 65 | 0 |
| 30 Jun 22 | 717 | 93 | 63 | 0 |
| 31 Mar 22 | 656 | 96 | 60 | 0 |
| 31 Dec 21 | 591 | 92 | 58 | 0 |
| 30 Sep 21 | 530 | 85 | 54 | 0 |
| 30 Jun 21 | 487 | 68 | 52 | 0 |
| 31 Mar 21 | 452 | 50 | 50 | 0 |
| 31 Dec 20 | 432 | 35 | 49 | 0 |
| 30 Sep 20 | 418 | 31 | 49 | 0 |
| 30 Jun 20 | 409 | 8 | 49 | 0 |
| 31 Mar 20 | 398 | -10 | 50 | 0 |
| 31 Dec 19 | 383 | -8 | 49 | 0 |
| 30 Sep 19 | 370 | -27 | 47 | 0 |
| 30 Jun 19 | 355 | -14 | 45 | 0 |
| 31 Mar 19 | 342 | 1 | 42 | 0 |
| 31 Dec 18 | 329 | 4 | 40 | 0 |
| 30 Sep 18 | 315 | 9 | 37 | 0 |
| 30 Jun 18 | 298 | 9 | 36 | 0 |
| 31 Mar 18 | 281 | 8 | 35 | 0 |
| 31 Dec 17 | 266 | 1 | 34 | 0 |
| 30 Sep 17 | 250 | 13 | 32 | 0 |
| 30 Jun 17 | 235 | 11 | 30 | 0 |
| 31 Mar 17 | 219 | 16 | 27 | 0 |
| 31 Dec 16 | 198 | 18 | 25 | 0 |
| 30 Sep 16 | 178 | 14 | 21 | 0 |
| 30 Jun 16 | 161 | 19 | 20 | 0 |
| 31 Mar 16 | 145 | 15 | 19 | 0 |
| 31 Dec 15 | 134 | 12 | 19 | 0 |
| 30 Sep 15 | 122 | 8 | 15 | 0 |
| 30 Jun 15 | 108 | 3 | 13 | 0 |
| 31 Mar 15 | 92 | 0 | 10 | 0 |
| 31 Dec 14 | 77 | 0 | 10 | 0 |
| 30 Sep 14 | 63 | 0 | 9 | 0 |
| 30 Jun 14 | 54 | 1 | 8 | 0 |
Quality Earnings: NSA has high quality earnings.
Growing Profit Margin: NSA's current net profit margins (6.1%) are lower than last year (19.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NSA has become profitable over the past 5 years, growing earnings by 25.5% per year.
Accelerating Growth: NSA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NSA had negative earnings growth (-73%) over the past year, making it difficult to compare to the Specialized REITs industry average (0.2%).
Return on Equity
High ROE: NSA's Return on Equity (6.4%) 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 | 2025/05/15 10:55 |
| End of Day Share Price | 2025/05/15 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
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 Github.
Analyst Sources
National Storage Affiliates Trust is covered by 27 analysts. 8 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 |