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.
National Storage Affiliates Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$56.19|
|52 Week High||US$31.82|
|52 Week Low||US$59.34|
|1 Month Change||3.12%|
|3 Month Change||9.43%|
|1 Year Change||75.10%|
|3 Year Change||121.22%|
|5 Year Change||166.18%|
|Change since IPO||332.23%|
Recent News & Updates
|NSA||US REITs||US Market|
Return vs Industry: NSA exceeded the US REITs industry which returned 39.9% over the past year.
Return vs Market: NSA exceeded the US Market which returned 36.2% over the past year.
Stable Share Price: NSA is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: NSA's weekly volatility (2%) has been stable over the past year.
About the Company
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. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States.
National Storage Affiliates Trust Fundamentals Summary
|NSA fundamental statistics|
Is NSA overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NSA income statement (TTM)|
|Cost of Revenue||US$129.84m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.95|
|Net Profit Margin||13.94%|
How did NSA perform over the long term?See historical performance and comparison
2.9%Current Dividend Yield
Is National Storage Affiliates Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NSA ($56.19) is trading below our estimate of fair value ($72.59)
Significantly Below Fair Value: NSA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NSA is poor value based on its PE Ratio (98.3x) compared to the US REITs industry average (49.8x).
PE vs Market: NSA is poor value based on its PE Ratio (98.3x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: NSA is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: NSA is overvalued based on its PB Ratio (7x) compared to the US REITs industry average (2x).
How is National Storage Affiliates Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NSA's forecast earnings growth (29.5% per year) is above the savings rate (2%).
Earnings vs Market: NSA's earnings (29.5% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NSA's revenue (12.5% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: NSA's revenue (12.5% 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 (14%).
How has National Storage Affiliates Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NSA has high quality earnings.
Growing Profit Margin: NSA's current net profit margins (13.9%) are higher than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: NSA's earnings have grown significantly by 21.2% per year over the past 5 years.
Accelerating Growth: NSA's earnings growth over the past year (732.1%) exceeds its 5-year average (21.2% per year).
Earnings vs Industry: NSA earnings growth over the past year (732.1%) exceeded the REITs industry 3.9%.
Return on Equity
High ROE: NSA's Return on Equity (6.5%) is considered low.
How is National Storage Affiliates Trust's financial position?
Financial Position Analysis
Short Term Liabilities: NSA's short term assets ($45.4M) do not cover its short term liabilities ($49.3M).
Long Term Liabilities: NSA's short term assets ($45.4M) do not cover its long term liabilities ($2.2B).
Debt to Equity History and Analysis
Debt Level: NSA's debt to equity ratio (125.2%) is considered high.
Reducing Debt: NSA's debt to equity ratio has reduced from 128.8% to 125.2% over the past 5 years.
Debt Coverage: NSA's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: NSA's interest payments on its debt are not well covered by EBIT (2.7x coverage).
What is National Storage Affiliates Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NSA's dividend (2.92%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: NSA's dividend (2.92%) is low compared to the top 25% of dividend payers in the US market (3.63%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NSA has been paying a dividend for less than 10 years.
Growing Dividend: NSA's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.6%), NSA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NSA's dividends in 3 years are forecast to be covered by earnings (68.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tammy Fischer (65 yo)
Ms. Tamara D. Fischer, also known as Tammy, B.A., has been an Independent Director of Duke Realty Corporation since January 29, 2020. Ms. Fischer serves as the President, Chief Executive Officer and Direct...
CEO Compensation Analysis
Compensation vs Market: Tammy's total compensation ($USD2.78M) is below average for companies of similar size in the US market ($USD6.46M).
Compensation vs Earnings: Tammy's compensation has increased by more than 20% in the past year.
Experienced Management: NSA's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Experienced Board: NSA's board of directors are considered experienced (6.4 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.8%.
National Storage Affiliates Trust's employee growth, exchange listings and data sources
- Name: National Storage Affiliates Trust
- Ticker: NSA
- Exchange: NYSE
- Founded: NaN
- Industry: Specialized REITs
- Sector: Real Estate
- Implied Market Cap: US$6.727b
- Market Cap: US$5.016b
- Shares outstanding: 118.82m
- Website: https://www.nationalstorageaffiliates.com
Number of Employees
- National Storage Affiliates Trust
- 8400 East Prentice Avenue
- 9th Floor
- Greenwood Village
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 23:07|
|End of Day Share Price||2021/09/23 00:00|
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.