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National Storage Affiliates Trust NSA

NYSE · reit · Real Estate Investment Trusts · website · IPO 2015-04-23 · LEI

National Storage Affiliates Trust statistics & valuation

Market cap$6.1B
P / E82.6×
P / S8.1×
P / B4.0×
Dividend yield2.87%
Net margin9.8%
Return on equity4.8%
Graham number$17.58

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($17.58); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.00% 1.10% 4.30% 1.00% 11.20% 18.00% 12.90% 18.30% 14.50% 9.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
29.00% 29.30% 30.70% 2016201720182019202020212022202320242025
Return on equity (%)
1.80% 0.20% 1.00% 0.30% 3.40% 4.20% 4.30% 7.40% 6.30% 4.80% 2016201720182019202020212022202320242025
Shares outstanding
78.7M 50.3M 56.7M 59.7M 71.3M 134.5M 91.2M 146.0M 76.8M 77.1M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.90% 0.10% 0.50% 0.10% 1.40% 1.90% 1.70% 2.60% 2.10% 1.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$0.31 $0.01 $0.07 -$0.15 $0.53 $0.98 $0.99 $1.48 $1.18 $0.69 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin———————30.7%29.3%29.0%
Net margin9.8%14.5%18.3%12.9%18.0%11.2%1.0%4.3%1.1%9.0%
Return on assets1.5%2.1%2.6%1.7%1.9%1.4%0.1%0.5%0.1%0.9%
Return on equity4.8%6.3%7.4%4.3%4.2%3.4%0.3%1.0%0.2%1.8%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.