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National Storage Affiliates Trust (NSA)
Real Estate · REIT - Industrial · NYSE
National Storage Affiliates Trust revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $199.05M | $268.13M | $330.90M | $387.90M | $432.22M | $585.67M | $801.57M | $858.06M | $770.34M | $752.93M |
| Gross profit | $134.25M | $183.68M | $227.02M | $277.55M | $308.74M | $430.41M | $590.54M | $629.08M | $558.48M | $535.38M |
| Net income | $17.96M | $2.96M | $14.11M | $3.98M | $48.61M | $105.25M | $90.31M | $137.65M | $91.07M | $53.32M |
| Net margin | 9.0% | 1.1% | 4.3% | 1.0% | 11.2% | 18.0% | 11.3% | 16.0% | 11.8% | 7.1% |
Source: National Storage Affiliates Trust SEC filings (10-K). 12 years of history available in the interactive view.
What growth is priced into NSA stock?
At today's market cap of $6.71B, National Storage Affiliates Trust is priced for free-cash-flow growth of about 9.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $299.81M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 8%/yr over the last five fiscal years and revenue 11.7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 12 years of National Storage Affiliates Trust financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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National Storage Affiliates Trust financial history by metric
About National Storage Affiliates Trust
National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of March 31, 2026, the Company held ownership interests in and operated 1,061 self storage properties, located in 37 states and Puerto Rico with approximately 69.3 million rentable square feet, excluding three properties classified as held for sale, that were sold to a third party in April 2026. 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 was incorporated in 2013 in Maryland, USA.
National Storage Affiliates Trust — frequently asked questions
What is National Storage Affiliates Trust's revenue?
National Storage Affiliates Trust (NSA) reported revenue of $752.93M for fiscal year 2025, down 2.3% from the prior year, according to its SEC filings.
Is National Storage Affiliates Trust profitable?
Yes. NSA earned net income of $53.32M in fiscal 2025, a net margin of 7.1%.
What is NSA's P/E ratio?
National Storage Affiliates Trust trades at a price-to-earnings ratio of about 60.8 based on the latest data in our nightly-refreshed cache.
How fast is National Storage Affiliates Trust growing?
NSA's revenue grew at roughly 11.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does National Storage Affiliates Trust have?
As of fiscal year 2025, NSA carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is National Storage Affiliates Trust's gross margin?
NSA's gross margin was 71.1% in fiscal 2025 — gross profit of $535.38M on revenue of $752.93M.
What is National Storage Affiliates Trust's market cap?
National Storage Affiliates Trust (NSA) has a market capitalization of about $6.71B, based on the latest data in our nightly-refreshed cache.
When does National Storage Affiliates Trust's fiscal year end?
NSA's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into NSA stock?
At today's market cap of $6.71B, National Storage Affiliates Trust is priced for free-cash-flow growth of about 9.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $299.81M from the FY ending 2025-12-31). For comparison, free cash flow actually grew 8%/yr over the last five fiscal years and revenue 11.7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from National Storage Affiliates Trust's official SEC filings (10-K and 10-Q), covering 12 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.