NSA
National Storage Affiliates Trust
$44.80
-1.14 (-2.48%)
At close · Jul 8
Market Cap
$3.46B
Shares
77,212,533
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$752.93M
-2.3%
FY2025
Net Income
$73.78M
-33.8%
FY2025
Gross Margin
71.11%
-1.4pp
FY2025
Operating Margin
30.72%
+1.4pp
FY2018
Diluted EPS
$0.69
-41.5%
FY2025
Operating Cash Flow
$338.5M
-6.8%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $749.98M | $752.93M | $770.34M | $858.06M | $801.57M | $585.67M | $432.22M | $387.9M | $330.9M | $268.13M | $199.05M | $133.92M | $76.97M | |
| $677.23M | $678.49M | $700.25M | $793.97M | $748.81M | $541.55M | $394.66M | $354.86M | $308.4M | $251.81M | — | — | — | |
| $214.48M | $217.55M | $211.85M | $228.99M | $211.03M | $155.27M | $123.49M | $110.35M | $103.88M | $84.46M | $64.8M | — | — | |
| $535.5M | $535.38M | $558.48M | $629.08M | $590.54M | $430.41M | $308.74M | $277.55M | $227.02M | $183.68M | $134.25M | — | — | |
| — | 71.11% | 72.5% | 73.31% | 73.67% | 73.49% | 71.43% | 71.55% | 68.61% | 68.5% | 67.45% | — | — | |
| $51.22M | $51.13M | $57.61M | $59.28M | $59.31M | $51M | $43.64M | $44.03M | $35.92M | $30.06M | $21.53M | $16.27M | $8.19M | |
| $187.34M | $189.32M | $189.86M | $221.99M | $233.16M | $158.31M | $117.17M | $105.12M | $89.15M | $75.12M | $55.06M | $40.65M | $23.79M | |
| $254.83M | — | — | — | — | — | — | — | $229.24M | $189.63M | $141.39M | $102.33M | $59.89M | |
| $467.95M | $474.29M | $473.18M | $521.37M | $512.03M | $367.43M | $285.11M | $261.05M | $229.24M | $189.63M | — | — | — | |
| — | — | — | — | — | — | — | — | $101.65M | $78.5M | $57.66M | $31.59M | $17.08M | |
| — | — | — | — | — | — | — | — | 30.72% | 29.28% | 28.97% | 23.59% | 22.19% | |
| — | — | — | — | — | — | — | — | $190.8M | $153.62M | $112.72M | $72.24M | $40.87M | |
| $161.23M | $162.45M | $154.26M | $166.15M | $110.6M | $72.06M | $62.6M | $56.46M | $42.72M | $34.07M | $24.11M | $20.78M | $23.03M | |
| -$155.13M | -$159.27M | -$110.12M | -$98.12M | -$101.08M | -$69.62M | -$65.97M | -$59.49M | -$44.51M | -$31.34M | -$32.42M | -$26.61M | -$33.44M | |
| — | $16.29M | $63.84M | $63.91M | $5.47M | $0 | $0 | $2.81M | $391K | $5.72M | $0 | $0 | — | |
| -$433K | -$7.33M | -$16.08M | $7.55M | $7.75M | $5.29M | $265K | -$4.97M | -$1.42M | -$2.34M | -$1.48M | $0 | $0 | |
| $126.9M | $119.38M | $187.04M | $238.58M | $188.45M | $148.63M | $81.15M | $67.36M | $57.14M | $47.16M | $25.23M | $4.98M | — | |
| $2.46M | $3.1M | $3.77M | $1.59M | $4.69M | $1.69M | $1.67M | $1.35M | $818K | $1.16M | $368K | $187K | — | |
| $67.08M | $73.78M | $111.52M | $156.67M | $103.74M | $105.25M | $48.61M | $3.98M | $14.11M | $2.96M | $17.97M | $12.44M | $0 | |
| — | 9.8% | 14.48% | 18.26% | 12.94% | 17.97% | 11.25% | 1.03% | 4.26% | 1.1% | 9.03% | 9.29% | 0% | |
| $45.87M | $42.49M | $71.75M | $80.32M | $80.03M | $41.68M | $30.87M | $62.03M | $42.22M | $43.04M | $6.9M | -$7.64M | -$16.36M | |
| $58.07M | $53.32M | $91.07M | $137.65M | $90.31M | $92.15M | $35.51M | -$8.41M | $3.76M | $661K | $17.97M | $12.44M | — | |
| $75.38M | $62.6M | $110.31M | $138.98M | $163.67M | $136.13M | $11.06M | -$17.24M | $14.86M | $5.54M | $26.71M | $12.44M | $0 | |
| USD/shares | — | $0.69 | $1.18 | $1.58 | $0.99 | $1.13 | $0.53 | -$0.15 | $0.07 | $0.01 | $0.60 | $0.80 | $0.00 |
| USD/shares | — | $0.69 | $1.18 | $1.48 | $0.99 | $0.98 | $0.53 | -$0.15 | $0.07 | $0.01 | $0.31 | $0.17 | $0.00 |
| shares | — | 76.64M | 76.84M | 86.85M | 91.24M | 81.2M | 66.55M | 58.21M | 53.29M | 44.42M | 29.89M | 15.46M | 1000 |
| shares | — | 76.64M | 76.84M | 146.02M | 91.24M | 134.54M | 66.61M | 58.21M | 53.29M | 44.42M | 78.75M | 45.41M | 1000 |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2014–FY2025: $675.46M in buybacks, $1.18B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
EV/EBIT
—
P/E (TTM)
59.73×
REIT - Industrial median 32.99×
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Reportable Segment | $752,929,000 | $770,335,000 | $858,063,000 | $801,569,000 |
By Product & Service (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Management Fees and Other | $48,529,000 | $42,726,000 | $34,411,000 | $27,624,000 | $24,374,000 | $23,038,000 | $20,735,000 | $12,310,000 |
| Tenant Warranty Protection | $28,000,000 | $22,800,000 | $17,200,000 | $9,500,000 | $7,300,000 | $6,300,000 | $4,700,000 | $2,400,000 |
| Property Related Other | $25,911,000 | $27,362,000 | $29,686,000 | $25,131,000 | $19,750,000 | $14,524,000 | $12,302,000 | $10,183,000 |
| Tenant Insurance and Protection Plan Fees and Commissions | $22,700,000 | $22,900,000 | $24,100,000 | $19,800,000 | $15,000,000 | $11,100,000 | $9,100,000 | $7,500,000 |
| Property Management Call Center and Platform Fees | $18,800,000 | $18,300,000 | $16,800,000 | $16,500,000 | $14,800,000 | $13,100,000 | $12,800,000 | $7,800,000 |
| Retail Products and Supplies | $1,500,000 | $1,900,000 | $2,300,000 | $2,600,000 | $2,300,000 | $1,800,000 | $1,700,000 | $1,500,000 |
| Acquisition Fees | $300,000 | $600,000 | $0 | $1,200,000 | $800,000 | $1,700,000 | $1,800,000 | $1,600,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Reportable Segment | $486,854,000 | $515,757,000 | $594,666,000 | $562,920,000 |
Operating Margin by Segment (%)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Reportable Segment | 64.7% | 67% | 69.3% | 70.2% |
Key facts
CIK
1618563
CUSIP
637870106
13F (30d)
10 filings
9 filers
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