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NSA · National Storage Affiliates Trust

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$44.50 At close · Jul 17
Market Cap
$3.35B
Shares
77.21M

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$44.50 Open$45.56 Day$44.40–46.07 Available close range$44.50–44.50 Avg vol available · 1d2.7M Short int4.6M · 6.0% float · 4.4d Short vol36% Last earningsFeb 26, 2026 DataJul 2026–Jul 2026 Filing10-Q · May 5

The closing range uses available history since Jul 17, 2026; less than a full year is stored.

Up next

FQ3-26 quarter ends
~Sep 30, 2026 Est
filed May 5, 2026

AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Ask ALVIS about this →

      Equibles Rating

      blended score · not investment advice
      Overall
      Sell
      SellHoldBuy
      Technical Limited Momentum Limited Sentiment Neutral Fundamentals Poor Quant / Vol Limited
      Market backdrop VIX 15.1 · calm Equity put/call 0.51
      Technical
      price trend
      Limited
      Not enough data for a confident read.
      Momentum
      relative strength
      Limited
      Not enough data for a confident read.
      Sentiment
      smart money
      Neutral
      Trend (MA cross) No cross
      50/200-day averages unavailable
      Institutional flow Accumulating
      +1% holders QoQ · +53 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Rising
      5.95% of float · ▲ +10.5% MoM · 4.4 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      337 holders — mid 3-yr range
      Fundamentals
      Poor
      Revenue growth −2%
      Y/Y
      EPS growth −42%
      Y/Y
      Valuation P/E 57.9
      rich
      Buyback $350.3M
      remaining
      Balance sheet $849.9M
      net debt
      Quant / Vol
      risk profile
      Limited
      Not enough data for a confident read.

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record

      Latest guidance · from the 8-K filed Feb 25, 2026
      Same store property operating expenses growth · Full Year 2026 2% – 4%
      Earnings per share - diluted · Full Year 2026 GAAP $0.93 – $1.03
      Prior guidance period ended · from the 8-K filed Nov 3, 2025
      Same store property operating expenses growth · Full Year 2025 3.25% – 4.25%
      Earnings per share - diluted · Full Year 2025 $0.71 – $0.74

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Neutral
      0 · 1 · 0
      50 / 200-day cross
      No cross Neutral
      Market signals — smart money & positioning
      Mixed
      Trend (MA cross) No cross
      50/200-day averages unavailable
      Institutional flow Accumulating
      +1% holders QoQ · +53 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Rising
      5.95% of float · ▲ +10.5% MoM · 4.4 days cover
      Volume signal Normal
      Volume near normal
      Institution breadth Steady
      337 holders — mid 3-yr range
      Price context
      position in its available closing range
      Price range unavailable — no recent comparable closes.

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from written earnings releases and filings
      Metric Latest Period YoY
      Adjusted EBITDA non-GAAP $124.95M Three Months Ended March 31, 2026
      Available capacity on revolving line of credit $530.6M as of March 31, 2026
      Core FFO attributable to common shareholders, OP unitholders, and LTIP unitholders non-GAAP $76.79M Three Months Ended March 31, 2026
      GAAP → non-GAAP reconciliation
      GAAP FFO per share and unit $0.49
      +$0.01 Add acquisition costs
      +$0 Add integration costs
      +$0.07 Add merger related costs
      = Core FFO per share and unit $0.57
      EBITDA non-GAAP $118.46M Three Months Ended March 31, 2026
      FFO attributable to common shareholders, OP unitholders, and LTIP unitholders non-GAAP $66M Three Months Ended March 31, 2026
      GAAP → non-GAAP reconciliation
      GAAP Earnings per share - diluted $0.16
      -$0.07 Impact of the difference in weighted average number of shares
      +$0.07 Impact of GAAP accounting for noncontrolling interests, two-class method and treasury stock method
      +$0.34 Add real estate depreciation and amortization
      -$0.01 Add equity in (earnings) losses of unconsolidated real estate ventures
      +$0.05 Add Company's share of FFO in unconsolidated real estate ventures
      -$0.05 Subtract gain on sale of self storage properties
      = FFO per share and unit $0.49
      Net Operating Income non-GAAP $121.77M Three Months Ended March 31, 2026
      Number of Stores at March 31, 2026 262 As of March 31, 2026
      Occupancy at Period End 83.9% As of March 31, 2026
      Occupancy at Period End (Total Operated) 84.3% As of March 31, 2026
      Rentable Square Feet (Wholly-Owned) 51,105,102 As of March 31, 2026
      Same store period-end occupancy 84.5% as of March 31, 2026
      Self storage properties 1,061 as of March 31, 2026
      Stores (Total Operated) 1,061 As of March 31, 2026
      Stores (Wholly-Owned) 799 As of March 31, 2026
      Total Rentable Square Feet 18,230,993 As of March 31, 2026
      Total weighted average shares and units outstanding - FFO and Core FFO non-GAAP 135.03M Three Months Ended March 31, 2026
      Units (Wholly-Owned) 402,419 As of March 31, 2026
      Same store NOI change non-GAAP -4.5% Full year 2025
      Same store stores 771 Q4 2025

      Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

      Versus peers

      REIT - Industrial — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      NSA
      National Storage Affiliates Trust
      this stock
      $3.35B -2.3% 57.9 6.0%
      PLD
      Prologis, Inc.
      $132.21B +11.1% +7.2% 35.7 1.9%
      PSA
      Public Storage
      $56.64B +24.3% +2.7% 30.8 3.2%
      EXR
      Extra Space Storage Inc.
      $31.02B +12.7% +3.7% 32.5 2.2%
      EGP
      Eastgroup Properties Inc
      $10.81B +12.8% +12.7% 35.3 4.4%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Reducing
      Holders
      337
      % held
      92.7%
      Net QoQ
      -137.8K sh
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      303
      View
      Short & Settlement
      Short Interest Rising
      Shares short
      4.6M
      Days to cover
      4.4d
      Change
      +438.0K sh
      View
      Short Volume
      Short vol %
      36%
      As of
      Jul 21, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      113
      Value
      $4.9K
      As of
      Jul 23, 2026
      View
      Off-Exchange
      Off-exchange %
      100.0%
      Week of
      Jul 13, 2026
      Off-exch Lit
      View
      Smart Money
      Congressional Trades Sell
      Member
      Lois Frankel
      Amount
      $1.0K–$15.0K
      Traded
      Sep 8, 2023
      View
      Financials
      Financials
      Revenue (FY)
      $752.9M
      Net income (FY)
      $73.8M
      EPS diluted
      $0.69
      View
      Buybacks
      Remaining
      $350.3M
      View
      Filings
      SEC Filings
      Latest
      8-K
      Filed
      Jul 22, 2026
      This year
      11
      View
      Exempt Offerings
      Offering
      $139.6M
      Filed
      Mar 29, 2023
      View
      Earnings & Events
      Earnings Calls
      Last call
      Feb 26, 2026
      View

      Performance

      5D 20D 120D MTD YTD
      NSA
      SPY -1.5% +0.3% +7.8% -0.5% +9.0%
      vs SPY

      Capital returns

      Latest dividend
      $0.0336 / share · ex Jul 21, 2026
      Cut 94.1%
      Paid (TTM)
      $2.3136 / share · 5 payouts
      Dividend yield (TTM, derived)
      5.20%
      Buyback program · as of Mar 31, 2026
      Authorized
      Spent (derived)
      Remaining
      $350.30M

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 1618563 CUSIP 637870106 13F (30d) 291 filings 284 filers Visit website Investor relations