NSA · National Storage Affiliates Trust
Price & Indicators
The closing range uses available history since Jul 17, 2026; less than a full year is stored.
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AI Brief
TL;DR.
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 adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative 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 non-GAAP | $76.79M | first quarter 2026 | — |
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| Core FFO attributable to common shareholders, OP unitholders, and LTIP unitholders non-GAAP | $76.79M | Three Months Ended March 31, 2026 | — |
| Core FFO per share and unit non-GAAP | $0.57 | first quarter 2026 | — |
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GAAP → non-GAAP reconciliationGAAP 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
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| 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 | — |
| FFO per share and unit non-GAAP | $0.49 | first quarter 2026 | — |
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GAAP → non-GAAP reconciliationGAAP 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
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| 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 average annualized rental revenue per occupied square foot | $15.88 | first quarter 2026 | — |
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| Same store average occupancy | 84.2% | first quarter 2026 | — |
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| Same store NOI non-GAAP | $115.83M | first quarter 2026 | — |
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| Same store NOI margin non-GAAP | 70.5% | first quarter 2026 | — |
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| Same store period-end occupancy | 84.5% | as of March 31, 2026 | — |
| Same store property operating expenses change | 3.9% | first quarter 2026 | — |
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| Same store total revenues change | 0.2% | first quarter 2026 | — |
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| 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| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
NSA
this stock
National Storage Affiliates Trust
|
$3.35B | — | -2.3% | 57.9 | 6.0% |
|
PLD
Prologis, Inc.
|
$132.21B | +11.1% | +7.2% | 35.7 | 1.9% |
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PSA
Public Storage
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$56.64B | +24.3% | +2.7% | 30.8 | 3.2% |
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EXR
Extra Space Storage Inc.
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$31.02B | +12.7% | +3.7% | 32.5 | 2.2% |
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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 sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| NSA | — | — | — | — | — |
| SPY | -1.5% | +0.3% | +7.8% | -0.5% | +9.0% |
| vs SPY | — | — | — | — | — |
Capital returns
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.