National Storage Affiliates Trust
About: National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. With the help of property management platform, the company manages and controls the day-to-day operations and affairs of consolidated properties and unconsolidated real estate ventures under the iStorage, SecurCare, RightSpace, Northwest and Move It brands.
Employees: 1,466
0
Funds holding %
of 7,323 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 3 (+2) [Q1 2025]
112% more call options, than puts
Call options by funds: $1.37M | Put options by funds: $646K
41% more repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 101
4% more capital invested
Capital invested by funds: $2.57B [Q4 2024] → $2.66B (+$90.3M) [Q1 2025]
0.67% less ownership
Funds ownership: 88.87% [Q4 2024] → 88.2% (-0.67%) [Q1 2025]
3% less funds holding
Funds holding: 344 [Q4 2024] → 334 (-10) [Q1 2025]
11% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 47
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$35
13%
upside
Avg. target
$36
17%
upside
High target
$37
20%
upside
2 analyst ratings
0 positive
0%
1 neutral
50%
1 negative
50%
Wells Fargo Eric Luebchow | 13%upside $35 | Underweight Maintained | 23 Jul 2025 |
Truist Securities Ki Bin Kim | 20%upside $37 | Hold Maintained | 19 May 2025 |
Financial journalist opinion
Neutral
Business Wire
2 weeks ago
National Storage Affiliates Trust Announces Date of Second Quarter 2025 Earnings Release and Conference Call
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Announces Date of Second Quarter 2025 Earnings Release and Conference Call.
Positive
Seeking Alpha
4 weeks ago
Credit Rating For The Unrated REITs (Part 5): National Storage Affiliates Trust
NSA demonstrates a strong market position, stable financials, and good liquidity, supporting a Baa3 (lower investment grade) credit rating after market adjustments. NSA.PR.B preferred stock is the more attractive choice, offering a higher yield, longer call protection, and superior yield to call for long-term income investors. NSA's asset coverage, market-adjusted returns, and fixed cost coverage ratios all support its investment-grade profile, despite higher leverage in its capital structure.
Negative
Seeking Alpha
2 months ago
U.S. REIT Same-Store Net Operating Income Growth Slips In Q1
US equity REITs reported a marginal decline in the median growth rate of their same-store NOI in Q1 as the commercial real estate market continues to face macroeconomic challenges. Among all US equity REITs, the healthcare sector recorded the largest year-over-year gain in same-store NOI during the first quarter, with a median increase of 7.1%. During the first quarter, the office segment incurred losses in its same-store NOI, posting a median year-over-year decline of 0.9%.
Negative
Forbes
2 months ago
What Does Wall Street Hate About These Massive Dividends?
Wall Street analysts have “Buy” ratings on 388 stocks in the S&P 500. That's over 76% of the index!
Neutral
Business Wire
2 months ago
National Storage Affiliates Trust Announces Quarterly Dividends
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Announces Quarterly Dividends.
Neutral
Seeking Alpha
2 months ago
National Storage Affiliates Trust (NSA) Q1 2025 Earnings Call Transcript
National Storage Affiliates Trust (NYSE:NSA ) Q1 2025 Earnings Conference Call May 6, 2025 1:00 PM ET Company Participants George Hoglund - Vice President, Investor Relations Dave Cramer - President & Chief Executive Officer Brandon Togashi - Chief Financial Officer Conference Call Participants Eric Wolfe - Citi Samir Khanal - Bank of America Michael Goldsmith - UBS Robin Haneland - BMO Capital Markets Todd Thomas - KeyBanc Capital Markets Salil Mehta - Green Street Ronald Kamdem - Morgan Stanley Ravi Vaidya - Mizuho Securities Omotayo Okusanya - Deutsche Bank Operator Greetings, and welcome to the National Storage Affiliates First Quarter 2025 Conference Call. At this time, all participants are in a listen-only mode.
Neutral
Zacks Investment Research
2 months ago
Compared to Estimates, National Storage (NSA) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for National Storage (NSA) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
2 months ago
National Storage (NSA) Misses Q1 FFO Estimates
National Storage (NSA) came out with quarterly funds from operations (FFO) of $0.54 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to FFO of $0.60 per share a year ago.
Neutral
Business Wire
2 months ago
National Storage Affiliates Trust Reports First Quarter 2025 Results
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Reports First Quarter 2025 Results.
Positive
Seeking Alpha
2 months ago
National Storage Affiliates: Dividend Looks Tempting, But High Payout Ratio
National Storage Affiliates Trust faces declining earnings, increasing debt, and a high payout ratio, but remains a major player in the self-storage sector. NSA's stock showed stability with a 1.07% increase in 2024, supported by a 6.35% dividend yield despite market volatility. The internalization of the PRO structure is expected to lower overhead costs and enhance long-term shareholder value, despite near-term financial challenges.
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