National Storage Affiliates Trust (NSA)

• Market cap: $2.36B
• 1 day: -0.32%
• 5 days: -3.73%
• 1 month: 1.96%
• 3 months: -6.72%
• 6 months: -17.61%
• Year to date: -17.91%
• 1 year: -36.23%
• 5 years: -11.32%
• 10 years: 111.14%
• Sector: Real Estate
• Industry: Industrial REIT

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

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

81% more call options, than puts

Call options by funds: $799K | Put options by funds: $441K

13% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 55

1.91% more ownership

Funds ownership: 89.69% [Q1] → 91.6% (+1.91%) [Q2]

3% more repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 117

0% more funds holding

Funds holding: 336 [Q1] → 336 (+0) [Q2]

16% less capital invested

Capital invested by funds: $2.7B [Q1] → $2.26B (-$439M) [Q2]

33% less funds holding in top 10

Funds holding in top 10: 3 [Q1] → 2 (-1) [Q2]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $32
• Avg. target: $34
• High target: $36

6 analyst ratings

• positive: 0 0%
• neutral: 4 67%
• negative: 2 33%

UBS Michael Goldsmith	$32	Neutral Maintained	16 Sep 2025
Evercore ISI Group Steve Sakwa	$32	Underperform Maintained	15 Sep 2025
Truist Securities Ki Bin Kim	$32	Hold Maintained	25 Aug 2025
Baird Wesley Golladay	$34	Neutral Maintained	12 Aug 2025
Barclays Brendan Lynch	$36	Equal-Weight Maintained	8 Aug 2025