NSA

Based on National Storage Affiliates Trust's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

What does National Storage Affiliates Trust do?

National Storage Affiliates Trust owns, operates, and acquires self-storage properties across the top 100 U.S. metropolitan areas. It leases storage units to individuals and businesses on flexible terms. The trust operates as a REIT, distributing most of its income to shareholders as dividends.

Does NSA pay dividends?

Yes, NSA pays a regular dividend. As a real estate investment trust, it is required by law to distribute the majority of its taxable income to shareholders. Income-focused investors often consider REITs like NSA for their dividend characteristics, though payout levels depend on ongoing operational performance.

When does NSA report earnings?

NSA reports earnings quarterly, in line with standard U.S. REIT reporting schedules. Key metrics to watch include funds from operations, occupancy rates, and same-store revenue trends. For exact dates, check National Storage Affiliates Trust's investor relations page.

Is NSA a good stock to buy?

UQS Score rates NSA as Below Average overall. While the Quality pillar shows relative strength and Valuation is Neutral, the Moat, Growth, and Risk pillars all carry Weak ratings. Whether NSA fits a portfolio depends on an investor's income needs, risk tolerance, and view on the self-storage sector. See the full pillar breakdown on UQS Score.

Is NSA overvalued?

UQS Score rates NSA's Valuation pillar as Neutral, suggesting the stock is neither clearly expensive nor deeply discounted relative to its fundamentals. For REIT valuation, metrics like price-to-FFO and dividend yield context matter — Pro members can access the detailed valuation metrics behind this rating.

How does NSA compare to its competitors?

NSA focuses specifically on self-storage, distinguishing it from industrial REIT peers like LXP Industrial Trust and Americold Realty Trust, which serve logistics and cold-storage markets. NSA's affiliated operator model is a structural differentiator, though its Weak Moat rating suggests limited competitive insulation within the broader real estate sector.

What is NSA's market cap bracket?

NSA is classified as a mid-cap stock. This places it in a range that typically attracts both institutional and retail investor interest, though mid-cap REITs can carry more volatility than their large-cap counterparts and may have less access to low-cost capital.

Who founded National Storage Affiliates Trust?

National Storage Affiliates Trust was organized in 2015 as a Maryland real estate investment trust. Founding context and leadership history are publicly available through the company's SEC filings and investor relations materials.

Is NSA a long-term quality investment?

As a long-term quality indicator, NSA's Below Average UQS Score reflects concerns across Moat, Growth, and Risk pillars that could weigh on compounding potential over time. The Quality pillar offers some reassurance, but investors focused on long-term durability should weigh the full picture available in the Pro analysis.

What is the main competitive advantage of National Storage Affiliates Trust?

NSA's affiliated operator model allows it to partner with regional self-storage operators, enabling portfolio growth without fully acquiring every property outright. This structure provides some capital efficiency. However, UQS Score rates NSA's Moat as Weak, indicating this advantage may not provide durable pricing power in a fragmented market.

What sector does NSA belong to?

NSA operates in the Real Estate sector, specifically within the self-storage REIT sub-segment. Self-storage REITs are considered a defensive real estate category, as demand for storage tends to be relatively resilient across economic cycles, though they are not immune to interest rate and occupancy pressures.

National Storage Affiliates Trust shows solid profitability with healthy returns on capital and reasonable margins.

National Storage Affiliates Trust faces growth headwinds with declining or stagnant revenue trends.

National Storage Affiliates Trust presents elevated risk with concerns around leverage or financial stability.

National Storage Affiliates Trust trades at a reasonable valuation with decent earnings yield and FCF multiples.

National Storage Affiliates Trust operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for NSA.

The UQS (Unified Quality Score) for National Storage Affiliates Trust is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses National Storage Affiliates Trust's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether National Storage Affiliates Trust is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.