National Storage Affiliates Trust
Research National Storage Affiliates Trust (NSA) on Bullrun: market cap USD 3.35B, P/E 57.5, dividend yield 5.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNSA
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Industrial
- CurrencyUSD
- Market capUSD 3.35B
- P/E57.5
- Dividend yield5.3%
- Financial periodQ1 2026
- RevenueUSD 185.40M
- Net incomeUSD 17.78M
- Free cash flowUSD 76.84M
- Gross margin71.9%
Valuation Snapshot
latest market cap is USD 3.35B; P/E is 57.5; dividend yield is 5.3%.
Peer valuation comparison
Latest P/E is 57.48x versus a Real Estate sector median of 14.84x (287.4% above).
Latest dividend yield is 5.33% versus a Real Estate sector median of 4.71% (13.3% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 752.93M | USD 73.78M | USD 299.25M | 71.1% | 0.69 | USD 23.33M | USD 3.43B | USD 946.04M |
| FY2024 | USD 770.34M | USD 111.52M | USD 309.75M | 72.5% | 1.18 | USD 50.41M | USD 3.47B | USD 1.08B |
| FY2023 | USD 858.06M | USD 156.67M | n/a | 73.3% | 1.48 | USD 64.98M | USD 3.68B | USD 1.42B |
| FY2022 | USD 801.57M | USD 103.74M | n/a | 73.7% | 0.99 | USD 35.31M | USD 3.17B | USD 1.65B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-07-21 | USD 3.35B | 57.5 | 5.3% | 2.31 |
| 2025 | 2025-12-31 | USD 2.17B | 40.9 | 8.1% | 2.28 |
| 2024 | 2024-12-31 | USD 2.89B | 33.3 | 5.9% | 2.25 |
| 2023 | 2023-12-29 | USD 3.45B | 38.4 | 5.4% | 2.23 |
| 2022 | 2022-12-30 | USD 3.28B | 38.8 | 6.0% | 2.15 |
| 2021 | 2021-12-31 | USD 6.31B | 72.8 | 2.3% | 1.59 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 2.31 USD, yield 5.3%.
| Year | Dividends/share |
|---|---|
| FY2025 | 2.28 USD |
| FY2024 | 2.25 USD |
| FY2023 | 2.23 USD |
| FY2022 | 2.15 USD |
About National Storage Affiliates Trust
National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States.
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Frequently asked questions
What is National Storage Affiliates Trust's market cap?
National Storage Affiliates Trust's market capitalization is USD 3.35B.
What is National Storage Affiliates Trust's P/E ratio?
National Storage Affiliates Trust's price-to-earnings (P/E) ratio is 57.5.
Does National Storage Affiliates Trust pay a dividend?
National Storage Affiliates Trust has a dividend yield of 5.3%.
What does National Storage Affiliates Trust do?
National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of March 31, 2026, the Company held ownership interests in and operated 1,061 self storage properties, located in 37 states and Puerto Rico with approximately 69.3 million rentable square feet, excluding three properties classified as held for sale, that were sold to a third party in April 2026.