National Storage Affiliates Trust

National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.

Earnings data Q2 2020

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

NSA reports 5.7% same store revenue growth in Q1 2023

NSA's Q1 2023 performance showed positive same store revenue growth and occupancy rates. However, challenges in the transaction market and cautiousness about the current quarter were highlighted. The company remains optimistic about the self-storage sector's ability to navigate economic environments.

NSA faces short-term pressure but pursues asset management opportunities

NSA faces short-term pressure due to market challenges but is actively managing its portfolio and evaluating new opportunities. Despite a decrease in core FFO per share, the company is focused on maintaining a balanced balance sheet and expects better comps and less volatility in 2024.

National Storage Affiliates Trust reports Q3 core FFO decrease

NSA's Q3 performance saw a decrease in core FFO per share, with a focus on technology investments and strategic initiatives for portfolio optimization. The company faces challenges in occupancy and revenue projections but sees opportunities in acquisitions and potential dispositions.

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It's been an unexpectedly difficult year for the real estate investment trust ( REIT ) sector. REITs have historically outperformed the stock market over long stretches of the past 50 years.

7 REITs to Buy Now: Q2 Edition

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Announces Date of its First Quarter 2024 Earnings Release and Conference Call.

National Storage Affiliates Trust Announces Date of its First Quarter 2024 Earnings Release and Conference Call

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Announces Promotion of Melissa Cameron to Chief Marketing Officer.

National Storage Affiliates Trust Announces Promotion of Melissa Cameron to Chief Marketing Officer

National Storage Affiliates is trading below its historical valuations, presenting a potential opportunity for investors. NSA has a strategy of owning properties in secondary markets with above-average population growth, positioning it for long-term growth. Despite a slowdown in operating metrics, NSA has achieved strong growth in revenue and NOI over the past five years and has potential for a rebound in performance.

National Storage Affiliates: Short-Term Pain, Long-Term Gain

National Storage Affiliates Trust (NSA) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for National Storage (NSA) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, National Storage (NSA) Q4 Earnings: A Look at Key Metrics

National Storage (NSA) came out with quarterly funds from operations (FFO) of $0.68 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to FFO of $0.71 per share a year ago.

National Storage (NSA) Q4 FFO and Revenues Beat Estimates

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Reports Fourth Quarter and Full Year 2023 Results.

National Storage Affiliates Trust Reports Fourth Quarter and Full Year 2023 Results

Besides Wall Street's top -and-bottom-line estimates for National Storage (NSA), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Stay Ahead of the Game With National Storage (NSA) Q4 Earnings: Wall Street's Insights on Key Metrics

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GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Announces the Appointment of Lisa R. Cohn to the Board of Trustees.

National Storage Affiliates Trust Announces the Appointment of Lisa R. Cohn to the Board of Trustees

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Announces Quarterly Dividends.

National Storage Affiliates Trust Announces Quarterly Dividends

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Announces Date of its Fourth Quarter 2023 Earnings Release and Conference Call.

National Storage Affiliates Trust Announces Date of its Fourth Quarter 2023 Earnings Release and Conference Call

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Announces Tax Treatment of 2023 Distributions.

National Storage Affiliates Trust Announces Tax Treatment of 2023 Distributions

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Self-Storage REITs delivered incredible growth early in the pandemic driven by surging housing market activity, but have been victims to their own success of late amid a supply-driven cooldown. Robust double-digit rent growth and relatively low operational barriers to entry prompted a wave of new development, with a roughly 12% expansion in total supply expected between 2022 and 2024. This supply boom - twice the magnitude of the multifamily sector - has reignited fierce "storage wars" between competing facilities, which has led to double-digit dips in new lease rates since mid-2022.

Storage REITs: Victims Of Own Success

National Storage Affiliates is a real estate investment trust specializing in self-storage properties. Self-storage services are resilient during economic crises due to consistent demand driven by life events. The self-storage market is growing due to population growth, urbanization, and consumerism, with a fragmented market offering acquisition opportunities.

National Storage: Room For Improvement And A Lot To Prove, But Valuation Looks Good

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REITWorld conference in Los Angeles featured 29 meetings, including exclusive sessions with REIT CEOs and CFOs, and property tours. Common themes discussed included cautious optimism on 2024 fundamentals, distressed opportunities, and challenges in the market. Actionable ideas and key takeaways were gathered from the meetings, covering various sectors such as shopping centers, healthcare, multifamily, self-storage, industrial, office, and life science.

Property Type Round-Up From REITWorld

The author owns shares in both Public Storage (PSA) and National Storage Affiliates (NSA), despite both being in the red. The author has increased their exposure to the self-storage sector due to attractive valuations, focusing on NSA and PSA. NSA is a good company with a better yield than PSA, but is expected to have a decline in FFO over the next two years.

NSA: An Update On Higher-Yielding Self-Storage

National Storage Affiliates Trust (NYSE:NSA ) Q3 2023 Earnings Conference Call November 2, 2023 1:00 PM ET Company Participants George Hoglund - VP, IR Dave Cramer - President and CEO Brandon Togashi - CFO Conference Call Participants Michael Goldsmith - UBS Juan Sanabria - BMO Capital Markets Smedes Rose - Citi Jeff Spector - Bank of America Samir Khanal - Evercore ISI Todd Thomas - KeyBanc Capital Markets Keegan Carl - Wolfe Research Spenser Allaway - Green Street Ron Kamdem - Morgan Stanley Eric Luebchow - Wells Fargo Ki Bin Kim - Truist Securities Juan Sanabria - BMO Capital Markets Operator Greetings. Welcome to the National Storage Affiliation Third Quarter 2023 Conference Call.

National Storage Affiliates Trust (NSA) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for National Storage (NSA) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

National Storage (NSA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Reports Third Quarter 2023 Results.

National Storage Affiliates Trust Reports Third Quarter 2023 Results

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National Storage Affiliates Trust has underperformed the market due to the impact of high interest rates on its interest expense and its valuation. The REIT has room for future growth, a resilient business model and a healthy balance sheet, making it likely to endure the downturn. The stock is currently trading at a nearly 10-year low price-to-FFO ratio and offers a nearly 10-year high dividend yield.

National Storage Affiliates: Offering Nearly 10-Year High Dividend Yield Of 7.3%

News for National Storage Affiliates Trust Stock (NSA)