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 Q1 2024

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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

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

National Storage Affiliates Trust Announces Quarterly Dividends

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%

National Storage Affiliates is a well-managed self-storage REIT with an impressive track record of growth. The market seems to be overly-rotated on a normalization of NSA's operating fundamentals after 2 years of gangbuster growth. It trades at a substantial discount to peers and sits below my fair value estimate, giving investors a high-yield opportunity.

National Storage Affiliates: Buy This 7% Yielding Self-Storage REIT

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

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

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National Storage Affiliates (NSA) is a self-storage real estate investment trust with 1,117 locations and 72.8 million square feet of rentable space. NSA offers acquisition-driven growth opportunities in the fragmented and recession-resistant self-storage industry, with a 6.71% dividend yield. Growth potential in a highly fragmented market, with $43 billion in TAM owned by 31,0000 different owners.

Unlocking Growth In National Storage Affiliates' Storage Landscape

National Storage Affiliates Trust has historically been a strong player in the self-storage industry, but recent market shifts and internal challenges raise concerns about its future trajectory. NSA's weakening of guidance shows that this stock is likely overpriced. Especially when considered against treasuries. The company's financial performance has shown a decrease in net income and core funds from operations, and its revised guidance indicates potential hurdles and challenges in the coming year.

Unpacking National Storage Affiliates: Internal Challenges And The Road Ahead

National Storage Affiliates Trust (NYSE:NSA ) Q2 2023 Earnings Call Transcript August 8, 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 Jeff Spector - Bank of America Smedes Rose - Citi Steve Sakwa - Evercore ISI Keegan Carl - Wolfe Research Eric Luebchow - Wells Fargo Wes Golladay - Baird Ronald Kamdem - Morgan Stanley Operator Greetings, and welcome to the National Storage Affiliates Second Quarter 2023 Conference Call. At this time, all participants are on a listen-only mode.

National Storage Affiliates Trust (NSA) Q2 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 June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

National Storage (NSA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

National Storage (NSA) came out with quarterly funds from operations (FFO) of $0.68 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to FFO of $0.71 per share a year ago.

National Storage (NSA) Q2 FFO and Revenues Miss Estimates

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

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

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Self-storage REITs have returned 7.27% this year, outperforming the REIT average and the S&P 400 and 600 indexes. Publicly traded REITs own only 20% of the total square footage in the US storage facilities, leaving room for growth by acquisition. This article examines the Self-Storage REIT sector, to identify the best poised self-storage REIT to deliver outperformance over the next 2 to 5 years.

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National Storage Affiliates Trust has experienced rapid growth through 2022, but its future growth depends on market adjustments to new capital market realities. NSA currently offers a dividend yield above 6%, with the potential for growth in the future, although the timing is uncertain. NSA is a reasonable choice for investors seeking income at the 6% level and not concerned about near-term growth, with the PRO structure providing strong dividend security.

A Look At National Storage Affiliates

News for National Storage Affiliates Trust Stock (NSA)