-0.75%
-1.95%
-11.81%
-12.68%
-0.48%
-39.62%
8.84%
AI Spotlight on NSA
Company Description
National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States.As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States.
Market Data
| Last Price | 37.17 |
| Change Percentage | -0.75% |
| Open | 37.25 |
| Previous Close | 37.45 |
| Market Cap ( Millions) | 2834 |
| Volume | 430380 |
| Year High | 49.44 |
| Year Low | 34.5 |
| M A 50 | 40.08 |
| M A 200 | 41.47 |
Financial Ratios
| FCF Yield | 11.32% |
| Dividend Yield | 6.05% |
| ROE | 13.43% |
| Debt / Equity | 349.77% |
| Net Debt / EBIDTA | 665.70% |
| Price To Book | 2.85 |
| Price Earnings Ratio | 17.19 |
| Price To FCF | 8.83 |
| Price To sales | 3.56 |
| EV / EBITDA | 12.24 |
News
- Jan -24 - National Storage Affiliates Trust Announces Tax Treatment of 2024 Distributions
- Jan -07 - National Storage Affiliates Trust Announces Promotion of John Esbenshade to Chief Accounting Officer
- Dec -05 - 17 Upcoming Dividend Increases, Including A King
- Nov -25 - The State Of REITs: November 2024 Edition
- Nov -20 - National Storage Affiliates: A Sunbelt Star To Buy At The Right Price
- Oct -31 - National Storage Affiliates Trust (NSA) Q3 2024 Earnings Call Transcript
- Oct -31 - National Storage (NSA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
- Oct -30 - National Storage (NSA) Beats Q3 FFO and Revenue Estimates
- Oct -11 - National Storage Affiliates Trust Announces Date of its Third Quarter 2024 Earnings Release and Conference Call
- Oct -07 - NSA Director: US Investigating China Telcom Cyberattacks
- Sep -15 - Fed Ahead
- Sep -13 - Why I Just Bought These 2 High-Yield REIT Stocks
- Sep -05 - 3 High-Yield Dividend Stocks to Buy Sooner Rather Than Later
- Aug -26 - National Storage Affiliates Trust and Solar Landscape Announce New Agreement to Pursue Over 100 Megawatts of Rooftop Solar
- Aug -23 - REIT Fantasy Football: 11 Companies To Start Your Team
- Aug -15 - National Storage Affiliates Trust Announces the Appointment of Warren Allan to Its Board of Trustees
- Aug -15 - National Storage Affiliates Trust Announces Quarterly Dividends
- Aug -14 - National Storage Affiliates: A Potential Recovery Is Already Priced In
- Aug -06 - National Storage Affiliates Trust (NSA) Q2 2024 Earnings Call Transcript
- Aug -06 - Compared to Estimates, National Storage (NSA) Q2 Earnings: A Look at Key Metrics
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Rental - Same Store Portfolio
Expected Growth : 3.0 %
What the company do ?
Rental - Same Store Portfolio from National Storage Affiliates Trust refers to the stabilized self-storage properties in the NSA portfolio that have been owned for at least 15 months.
Why we expect these perspectives ?
National Storage Affiliates Trust's 3.0% same-store rental portfolio growth is driven by a combination of factors, including increasing demand for storage units, strategic pricing, and high occupancy rates. Additionally, the company's focus on operational efficiencies, cost savings, and accretive acquisitions also contribute to the growth. Furthermore, the growing need for storage solutions among baby boomers and millennials, as well as the increasing popularity of online shopping, support the upward trend.
Segment nΒ°2 -> Rental - Non-same Store Portfolio
Expected Growth : 2.8 %
What the company do ?
Rental - Non-same Store Portfolio refers to the self storage properties acquired or sold by National Storage Affiliates Trust, excluding same-store properties, impacting revenue and NOI.
Why we expect these perspectives ?
National Storage Affiliates Trust's 2.8% growth in Rental - Non-same Store Portfolio is driven by strategic acquisitions, increasing occupancy rates, and rent growth. Additionally, the company's diversified portfolio across 38 states and 74% of revenue from non-major markets contribute to its resilience and growth potential.
Segment nΒ°3 -> Management Fees and Other
Expected Growth : 3.2 %
What the company do ?
Management fees and other from National Storage Affiliates Trust refer to the costs associated with managing and operating self-storage facilities, including administrative expenses, property management fees, and other miscellaneous costs.
Why we expect these perspectives ?
National Storage Affiliates Trust's 3.2% growth in Management Fees and Other is driven by increasing same-store NOI, expansion of third-party management platform, and rising demand for storage solutions. Additionally, strategic acquisitions and cost synergies also contribute to the growth.
Segment nΒ°4 -> Other Property-related - Same Store Portfolio
Expected Growth : 2.9 %
What the company do ?
Other Property-related, Same Store Portfolio from National Storage Affiliates Trust refers to a portfolio of stabilized self-storage properties with consistent operating performance.
Why we expect these perspectives ?
National Storage Affiliates Trust's 2.9% growth in Other Property-related - Same Store Portfolio is driven by increasing rental rates, high occupancy levels, and a strong demand for storage units. Additionally, the company's focus on cost control, efficient operations, and strategic acquisitions have contributed to the growth.
Segment nΒ°5 -> Other Property-related - Non-same Store Portfolio
Expected Growth : 2.7 %
What the company do ?
Other Property-related, Non-same Store Portfolio from National Storage Affiliates Trust refers to a diversified portfolio of self-storage properties not included in same-store pool, offering growth opportunities.
Why we expect these perspectives ?
National Storage Affiliates Trust's 2.7% growth in Other Property-related - Non-same Store Portfolio is driven by strategic acquisitions, increasing rental rates, and high occupancy levels. Additionally, the company's diversified portfolio and expansion into new markets contribute to its growth. Effective cost management and a strong balance sheet also support the company's ability to invest in growth initiatives.
National Storage Affiliates Trust Products
| Product Range | What is it ? |
|---|---|
| Self Storage Units | National Storage Affiliates Trust offers a range of self storage units in various sizes to cater to individual and business needs, providing a secure and convenient way to store belongings. |
| Climate-Controlled Storage | Climate-controlled storage units that maintain a consistent temperature and humidity level, ideal for storing sensitive items such as electronics, artwork, and important documents. |
| Drive-Up Storage | Convenient drive-up storage units that allow for easy access and loading/unloading of items, ideal for storing large or heavy items. |
| RV and Boat Storage | Secure and convenient storage solutions for recreational vehicles and boats, providing a safe and protected environment. |
| Business Storage | Customized storage solutions for businesses, providing a secure and convenient way to store inventory, equipment, and documents. |
| Moving and Packing Supplies | A range of moving and packing supplies, including boxes, tape, and bubble wrap, available for purchase at National Storage Affiliates Trust facilities. |
National Storage Affiliates Trust's Porter Forces
Threat Of Substitutes
National Storage Affiliates Trust operates in a highly competitive industry, but the threat of substitutes is mitigated by the company's diversified portfolio of storage facilities and its ability to adapt to changing market conditions.
Bargaining Power Of Customers
National Storage Affiliates Trust's customers have limited bargaining power due to the company's large market share and the fragmented nature of the self-storage industry.
Bargaining Power Of Suppliers
National Storage Affiliates Trust has a diversified supplier base, which reduces the bargaining power of individual suppliers. Additionally, the company's scale and market position give it negotiating power over suppliers.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry in the self-storage industry, including the need for significant capital investment and regulatory approvals.
Intensity Of Rivalry
The self-storage industry is highly competitive, with many established players competing for market share. National Storage Affiliates Trust must continually innovate and improve its operations to maintain its market position.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 72.14% |
| Debt Cost | 4.54% |
| Equity Weight | 27.86% |
| Equity Cost | 8.36% |
| WACC | 5.61% |
| Leverage | 258.92% |
National Storage Affiliates Trust : Quality Control
National Storage Affiliates Trust passed 1 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| TRNO | Terreno Realty Corporation and together with its subsidiaries, the ΒCompanyΒ) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, β¦ |
| CUBE | CubeSmart is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. β¦ |
| FR | First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to β¦ |
| STAG | STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of β¦ |
| EGP | EastGroup Properties, Inc. (NYSE: EGP), an S&P MidCap 400 company, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
National Storage
A-Score
1-Year Total Return ->
π₯
CubeSmart
A-Score
1-Year Total Return ->
π₯
EastGroup Properties
A-Score
1-Year Total Return ->
4
Terreno Realty
A-Score
1-Year Total Return ->
5
STAG Industrial
A-Score
1-Year Total Return ->
6
