NSA (NSA)
National Storage Affiliates Trust
NYSE:NSAReal Estate · REIT - Industrial
Mkt Cap-
Float63.08M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$752.93M
Net Income$73.78M
Total Assets$5.08B
Free Cash Flow$299.25M
Debt & Equity
Debt 73%
Equity 20%
Preferred 7%
Total Debt$3.43B
Total Equity$946.04M
Preferred Stock$341.13M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NSA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$5.08B
Liabilities$3.55B
Accounts Receivable$18.03M
Accounts Payable$0
Inventory$0
PP&E (Net)$20.57M
Goodwill$0
Intangible Assets$107.06M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $752.93M | $770.34M | $858.06M | $801.57M | $585.67M | $432.22M | $382.93M | $330.9M | $268.13M | $199.05M | $133.92M | $76.97M | $40.16M | $29.28M |
| YoY Growth | -2.3% | -10.2% | 7.0% | 36.9% | 35.5% | 12.9% | 15.7% | 23.4% | 34.7% | 48.6% | 74.0% | 91.6% | 37.2% | - |
| Cost of Revenue | $406.87M | $211.85M | $228.99M | $211.03M | $155.26M | $123.49M | $106.46M | $103.88M | $84.45M | $64.8M | $45.41M | $27.91M | $18.2M | $11.73M |
| Gross Profit | $346.06M | $558.48M | $629.08M | $590.54M | $430.41M | $308.74M | $276.46M | $227.02M | $183.68M | $134.25M | $88.51M | $49.06M | $21.97M | $17.55M |
| Gross Margin | 46.0% | 72.5% | 73.3% | 73.7% | 73.5% | 71.4% | 72.2% | 68.6% | 68.5% | 67.4% | 66.1% | 63.7% | 54.7% | 59.9% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $51.13M | $57.61M | $59.28M | $59.31M | $51M | $43.64M | $48.93M | $35.92M | $30.06M | $21.53M | $16.27M | $9.89M | $4.66M | $2.76M |
| Other | $16.29M | $203.72M | $233.1M | $241.69M | $161.16M | $265.1M | $300K | -$91K | -$58K | -$515K | -$337K | -$1.26M | $0 | $39K |
| Total Operating Expenses | $67.42M | $261.33M | $292.38M | $301.01M | $212.17M | $308.74M | $49.23M | $125.37M | $105.17M | $76.59M | $56.92M | $31.97M | $14.1M | $5.71M |
| Operating Income (EBIT) | $278.64M | $297.16M | $336.69M | $289.54M | $218.24M | $0 | $227.23M | $101.65M | $78.5M | $57.66M | $31.59M | $17.08M | $7.93M | $11.84M |
| Operating Margin | 37.0% | 38.6% | 39.2% | 36.1% | 37.3% | - | 59.3% | 30.7% | 29.3% | 29.0% | 23.6% | 22.2% | 19.8% | 40.4% |
| Interest Expense | $162.44M | $154.26M | $166.15M | $110.6M | $72.06M | $62.59M | $56.46M | $42.72M | $34.07M | $24.11M | $20.78M | $23.03M | $0 | $17.05M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.61M | $0 |
| Other Income (Expense) | -$159.27M | -$110.12M | -$98.12M | -$101.08M | -$69.61M | $81.15M | -$159.87M | -$44.51M | -$31.34M | -$32.42M | -$26.61M | -$33.44M | -$19.67M | -$15.29M |
| Income Before Tax (EBT) | $119.38M | $187.04M | $238.58M | $188.45M | $148.63M | $81.15M | $67.36M | $57.14M | $47.16M | $24.87M | $4.8M | -$16.36M | -$11.73M | -$3.45M |
| Income Tax Expense | $3.1M | $3.77M | $1.59M | $4.69M | $1.69M | $1.67M | $1.35M | $818K | $1.16M | $13.58M | -$1.97M | -$16.36M | $0 | $0 |
| Net Income | $73.78M | $111.52M | $156.67M | $103.74M | $105.25M | $48.61M | $3.98M | $14.11M | $2.96M | $17.96M | $12.44M | $0 | -$1.25M | -$3.45M |
| Net Income Margin | 9.8% | 14.5% | 18.3% | 12.9% | 18.0% | 11.2% | 1.0% | 4.3% | 1.1% | 9.0% | 9.3% | - | -3.1% | -11.8% |
| Supplementary Data | ||||||||||||||
| EPS | 0.70 | 1.18 | 2.48 | 0.99 | 1.13 | 0.53 | 1.13 | 0.26 | 0.01 | 0.60 | 0.80 | 0.00 | -0.06 | -0.17 |
| Diluted EPS | 0.70 | 1.18 | 1.48 | 0.99 | 1.09 | 0.53 | 1.13 | 0.26 | 0.01 | 0.31 | 0.19 | 0.00 | -0.06 | -0.17 |
| Weighted Average OS | 76.64M | 76.84M | 86.85M | 91.24M | 81.19M | 66.55M | 58.21M | 53.29M | 44.42M | 29.89M | 15.46M | 20.00M | 20.00M | 20.00M |
| EBITDA | $471.14M | $531.15M | $626.72M | $532.21M | $379M | $260.92M | $225.68M | $189.01M | $156.34M | $104.41M | $72.24M | $40.87M | $17.31M | $15.66M |
| EBITDA Margin | 62.6% | 69.0% | 73.0% | 66.4% | 64.7% | 60.4% | 58.9% | 57.1% | 58.3% | 52.5% | 53.9% | 53.1% | 43.1% | 53.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $23.64M | $50.41M | $64.98M | $35.31M | $25.01M | $18.72M | $24.28M | $13.18M | $13.37M | $12.57M | $6.67M | $9.01M | $11.2M | $2.77M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $23.64M | $50.41M | $64.98M | $35.31M | $25.01M | $18.72M | $24.28M | $13.18M | $13.37M | $12.57M | $6.67M | $9.01M | $11.2M | $2.77M |
| Accounts Receivable | $18.03M | $26.91M | $22.07M | $22.67M | $13.13M | $2.73M | $10.35M | $3.4M | $4.45M | $3.59M | $1.32M | $979K | $594K | $378K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$14.27M | $1.55M | $13.94M | -$2.81M | $0 | -$125K | $0 |
| Other Current Assets | $0 | $11.74M | $587.65M | $33.04M | $2.86M | $18.88M | -$34.62M | $7.45M | $6.99M | $4.65M | $4.2M | $3.14M | $3.29M | $2.69M |
| Total Current Assets | $41.67M | $89.06M | $674.71M | $91.03M | $50.56M | $40.33M | $0 | $16.36M | $17.96M | $29.27M | $9.38M | $15.32M | $15.08M | $6.17M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $20.57M | $24.02M | $24.96M | $25.37M | $24.43M | $3.22B | $25.23M | $22.55M | $6.49M | $1.72M | $1.3M | $968K | $346.32M | $172.3M |
| Goodwill | $0 | $8.18M | $8.18M | $8.18M | $8.18M | $8.18M | $0 | $5.75M | $5.75M | $5.75M | $0 | $0 | $0 | $0 |
| Intangible Assets | $107.06M | $146.28M | $56.74M | $46.22M | $69.33M | $38.58M | $0 | $16.32M | $19.55M | $23.05M | $4.21M | $7.7M | $2.78M | $0 |
| Long-Term Investments | $4.84B | $246.19M | $211.36M | $227.44M | $188.19M | $202.53M | $0 | $245.13M | $89.09M | $81.49M | $331K | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.35B | $2.08B | $1.71B | -$331K | $0 | $0 | $0 |
| Other Long-Term Assets | -$4.95B | $4.84B | $4.96B | $5.67B | $5.22B | $3.58M | -$52.17M | $75.05M | $52.62M | $44.73M | $1.09B | $808.76M | $4.11M | $983K |
| Total Long-Term Assets | $20.57M | $5.27B | $5.26B | $5.98B | $5.51B | $3.47B | $0 | $2.71B | $2.25B | $1.86B | $1.09B | $817.43M | $353.21M | $173.29M |
| Other Assets | $5.04B | $0 | $0 | $0 | $0 | $0 | $3.08B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $5.08B | $5.35B | $5.93B | $6.07B | $5.56B | $3.51B | $3.08B | $2.73B | $2.27B | $1.89B | $1.1B | $832.75M | $368.29M | $179.46M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $59.26M | $47.04M | $0 | $33.13M | $24.46M | $21.62M | $9.69M | $2.18M | $0 | $0 |
| Short-Term Debt | $376.67M | $443.3M | $381M | $496M | $490M | $0 | $39.49M | $0 | $0 | $0 | $0 | $137M | $149.2M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $20.01M | $27.35M | $23.21M | $22.21M | $0 | $0 | $15.73M | $12.69M | $12.45M | $5.51M | $4.18M | $2.28M | $1.23M |
| Other Current Liabilities | $0 | $98.66M | $92.77M | $80.38M | $0 | $0 | -$39.49M | -$33.13M | -$24.46M | -$21.62M | -$6.49M | $37.05M | -$145.61M | $308K |
| Total Current Liabilities | $376.67M | $561.97M | $501.12M | $599.59M | $571.47M | $48.96M | $0 | $188.36M | $125.65M | $280.57M | $15.21M | $187.17M | $8.48M | $4M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $3.03B | $3.01B | $3.28B | $3.06B | $2.45B | $1.99B | $1.49B | $0 | $0 | $632.45M | $379.82M | $431.47M | $281.62M | $164.91M |
| Long-Term Unearned Revenue | $19.93M | $0 | $0 | $0 | $0 | $0 | $15.52M | $15.73M | $12.69M | $12.45M | $5.51M | $4.18M | $2.28M | $1.23M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$999.1M | -$781.1M | -$385.95M | -$372.94M | -$255.25M | -$2.28M | -$1.23M |
| Other Long-Term Liabilities | $98.68M | $471K | $3.45M | $483K | $33.76M | $16.41M | -$1.53B | $1.12B | $856.91M | $255.66M | $185.28M | $117.29M | $17.18M | $21.47M |
| Total Long-Term Liabilities | $3.17B | $3.03B | $3.3B | $3.08B | $2.51B | $2.03B | $0 | $1.14B | $869.6M | $632.45M | $570.61M | $431.47M | $304.61M | $187.61M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $1.63B | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.55B | $3.59B | $3.81B | $3.68B | $3.08B | $2.08B | $1.63B | $1.33B | $995.24M | $913.02M | $585.82M | $618.64M | $313.1M | $191.61M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $341.13M | $340.89M | $340.65M | $225.44M | $218.42M | $218.32M | $218.18M | $172.5M | $172.5M | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $771K | $763K | $823K | $898K | $912K | $713K | $597K | $567K | $503K | $431K | $230K | $0 | $0 | $0 |
| Retained Earnings | -$652.24M | -$530.65M | -$449.91M | -$396.65M | -$291.26M | $0 | -$197.07M | -$114.12M | -$55.73M | -$8.72M | $11K | $0 | $0 | -$12.15M |
| Comprehensive Income & Other | $4.42M | $15.55M | $21.06M | $40.53M | -$19.61M | -$300.79M | $0 | $13.62M | $12.28M | $9.03M | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $1.6B | $1.61B | $1.87B | $2.04B | $2.07B | $968.24M | $1.12B | $1.03B | $896.25M | $585.39M | $236.39M | $214.1M | $55.2M | $0 |
| Total Equity | $946.04M | $1.08B | $1.42B | $1.65B | $1.78B | $968.96M | $919.63M | $916.84M | $841.02M | $577.1M | $236.63M | $214.1M | $55.2M | -$12.15M |
| Minority Interest | $587.75M | $687.37M | $703.65M | $740.81M | $707.23M | $461.52M | $532.47M | $485.46M | $430.46M | $401.97M | $279.41M | $214.1M | $55.2M | $0 |
| Total Liabilities and Equity | $4.49B | $4.67B | $5.23B | $5.33B | $4.86B | $3.05B | $2.55B | $2.24B | $1.84B | $1.49B | $822.45M | $832.75M | $368.29M | $179.46M |
| Supplementary Data | ||||||||||||||
| Total Debt | $3.43B | $3.47B | $3.68B | $3.58B | $2.96B | $2.02B | $1.56B | $1.28B | $958.1M | $878.95M | $570.61M | $597.69M | $281.62M | $164.91M |
| Net Debt | $3.4B | $3.42B | $3.62B | $3.54B | $2.94B | $2B | $1.53B | $1.26B | $944.73M | $866.38M | $563.95M | $588.68M | $270.42M | $162.14M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | $122.48M | $183.27M | $236.99M | $183.76M | $146.94M | $79.48M | $66.01M | $56.33M | $46M | $24.87M | $4.8M | -$16.36M | -$1.25M | -$3.45M |
| Depreciation & Amortization | $189.32M | $189.85M | $221.99M | $233.16M | $158.31M | $117.17M | $105.12M | $89.15M | $75.11M | $55.06M | $40.65M | $23.79M | $9.38M | $3.83M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $16.1M | $9.22M | $1.72M | $2.35M | $482K | -$1.09M | $0 | $0 |
| Stock-Based Compensation | $12.19M | $8.31M | $6.68M | $6.26M | $5.46M | $4.28M | $4.53M | $3.84M | $3.76M | $2.6M | $3.03M | $1.47M | $1.1M | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$3.91M | $5.32M | $0 | $16.52M | $0 | $0 | $5.62M | $6.6M | $1.2M | $8.39M | $269K | $0 | $0 | $0 |
| Other Working Capital | $7.45M | -$5.43M | $16.8M | -$10.89M | $3.56M | $3.2M | -$2.21M | -$4.43M | -$4.11M | $1.86M | $198K | $47K | $136K | -$52K |
| Total Working Capital Change | $3.54M | -$111K | $16.8M | $5.63M | $3.56M | $3.2M | $3.41M | $2.17M | -$2.91M | $10.25M | $467K | $47K | $136K | -$52K |
| Other Non-Cash Items | $10.97M | -$18.26M | -$40.88M | $15.04M | $17.08M | $16.52M | $1.49M | $1.1M | $605K | -$40K | $1.99M | $8.57M | -$2.23M | $4.6M |
| Net Cash from Operating | $338.5M | $363.06M | $441.58M | $443.85M | $331.35M | $220.65M | $196.65M | $161.8M | $124.29M | $95.08M | $51.41M | $16.42M | $7.13M | $4.93M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$39.25M | -$53.31M | -$35.55M | -$43.73M | -$28M | -$364K | -$21.46M | -$19.42M | -$15.24M | -$11.95M | -$4.49M | -$3.99M | -$2.39M | -$880K |
| Acquisitions | -$12.85M | -$74.22M | -$16.92M | -$55.04M | -$2.87M | -$4.38M | -$6.6M | -$165.64M | -$15.29M | -$102.89M | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$551.4M | $0 | $0 | -$12.67M | -$479.35M | -$406.91M | -$615.48M | -$171.99M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $10.96M | $0 | $7.56M | $5.36M | $5.26M | $17.53M | $4.84M | $141K | $0 | $0 | $0 |
| Other Investing Activities | $71.95M | $552.95M | $213.58M | $55.04M | -$1.97B | -$512.5M | -$357.66M | -$329.43M | -$378.76M | -$528.03M | -$172.42M | -$228.01M | -$99.93M | $3.7M |
| Net Cash from Investing | $19.86M | $425.42M | $161.1M | -$584.16M | -$2B | -$509.68M | -$393.03M | -$514.49M | -$409.29M | -$642.87M | -$176.91M | -$232M | -$102.33M | $2.82M |
| Financing Activities | ||||||||||||||
| Debt Repaid | $44.58M | $209.54M | -$108.19M | -$611.63M | -$1.03B | -$383.35M | -$260.37M | -$315.26M | -$81.8M | -$253.9M | $98.83M | -$228.87M | -$101.7M | $8.07M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $901.08M | $83.58M | $71.91M | $176.83M | $148.41M | $380.56M | $279.86M | $527K | $0 | $0 |
| Common Stock Repurchases | -$7.93M | -$284.7M | -$310.15M | -$90.11M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$174.91M | -$171.82M | -$190.91M | -$195.7M | -$131.71M | -$90.14M | -$74.55M | -$62.15M | -$47.67M | -$26.7M | -$12.43M | $0 | $0 | $0 |
| Other Financing Activities | -$137.58M | -$138.92M | -$145.29M | -$157.75M | -$109.73M | -$77.24M | -$84.68M | -$66.94M | -$60.73M | -$54.07M | -$45.28M | -$15.48M | $5.45M | -$660K |
| Net Cash from Financing | -$385.47M | -$825.42M | -$557.19M | $154.64M | $1.67B | $286.45M | $204.29M | $352.65M | $286.07M | $553.69M | $123.16M | $213.39M | $107.15M | -$8.73M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$27.11M | -$36.94M | $45.49M | $14.32M | $6.17M | -$2.58M | $7.91M | -$44K | $1.07M | $5.91M | -$2.34M | -$2.19M | $11.96M | -$986K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $338.5M | $363.06M | $441.58M | $443.85M | $331.35M | $220.65M | $196.65M | $161.8M | $124.29M | $95.08M | $51.41M | $16.42M | $7.13M | $4.93M |
| Capital Expenditure | -$39.25M | -$20.57M | -$35.55M | -$43.73M | -$28M | -$16.76M | -$21.46M | -$19.42M | -$15.24M | -$11.95M | -$4.49M | -$3.99M | -$2.39M | -$880K |
| Free Cash Flow | $299.25M | $342.49M | $406.03M | $400.12M | $303.35M | $203.9M | $175.19M | $142.38M | $109.04M | $83.14M | $46.92M | $12.43M | $4.74M | $4.05M |
| Cash at Beginning | $50.75M | $87.69M | $42.2M | $27.88M | $21.7M | $24.28M | $16.36M | $16.41M | $15.34M | $6.67M | $9.01M | $11.2M | $2.77M | $3.75M |
| Cash at End | $23.64M | $50.75M | $87.69M | $42.2M | $27.88M | $21.7M | $24.28M | $16.36M | $16.41M | $12.57M | $6.67M | $9.01M | $14.72M | $2.77M |