| Market Capitalization (Millions $) |
3,347 |
| Shares
Outstanding (Millions) |
77 |
| Employees |
1,458 |
| Revenues (TTM) (Millions $) |
750 |
| Net Income (TTM) (Millions $) |
124 |
| Cash Flow (TTM) (Millions $) |
8 |
| Capital Exp. (TTM) (Millions $) |
66 |
Business Description
National Storage Affiliates Trust (NSA) is a publicly-traded real estate investment trust (REIT) that specializes in owning, operating, and managing self-storage facilities across the United States. Established in 2013, the company has its headquarters in Denver, Colorado.
NSA operates in more than 40 states with over 200 locations and nearly 18 million rentable square feet. The company's portfolio contains various self-storage units, including those in urban and suburban areas, as well as non-traditional locations like military bases.
NSA primarily operates through its more than 30 regional operating partners (ROPs) who have decades of experience in their respective markets. These ROPs bring local market expertise that allows the company to provide tailored services to its customers in their respective locations. The company leverages its extensive network of ROPs to expand its market presence and achieve better economies of scale.
The company's enterprise strategy is anchored on acquiring existing self-storage facilities and designing new ones. NSA's acquisition strategy is disciplined and targets properties with exceptional market positions that offer attractive economics. The company also develops properties through its internal team, giving it more control over the quality and timing of the project.
As a REIT, NSA is required by law to pay at least 90% of its taxable income as dividends to shareholders, providing stable and consistent income to investors. The company's dividend yield currently stands at71%.
NSA's management team is headed by Arlen Nordhagen, a founder of the company, who has over 35 years of experience in the real estate industry. Under Nordhagen's leadership, NSA has established itself as a leading player in the self-storage industry.
In terms of financial performance, NSA has reported consistent growth in recent years with a compound annual growth rate (CAGR) of 23% in revenues and 29% in funds from operations (FFO) from 2015 to 2020. NSA's market capitalization stands at around $4.4 billion as of August 2021, and it is a constituent of the S&P MidCap 400 index.
In conclusion, National Storage Affiliates Trust has established itself as a leading player in the self-storage industry, with a focus on acquiring well-positioned properties, developing new ones, and providing tailored services to its customers. The company's expertise and extensive network of regional operating partners help it to achieve better economies of scale and expand its market presence. With consistent financial performance and a strong management team, NSA continues to be an attractive investment option for those seeking stable and consistent income from a REIT.
Company Address: 8400 East Prentice Avenue, 9th Floor Greenwood Village 80111 CO
Company Phone Number: 630-2600 Stock Exchange / Ticker: NYSE NSA
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