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National Storage Affiliates Trust (NSA) |
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Price: $34.5700
$1.38 
4.158%
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| Day's High:
| $34.59
| Week Perf:
| 5.49 %
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| Day's Low: |
$ 33.01 |
30 Day Perf: |
20.96 % |
| Volume (M): |
981 |
52 Wk High: |
$ 44.79 |
| Volume (M$): |
$ 33,924 |
52 Wk Avg: |
$36.24 |
| Open: |
$33.15 |
52 Wk Low: |
$27.86 |
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| Market Capitalization (Millions $) |
5,051 |
| Shares
Outstanding (Millions) |
146 |
| Employees |
750 |
| Revenues (TTM) (Millions $) |
851 |
| Net Income (TTM) (Millions $) |
179 |
| Cash Flow (TTM) (Millions $) |
23 |
| Capital Exp. (TTM) (Millions $) |
92 |
National Storage Affiliates Trust
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
| NSA is expected to report next financial results on February 26, 2024. |
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| Stock Performances by Major Competitors |
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Power Reit
Power Reit, a Real Estate Investment Trusts company, recently reported disappointing financial results for the July to September 30, 2023 time-frame. The company's revenue experienced a significant decline of 75.666%, reaching only $0.49 million. Additionally, the shortfall per share increased to $-3.01 from the same reporting season a year ago. This drastic decrease in business stands in stark contrast to the average revenue growth observed in the Real Estate Investment Trusts industry during the same period.
In comparison to the preceding reporting season, where the company had a shortfall per share of $-0.69 and revenue of $0.22 million, Power Reit saw a sequential revenue increase of 124.202%. However, despite this increase, the company still experienced a net shortfall of $-10.023 million for the financial third quarter of 2023, compared to zero gains during the same reporting season the previous year.
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Calethos Inc
Following the recent reports from bellwethers in the Real Estate Investment Trusts (REITs) industry, attention is shifting to some overlooked corporations, including RSRT and Calethos Inc., as they prepare to release their financial results. RSRT has recently announced an operating shortfall of $-0.092 million for the third quarter of 2023. As the corporation continues to develop, shareholders eagerly await the implementation of a new business model as soon as possible, as they do not solely rely on the current productivity improvements at the company.
Despite the current circumstances, it is important to note that profitability has a minimal impact on the organization. In fact, RSRT suffered a deficit of $-0.098 million in the third quarter of 2023, despite its profitability in the same period of 2022. These figures highlight the volatility and unpredictability of the REITs industry, where market conditions and a company's specific situation can greatly impact their financial outcomes.
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Empire State Realty Op L P
Over the course of the last five trading days, Empire State Realty Op L P shares have experienced a decline of -2.39%. This brings their year-to-date performance to a positive 24.92%. Currently, Empire State Realty Op L P shares are trading on the NYSEArca at a value that is 13.8% above its 52-week average.
Despite the recent decline in share value, Empire State Realty Op L P posted very strong profitability numbers in the fiscal third quarter of 2023. During this period, their income per share increased significantly by 133.33% to $0.07 per share. Additionally, their revenue grew moderately by 4.253% to $191.53 million compared to the same reporting season the previous year.
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Strawberry Fields Reit Inc
In a world of uncertainty, one sector remains steadfast and reliable ? the stock market. And within the realm of the stock market, Real Estate Investment Trusts (REITs) have always been a safe bet for investors. Today, we bring you some exciting news about a particular REIT company that experienced mixed earnings in the most recent fiscal period.
Strawberry Fields REIT Inc, known for its dedication to growth and innovation, reported a fascinating set of earnings. While revenue increased by a remarkable 6.338% to $25.77 million compared to the prior year, there was a slight decline in earnings per share, which dropped by -47.06% to $0.09 per share.
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Umh Properties Inc
UMH Properties Inc, a Real Estate Investment Trust (REIT) company, disappointed investors with its fiscal third quarter (Q3) 2023 financial results. Despite a marginal improvement in revenue, the company reported a significant increase in losses compared to the previous quarter. Moreover, UMH Properties Inc's underperformance relative to its sector peers and its low stock performance raise concerns about its future prospects.
Unimpressive Financial Performance
UMH Properties Inc recorded a loss per share of $-0.09 in Q3 2023, showing a slight improvement from the previous year's $-0.18 loss per share. However, this improvement is overshadowed by the fact that the company's losses increased from $-0.07 per share compared to the prior quarter. These results indicate a lack of operational efficiency and suggest that the company is struggling to control its costs effectively.
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| Per Share |
Current |
| Earnings (TTM) |
1.09 $ |
| Revenues (TTM) |
5.83 $
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| Cash Flow (TTM) |
0.16 $ |
| Cash |
0.4 $
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| Book Value |
14.76 $
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| Dividend (TTM) |
2.21 $ |
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| Per Share |
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| Earnings (TTM) |
1.09 $
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| Revenues (TTM) |
5.83 $ |
| Cash Flow (TTM) |
0.16 $ |
| Cash |
0.4 $
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| Book Value |
14.76 $ |
| Dividend (TTM) |
2.21 $ |
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