NATIONAL STORAGE AFFILIATES (NSA) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NSA - US6378701063 - REIT
33.16 USD
+0.39 (+1.19%)
Overall NSA gets a fundamental rating of 3 out of 10. We evaluated NSA against 30 industry peers in the Specialized REITs industry. NSA has a medium profitability rating, but doesn't score so well on its financial health evaluation. NSA is valued expensive and it does not seem to be growing. Finally NSA also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- NSA had positive earnings in the past year.
- In the past year NSA had a positive cash flow from operations.
- NSA had positive earnings in each of the past 5 years.
- In the past 5 years NSA always reported a positive cash flow from operatings.
1.2 Ratios
- NSA has a worse Return On Assets (0.92%) than 63.33% of its industry peers.
- NSA's Return On Equity of 4.84% is in line compared to the rest of the industry. NSA outperforms 53.33% of its industry peers.
- With a Return On Invested Capital value of 4.42%, NSA perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for NSA is in line with the industry average of 4.86%.
- The last Return On Invested Capital (4.42%) for NSA is above the 3 year average (4.30%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.92% | ||
| ROE | 4.84% | ||
| ROIC | 4.42% |
ROA(3y)1.84%
ROA(5y)1.63%
ROE(3y)7.87%
ROE(5y)6.49%
ROIC(3y)4.3%
ROIC(5y)3.88%
1.3 Margins
- The Profit Margin of NSA (6.23%) is comparable to the rest of the industry.
- NSA's Profit Margin has declined in the last couple of years.
- NSA has a Operating Margin (37.10%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of NSA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 37.1% | ||
| PM (TTM) | 6.23% | ||
| GM | N/A |
OM growth 3Y1.16%
OM growth 5Y3.36%
PM growth 3Y-9.08%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), NSA is destroying value.
- NSA has less shares outstanding than it did 1 year ago.
- The number of shares outstanding for NSA has been increased compared to 5 years ago.
- NSA has a worse debt/assets ratio than last year.
2.2 Solvency
- NSA has an Altman-Z score of 0.50. This is a bad value and indicates that NSA is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of NSA (0.50) is worse than 73.33% of its industry peers.
- NSA has a debt to FCF ratio of 13.50. This is a negative value and a sign of low solvency as NSA would need 13.50 years to pay back of all of its debts.
- NSA's Debt to FCF ratio of 13.50 is in line compared to the rest of the industry. NSA outperforms 56.67% of its industry peers.
- NSA has a Debt/Equity ratio of 3.50. This is a high value indicating a heavy dependency on external financing.
- NSA has a Debt to Equity ratio of 3.50. This is in the lower half of the industry: NSA underperforms 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.5 | ||
| Debt/FCF | 13.5 | ||
| Altman-Z | 0.5 |
ROIC/WACC0.62
WACC7.1%
2.3 Liquidity
- A Current Ratio of 0.40 indicates that NSA may have some problems paying its short term obligations.
- The Current ratio of NSA (0.40) is worse than 70.00% of its industry peers.
- A Quick Ratio of 0.40 indicates that NSA may have some problems paying its short term obligations.
- The Quick ratio of NSA (0.40) is worse than 70.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 |
3. Growth
3.1 Past
- NSA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -64.33%.
- The Earnings Per Share has been growing slightly by 6.27% on average over the past years.
- Looking at the last year, NSA shows a decrease in Revenue. The Revenue has decreased by -4.98% in the last year.
- NSA shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.71% yearly.
EPS 1Y (TTM)-64.33%
EPS 3Y6.27%
EPS 5YN/A
EPS Q2Q%-5.56%
Revenue 1Y (TTM)-4.98%
Revenue growth 3Y9.57%
Revenue growth 5Y14.71%
Sales Q2Q%-2.54%
3.2 Future
- Based on estimates for the next years, NSA will show a very negative growth in Earnings Per Share. The EPS will decrease by -13.13% on average per year.
- NSA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.19% yearly.
EPS Next Y-44.01%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
EPS Next 5YN/A
Revenue Next Year-2.73%
Revenue Next 2Y-0.83%
Revenue Next 3Y0.78%
Revenue Next 5Y3.19%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 54.36, NSA can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, NSA is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
- Compared to an average S&P500 Price/Earnings ratio of 27.33, NSA is valued quite expensively.
- A Price/Forward Earnings ratio of 51.14 indicates a quite expensive valuation of NSA.
- NSA's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. NSA is more expensive than 60.00% of the companies in the same industry.
- NSA's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.12.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.36 | ||
| Fwd PE | 51.14 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, NSA is valued cheaper than 96.67% of the companies in the same industry.
- NSA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NSA is cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.12 | ||
| EV/EBITDA | 12.52 |
4.3 Compensation for Growth
- NSA's earnings are expected to decrease with -13.13% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 7.53%, NSA is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.69, NSA pays a better dividend. On top of this NSA pays more dividend than 93.33% of the companies listed in the same industry.
- NSA's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.53% |
5.2 History
- The dividend of NSA is nicely growing with an annual growth rate of 10.15%!
- NSA has paid a dividend for at least 10 years, which is a reliable track record.
- As NSA did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)10.15%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
- 413.84% of the earnings are spent on dividend by NSA. This is not a sustainable payout ratio.
- The Dividend Rate of NSA has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP413.84%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
NYSE:NSA (1/15/2026, 11:17:57 AM)
33.16
+0.39 (+1.19%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)11-03 2025-11-03/amc
Earnings (Next)02-24 2026-02-24/amc
Inst Owners100.26%
Inst Owner Change0.02%
Ins Owners8%
Ins Owner Change0%
Market Cap2.55B
Revenue(TTM)756.02M
Net Income(TTM)47.11M
Analysts52.73
Price Target33.69 (1.6%)
Short Float %10.34%
Short Ratio6.11
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.53% |
Yearly Dividend2.42
Dividend Growth(5Y)10.15%
DP413.84%
Div Incr Years9
Div Non Decr Years9
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.67%
Min EPS beat(2)-8.98%
Max EPS beat(2)-4.37%
EPS beat(4)0
Avg EPS beat(4)-17.89%
Min EPS beat(4)-43.42%
Max EPS beat(4)-4.37%
EPS beat(8)3
Avg EPS beat(8)26.9%
EPS beat(12)4
Avg EPS beat(12)17.2%
EPS beat(16)4
Avg EPS beat(16)4.38%
Revenue beat(2)2
Avg Revenue beat(2)2.87%
Min Revenue beat(2)2.22%
Max Revenue beat(2)3.53%
Revenue beat(4)3
Avg Revenue beat(4)-0.3%
Min Revenue beat(4)-8.32%
Max Revenue beat(4)3.53%
Revenue beat(8)7
Avg Revenue beat(8)0.79%
Revenue beat(12)11
Avg Revenue beat(12)1.36%
Revenue beat(16)15
Avg Revenue beat(16)2.19%
PT rev (1m)-1.2%
PT rev (3m)-3.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-7.14%
EPS NY rev (1m)0%
EPS NY rev (3m)-13.9%
Revenue NQ rev (1m)1%
Revenue NQ rev (3m)1.06%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)0.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.36 | ||
| Fwd PE | 51.14 | ||
| P/S | 3.38 | ||
| P/FCF | 10.12 | ||
| P/OCF | 7.38 | ||
| P/B | 2.62 | ||
| P/tB | 3.09 | ||
| EV/EBITDA | 12.52 |
EPS(TTM)0.61
EY1.84%
EPS(NY)0.65
Fwd EY1.96%
FCF(TTM)3.28
FCFY9.88%
OCF(TTM)4.49
OCFY13.55%
SpS9.82
BVpS12.64
TBVpS10.71
PEG (NY)N/A
PEG (5Y)N/A
Graham Number13.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.92% | ||
| ROE | 4.84% | ||
| ROCE | 5.6% | ||
| ROIC | 4.42% | ||
| ROICexc | 4.45% | ||
| ROICexgc | 4.59% | ||
| OM | 37.1% | ||
| PM (TTM) | 6.23% | ||
| GM | N/A | ||
| FCFM | 33.36% |
ROA(3y)1.84%
ROA(5y)1.63%
ROE(3y)7.87%
ROE(5y)6.49%
ROIC(3y)4.3%
ROIC(5y)3.88%
ROICexc(3y)4.34%
ROICexc(5y)3.91%
ROICexgc(3y)4.44%
ROICexgc(5y)3.99%
ROCE(3y)5.44%
ROCE(5y)4.91%
ROICexgc growth 3Y13.51%
ROICexgc growth 5Y6.59%
ROICexc growth 3Y12.74%
ROICexc growth 5Y6.15%
OM growth 3Y1.16%
OM growth 5Y3.36%
PM growth 3Y-9.08%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.15
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.5 | ||
| Debt/FCF | 13.5 | ||
| Debt/EBITDA | 7.22 | ||
| Cap/Depr | 49.09% | ||
| Cap/Sales | 12.39% | ||
| Interest Coverage | 1.8 | ||
| Cash Conversion | 73.39% | ||
| Profit Quality | 535.32% | ||
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 0.5 |
F-Score3
WACC7.1%
ROIC/WACC0.62
Cap/Depr(3y)113.11%
Cap/Depr(5y)407.79%
Cap/Sales(3y)31.49%
Cap/Sales(5y)110.85%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-64.33%
EPS 3Y6.27%
EPS 5YN/A
EPS Q2Q%-5.56%
EPS Next Y-44.01%
EPS Next 2Y-24.58%
EPS Next 3Y-13.13%
EPS Next 5YN/A
Revenue 1Y (TTM)-4.98%
Revenue growth 3Y9.57%
Revenue growth 5Y14.71%
Sales Q2Q%-2.54%
Revenue Next Year-2.73%
Revenue Next 2Y-0.83%
Revenue Next 3Y0.78%
Revenue Next 5Y3.19%
EBIT growth 1Y-9.67%
EBIT growth 3Y10.84%
EBIT growth 5Y18.56%
EBIT Next Year43.56%
EBIT Next 3Y14.24%
EBIT Next 5Y11.81%
FCF growth 1Y-31.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-21.67%
OCF growth 3Y3.09%
OCF growth 5Y13.05%
NATIONAL STORAGE AFFILIATES / NSA FAQ
What is the fundamental rating for NSA stock?
ChartMill assigns a fundamental rating of 3 / 10 to NSA.
What is the valuation status for NSA stock?
ChartMill assigns a valuation rating of 3 / 10 to NATIONAL STORAGE AFFILIATES (NSA). This can be considered as Overvalued.
What is the profitability of NSA stock?
NATIONAL STORAGE AFFILIATES (NSA) has a profitability rating of 4 / 10.
What are the PE and PB ratios of NATIONAL STORAGE AFFILIATES (NSA) stock?
The Price/Earnings (PE) ratio for NATIONAL STORAGE AFFILIATES (NSA) is 54.36 and the Price/Book (PB) ratio is 2.62.
Is the dividend of NATIONAL STORAGE AFFILIATES sustainable?
The dividend rating of NATIONAL STORAGE AFFILIATES (NSA) is 7 / 10 and the dividend payout ratio is 413.84%.