National Storage Affiliates Trust

Chart & Performance

D1W1MN

Profile

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.

URL

https://www.nationalstorageaffiliates.com/

IPO date

Apr 23, 2015

Employees

1,155

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	858,063 7.05%	801,569 36.86%	585,671 35.50%
Cost of revenue	288,267	280,336	212,866
Unusual Expense (Income)
NOPBT	569,796	521,233	372,805
NOPBT Margin	66.40%	65.03%	63.65%
Operating Taxes	1,590	4,689	1,690
Tax Rate	0.28%	0.90%	0.45%
NOPAT	568,206	516,544	371,115
Net income	156,669 -14.74%	183,765 25.07%	146,935 84.88%
Dividends	(209,926)	(209,124)	(144,812)
Dividend yield	3.47%	6.35%	1.56%
Proceeds from repurchase of equity	(310,152)	(90,109)	900,980
BB yield	5.12%	2.73%	-9.68%
Debt
Debt current	381,000	496,000	490,000
Long-term debt	3,321,961	3,106,661	2,498,893
Deferred revenue		23,213	22,208
Other long-term liabilities	7,084	483	33,757
Net debt	3,397,010	3,339,908	2,775,693
Cash flow
Cash from operating activities	441,576	443,847	331,349
CAPEX	(35,548)	(43,726)	(28,003)
Cash from investing activities	161,105	(584,165)	(1,998,050)
Cash from financing activities	(557,187)	154,642	1,672,875
FCF	16,085	522,716	359,193
Balance
Cash	94,590	35,312	25,013
Long term investments	211,361	227,441	188,187
Excess cash	263,048	222,675	183,916
Stockholders' equity	616,278	611,030	615,682
Invested Capital	5,548,643	5,766,955	5,319,416
ROIC	10.04%	9.32%	8.69%
ROCE	9.80%	8.74%	6.80%
EV
Common stock shares outstanding	146,023	91,239	134,538
Price	41.47 14.81%	36.12 -47.80%	69.20 92.06%
Market cap	6,055,574 83.75%	3,295,553 -64.60%	9,310,030 287.94%
EV	10,496,888	7,601,713	13,011,367
EBITDA	791,789	754,391	531,117
EV/EBITDA	13.26	10.08	24.50
Interest	166,147	110,599	72,062
Interest/NOPBT	29.16%	21.22%	19.33%