National Storage Affiliates Trust

Chart & Performance

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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	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	770,335 -10.22%	858,063 7.05%	801,569 36.86%
Cost of revenue	269,458	288,267	280,336
Unusual Expense (Income)
NOPBT	500,877	569,796	521,233
NOPBT Margin	65.02%	66.40%	65.03%
Operating Taxes	(3,767)	1,590	4,689
Tax Rate		0.28%	0.90%
NOPAT	504,644	568,206	516,544
Net income	111,518 -28.82%	156,669 -14.74%	183,765 25.07%
Dividends	(171,818)	(209,926)	(209,124)
Dividend yield	5.90%	3.47%	6.35%
Proceeds from repurchase of equity	(284,699)	(310,152)	(90,109)
BB yield	9.77%	5.12%	2.73%
Debt
Debt current	22,888	381,000	496,000
Long-term debt	45,776	3,321,961	3,106,661
Deferred revenue			23,213
Other long-term liabilities	3,525,327	7,084	483
Net debt	(227,937)	3,397,010	3,339,908
Cash flow
Cash from operating activities	363,065	441,576	443,847
CAPEX	(18,651)	(35,548)	(43,726)
Cash from investing activities	425,415	161,105	(584,165)
Cash from financing activities	(825,420)	(557,187)	154,642
FCF	976,549	16,085	522,716
Balance
Cash	50,408	94,590	35,312
Long term investments	246,193	211,361	227,441
Excess cash	258,084	263,048	222,675
Stockholders' equity	703,678	616,278	611,030
Invested Capital	5,076,366	5,548,643	5,766,955
ROIC	9.50%	10.04%	9.32%
ROCE	9.39%	9.80%	8.74%
EV
Common stock shares outstanding	76,844	146,023	91,239
Price	37.91 -8.58%	41.47 14.81%	36.12 -47.80%
Market cap	2,913,156 -51.89%	6,055,574 83.75%	3,295,553 -64.60%
EV	3,372,586	10,496,888	7,601,713
EBITDA	690,732	791,789	754,391
EV/EBITDA	4.88	13.26	10.08
Interest	154,260	166,147	110,599
Interest/NOPBT	30.80%	29.16%	21.22%