National Storage Affiliates Trust

National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

National Storage Affiliates Trust reports robust Q4 performance and growth outlook

National Storage Affiliates Trust (NSA) demonstrated strong financial performance in Q4 2022, driven by acquisitions and operational efficiency.
Despite challenges in the acquisitions environment and interest rate headwinds, NSA remains well-positioned for growth and value creation.
The company's strategic focus on community support, financial management, and market insights positions it for continued success in '23 and beyond.
Positive demand indicators, occupancy rates, and revenue growth projections underscore NSA's resilience and potential for sustained performance.

National Storage Affiliates Trust reports solid Q1 performance amidst challenges

NSA's Q1 2023 performance showcased revenue growth and occupancy improvements, despite challenges from the economy and housing market.
The company's strategic strengths lie in conservative leverage, geographic diversity, and stable customer retention rates.
Challenges include market uncertainties and balancing share buybacks with leverage, while opportunities exist in preferred equity issuance and marketing strategies.
NSA's focus on driving rental growth through rate adjustments and managing supply pressures positions them for long-term success.

National Storage Affiliates Trust reports resilient Q2 performance and strategic growth plans

National Storage Affiliates Trust (NSA) navigated challenges in Q2 while emphasizing operational strengths and strategic growth plans. Despite near-term headwinds, the company remains confident in its market positioning and strategies for continued success. NSA's focus on enhancing customer acquisition and revenue management processes bodes well for future growth.

National Storage Affiliates Trust reports Q3 challenges and growth opportunities

NSA faces challenges from high interest rates and competitive markets but maintains guidance and pursues portfolio optimization.
Occupancy decline and rising expenses pose challenges, while technology enhancements and marketing efforts present opportunities.
PROs are actively acquiring properties outside the REIT, leveraging various funding sources and focusing on demand generation.
The company is confident in executing dispositions and JVs, with a focus on efficient team operations and strategic acquisitions.

National Storage Affiliates Trust (NSA) Q4 2023 Earnings: Strategic Initiatives Drive Growth Amid Revenue Challenges

National Storage Affiliates Trust (NSA) navigated challenges of flat revenue growth and declining occupancy in Q4 2023. The company focused on portfolio optimization, technology investments, and strategic capital enhancements to drive future growth and operational efficiency.

National Storage Affiliates Trust (NSA) reports Q1 challenges and growth opportunities

National Storage Affiliates Trust (NSA) faces challenges in certain markets but sees opportunities in Sunbelt regions. The company is actively managing its balance sheet, targeting strategic acquisitions, and optimizing its portfolio. Despite a decrease in Core FFO, NSA remains focused on growth and performance improvements.

National Storage Affiliates Trust faces market challenges, pursues strategic growth

NSA's Q2 2024 earnings call highlighted challenges from a competitive operating environment, leading to a 9% decrease in core FFO per share.
Despite pressure on revenue growth and occupancy rates, NSA focused on strategic acquisitions, internalizing the PRO structure, and enhancing shareholder value.
Revised guidance for 2024 reflects ongoing headwinds, but NSA remains committed to operational excellence and pursuing growth opportunities.
With a strong operational focus and strategic initiatives in place, NSA aims to navigate market challenges and drive long-term value creation for shareholders.

NSA navigated challenges of declining street rates with operational resilience and strategic financial decisions, maintaining focus on portfolio optimization.
The company's proactive approach to internalization and acquisitions positions it for sustainable growth and operational efficiency in the real estate sector.
Despite near-term revenue challenges, NSA's strategic initiatives and focus on customer dynamics present opportunities for long-term value creation.

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Despite delivering the strongest earnings growth of any property sector in 2022, Self-Storage REITs have stumbled of late amid a post-pandemic demand normalization and pressure from elevated supply growth. Storage demand is driven largely by housing activity – specifically home sales and rental market turnover. Rental market turnover finished 2022 near historic-lows while home sales also dipped to decade-lows.

Storage REITs: Downsized Demand

GREENWOOD VILLAGE, Colo.--( BUSINESS WIRE )--National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA) today announced the tax treatment of its 2022 distributions on its Common Shares of Beneficial Interest (CUSIP Number 637870106) and its 6.000% Series A Cumulative Redeemable Preferred Shares (CUSIP Number 637870205).

National Storage Affiliates Trust Announces Tax Treatment of 2022 Distributions

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I've always liked the self-storage business due to its low capex requirement and the somewhat sticky customer mindset. Perhaps I'm biased because as my wife tells me “I'm a pack rat” and I tend to keep everything.

Storage Wars: May The Force Be With You

GREENWOOD VILLAGE, Colo.--( BUSINESS WIRE )--National Storage Affiliates Trust (“NSA” or the "Company") (NYSE: NSA), today announced Tiffany S. Kenyon has been promoted to Executive Vice President and Chief Legal Officer, from her previous role of Executive Vice President and General Counsel.

National Storage Affiliates Trust Announces Promotion of Tiffany S. Kenyon to Executive Vice President and Chief Legal Officer

NSA has demonstrated industry-leading operating metrics over the past 5 years. It differentiates itself with the PRO structure, and has plenty of growth runway in key markets.

National Storage Affiliates: A Great Dividend Growth Pick

Shares of National Storage Affiliates have fallen 48% in the past year as interest rates have risen and growth has slowed. While growth is poised to slow over the next year, NSA has been a fantastic performer since its 2015 IPO.

National Storage Affiliates: Insiders Are Buying The 6.2% Yield

GREENWOOD VILLAGE, Colo.--( BUSINESS WIRE )--National Storage Affiliates Trust (“NSA” or the "Company") (NYSE: NSA), today announced the following recent activity:

National Storage Affiliates Announces Fourth Quarter 2022 Capital Markets Activity and PRO Update

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National Storage Affiliates has been taken out behind the woodshed in 2022, as shares are down more than 40% YTD. The valuation is attractive at 14.1x price/FFO, which is cheap when compared to NSA's history as well as other storage REITs.

National Storage Affiliates: The First Storage REIT Addition To My Roth IRA

Our analysis is focused on sectors with strong pricing power and solid supply-and-demand attributes. One sector that screens attractive is the self-storage sector.

National Storage Affiliates: Pound For Pound, One Of The Best REITs Around

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GREENWOOD VILLAGE, Colo.--( BUSINESS WIRE )--National Storage Affiliates Trust (“NSA” or the "Company") (NYSE: NSA), today announced its Board of Trustees has elevated Tamara Fischer, Chief Executive Officer, to Executive Chair, effective April 1, 2023. Tammy has served as an officer of NSA since its IPO in 2015 and as its CEO and member of the Board of Trustees of NSA since 2020.

National Storage Affiliates Announces Management Transition

National Storage Affiliates Trust (NYSE:NSA ) Q3 2022 Earnings Conference Call November 3, 2022 1:00 PM ET Company Participants George Hoglund - Vice President of Investor Relations Tamara Fischer - Chief Executive Officer David Cramer - President and Chief Operating Officer Brandon Togashi - Chief Financial Officer Conference Call Participants Juan Sanabria - BMO Capital Markets Neil Malkin - Capital One Securities Smedes Rose - Citi Michael Goldsmith - UBS Wesley Golladay - Baird Ronald Kamdem - Morgan Stanley Todd Thomas - KeyBanc Operator Greetings, and welcome to the National Storage Affiliates' Third Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode.

National Storage Affiliates Trust (NSA) Q3 2022 Earnings Call Transcript

National Storage (NSA) delivered FFO and revenue surprises of -1.37% and 0.99%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

National Storage (NSA) Q3 FFO Miss Estimates

National Storage Affiliates Trust Reports Third Quarter 2022 Results

National Storage Affiliates Trust Announces Date of its Third Quarter 2022 Earnings Release and Conference Call

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Self-Storage REITs have defied expectations to the upside as comprehensively as any real estate sector since the start of the pandemic, delivering earnings growth of over 50% since 2019. Incremental storage demand is driven by change- particularly home moving rates and household formations. Surging mortgage rates have had a "lock-in" effect among existing homeowners while also pricing-out new formations.

Storage REITs: Locked-In And Sticky

National Storage Affiliates is a leader in the self storage industry with an interest in over 1,000 properties located predominantly in the top 100 MSAs. The portfolio has grown significantly in recent years, resulting in outsized returns over their competitors.

National Storage Affiliates: Leave Some Buying Power For This Self Storage Bargain

National Storage Affiliates Trust (NYSE:NSA ) Q2 2022 Earnings Conference Call August 4, 2022 1:00 PM ET Company Participants George Hoglund - Vice President of Investor Relations Tamara Fischer - President, Chief Executive Officer & Trustee Dave Cramer - Executive Vice President, Chief Operating Officer & Member of Pro Advisory Committee Brandon Togashi - Executive Vice President, Chief Financial Officer, Chief Accounting Officer & Treasurer Conference Call Participants Samir Khanal - Evercore ISI Ki Bin Kim - Truist Securities Neil Malkin - Capital One Securities Todd Thomas - KeyBanc Capital Markets Keegan Carl - Berenberg Ronald Kamdem - Morgan Stanley Spenser Allaway - Green Street Operator Greetings, and welcome to the National Storage Affiliates Second Quarter 2022 Conference Call. At this time all participants are in a listen-only mode.

National Storage Affiliates Trust (NSA) CEO Tamara Fischer on Q2 2022 Results - Earnings Call Transcript

National Storage Affiliates is a well-positioned REIT that's demonstrating strong fundamentals. NSA has unique competitive advantages and a long runway for consolidation in the highly fragmented self-storage market.

National Storage Affiliates: A No-Brainer Buy For High Yield And Growth

National Storage (NSA) delivered FFO and revenue surprises of 0% and 2.22%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

National Storage (NSA) Matches Q2 FFO Estimates

News for National Storage Affiliates Trust Stock (NSA)