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National Storage Affiliates Trust (NSA)

Real Estate | REIT - Industrial | Greenwood Village, United States | NYSE
45.06 USD +0.30 (0.670%) ⇧ (July 13, 2026, 4 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | July 11, 2026, 2:39 a.m. EDT

The investment case here is defined by a stark disconnect between the attractive income and the deteriorating price trend. The dividend yield of 5.11% is compelling, yet the payout ratio of 3.04 implies the company is distributing nearly 300% of its earnings, which is unsustainable without capital recycling or asset sales. This aggressive payout is likely propping up the share price despite a brutal multi-year performance where the stock has lost over 22% in the last year alone. While the business generates decent free cash flow, the market has clearly priced in a structural decline, evidenced by the six consecutive years of negative annual returns ending with a sharp drop. The options market confirms this pessimism, with traders buying protection at lower levels while ignoring near-term upside. Until the payout ratio becomes sustainable or the price trajectory turns positive, this remains a hold for income seekers who can stomach the risk of further downside, rather than a core growth or value compounder.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.039698
AutoETS0.039848
AutoARIMA0.039849
MSTL0.043491

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 43%
H-stat 8.70
Ljung-Box p 0.000
Jarque-Bera p 0.310
Excess Kurtosis -1.11
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-07-20
Last Dividend Date 2026-06-14
Debt to Equity Ratio 127.046
Revenue per Share 9.757
Market Cap 6,615,740,416
Trailing P/E 60.08
Forward P/E 120.61
Beta 1.06
Profit Margins 10.48%
Website https://www.nationalstorageaffiliates.com

As of July 11, 2026, 2:39 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put open interest at the $35 and $40 strikes, suggesting a fear of a significant drop below current levels. Conversely, call activity is concentrated far out-of-the-money at the $50 strike, indicating a speculative hope for a recovery to previous highs rather than immediate upside momentum. Implied volatility is elevated relative to deep OTM strikes, reflecting uncertainty.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.27% 6.90% 6.21% 5.52%
Dividend History
Date Dividend Yield %
2026-06-15 0.57 1.269205
2026-03-13 0.57 1.842275
2025-12-15 0.57 1.940756
2025-09-15 0.57 1.842871
2025-06-13 0.57 1.728320
2025-03-14 0.57 1.553980
2024-12-13 0.57 1.374488
2024-09-13 0.56 1.174990
2024-06-14 0.56 1.370869
2024-03-14 0.56 1.525470
2023-12-14 0.56 1.391996
2023-09-14 0.56 1.617562
2023-06-14 0.56 1.593626
2023-03-14 0.55 1.317997
2022-12-14 0.55 1.445087
2022-09-14 0.55 1.143689
2022-06-14 0.55 1.206140
2022-03-14 0.50 0.842744
2021-12-14 0.45 0.704556
2021-09-14 0.41 0.717787
2021-06-14 0.38 0.764280
2021-03-12 0.35 0.861009
2020-12-14 0.35 1.027900
2020-09-14 0.34 0.968385
2020-06-12 0.33 1.095617
2020-03-12 0.33 1.102573
2019-12-12 0.33 1.017576
2019-09-12 0.32 0.986741
2019-06-13 0.32 1.073465
2019-03-14 0.30 1.066477
2018-12-13 0.30 1.014885
2018-09-13 0.29 1.060717
2018-06-14 0.29 0.981055
2018-03-14 0.28 1.084431
2017-12-14 0.28 1.076509
2017-09-14 0.26 1.114445
2017-06-13 0.26 1.141853
2017-03-13 0.24 1.034037
2016-12-13 0.24 1.145585
2016-09-13 0.22 1.148225
2016-06-13 0.22 1.061264
2016-03-11 0.20 1.007049
2015-12-11 0.20 1.244555
2015-09-28 0.19 1.418969
2015-06-26 0.15 1.185771
Additional Data
dividendRate 2.28
dividendYield 5.06
exDividendDate 2026-07-21
trailingAnnualDividendRate 2.28
trailingAnnualDividendYield 0.050938338
lastDividendValue 0.57
lastDividendDate 2026-06-15
dividendDate 2026-06-30

Info Dump

Attribute Value
52 Week Change 0.3679707
Address1 8,400 East Prentice Avenue
Address2 9th Floor
All Time High 70.04
All Time Low 11.5
Ask 49.39
Ask Size 200
Audit Risk 5
Average Analyst Rating 2.8 - Hold
Average Daily Volume10 Day 724,310
Average Daily Volume3 Month 847,513
Average Volume 847,513
Average Volume10Days 724,310
Beta 1.061
Bid 0.0
Bid Size 200
Board Risk 6
Book Value 7.381
City Greenwood Village
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 3
Country United States
Crypto Tradeable 0
Currency USD
Current Price 45.06
Current Ratio 0.128
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 45.55
Day Low 44.7725
Debt To Equity 127.046
Dividend Date 1,782,777,600
Dividend Rate 2.28
Dividend Yield 5.06
Earnings Call Timestamp End 1,772,128,800
Earnings Call Timestamp Start 1,772,128,800
Earnings Growth 2.366
Earnings Quarterly Growth 2.134
Earnings Timestamp 1,778,011,200
Earnings Timestamp End 1,785,787,200
Earnings Timestamp Start 1,785,787,200
Ebitda 463,851,008
Ebitda Margins 0.61885
Enterprise To Ebitda 13.33
Enterprise To Revenue 8.249
Enterprise Value 6,183,320,064
Eps Current Year 0.33023
Eps Forward 0.37361
Eps Trailing Twelve Months 0.75
Esg Populated 0
Ex Dividend Date 1,784,592,000
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 720 630 2626
Fifty Day Average 43.6574
Fifty Day Average Change 1.4026031
Fifty Day Average Change Percent 0.032127503
Fifty Two Week Change Percent 36.79707
Fifty Two Week High 46.47
Fifty Two Week High Change -1.4099998
Fifty Two Week High Change Percent -0.030342152
Fifty Two Week Low 27.43
Fifty Two Week Low Change 17.630001
Fifty Two Week Low Change Percent 0.64272696
Fifty Two Week Range 27.43 - 46.47
Financial Currency USD
First Trade Date Milliseconds 1,429,709,400,000
Five Year Avg Dividend Yield 5.31
Float Shares 71,208,940
Forward Eps 0.37361
Forward P E 120.607056
Free Cashflow 241,671,008
Full Exchange Name NYSE
Full Time Employees 1,458
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.76779
Gross Profits 575,489,984
Has Pre Post Market Data 1
Held Percent Insiders 0.07808
Held Percent Institutions 0.95171
Implied Shares Outstanding 146,820,691
Industry REIT - Industrial
Industry Disp REIT - Industrial
Industry Key reit-industrial
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 0.57
Last Fiscal Year End 1,767,139,200
Long Business Summary National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of March 31, 2026, the Company held ownership interests in and operated 1,061 self storage properties, located in 37 states and Puerto Rico with approximately 69.3 million rentable square feet, excluding three properties classified as held for sale, that were sold to a third party in April 2026. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States. National Storage Affiliates Trust was incorporated in 2013 in Maryland, USA.
Long Name National Storage Affiliates Trust
Market us_market
Market Cap 6,615,740,416
Market State PRE
Max Age 86,400
Message Board Id finmb_257024482
Most Recent Quarter 1,617,148,800
Net Income To Common 58,011,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 3,479,196,736
Number Of Analyst Opinions 10
Open 44.59
Operating Cashflow 340,315,008
Operating Margins 0.35805
Overall Risk 3
Payout Ratio 3.04
Peg Ratio 1.66
Phone 720 630 2600
Pre Market Change 0.32999802
Pre Market Change Percent 0.73235244
Pre Market Price 45.39
Pre Market Time 1,784,025,010
Previous Close 44.76
Price Eps Current Year 136.45036
Price Hint 2
Price To Book 6.104864
Price To Sales Trailing12 Months 8.826365
Profit Margins 0.104820006
Quick Ratio 0.107
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.83333
Region US
Regular Market Change 0.300003
Regular Market Change Percent 0.670248
Regular Market Day High 45.55
Regular Market Day Low 44.7725
Regular Market Day Range 44.7725 - 45.55
Regular Market Open 44.59
Regular Market Previous Close 44.76
Regular Market Price 45.06
Regular Market Time 1,783,972,803
Regular Market Volume 1,989,312
Return On Assets 0.03359
Return On Equity 0.07858
Revenue Growth 0.18
Revenue Per Share 9.757
Sand P52 Week Change 0.20847368
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 3
Shares Outstanding 77,212,533
Shares Percent Shares Out 0.0002
Shares Short 14,648
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 4,815
Short Name National Storage Affiliates Tru
Short Percent Of Float 0.0002
Short Ratio 0.02
Source Interval 15
State CO
Symbol NSA
Target High Price 49.0
Target Low Price 40.0
Target Mean Price 43.862
Target Median Price 44.31
Total Cash 19,513,000
Total Cash Per Share 0.253
Total Debt 2,009,383,040
Total Revenue 749,542,976
Tradeable 0
Trailing Annual Dividend Rate 2.28
Trailing Annual Dividend Yield 0.050938338
Trailing Eps 0.75
Trailing P E 60.08
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 35.6044
Two Hundred Day Average Change 9.455601
Two Hundred Day Average Change Percent 0.26557395
Type Disp Equity
Volume 1,989,312
Website https://www.nationalstorageaffiliates.com
Zip 80,111