NSA
National Storage Affiliates Trust
NYSE: NSA · REAL ESTATE · REIT - INDUSTRIAL
$43.65
+1.14% today
Updated 2026-06-05
Market cap
$6.27B
P/E ratio
56.87
P/S ratio
8.46x
EPS (TTM)
$0.75
Dividend yield
5.25%
52W range
$27 – $44
Volume
0.9M
WallStSmart proprietary scores
59
out of 100
Grade: C+
Hold
Investment rating
6.7
Growth
B3.0
Quality
D7.0
Profitability
B+5.3
Valuation
C+4/9
Piotroski F-Score
Moderate
0.3
Altman Z-Score
Distress
—
Industry rank
—
View all highly rated stocks (75+) →202 stocks currently score above 75
Price targets
Analyst target
$40.97
-6.14%
12-Month target
$25.88
-40.71%
Intrinsic (DCF)
$47.96
Margin of safety
+30.25%
0 Strong Buy1 Buy12 Hold0 Sell0 Strong Sell
Price chart
Stock snapshot
Strengths
+ Free cash flow $76.84M — positive
+ Revenue growth 18.00% QoQ
+ 30.25% below intrinsic value
Risks
- Altman Z 0.33 — distress zone
- P/E 56.87x — expensive valuation
- Debt/equity 3.77x — high leverage
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $801.57M | $858.06M | $770.34M | $752.93M | $749.54M |
| Net income | $103.74M | $156.67M | $111.52M | $73.78M | $17.78M |
| EPS | — | — | — | — | $0.75 |
| Free cash flow | $400.12M | $406.03M | $342.49M | $299.81M | $76.84M |
| Profit margin | 12.94% | 18.26% | 14.48% | 9.80% | 10.50% |
Peer comparison
Smart narrative
National Storage Affiliates Trust trades at $43.65. representing a P/E of 56.87x trailing earnings. Our Smart Value Score of 59/100 indicates the stock is fair. The company scores 4/9 on the Piotroski F-Score. With an Altman Z-Score of 0.33, it sits in the distress. TTM revenue stands at $749.54M. with profit margins at 10.50%. Our DCF model estimates intrinsic value at $47.96.
Frequently asked questions
What is National Storage Affiliates Trust's stock price?
National Storage Affiliates Trust (NSA) trades at $43.65, on a P/E of 56.9x and a P/S of 8.5x. Those multiples show what the market is paying for each dollar of earnings and sales, which is the real starting point for judging whether the price is reasonable.
Is National Storage Affiliates Trust overvalued?
National Storage Affiliates Trust carries a Smart Value Score of 59/100 (Grade C+), which we rate Hold. That score blends growth, quality, and valuation into one read. Our DCF puts intrinsic value at $47.96 versus the $43.65 price, a 30.3% margin of safety on a cash flow basis.
What is the price target of National Storage Affiliates Trust (NSA)?
The 12-month analyst consensus target is $40.97, about 6.1% below the current $43.65. A consensus target is the average of Wall Street's 12-month forecasts, so it works as a sentiment gauge rather than a guarantee, and it resets with every earnings cycle.
What is the intrinsic value of National Storage Affiliates Trust (NSA)?
Our DCF model estimates intrinsic value at $47.96, a +30.3% margin of safety versus today's $43.65. Intrinsic value is what the projected cash flows are worth today. A positive reading means the price sits below that estimate, leaving a cushion if growth holds.
What is National Storage Affiliates Trust's revenue?
National Storage Affiliates Trust's trailing twelve-month revenue is $749.54M. Revenue scale anchors the valuation multiples and shows whether growth is reaching the top line, so it is best read alongside margin and growth trends to see if that revenue is getting more profitable over time.
Altman Z-Score?
National Storage Affiliates Trust's Altman Z-Score is 0.33, which places it in the distress. The Altman Z-Score gauges bankruptcy risk from profitability, leverage, and asset efficiency, and a higher reading points to lower financial distress risk.
Company info
SectorREAL ESTATE
IndustryREIT - INDUSTRIAL
CountryUSA
ExchangeNYSE
CurrencyUSD
Quick metrics
P/S ratio8.46x
ROE8.61%
Beta1.09
50D MA$41.31
200D MA$33.77
Shares out0.08B
Float0.07B
Short ratio—
Avg volume0.9M
Performance
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