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National Storage Affiliates Trust (NSA) Financials

National Storage Affiliates Trust logo
$36.04 -0.36 (-0.99%)
Closing price 04/25/2025 03:59 PM Eastern
Extended Trading
$35.52 -0.52 (-1.44%)
As of 04/25/2025 07:50 PM Eastern
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Annual Income Statements for National Storage Affiliates Trust

Annual Income Statements for National Storage Affiliates Trust

This table shows National Storage Affiliates Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
12 18 0.66 3.76 -8.41 36 92 90 138 91
Consolidated Net Income / (Loss)
4.80 25 46 56 66 79 147 184 237 183
Net Income / (Loss) Continuing Operations
4.80 25 46 56 66 79 147 156 237 183
Total Pre-Tax Income
4.98 25 47 57 67 81 149 188 239 187
Total Operating Income
32 58 79 102 127 147 218 262 337 297
Total Gross Profit
134 134 184 227 278 309 430 563 629 558
Total Revenue
134 199 268 331 388 432 586 802 858 770
Operating Revenue
130 199 268 331 388 432 586 774 858 770
Total Cost of Revenue
0.00 65 84 104 110 123 155 211 229 212
Operating Cost of Revenue
- 65 84 104 110 123 155 211 229 212
Total Operating Expenses
102 77 105 125 151 162 212 301 292 261
Selling, General & Admin Expense
16 22 30 36 46 44 54 68 70 71
Depreciation Expense
41 55 75 89 105 117 158 233 222 190
Total Other Income / (Expense), net
-27 -32 -31 -45 -59 -66 -70 -101 -98 -110
Interest Expense
22 24 34 43 56 63 72 111 167 155
Interest & Investment Income
0.00 -1.48 -2.34 -1.42 -4.97 0.27 5.29 7.75 7.55 -16
Other Income / (Expense), net
-4.92 -6.69 5.06 -0.36 1.95 -3.64 -2.85 1.77 61 61
Income Tax Expense
0.19 0.37 1.16 0.82 1.35 1.67 1.69 4.69 1.59 3.77
Preferred Stock Dividends Declared
0.00 0.00 2.30 10 12 13 13 13 19 20
Net Income / (Loss) Attributable to Noncontrolling Interest
-7.64 6.90 43 42 62 31 42 80 80 72
Basic Earnings per Share
$0.80 $0.60 $0.01 $0.07 ($0.15) $0.53 $1.13 $0.99 $1.58 $1.18
Weighted Average Basic Shares Outstanding
15.46M 29.89M 44.42M 53.29M 58.21M 66.55M 81.20M 91.24M 86.85M 76.84M
Diluted Earnings per Share
$0.17 $0.31 $0.01 $0.07 ($0.15) $0.53 $0.98 $0.99 $1.48 $1.18
Weighted Average Diluted Shares Outstanding
45.41M 78.75M 44.42M 53.29M 58.21M 66.61M 134.54M 91.24M 146.02M 76.84M
Weighted Average Basic & Diluted Shares Outstanding
23.02M 43.26M 44.42M 53.29M 58.21M 71.36M 91.39M 89.91M 79.98M 76.40M
Cash Dividends to Common per Share
$0.54 $0.88 $1.04 $1.16 $1.27 $1.35 $1.59 $2.15 $2.23 $2.25

Quarterly Income Statements for National Storage Affiliates Trust

This table shows National Storage Affiliates Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
19 28 25 24 24 64 54 12 14 12
Consolidated Net Income / (Loss)
40 50 40 45 43 108 95 32 30 26
Net Income / (Loss) Continuing Operations
40 23 40 45 43 108 95 32 30 26
Total Pre-Tax Income
42 51 42 46 44 107 96 33 31 28
Total Operating Income
69 55 80 84 85 87 75 72 76 74
Total Gross Profit
152 128 152 158 161 159 141 138 141 138
Total Revenue
207 209 208 216 219 215 196 190 194 190
Operating Revenue
207 181 208 216 219 215 196 190 194 190
Total Cost of Revenue
55 53 56 57 59 57 55 52 53 52
Operating Cost of Revenue
55 53 56 57 59 57 55 52 53 52
Total Operating Expenses
82 72 71 74 75 72 66 66 64 64
Selling, General & Admin Expense
22 17 16 18 19 18 19 20 17 16
Depreciation Expense
60 58 55 57 56 54 47 47 48 48
Total Other Income / (Expense), net
-28 -30 -38 -38 -42 20 21 -39 -46 -46
Interest Expense
29 35 39 40 43 45 38 37 40 39
Interest & Investment Income
2.13 2.16 1.68 1.86 1.93 2.08 -1.63 -4.45 -4.71 -5.28
Other Income / (Expense), net
-0.23 0.79 -1.44 -0.04 -0.37 63 61 2.53 -1.25 -1.50
Income Tax Expense
2.07 1.04 1.20 0.74 0.92 -1.27 0.89 0.54 0.86 1.48
Preferred Stock Dividends Declared
3.38 3.38 3.96 5.12 5.11 4.83 5.11 5.11 5.11 5.11
Net Income / (Loss) Attributable to Noncontrolling Interest
18 19 11 16 14 39 36 15 11 9.40
Basic Earnings per Share
$0.21 $0.30 $0.28 $0.28 $0.28 $0.74 $0.67 $0.16 $0.18 $0.17
Weighted Average Basic Shares Outstanding
91.47M 91.24M 89.50M 88.31M 87.00M 86.85M 80.24M 75.16M 75.76M 76.84M
Diluted Earnings per Share
$0.21 $0.30 $0.24 $0.28 $0.26 $0.70 $0.65 $0.16 $0.18 $0.19
Weighted Average Diluted Shares Outstanding
91.47M 91.24M 148.62M 88.31M 146.12M 146.02M 138.15M 75.16M 75.76M 76.84M
Weighted Average Basic & Diluted Shares Outstanding
90.87M 89.91M 88.30M 89.24M 83.08M 79.98M 74.96M 75.97M 76.24M 76.40M

Annual Cash Flow Statements for National Storage Affiliates Trust

This table details how cash moves in and out of National Storage Affiliates Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-1.75 5.96 1.07 -0.04 7.91 -2.58 6.17 14 45 -37
Net Cash From Operating Activities
50 95 124 162 197 221 331 444 442 363
Net Cash From Continuing Operating Activities
50 95 124 162 197 221 331 444 442 363
Net Income / (Loss) Continuing Operations
4.80 25 46 56 66 79 147 184 237 183
Consolidated Net Income / (Loss)
4.80 25 46 56 66 79 147 184 237 183
Depreciation Expense
41 55 75 89 105 117 158 233 222 190
Amortization Expense
0.97 -0.10 0.61 1.10 1.49 2.01 2.73 3.73 5.97 5.88
Non-Cash Adjustments To Reconcile Net Income
4.46 4.22 5.48 13 21 19 0.17 17 -41 -16
Changes in Operating Assets and Liabilities, net
-0.54 11 -2.91 2.17 3.41 3.20 23 6.62 18 0.21
Net Cash From Investing Activities
-175 -642 -409 -514 -393 -510 -1,998 -584 161 425
Net Cash From Continuing Investing Activities
-175 -642 -409 -514 -393 -510 -1,998 -584 161 425
Purchase of Property, Plant & Equipment
-4.49 -12 -15 -19 -21 -17 -28 -44 -36 -21
Acquisitions
0.00 -103 -20 -21 -11 -5.47 -3.67 -551 -17 -172
Sale of Property, Plant & Equipment
0.00 4.82 18 5.26 6.34 0.00 0.00 11 262 617
Other Investing Activities, net
-0.74 - -392 -314 -371 -497 -1,966 0.00 -49 0.91
Net Cash From Financing Activities
123 554 286 353 204 286 1,673 155 -557 -825
Net Cash From Continuing Financing Activities
123 553 286 353 204 286 1,673 155 -557 -825
Repayment of Debt
-359 -564 -681 -510 -570 -549 -1,327 -976 -1,214 -1,483
Repurchase of Common Equity
-5.44 -1.40 -1.03 -0.73 -0.18 -0.97 -2.22 -91 -310 -276
Payment of Dividends
-50 -74 -107 -136 -163 -177 -247 -350 -351 -327
Issuance of Debt
258 813 761 823 822 930 2,349 1,572 1,319 1,270
Other Financing Activities, net
1.79 1.34 1.15 1.21 1.27 0.66 0.10 0.00 - -9.50
Cash Interest Paid
20 23 33 40 53 59 67 99 144 145

Quarterly Cash Flow Statements for National Storage Affiliates Trust

This table details how cash moves in and out of National Storage Affiliates Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
1.80 4.79 9.64 -4.52 13 27 1.39 -22 11 -28
Net Cash From Operating Activities
123 94 110 108 129 94 94 83 106 80
Net Cash From Continuing Operating Activities
123 94 110 108 129 94 94 83 106 80
Net Income / (Loss) Continuing Operations
40 50 40 45 43 108 95 32 30 26
Consolidated Net Income / (Loss)
40 50 40 45 43 108 95 32 30 26
Depreciation Expense
60 58 55 57 56 54 47 47 48 48
Amortization Expense
0.95 1.00 1.45 1.49 1.47 1.56 1.45 1.59 1.48 1.36
Non-Cash Adjustments To Reconcile Net Income
5.63 2.51 5.95 5.76 5.61 -58 -52 9.77 13 13
Changes in Operating Assets and Liabilities, net
17 -18 6.50 -1.00 23 -11 2.34 -7.13 14 -8.90
Net Cash From Investing Activities
-328 -11 -36 -17 -22 237 567 -23 -74 -45
Net Cash From Continuing Investing Activities
-328 -11 -36 -17 -22 237 567 -23 -74 -45
Purchase of Property, Plant & Equipment
-14 -9.07 -9.13 -9.48 -8.41 -8.53 -5.60 -3.85 -5.25 -5.88
Acquisitions
1.18 -551 -17 0.20 -0.24 0.24 -36 34 -31 -139
Other Investing Activities, net
-314 489 -9.92 -8.17 -14 -17 0.00 -25 0.91 25
Net Cash From Financing Activities
207 -78 -64 -95 -94 -304 -660 -83 -21 -62
Net Cash From Continuing Financing Activities
207 -78 -64 -95 -94 -304 -660 -83 -21 -62
Repayment of Debt
-193 -119 -234 -258 -143 -580 -613 -100 -619 -151
Repurchase of Common Equity
-50 -40 -69 - -213 -27 -204 -72 - -0.13
Payment of Dividends
-88 -89 -87 -91 -87 -87 -83 -80 -82 -82
Issuance of Debt
538 170 326 253 350 390 240 179 680 171
Cash Interest Paid
21 34 30 35 36 43 34 41 31 39

Annual Balance Sheets for National Storage Affiliates Trust

This table presents National Storage Affiliates Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
1,099 1,892 2,267 2,729 3,084 3,514 5,563 6,070 5,932 5,354
Total Current Assets
9.38 15 16 16 24 22 25 42 88 51
Cash & Equivalents
6.67 13 13 13 21 19 25 35 65 50
Restricted Cash
2.71 2.77 3.04 3.18 3.72 2.98 - 6.89 23 0.35
Plant, Property, & Equipment, net
1,079 1,734 2,105 2,391 2,754 3,196 5,219 5,619 4,918 4,812
Plant, Property & Equipment, gross
1,147 1,844 2,275 2,638 3,092 3,639 5,798 6,392 5,792 5,864
Accumulated Depreciation
68 111 170 246 338 444 579 773 874 1,052
Total Noncurrent Assets
11 143 145 321 306 296 318 409 926 491
Long-Term Investments
0.00 81 89 245 214 203 188 227 211 246
Noncurrent Note & Lease Receivables
- - - 0.00 23 23 - 24 22 21
Other Noncurrent Operating Assets
11 48 55 76 69 71 130 158 693 224
Total Liabilities & Shareholders' Equity
1,099 1,892 2,267 2,729 3,084 3,514 5,563 6,070 5,932 5,354
Total Liabilities
583 913 995 1,327 1,632 2,083 3,080 3,681 3,806 3,591
Total Current Liabilities
9.69 22 24 33 38 47 59 81 96 99
Short-Term Debt
- - - - - - - 0.48 3.45 0.47
Accounts Payable
9.69 22 24 33 38 47 59 80 93 99
Total Noncurrent Liabilities
573 891 971 1,294 1,594 2,036 3,021 3,600 3,710 3,492
Long-Term Debt
568 879 958 1,278 1,534 1,917 2,941 3,551 3,658 3,449
Capital Lease Obligations
- - - 0.00 25 25 - 26 24 23
Noncurrent Deferred Revenue
5.51 12 13 16 16 16 22 23 27 20
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
516 979 1,271 1,402 1,452 1,430 2,482 2,389 2,126 1,763
Total Preferred & Common Equity
237 577 841 917 920 969 1,775 1,648 1,422 1,076
Preferred Stock
- 0.00 173 173 218 218 218 225 341 341
Total Common Equity
237 577 669 744 701 751 1,557 1,423 1,082 735
Common Stock
237 577 712 845 906 1,051 1,868 1,779 1,510 1,250
Retained Earnings
0.01 -8.72 -56 -114 -197 -252 -291 -397 -450 -531
Accumulated Other Comprehensive Income / (Loss)
0.00 9.03 12 14 -7.83 -49 -20 41 21 16
Noncontrolling Interest
279 402 430 485 532 462 707 741 704 687

Quarterly Balance Sheets for National Storage Affiliates Trust

This table presents National Storage Affiliates Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
6,064 6,185 6,161 6,165 5,367 5,321 5,390
Total Current Assets
33 44 44 61 89 67 78
Cash & Equivalents
33 44 44 59 64 59 70
Restricted Cash
- - - 1.80 25 8.06 8.54
Plant, Property, & Equipment, net
5,623 5,732 5,701 5,686 4,878 4,856 4,815
Plant, Property & Equipment, gross
6,345 6,557 6,579 6,617 5,798 5,818 5,821
Accumulated Depreciation
722 825 878 931 920 962 1,007
Total Noncurrent Assets
407 409 416 419 400 398 496
Long-Term Investments
232 223 219 215 240 230 257
Noncurrent Note & Lease Receivables
- - - 23 22 22 22
Other Noncurrent Operating Assets
175 186 197 181 138 146 218
Total Liabilities & Shareholders' Equity
6,064 6,185 6,161 6,165 5,367 5,321 5,390
Total Liabilities
3,627 3,780 3,777 4,008 3,420 3,504 3,589
Total Current Liabilities
92 79 87 109 88 93 116
Short-Term Debt
0.00 - 0.00 0.00 0.00 0.00 7.77
Accounts Payable
92 79 87 109 88 93 108
Total Noncurrent Liabilities
3,534 3,702 3,690 3,899 3,332 3,411 3,473
Long-Term Debt
3,488 3,644 3,640 3,847 3,286 3,366 3,428
Capital Lease Obligations
- - - 25 24 24 23
Noncurrent Deferred Revenue
23 25 25 27 22 21 21
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
2,437 2,405 2,384 2,157 1,947 1,817 1,801
Total Preferred & Common Equity
1,699 1,635 1,625 1,457 1,277 1,191 987
Preferred Stock
225 341 341 341 341 341 341
Total Common Equity
1,473 1,295 1,285 1,116 936 851 646
Common Stock
1,805 1,690 1,694 1,540 1,348 1,294 1,125
Retained Earnings
-375 -420 -446 -469 -440 -470 -499
Accumulated Other Comprehensive Income / (Loss)
43 25 37 44 28 26 20
Noncontrolling Interest
738 770 759 700 670 626 814

Annual Metrics and Ratios for National Storage Affiliates Trust

This table displays calculated financial ratios and metrics derived from National Storage Affiliates Trust's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
73.99% 48.63% 34.71% 23.41% 17.23% 11.43% 35.50% 36.86% 7.05% -10.22%
EBITDA Growth
93.70% 55.11% 50.37% 20.25% 22.90% 11.58% 43.31% 32.98% 25.04% -11.58%
EBIT Growth
246.62% 91.04% 63.97% 21.21% 27.16% 11.40% 50.12% 22.42% 50.91% -10.11%
NOPAT Growth
154.27% 86.86% 34.77% 30.86% 24.06% 15.91% 49.74% 18.37% 30.95% -12.94%
Net Income Growth
129.32% 418.47% 84.98% 22.45% 17.20% 20.40% 84.88% 25.07% 28.96% -22.67%
EPS Growth
0.00% 82.35% -96.77% 600.00% -314.29% 453.33% 84.91% 1.02% 49.49% -20.27%
Operating Cash Flow Growth
206.48% 88.04% 31.32% 30.18% 21.54% 12.21% 50.17% 33.95% -0.51% -17.78%
Free Cash Flow Firm Growth
0.00% -160.31% 51.51% 34.32% -16.86% -0.94% -697.93% 87.48% 324.31% 66.79%
Invested Capital Growth
33.07% 62.62% 21.48% 13.96% 14.62% 13.54% 65.51% 9.34% -3.23% -10.41%
Revenue Q/Q Growth
9.46% 11.71% 5.59% 5.06% 0.00% 3.23% 11.30% 4.58% 0.79% -3.18%
EBITDA Q/Q Growth
10.04% 11.09% 7.19% 5.30% 0.00% 3.79% 12.41% 0.37% 11.24% -13.17%
EBIT Q/Q Growth
24.47% 9.46% 9.26% 7.13% 0.00% 5.04% 10.46% -1.90% 19.98% -17.89%
NOPAT Q/Q Growth
59.86% 9.73% 6.86% 7.48% 0.00% 6.35% 9.99% -2.99% 2.70% -5.86%
Net Income Q/Q Growth
263.13% 2.94% 14.83% 4.58% 0.00% 7.71% 14.30% 4.24% 32.17% -30.89%
EPS Q/Q Growth
466.67% 6.90% -96.00% -36.36% 0.00% 12.77% 6.52% 2.06% 37.04% -30.18%
Operating Cash Flow Q/Q Growth
17.63% 16.72% 2.54% 5.69% 0.00% 3.01% 13.61% 0.27% 0.02% -3.68%
Free Cash Flow Firm Q/Q Growth
0.00% -38.14% 13.24% 47.55% 33.39% -103.92% -86.42% 81.10% 123.21% -23.97%
Invested Capital Q/Q Growth
6.15% 15.72% 10.21% 1.08% 1.29% 5.42% 24.86% 0.66% -4.18% 0.29%
Profitability Metrics
- - - - - - - - - -
Gross Margin
100.00% 67.45% 68.50% 68.61% 71.55% 71.43% 73.49% 70.23% 73.31% 72.50%
EBITDA Margin
51.00% 53.22% 59.41% 57.88% 60.69% 60.77% 64.27% 62.45% 72.94% 71.84%
Operating Margin
23.59% 28.97% 29.28% 30.72% 32.70% 34.04% 37.26% 32.68% 39.24% 38.57%
EBIT Margin
19.92% 25.60% 31.17% 30.61% 33.20% 33.20% 36.78% 32.90% 46.38% 46.43%
Profit (Net Income) Margin
3.58% 12.49% 17.16% 17.02% 17.02% 18.39% 25.09% 22.93% 27.62% 23.79%
Tax Burden Percent
96.25% 98.54% 97.54% 98.57% 97.99% 97.94% 98.86% 97.51% 99.33% 97.99%
Interest Burden Percent
18.68% 49.51% 56.43% 56.42% 52.30% 56.56% 69.00% 71.47% 59.95% 52.29%
Effective Tax Rate
3.75% 1.46% 2.46% 1.43% 2.01% 2.06% 1.14% 2.49% 0.67% 2.01%
Return on Invested Capital (ROIC)
3.23% 4.03% 3.96% 4.41% 4.79% 4.87% 5.16% 4.68% 5.97% 5.57%
ROIC Less NNEP Spread (ROIC-NNEP)
-1.22% -0.79% 0.18% -0.29% -0.20% 0.61% 2.07% 2.31% 3.06% 2.28%
Return on Net Nonoperating Assets (RNNOA)
-1.92% -0.70% 0.13% -0.20% -0.16% 0.65% 2.35% 2.86% 4.53% 3.85%
Return on Equity (ROE)
1.31% 3.33% 4.09% 4.21% 4.63% 5.51% 7.51% 7.54% 10.50% 9.42%
Cash Return on Invested Capital (CROIC)
-25.15% -43.66% -15.44% -8.64% -8.83% -7.82% -44.18% -4.24% 9.25% 16.55%
Operating Return on Assets (OROA)
2.76% 3.41% 4.02% 4.05% 4.43% 4.35% 4.75% 4.53% 6.63% 6.34%
Return on Assets (ROA)
0.50% 1.66% 2.21% 2.25% 2.27% 2.41% 3.24% 3.16% 3.95% 3.25%
Return on Common Equity (ROCE)
0.43% 1.81% 2.26% 2.23% 2.34% 2.78% 4.43% 4.61% 5.82% 4.40%
Return on Equity Simple (ROE_SIMPLE)
2.03% 4.31% 5.47% 6.14% 7.18% 8.20% 8.28% 11.15% 16.66% 17.03%
Net Operating Profit after Tax (NOPAT)
30 57 77 100 124 144 216 255 334 291
NOPAT Margin
22.70% 28.54% 28.56% 30.28% 32.05% 33.34% 36.84% 31.86% 38.98% 37.80%
Net Nonoperating Expense Percent (NNEP)
4.45% 4.82% 3.78% 4.70% 4.99% 4.25% 3.10% 2.37% 2.91% 3.29%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - 4.28% 5.75% 5.56%
Cost of Revenue to Revenue
0.00% 32.55% 31.50% 31.39% 28.45% 28.57% 26.51% 26.33% 26.69% 27.50%
SG&A Expenses to Revenue
12.15% 10.82% 11.21% 10.95% 11.75% 10.28% 9.20% 8.46% 8.20% 9.28%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
76.41% 38.48% 39.23% 37.89% 38.85% 37.39% 36.23% 37.55% 34.07% 33.92%
Earnings before Interest and Taxes (EBIT)
27 51 84 101 129 143 215 264 398 358
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
68 106 159 192 235 263 376 501 626 553
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.14 1.03 1.36 1.57 2.31 2.82 3.46 2.06 3.02 3.93
Price to Tangible Book Value (P/TBV)
1.14 1.03 1.36 1.57 2.31 2.82 3.46 2.06 3.02 3.93
Price to Revenue (P/Rev)
2.02 2.98 3.39 3.53 4.18 4.89 9.20 3.65 3.80 3.75
Price to Earnings (P/E)
21.76 33.02 1,373.72 310.99 0.00 59.54 58.49 32.42 23.72 31.74
Dividend Yield
4.59% 5.56% 5.09% 5.61% 4.64% 4.42% 2.63% 6.67% 5.67% 5.94%
Earnings Yield
4.59% 3.03% 0.07% 0.32% 0.00% 1.68% 1.71% 3.08% 4.22% 3.15%
Enterprise Value to Invested Capital (EV/IC)
1.03 1.02 1.11 1.18 1.33 1.43 1.74 1.26 1.40 1.44
Enterprise Value to Revenue (EV/Rev)
8.28 8.93 8.82 8.59 9.52 10.44 15.44 8.99 8.97 9.21
Enterprise Value to EBITDA (EV/EBITDA)
16.23 16.78 14.84 14.85 15.69 17.18 24.02 14.39 12.30 12.82
Enterprise Value to EBIT (EV/EBIT)
41.56 34.87 28.28 28.07 28.68 31.44 41.98 27.31 19.34 19.83
Enterprise Value to NOPAT (EV/NOPAT)
36.46 31.28 30.87 28.38 29.71 31.31 41.91 28.20 23.01 24.36
Enterprise Value to Operating Cash Flow (EV/OCF)
22.02 18.78 19.02 17.58 18.78 20.45 27.29 16.23 17.43 19.54
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 14.84 8.20
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.10 0.90 0.75 0.91 1.07 1.36 1.18 1.50 1.73 1.97
Long-Term Debt to Equity
1.10 0.90 0.75 0.91 1.07 1.36 1.18 1.50 1.73 1.97
Financial Leverage
1.58 0.89 0.72 0.70 0.82 1.05 1.14 1.24 1.48 1.69
Leverage Ratio
2.65 2.00 1.85 1.87 2.04 2.29 2.32 2.39 2.66 2.90
Compound Leverage Factor
0.49 0.99 1.04 1.05 1.07 1.29 1.60 1.71 1.59 1.52
Debt to Total Capital
52.39% 47.31% 42.97% 47.68% 51.77% 57.58% 54.23% 59.96% 63.42% 66.32%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.06% 0.01%
Long-Term Debt to Total Capital
52.39% 47.31% 42.97% 47.68% 51.77% 57.58% 54.23% 59.95% 63.36% 66.31%
Preferred Equity to Total Capital
0.00% 0.00% 7.74% 6.44% 7.25% 6.47% 4.03% 3.78% 5.86% 6.51%
Noncontrolling Interests to Total Capital
25.78% 21.63% 19.31% 18.11% 17.69% 13.69% 13.04% 12.42% 12.11% 13.13%
Common Equity to Total Capital
21.83% 31.06% 29.98% 27.77% 23.30% 22.26% 28.71% 23.85% 18.61% 14.04%
Debt to EBITDA
8.31 8.30 6.02 6.67 6.62 7.39 7.81 7.15 5.89 6.27
Net Debt to EBITDA
8.18 7.38 5.35 5.31 5.61 6.54 7.25 6.61 5.41 5.74
Long-Term Debt to EBITDA
8.31 8.30 6.02 6.67 6.62 7.39 7.81 7.15 5.88 6.27
Debt to NOPAT
18.67 15.47 12.51 12.76 12.54 13.48 13.63 14.01 11.02 11.93
Net Debt to NOPAT
18.37 13.77 11.13 10.15 10.62 11.92 12.64 12.95 10.13 10.91
Long-Term Debt to NOPAT
18.67 15.47 12.51 12.76 12.54 13.48 13.63 14.01 11.01 11.92
Altman Z-Score
0.48 0.57 0.75 0.71 0.77 0.76 1.20 0.65 0.77 0.70
Noncontrolling Interest Sharing Ratio
67.59% 45.57% 44.65% 47.16% 49.35% 49.63% 41.03% 38.84% 44.53% 53.29%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.97 0.71 0.67 0.49 0.64 0.46 0.42 0.52 0.91 0.51
Quick Ratio
0.69 0.58 0.55 0.40 0.54 0.40 0.42 0.44 0.68 0.51
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-237 -616 -299 -196 -229 -231 -1,846 -231 519 865
Operating Cash Flow to CapEx
1,121.02% 1,328.92% 0.00% 1,142.79% 1,300.52% 1,316.63% 1,183.26% 1,354.72% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
-10.91 -25.55 -8.77 -4.59 -4.06 -3.70 -25.62 -2.09 3.11 5.60
Operating Cash Flow to Interest Expense
2.32 3.93 3.65 3.79 3.48 3.53 4.60 4.01 2.65 2.35
Operating Cash Flow Less CapEx to Interest Expense
2.11 3.63 3.72 3.46 3.22 3.26 4.21 3.72 4.00 6.21
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.14 0.13 0.13 0.13 0.13 0.13 0.13 0.14 0.14 0.14
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.14 0.14 0.14 0.15 0.15 0.15 0.14 0.15 0.16 0.16
Accounts Payable Turnover
0.00 4.14 3.67 3.61 3.10 2.91 2.92 3.02 2.65 2.21
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 88.18 99.56 101.18 117.58 125.63 124.95 120.76 137.99 164.90
Cash Conversion Cycle (CCC)
0.00 -88.18 -99.56 -101.18 -117.58 -125.63 -124.95 -120.76 -137.99 -164.90
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
1,074 1,747 2,123 2,419 2,772 3,148 5,210 5,697 5,513 4,939
Invested Capital Turnover
0.14 0.14 0.14 0.15 0.15 0.15 0.14 0.15 0.15 0.15
Increase / (Decrease) in Invested Capital
267 673 375 296 354 375 2,062 487 -184 -574
Enterprise Value (EV)
1,109 1,777 2,364 2,844 3,693 4,512 9,043 7,202 7,696 7,094
Market Capitalization
271 593 908 1,169 1,622 2,114 5,389 2,928 3,265 2,890
Book Value per Share
$10.28 $15.40 $15.03 $13.16 $12.05 $10.85 $17.48 $15.66 $13.02 $9.64
Tangible Book Value per Share
$10.28 $15.40 $15.03 $13.16 $12.05 $10.85 $17.48 $15.66 $13.02 $9.64
Total Capital
1,084 1,858 2,230 2,680 3,011 3,372 5,423 5,966 5,812 5,236
Total Debt
568 879 958 1,278 1,559 1,942 2,941 3,577 3,686 3,472
Total Long-Term Debt
568 879 958 1,278 1,559 1,942 2,941 3,577 3,682 3,472
Net Debt
558 782 853 1,017 1,320 1,717 2,728 3,308 3,387 3,176
Capital Expenditures (CapEx)
4.49 7.12 -2.29 14 15 17 28 33 -227 -596
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-9.69 -22 -24 -33 -38 -47 -59 -80 -93 -99
Debt-free Net Working Capital (DFNWC)
-0.32 -6.28 -8.05 -17 -14 -25 -34 -38 -5.07 -48
Net Working Capital (NWC)
-0.32 -6.28 -8.05 -17 -14 -25 -34 -39 -8.52 -48
Net Nonoperating Expense (NNE)
26 32 31 44 58 65 69 72 97 108
Net Nonoperating Obligations (NNO)
558 768 851 1,017 1,320 1,717 2,728 3,308 3,387 3,176
Total Depreciation and Amortization (D&A)
42 55 76 90 107 119 161 237 228 196
Debt-free, Cash-free Net Working Capital to Revenue
-7.24% -10.86% -9.12% -10.01% -9.79% -10.88% -10.12% -10.03% -10.81% -12.81%
Debt-free Net Working Capital to Revenue
-0.24% -3.15% -3.00% -5.07% -3.53% -5.86% -5.85% -4.76% -0.59% -6.22%
Net Working Capital to Revenue
-0.24% -3.15% -3.00% -5.07% -3.53% -5.86% -5.85% -4.82% -0.99% -6.28%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.80 $0.60 $0.01 $0.07 ($0.15) $0.53 $1.13 $0.99 $1.58 $1.18
Adjusted Weighted Average Basic Shares Outstanding
15.46M 29.89M 44.42M 53.29M 59.68M 66.55M 81.20M 91.24M 86.85M 76.84M
Adjusted Diluted Earnings per Share
$0.17 $0.31 $0.01 $0.07 ($0.15) $0.53 $0.98 $0.99 $1.48 $1.18
Adjusted Weighted Average Diluted Shares Outstanding
45.41M 78.75M 44.42M 53.29M 59.68M 66.61M 134.54M 91.24M 146.02M 76.84M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 ($0.15) $0.53 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
23.02M 43.26M 50.33M 56.70M 58.21M 71.36M 91.39M 89.91M 79.98M 76.40M
Normalized Net Operating Profit after Tax (NOPAT)
30 57 77 100 124 144 216 255 334 291
Normalized NOPAT Margin
22.70% 28.54% 28.56% 30.28% 32.05% 33.34% 36.84% 31.86% 38.98% 37.80%
Pre Tax Income Margin
3.72% 12.68% 17.59% 17.27% 17.37% 18.77% 25.38% 23.51% 27.80% 24.28%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
1.23 2.11 2.45 2.37 2.28 2.29 2.99 2.38 2.38 2.31
NOPAT to Interest Expense
1.40 2.36 2.25 2.35 2.20 2.30 2.99 2.31 2.00 1.88
EBIT Less CapEx to Interest Expense
1.02 1.82 2.52 2.04 2.01 2.02 2.60 2.09 3.74 6.17
NOPAT Less CapEx to Interest Expense
1.19 2.06 2.31 2.01 1.93 2.03 2.61 2.01 3.36 5.74
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
1,051.31% 296.39% 233.24% 241.19% 246.84% 222.75% 168.13% 190.53% 148.28% 178.36%
Augmented Payout Ratio
1,164.70% 302.01% 235.49% 242.48% 247.11% 223.97% 169.64% 239.98% 279.15% 328.90%

Quarterly Metrics and Ratios for National Storage Affiliates Trust

This table displays calculated financial ratios and metrics derived from National Storage Affiliates Trust's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
37.08% 20.24% 11.12% 8.36% 5.98% 3.21% -5.69% -11.63% -11.65% -11.74%
EBITDA Growth
33.15% 1.62% 7.79% 9.06% 9.93% 79.13% 36.14% -13.67% -12.67% -40.82%
EBIT Growth
19.70% -8.33% 17.71% 17.31% 23.39% 166.84% 72.64% -11.36% -11.60% -51.89%
NOPAT Growth
13.95% -12.76% 21.30% 16.82% 27.16% 62.05% -4.49% -14.45% -11.18% -20.78%
Net Income Growth
-1.36% 17.44% -9.81% -6.09% 7.19% 114.49% 135.41% -29.02% -30.87% -75.82%
EPS Growth
-19.23% 7.14% 0.00% 16.67% 23.81% 133.33% 170.83% -42.86% -30.77% -72.86%
Operating Cash Flow Growth
30.20% 1.30% -0.28% -7.30% 5.29% 0.10% -14.35% -23.26% -18.31% -14.74%
Free Cash Flow Firm Growth
-25.88% 78.39% 80.07% 83.72% 99.32% 162.98% 345.99% 428.65% 9,463.12% 136.41%
Invested Capital Growth
35.63% 9.34% 8.54% 6.73% 1.65% -3.23% -14.77% -14.78% -14.40% -10.41%
Revenue Q/Q Growth
3.96% 0.94% -0.35% 3.61% 1.69% -1.70% -8.94% -2.91% 1.67% -1.81%
EBITDA Q/Q Growth
-0.66% -11.37% -4.87% 4.96% 0.13% 44.42% -10.30% -33.44% 1.29% -2.12%
EBIT Q/Q Growth
-3.70% -18.44% -6.29% 6.91% 1.28% 76.39% -9.61% -45.11% 1.00% -4.00%
NOPAT Q/Q Growth
-7.08% -17.41% -4.51% 6.42% 1.14% 5.26% -16.03% -4.68% 5.01% -6.12%
Net Income Q/Q Growth
-17.03% 25.39% -19.82% 12.59% -5.30% 150.92% -12.00% -66.05% -7.77% -12.23%
EPS Q/Q Growth
-12.50% 42.86% -20.00% 16.67% -7.14% 169.23% -7.14% -75.38% 12.50% 5.56%
Operating Cash Flow Q/Q Growth
5.06% -23.59% 16.88% -1.20% 19.33% -27.36% 0.01% -11.47% 27.03% -24.19%
Free Cash Flow Firm Q/Q Growth
17.58% 69.58% 6.89% 25.60% 96.56% 2,923.75% 240.43% -0.60% -2.13% -28.70%
Invested Capital Q/Q Growth
4.86% 0.66% 1.48% -0.35% -0.14% -4.18% -10.61% -0.37% 0.31% 0.29%
Profitability Metrics
- - - - - - - - - -
Gross Margin
73.34% 61.21% 72.84% 73.51% 73.27% 73.62% 72.12% 72.59% 72.78% 72.52%
EBITDA Margin
62.66% 55.02% 65.16% 66.00% 64.99% 95.49% 94.06% 64.48% 64.24% 64.03%
Operating Margin
33.47% 26.58% 38.49% 39.02% 39.01% 40.42% 38.21% 37.79% 39.51% 38.78%
EBIT Margin
33.36% 26.96% 37.80% 39.00% 38.84% 69.70% 69.19% 39.12% 38.86% 37.99%
Profit (Net Income) Margin
19.43% 24.14% 19.42% 21.10% 19.65% 50.16% 48.48% 16.95% 15.38% 13.74%
Tax Burden Percent
95.09% 97.98% 97.12% 98.41% 97.90% 101.18% 99.08% 98.35% 97.18% 94.65%
Interest Burden Percent
61.24% 91.37% 52.90% 54.99% 51.67% 71.12% 70.71% 44.06% 40.71% 38.22%
Effective Tax Rate
4.91% 2.02% 2.88% 1.59% 2.10% -1.18% 0.92% 1.65% 2.82% 5.35%
Return on Invested Capital (ROIC)
4.96% 3.83% 5.54% 5.77% 5.70% 6.26% 5.98% 5.72% 5.72% 5.41%
ROIC Less NNEP Spread (ROIC-NNEP)
3.97% 3.70% 4.33% 4.59% 4.51% 6.86% 6.64% 4.53% 4.40% 4.08%
Return on Net Nonoperating Assets (RNNOA)
4.38% 4.58% 5.45% 5.89% 6.69% 10.17% 9.70% 6.97% 7.46% 6.89%
Return on Equity (ROE)
9.34% 8.41% 10.99% 11.66% 12.39% 16.43% 15.68% 12.70% 13.18% 12.30%
Cash Return on Invested Capital (CROIC)
-24.89% -4.24% -2.86% -1.00% 4.07% 9.25% 22.11% 21.93% 21.31% 16.55%
Operating Return on Assets (OROA)
4.83% 3.72% 5.27% 5.49% 5.41% 9.97% 10.14% 5.59% 5.35% 5.19%
Return on Assets (ROA)
2.81% 3.33% 2.71% 2.97% 2.74% 7.17% 7.10% 2.42% 2.12% 1.88%
Return on Common Equity (ROCE)
5.72% 5.14% 6.31% 6.70% 6.98% 9.11% 8.04% 6.45% 5.87% 5.74%
Return on Equity Simple (ROE_SIMPLE)
10.38% 0.00% 10.97% 10.85% 12.31% 0.00% 22.84% 23.38% 26.87% 0.00%
Net Operating Profit after Tax (NOPAT)
66 54 78 83 84 88 74 71 74 70
NOPAT Margin
31.83% 26.04% 37.38% 38.40% 38.19% 40.90% 37.86% 37.17% 38.39% 36.71%
Net Nonoperating Expense Percent (NNEP)
0.99% 0.13% 1.21% 1.19% 1.19% -0.60% -0.66% 1.19% 1.33% 1.33%
Return On Investment Capital (ROIC_SIMPLE)
- 0.91% - - - 1.52% - - - 1.33%
Cost of Revenue to Revenue
26.66% 25.56% 27.16% 26.49% 26.73% 26.38% 27.88% 27.41% 27.22% 27.48%
SG&A Expenses to Revenue
10.47% 7.92% 7.69% 8.18% 8.78% 8.14% 9.77% 10.27% 8.65% 8.41%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
39.86% 34.63% 34.35% 34.49% 34.26% 33.20% 33.90% 34.80% 33.27% 33.74%
Earnings before Interest and Taxes (EBIT)
69 56 79 84 85 150 136 74 75 72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
130 115 136 142 142 206 185 123 124 122
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.34 2.06 2.69 2.26 2.40 3.02 3.30 3.63 5.67 3.93
Price to Tangible Book Value (P/TBV)
2.34 2.06 2.69 2.26 2.40 3.02 3.30 3.63 5.67 3.93
Price to Revenue (P/Rev)
4.49 3.65 4.24 3.45 3.15 3.80 3.65 3.76 4.60 3.75
Price to Earnings (P/E)
40.68 32.42 37.32 30.17 26.46 23.72 18.55 20.04 25.49 31.74
Dividend Yield
5.46% 6.67% 5.68% 6.73% 7.39% 5.67% 5.80% 5.43% 4.65% 5.94%
Earnings Yield
2.46% 3.08% 2.68% 3.31% 3.78% 4.22% 5.39% 4.99% 3.92% 3.15%
Enterprise Value to Invested Capital (EV/IC)
1.35 1.26 1.38 1.28 1.27 1.40 1.44 1.46 1.61 1.44
Enterprise Value to Revenue (EV/Rev)
9.95 8.99 9.69 8.79 8.60 8.97 8.37 8.71 9.98 9.21
Enterprise Value to EBITDA (EV/EBITDA)
15.30 14.39 14.82 13.41 13.01 12.30 10.49 10.91 12.46 12.82
Enterprise Value to EBIT (EV/EBIT)
28.38 27.31 26.29 23.37 22.06 19.34 15.56 16.05 18.23 19.83
Enterprise Value to NOPAT (EV/NOPAT)
28.98 28.20 26.93 23.97 22.47 23.01 21.45 22.46 25.67 24.36
Enterprise Value to Operating Cash Flow (EV/OCF)
17.24 16.23 17.97 16.95 16.58 17.43 16.63 17.84 21.07 19.54
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 31.50 14.84 5.98 6.11 6.98 8.20
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
1.43 1.50 1.52 1.53 1.80 1.73 1.70 1.87 1.92 1.97
Long-Term Debt to Equity
1.43 1.50 1.52 1.53 1.80 1.73 1.70 1.87 1.92 1.97
Financial Leverage
1.10 1.24 1.26 1.28 1.48 1.48 1.46 1.54 1.70 1.69
Leverage Ratio
2.26 2.39 2.40 2.44 2.66 2.66 2.65 2.73 2.92 2.90
Compound Leverage Factor
1.39 2.18 1.27 1.34 1.38 1.89 1.88 1.20 1.19 1.11
Debt to Total Capital
58.87% 59.96% 60.24% 60.42% 64.23% 63.42% 62.96% 65.10% 65.77% 66.32%
Short-Term Debt to Total Capital
0.00% 0.01% 0.00% 0.00% 0.00% 0.06% 0.00% 0.00% 0.15% 0.01%
Long-Term Debt to Total Capital
58.87% 59.95% 60.24% 60.42% 64.23% 63.36% 62.96% 65.10% 65.62% 66.31%
Preferred Equity to Total Capital
3.81% 3.78% 5.63% 5.65% 5.65% 5.86% 6.48% 6.54% 6.48% 6.51%
Noncontrolling Interests to Total Capital
12.46% 12.42% 12.72% 12.60% 11.61% 12.11% 12.75% 12.02% 15.47% 13.13%
Common Equity to Total Capital
24.87% 23.85% 21.41% 21.33% 18.51% 18.61% 17.81% 16.34% 12.28% 14.04%
Debt to EBITDA
6.99 7.15 6.77 6.62 6.88 5.89 4.90 5.17 5.43 6.27
Net Debt to EBITDA
6.46 6.61 6.28 6.14 6.39 5.41 4.42 4.72 4.90 5.74
Long-Term Debt to EBITDA
6.99 7.15 6.77 6.62 6.88 5.88 4.90 5.17 5.42 6.27
Debt to NOPAT
13.25 14.01 12.31 11.83 11.89 11.02 10.02 10.65 11.19 11.93
Net Debt to NOPAT
12.24 12.95 11.41 10.97 11.04 10.13 9.03 9.72 10.10 10.91
Long-Term Debt to NOPAT
13.25 14.01 12.31 11.83 11.89 11.01 10.02 10.65 11.16 11.92
Altman Z-Score
0.64 0.54 0.63 0.53 0.47 0.64 0.67 0.60 0.67 0.52
Noncontrolling Interest Sharing Ratio
38.74% 38.84% 42.56% 42.53% 43.64% 44.53% 48.73% 49.18% 55.48% 53.29%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
0.36 0.52 0.56 0.51 0.55 0.91 1.01 0.72 0.67 0.51
Quick Ratio
0.36 0.44 0.56 0.51 0.54 0.68 0.73 0.63 0.60 0.51
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-1,421 -432 -377 -281 -9.64 272 928 922 903 644
Operating Cash Flow to CapEx
892.20% 2,197.61% 1,202.38% 1,143.44% 1,539.16% 0.00% 0.00% 0.00% 2,014.62% 1,363.87%
Free Cash Flow to Firm to Interest Expense
-49.22 -12.48 -9.75 -7.07 -0.22 5.99 24.34 24.78 22.62 16.36
Operating Cash Flow to Interest Expense
4.26 2.71 2.84 2.73 3.00 2.07 2.47 2.24 2.65 2.04
Operating Cash Flow Less CapEx to Interest Expense
3.78 2.59 2.60 2.49 2.81 7.65 18.29 2.35 2.52 1.89
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.14 0.14 0.14 0.14 0.14 0.14 0.15 0.14 0.14 0.14
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.16 0.15 0.15 0.15 0.15 0.16 0.16 0.16 0.15 0.16
Accounts Payable Turnover
2.61 3.02 3.13 2.86 2.23 2.65 2.73 2.47 1.99 2.21
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
139.91 120.76 116.52 127.53 163.34 137.99 133.73 147.81 183.64 164.90
Cash Conversion Cycle (CCC)
-139.91 -120.76 -116.52 -127.53 -163.34 -137.99 -133.73 -147.81 -183.64 -164.90
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
5,660 5,697 5,781 5,761 5,753 5,513 4,928 4,909 4,925 4,939
Invested Capital Turnover
0.16 0.15 0.15 0.15 0.15 0.15 0.16 0.15 0.15 0.15
Increase / (Decrease) in Invested Capital
1,487 487 455 363 93 -184 -854 -852 -828 -574
Enterprise Value (EV)
7,629 7,202 7,971 7,374 7,318 7,696 7,081 7,149 7,940 7,094
Market Capitalization
3,443 2,928 3,484 2,898 2,681 3,265 3,089 3,090 3,662 2,890
Book Value per Share
$16.05 $15.66 $14.40 $14.55 $12.50 $13.02 $11.71 $11.35 $8.50 $9.64
Tangible Book Value per Share
$16.05 $15.66 $14.40 $14.55 $12.50 $13.02 $11.71 $11.35 $8.50 $9.64
Total Capital
5,925 5,966 6,049 6,024 6,029 5,812 5,257 5,207 5,260 5,236
Total Debt
3,488 3,577 3,644 3,640 3,872 3,686 3,310 3,390 3,460 3,472
Total Long-Term Debt
3,488 3,577 3,644 3,640 3,872 3,682 3,310 3,390 3,452 3,472
Net Debt
3,223 3,308 3,376 3,376 3,596 3,387 2,980 3,092 3,124 3,176
Capital Expenditures (CapEx)
14 4.27 9.13 9.48 8.41 -254 -603 -4.19 5.25 5.88
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-92 -80 -79 -87 -109 -93 -88 -93 -108 -99
Debt-free Net Working Capital (DFNWC)
-59 -38 -34 -43 -49 -5.07 1.21 -26 -30 -48
Net Working Capital (NWC)
-59 -39 -34 -43 -49 -8.52 1.21 -26 -38 -48
Net Nonoperating Expense (NNE)
26 3.98 37 37 41 -20 -21 39 45 44
Net Nonoperating Obligations (NNO)
3,223 3,308 3,376 3,376 3,596 3,387 2,980 3,092 3,124 3,176
Total Depreciation and Amortization (D&A)
61 59 57 58 57 56 49 48 49 50
Debt-free, Cash-free Net Working Capital to Revenue
-12.06% -10.03% -9.56% -10.37% -12.85% -10.81% -10.38% -11.33% -13.63% -12.81%
Debt-free Net Working Capital to Revenue
-7.71% -4.76% -4.17% -5.12% -5.72% -0.59% 0.14% -3.17% -3.77% -6.22%
Net Working Capital to Revenue
-7.71% -4.82% -4.17% -5.12% -5.72% -0.99% 0.14% -3.17% -4.75% -6.28%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$0.21 $0.30 $0.28 $0.28 $0.28 $0.74 $0.67 $0.16 $0.18 $0.17
Adjusted Weighted Average Basic Shares Outstanding
91.47M 91.24M 89.50M 88.31M 87.00M 86.85M 80.24M 75.16M 75.76M 76.84M
Adjusted Diluted Earnings per Share
$0.21 $0.30 $0.24 $0.28 $0.26 $0.70 $0.65 $0.16 $0.18 $0.19
Adjusted Weighted Average Diluted Shares Outstanding
91.47M 91.24M 148.62M 88.31M 146.12M 146.02M 138.15M 75.16M 75.76M 76.84M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
90.87M 89.91M 88.30M 89.24M 83.08M 79.98M 74.96M 75.97M 76.24M 76.40M
Normalized Net Operating Profit after Tax (NOPAT)
67 54 78 83 84 61 74 71 74 70
Normalized NOPAT Margin
32.36% 26.04% 37.38% 38.40% 38.19% 28.29% 37.86% 37.17% 38.39% 36.71%
Pre Tax Income Margin
20.43% 24.63% 19.99% 21.44% 20.07% 49.58% 48.93% 17.23% 15.82% 14.52%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
2.39 1.62 2.03 2.12 1.98 3.30 3.56 2.00 1.89 1.84
NOPAT to Interest Expense
2.28 1.57 2.01 2.08 1.94 1.94 1.95 1.90 1.86 1.77
EBIT Less CapEx to Interest Expense
1.91 1.50 1.80 1.88 1.78 8.89 19.38 2.11 1.75 1.69
NOPAT Less CapEx to Interest Expense
1.80 1.45 1.77 1.85 1.75 7.52 17.77 2.01 1.73 1.62
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
190.53% 190.53% 197.80% 201.21% 197.20% 148.28% 119.01% 120.81% 125.00% 178.36%
Augmented Payout Ratio
219.41% 239.98% 286.71% 291.58% 377.21% 279.15% 271.37% 306.32% 239.32% 328.90%

Frequently Asked Questions About National Storage Affiliates Trust's Financials

When does National Storage Affiliates Trust's fiscal year end?

According to the most recent income statement we have on file, National Storage Affiliates Trust's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has National Storage Affiliates Trust's net income changed over the last 9 years?

National Storage Affiliates Trust's net income appears to be on an upward trend, with a most recent value of $183.27 million in 2024, rising from $4.80 million in 2015. The previous period was $236.99 million in 2023.

What is National Storage Affiliates Trust's operating income?
National Storage Affiliates Trust's total operating income in 2024 was $297.16 million, based on the following breakdown:
  • Total Gross Profit: $558.48 million
  • Total Operating Expenses: $261.33 million
How has National Storage Affiliates Trust revenue changed over the last 9 years?

Over the last 9 years, National Storage Affiliates Trust's total revenue changed from $133.92 million in 2015 to $770.34 million in 2024, a change of 475.2%.

How much debt does National Storage Affiliates Trust have?

National Storage Affiliates Trust's total liabilities were at $3.59 billion at the end of 2024, a 5.6% decrease from 2023, and a 516.0% increase since 2015.

How much cash does National Storage Affiliates Trust have?

In the past 9 years, National Storage Affiliates Trust's cash and equivalents has ranged from $6.67 million in 2015 to $64.98 million in 2023, and is currently $50.41 million as of their latest financial filing in 2024.

How has National Storage Affiliates Trust's book value per share changed over the last 9 years?

Over the last 9 years, National Storage Affiliates Trust's book value per share changed from 10.28 in 2015 to 9.64 in 2024, a change of -6.2%.



This page (NYSE:NSA) was last updated on 4/28/2025 by MarketBeat.com Staff
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