Latest revenue
$17.2M
as of 2026-03-31
Latest net income
$17.8M
as of 2026-03-31
Net margin
103.5%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $3.30B
- Enterprise value
- $3.30B
- P/E (trailing)
- 44.7×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 5.3%
- 52-wk high
- $44.02
- 52-wk low
- $27.43
- Beta
- —
- Shares out
- 77.2M
5-year trend
What this company does
Item 1. Business General National Storage Affiliates Trust is a fully integrated, self-administered and self-managed real estate investment trust organized in the state of Maryland on May 16, 2013. We have elected and we believe that we have qualified to be taxed as a REIT for U.S. federal income tax purposes commencing with our taxable year ended December 31, 2015. We serve as the sole general partner of our operating partnership subsidiary, NSA OP, LP (our "operating partnership"), a Delaware limited partnership formed on February 13, 2013 to conduct our business, which is focused on the ownership, operation, and acquisition of self storage properties predominantly located within the top…
AI summary unavailable — showing raw filing excerpt
Generated from NSA's filing dated 2026-02-26
Key risks
Item 1A. Risk Factors An investment in our common shares involves a high degree of risk. Before making an investment decision, you should carefully consider the following risk factors, together with the other information contained in this Annual Report on Form 10-K. If any of the risks discussed in this Annual Report on Form 10-K occurs, our business, financial condition, liquidity and results of operations could be materially and adversely affected. Risks Related to our Business Adverse economic or other conditions in the markets in which we do business and more broadly associated with the real estate industry could negatively affect our occupancy levels and rental rates and therefore our…
AI summary unavailable — showing raw filing excerpt
Generated from NSA's filing dated 2026-02-26
Profitability
Net margin
9.8%
32.3%Return on equity
7.8%
24.7%Return on assets
1.5%
30.3%Leverage
Debt / equity
4.37×
9.9%Long-term debt / equity
3.60×
12.3%Debt / assets
81.4%
1.8%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $17.2M | -9.0% | $17.8M | +36.8% | 103.5% |
Q4 2025 2025-12-31 | $696.3M | -4.4% | $22.9M | +36.8% | 3.3% |
Q3 2025 2025-09-30 | $18.8M | -1.9% | $18.4M | -1.5% | 98.0% |
Q2 2025 2025-06-30 | $19.0M | +18.2% | $19.5M | +14.1% | 102.5% |
Q1 2025 2025-03-31 | $18.9M | +182.1% | $13.0M | -78.0% | 68.8% |
Q4 2024 2024-12-31 | $728.4M | — | $16.7M | — | 2.3% |
Q3 2024 2024-09-30 | $19.2M | +10.6% | $18.7M | -36.0% | 97.6% |
Q2 2024 2024-06-30 | $16.1M | -0.7% | $17.1M | -42.1% | 106.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Real Estate Investment Trusts · SIC 6798
Your notes
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Insider activity
Insider buying
$0
Insider selling
$0
Net activity
+$0
Distinct insiders
0
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns NSA
Institutional value
$1.45B
Total shares held
39.0M
Distinct holders
211
-113 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 8.8M | $332.6M | +131.6K (+1.5%) | Added |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 6.0M | $226.6M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 3.1M | $117.5M | — | New |
| 4 | DEUTSCHE BANK AG\ | 2.8M | $107.0M | +2.1M (+265.0%) | Added |
| 5 | JENNISON ASSOCIATES LLC | 1.3M | $48.1M | +298.6K (+30.6%) | Added |
| 6 | Magnetar Financial LLC | 1.2M | $46.4M | — | New |
| 7 | Russell Investments Group, Ltd. | 1.2M | $45.3M | +806.0K (+203.7%) | Added |
| 8 | UBS Group AG | 1.2M | $44.6M | +302.4K (+34.4%) | Added |
| 9 | DIMENSIONAL FUND ADVISORS LP | 1.1M | $40.0M | +5.4K (+0.5%) | Added |
| 10 | CINCINNATI INSURANCE CO | 893.7K | $33.7M | +0 (+0.0%) | No change |
| 11 | Bank of New York Mellon Corp | 750.2K | $28.3M | +32.9K (+4.6%) | Added |
| 12 | Universal- Beteiligungs- und Servicegesellschaft mbH | 701.2K | $26.5M | +241.4K (+52.5%) | Added |
| 13 | JPMORGAN CHASE & CO | 683.7K | $25.3M | +396.7K (+138.2%) | Added |
| 14 | CITIGROUP INC | 610.2K | $23.0M | -989.9K (-61.9%) | Trimmed |
| 15 | Invesco Ltd. | 507.7K | $19.2M | -324.1K (-39.0%) | Trimmed |
| 16 | JANE STREET GROUP, LLC | 485.3K | $18.3M | +262.7K (+118.0%) | Added |
| 17 | ALPINE ASSOCIATES MANAGEMENT INC. | 475.9K | $18.0M | — | New |
| 18 | LPL Financial LLC | 471.1K | $17.8M | +1.1K (+0.2%) | Added |
| 19 | VANGUARD FIDUCIARY TRUST CO | 437.4K | $16.5M | — | New |
| 20 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 430.3K | $16.2M | +26.3K (+6.5%) | Added |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once NSA's latest filing finishes processing.