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NSA (National Storage Affiliates Trust) Stock Financials & Earnings | Market Cap Arena
NSA
National Storage Affiliates Trust
Mkt Cap
$3B
Real Estate
·
REIT - Industrial
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$753M
Net Income (TTM)
$74M
EPS (TTM)
$0.70
Free Cash Flow (TTM)
$300M
Gross Margin
46.0%
Op. Margin
37.0%
Net Margin
9.8%
FCF Margin
39.8%
P/S Ratio (TTM)
3.5x
P/E Ratio (TTM)
35.3x
YoY Rev Growth
-2.3%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$210M
$152M
$138M
Q2 23
$217M
$160M
$146M
Q3 23
$219M
$161M
$0
Q4 23
$215M
$159M
$87M
Q1 24
$196M
$141M
$75M
Q2 24
$190M
$138M
$72M
Q3 24
$194M
$141M
$76M
Q4 24
$190M
$138M
$74M
Q1 25
$188M
$133M
$68M
Q2 25
$189M
$133M
$68M
Q3 25
$189M
$133M
$71M
Q4 25
$187M
-$54M
$72M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
3.1x
24.3x
Q2 23
3.1x
23.3x
Q3 23
3.0x
21.9x
Q4 23
3.0x
16.6x
Q1 24
3.1x
14.0x
Q2 24
3.2x
15.0x
Q3 24
3.3x
15.9x
Q4 24
3.4x
23.4x
Q1 25
3.4x
39.8x
Q2 25
3.4x
38.4x
Q3 25
3.4x
38.6x
Q4 25
3.5x
35.3x
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$110M
$101M
Q2 23
$108M
$99M
Q3 23
$129M
$104M
Q4 23
$94M
$85M
Q1 24
$94M
$88M
Q2 24
$83M
$79M
Q3 24
$106M
$68M
Q4 24
$80M
$74M
Q1 25
$86M
$80M
Q2 25
$80M
$74M
Q3 25
$100M
$88M
Q4 25
$73M
$59M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$9M
Q2 23
$9M
Q3 23
$25M
Q4 23
$9M
Q1 24
$6M
Q2 24
$4M
Q3 24
$38M
Q4 24
$6M
Q1 25
$6M
Q2 25
$6M
Q3 25
$12M
Q4 25
$14M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+11.1%
+12.9%
Q2 23
+8.2%
+4.6%
Q3 23
+4.9%
+206.2%
Q4 23
+2.2%
+85.9%
Q1 24
-6.4%
+68.0%
Q2 24
-12.4%
+65.2%
Q3 24
-11.6%
-46.6%
Q4 24
-11.7%
-9.3%
Q1 25
-4.0%
-0.3%
Q2 25
-0.8%
+1.7%
Q3 25
-2.5%
+0.6%
Q4 25
-1.6%
-1.1%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$2M
0.8%
Q2 23
$2M
0.8%
Q3 23
$2M
0.8%
Q4 23
$2M
0.8%
Q1 24
$2M
0.9%
Q2 24
$2M
1.2%
Q3 24
$2M
1.0%
Q4 24
$2M
1.2%
Q1 25
$3M
1.6%
Q2 25
$3M
1.7%
Q3 25
$3M
1.6%
Q4 25
$3M
1.5%
marketcaparena.com
OpEx Breakdown
G&A
Quarter
G&A
Q1 23
$15M
Q2 23
$14M
Q3 23
$15M
Q4 23
$15M
Q1 24
$16M
Q2 24
$16M
Q3 24
$13M
Q4 24
$13M
Q1 25
$13M
Q2 25
$13M
Q3 25
$11M
Q4 25
$14M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$44M
$0
$44M
Q2 23
$44M
$0
$44M
Q3 23
$59M
$0
$59M
Q4 23
$65M
$0
$65M
Q1 24
$64M
$0
$64M
Q2 24
$59M
$0
$59M
Q3 24
$70M
$0
$70M
Q4 24
$50M
$0
$50M
Q1 25
$19M
$0
$19M
Q2 25
$26M
$0
$26M
Q3 25
$26M
$0
$26M
Q4 25
$23M
$0
$23M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
90M
-0.9%
Q2 23
88M
-1.6%
Q3 23
146M
+65.5%
Q4 23
141M
-3.3%
Q1 24
138M
-2.2%
Q2 24
75M
-45.6%
Q3 24
76M
+0.8%
Q4 24
77M
+1.4%
Q1 25
76M
-0.6%
Q2 25
76M
+0.1%
Q3 25
77M
+0.4%
Q4 25
77M
+0.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
—
—
FY 15
$7M
18
FY 16
$1M
195
FY 17
$1M
211
FY 18
$718K
461
FY 19
$834K
459
FY 20
$468K
924
FY 21
$498K
1K
FY 22
$694K
1K
FY 23
$774K
1K
FY 24
$525K
1K
FY 25
$516K
1K
marketcaparena.com