NSA Q2 2025 Earnings — National Storage Affiliates Trust Revenue & Financial Results | Market Cap Arena

NSANational Storage Affiliates Trust

$3B

Q2 2025 Earnings

Real Estate REIT - Industrial

Income Statement

Revenue

$189M-0.8% YoY

Gross Profit

$133M70.5% margin

Operating Income

$68M36.2% margin

Net Income

$19M10.3% margin

EPS (Diluted)

$0.19

QoQ Revenue Growth

+0.3%

Cash Flow

Operating Cash Flow

$80M

Free Cash Flow

$74M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$5.2B

Total Liabilities

$3.5B

Stockholders' Equity

$1.0B

Cash & Equivalents

$26M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$189M	$190M	-0.8%
Gross Profit	$133M	$138M	-3.6%
Operating Income	$68M	$72M	-5.1%
Net Income	$19M	$17M	+14.1%

Revenue Segments

Tenant Warranty Protection

$7M39%

Tenant Insurance And Protection Plan Fees And Commissions

$6M32%

Property Management, Call Center, And Platform Fees

$5M26%

Retail Products And Supplies

$400,0002%

Acquisition Fees

$100,0001%