# National Storage Affiliates Trust Common Shares of Beneficial Interest (NSA) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / REIT - Industrial. Price $43.41, market value $6.4 billion.

## Valuation
- **P/E (trailing): 57.9×**. National Storage Affiliates Trust Common Shares of Beneficial Interest trades at 57.9× trailing earnings. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 116.2×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 8.5×**. Each dollar of revenue is priced at 8.5×.
- **Price / book: 5.9×**. The shares trade at 5.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Earnings yield: 1.7%**. The inverse of the P/E: 1.7% of the price is earned each year.

## Profitability
- **Net margin: 9.8%**. 9.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 7.8%**. 7.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 1.5%**. Each dollar of assets produces 1.5% of profit.

## Growth
- **Revenue growth (1 yr): -2.3%** (3-yr -2.1%/yr, 5-yr 11.7%/yr). Revenue fell 2.3% over the last year, against 11.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -41.5%** (3-yr -11.3%/yr, 5-yr 5.4%/yr). Earnings per share fell 41.5%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 3.60**. Debt is 3.60 times equity, a leveraged balance sheet, which is normal for real estate.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 5.25%** ($2.28 per share, trailing). National Storage Affiliates Trust Common Shares of Beneficial Interest yields 5.25%, an income-level yield.
- **Payout ratio: 237%**. The dividend exceeds earnings (237% payout), which is rarely sustainable outside REITs and one-off years.

## Analyst view
- **Analyst consensus: hold** (8 analysts). 8 analysts cover National Storage Affiliates Trust Common Shares of Beneficial Interest; the consensus is hold. Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **From 52-week high: -6.6%** (58.3% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 0.67** (volatility 40%). Beta of 0.67 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NSA · Page: https://foliofundamentals.com/stocks/nsa

Not investment advice.