National Storage Affiliates Trust(NSA)Stock Analysis
AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →13F Pro Quality Score
Rank #1,752 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
NSA Stock Analysis & AI Quality Score
AI stock analysis and institutional research for National Storage Affiliates Trust (NSA), a Real Estate sector company. 13F Pro's AI-powered ranking engine scores NSA at 44.8/100 on a 32-signal composite quality model, placing it at rank #1,752 of 2,879 stocks — the bottom half of the AI-ranked universe. NSA scores in the top quartile across free cash flow (92.0). Areas of concern include institutional flow (9.1) and earnings quality (12.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 45.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), National Storage Affiliates Trust reports quarterly revenue of $185.4M, net income of $17.8M, free cash flow of $87.4M. Top institutional holders of NSA by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. NSA trades on the NYSE exchange and files with the SEC under CIK 1618563. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NSA daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for National Storage Affiliates Trust directly from SEC EDGAR. National Storage Affiliates Trust's 13F Pro composite quality score has ranged between 45 and 47 since 2026, currently 44.8 — a stable long-term trajectory across 8 quarterly and live scoring snapshots.
Revenue
Q1 2026
$185.4M
Net Income
Q1 2026
$17.8M
Free Cash Flow
Q1 2026
$87.4M
ROIC
Q1 2026
0.7%
D/E Ratio
Q1 2026
3.74
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-2.3% YoYNet Income
-33.8% YoYOperating Income
EPS (Diluted)
-41.5% YoYTotal Assets
-5.1% YoYTotal Debt
-1.3% YoYOp. Cash Flow
-6.8% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $752.9M -2.3% | $770.3M -3.9% | $801.6M +36.9% | $585.7M +77.0% | $330.9M +23.4% | $268.1M |
| Net Income | $73.8M -33.8% | $111.5M +7.5% | $103.7M -1.4% | $105.3M +646.0% | $14.1M +376.5% | $3.0M |
| Operating Income | — | — | — | — | $101.7M +29.5% | $78.5M |
| EPS (Diluted) | $0.69 -41.5% | $1.18 +19.2% | $0.99 +1.0% | $0.98 +1300.0% | $0.07 +600.0% | $0.01 |
| Total Assets | $5.08B -5.1% | $5.35B -11.8% | $6.07B +9.1% | $5.56B +103.8% | $2.73B +20.4% | $2.27B |
| Total Debt | $3.41B -1.3% | $3.45B -2.9% | $3.55B +20.8% | $2.94B +130.1% | $1.28B +33.4% | $958.1M |
| Operating Cash Flow | $338.5M -6.8% | $363.1M -18.2% | $443.8M +34.0% | $331.3M +104.8% | $161.8M +30.2% | $124.3M |
AI Insight: NSA Financial Trends
Revenue declined 2.6% from $190M in Q2 2024 to $185M in Q1 2026 while debt remained elevated at $3.4B.
• Revenue dropped from $190M in Q2 2024 to $185M in Q1 2026, showing gradual decline over eight quarters.
• Total debt increased from $3.366B in Q2 2024 to $3.417B in Q1 2026 despite revenue weakness.
• Equity declined consistently from $1.191B in Q2 2024 to $913M in Q1 2026, falling 23%.
⚠ Operating cash flow volatility ranges from $73M to $106M with no clear trend direction.
⚠ Net income showed improvement to $23M in Q4 2025 but fell back to $18M in Q1 2026.
AI Insight: NSA Ratio Trends
NSA operating margins recovered from Q1 2025 trough of 11.0% but remain volatile, while leverage steadily increased to 3.74x debt-to-equity.
• Operating margin recovered from 11.0% in Q1 2025 to 20.2% in Q4 2025 before declining to 15.2% in Q1 2026.
• ROIC improved from 1.8% trough in Q1 2025 to 3.5% in Q4 2025, then declined to 2.6% in Q1 2026.
• Debt-to-equity ratio increased from 2.83x in Q2 2024 to 3.74x in Q1 2026.
⚠ Operating margin volatility with 9.2pp swing from Q1 2025 low to Q4 2025 peak suggests unstable operations.
⚠ Leverage trend shows consistent deterioration with debt-to-equity rising 0.91x over seven quarters.
Get alerted when NSA's score changes
Free account: watchlist tracking, the daily AI brief, and the AI screener.
Available Research
13F Pro tracks comprehensive data for National Storage Affiliates Trust including:
Top Institutional Holders of NSA
BlackRock, Inc.
$332.6M8,813,336 shVANGUARD PORTFOLIO MANAGEMENT LLC
$226.6M6,003,787 shSTATE STREET CORP
$135.0M3,576,839 shCANADA PENSION PLAN INVESTMENT BOARD
$128.3M3,400,100 shVANGUARD CAPITAL MANAGEMENT LLC
$117.5M3,114,080 shDEUTSCHE BANK AG\
$107.0M2,835,089 shFirst Trust Capital Management L.P.
$68.5M1,814,200 shGEODE CAPITAL MANAGEMENT, LLC
$56.3M1,490,229 shTWO SIGMA INVESTMENTS, LP
$53.7M1,422,166 shJENNISON ASSOCIATES LLC
$48.1M1,274,412 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $332.6M | 8,813,336 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $226.6M | 6,003,787 |
| STATE STREET CORP | $135.0M | 3,576,839 |
| CANADA PENSION PLAN INVESTMENT BOARD | $128.3M | 3,400,100 |
| VANGUARD CAPITAL MANAGEMENT LLC | $117.5M | 3,114,080 |
| DEUTSCHE BANK AG\ | $107.0M | 2,835,089 |
| First Trust Capital Management L.P. | $68.5M | 1,814,200 |
| GEODE CAPITAL MANAGEMENT, LLC | $56.3M | 1,490,229 |
| TWO SIGMA INVESTMENTS, LP | $53.7M | 1,422,166 |
| JENNISON ASSOCIATES LLC | $48.1M | 1,274,412 |
More Real Estate Companies
View all Real Estate →Put NSA on your watchlist
Track score changes the day National Storage Affiliates Trust files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.
Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).
Popular Research
Is NSA a good stock to buy?
13F Pro's AI-powered analysis of National Storage Affiliates Trust (NSA) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NSA are available on the NSA stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NSA?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NSA. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of National Storage Affiliates Trust's investment landscape.