National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States.
IPO Year: 2015
Exchange: NYSE
Website: nationalstorageaffiliates.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $40.00 → $38.00 | Sell → Hold | Deutsche Bank |
| 9/9/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 3/27/2024 | $39.00 | Equal Weight | Barclays |
| 1/30/2024 | $33.00 | Sell | Deutsche Bank |
| 1/5/2024 | $45.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 12/11/2023 | $32.00 → $35.00 | In-line → Underperform | Evercore ISI |
| 8/8/2023 | $47.00 → $35.00 | Buy → Hold | Stifel |
| 6/15/2023 | $36.00 | Underweight | Wells Fargo |
| 6/12/2023 | $49.00 → $42.00 | Outperform → In-line | Evercore ISI |
| 5/8/2023 | $48.00 → $38.00 | Neutral → Underperform | BofA Securities |
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA), today announced its Board of Trustees has elevated Tamara Fischer, Chief Executive Officer, to Executive Chair, effective April 1, 2023. Tammy has served as an officer of NSA since its IPO in 2015 and as its CEO and member of the Board of Trustees of NSA since 2020. As part of this planned transition of responsibilities, effective April 1, 2023, David Cramer will be appointed Chief Executive Officer, in addition to his current role as President. Arlen Nordhagen will remain on the Board and will transition to Vice Chair, from his current role as Executive Chairman. Dave Cramer joined NSA in April 2020, and currently ser
3 - National Storage Affiliates Trust (0001618563) (Issuer)
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4 - National Storage Affiliates Trust (0001618563) (Issuer)
4 - National Storage Affiliates Trust (0001618563) (Issuer)
4 - National Storage Affiliates Trust (0001618563) (Issuer)
4 - National Storage Affiliates Trust (0001618563) (Issuer)
3 - National Storage Affiliates Trust (0001618563) (Issuer)
4 - National Storage Affiliates Trust (0001618563) (Issuer)
4 - National Storage Affiliates Trust (0001618563) (Issuer)
4 - National Storage Affiliates Trust (0001618563) (Issuer)
4 - National Storage Affiliates Trust (0001618563) (Issuer)
8-K - National Storage Affiliates Trust (0001618563) (Filer)
8-K - National Storage Affiliates Trust (0001618563) (Filer)
8-K - National Storage Affiliates Trust (0001618563) (Filer)
424B5 - National Storage Affiliates Trust (0001618563) (Filer)
8-K - National Storage Affiliates Trust (0001618563) (Filer)
10-Q - National Storage Affiliates Trust (0001618563) (Filer)
8-K - National Storage Affiliates Trust (0001618563) (Filer)
424B7 - National Storage Affiliates Trust (0001618563) (Filer)
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8-K - National Storage Affiliates Trust (0001618563) (Filer)
SC 13G/A - National Storage Affiliates Trust (0001618563) (Subject)
SC 13G/A - National Storage Affiliates Trust (0001618563) (Subject)
SC 13G/A - National Storage Affiliates Trust (0001618563) (Subject)
SC 13G - National Storage Affiliates Trust (0001618563) (Subject)
SC 13G/A - National Storage Affiliates Trust (0001618563) (Subject)
SC 13G/A - National Storage Affiliates Trust (0001618563) (Subject)
SC 13G/A - National Storage Affiliates Trust (0001618563) (Subject)
SC 13G/A - National Storage Affiliates Trust (0001618563) (Subject)
SC 13G/A - National Storage Affiliates Trust (0001618563) (Subject)
SC 13G/A - National Storage Affiliates Trust (0001618563) (Subject)
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today reported the Company's third quarter 2024 results. Third Quarter 2024 Highlights Reported net income of $29.8 million for the third quarter of 2024, a decrease of 30.9% compared to the third quarter of 2023. Reported diluted earnings per share of $0.18 for the third quarter of 2024 compared to $0.26 for the third quarter of 2023. Reported core funds from operations ("Core FFO") of $83.9 million, or $0.62 per share and unit for the third quarter of 2024, a decrease of 7.5% per share compared to the third quarter of 2023. Reported a decrease in same store net operating income ("NOI") of 5.3% for the third quart
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today announced the Company will release financial results for the three months ended September 30, 2024, after market close on Wednesday, October 30, 2024. NSA will host a conference call to discuss its financial results, current market conditions and future outlook at 1:00 p.m. Eastern Time on Thursday, October 31, 2024. Following prepared remarks, management will accept questions from registered financial analysts. All other participants are encouraged to listen to the call via webcast using the link found on the Company's website. Conference Call and Webcast: Date/Time: Thursday, October 31, 2024, at 1:00 p.m. ET Web
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today reported the Company's second quarter 2024 results. Second Quarter 2024 Highlights Reported net income of $32.3 million for the second quarter of 2024, a decrease of 29.0% compared to the second quarter of 2023. Reported diluted earnings per share of $0.16 for the second quarter of 2024 compared to $0.28 for the second quarter of 2023. Reported core funds from operations ("Core FFO") of $71.2 million, or $0.62 per share for the second quarter of 2024, a decrease of 8.8% per share compared to the second quarter of 2023. Reported a decrease in same store net operating income ("NOI") of 5.6% for the second q
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today announced the Company will release financial results for the three months ended June 30, 2024, after market close on Monday, August 5, 2024. NSA will host a conference call to discuss its financial results, current market conditions and future outlook at 1:00 p.m. Eastern Time on Tuesday, August 6, 2024. Following prepared remarks, management will accept questions from registered financial analysts. All other participants are encouraged to listen to the call via webcast using the link found on the Company's website. Conference Call and Webcast: Date/Time: Tuesday, August 6, 2024, at 1:00 p.m. ET Webcast link avai
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today reported the Company's first quarter 2024 results. First Quarter 2024 Highlights Reported net income of $95.1 million for the first quarter of 2024, an increase of 135.4% compared to the first quarter of 2023. Reported diluted earnings per share of $0.65 for the first quarter of 2024 compared to $0.24 for the first quarter of 2023. Reported core funds from operations ("Core FFO") of $72.4 million, or $0.60 per share for the first quarter of 2024, a decrease of 9.1% per share compared to the first quarter of 2023. Reported a decrease in same store net operating income ("NOI") of 3.7% for the first quarter
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today announced the Company will release financial results for the three months ended March 31, 2024, after market close on Wednesday, May 1, 2024. NSA will host a conference call to discuss its financial results, current market conditions and future outlook at 1:00 p.m. Eastern Time on Thursday, May 2, 2024. Following prepared remarks, management will accept questions from registered financial analysts. All other participants are encouraged to listen to the call via webcast using the link found on the Company's website. Conference Call and Webcast: Date/Time: Thursday, May 2, 2024, at 1:00 p.m. ET Webcast link availabl
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today reported the Company's fourth quarter and full year 2023 results. Fourth Quarter 2023 Highlights Reported net income of $108.1 million for the fourth quarter of 2023, an increase of 114.5% compared to the fourth quarter of 2022. Reported diluted earnings per share of $0.72 for the fourth quarter of 2023 compared to $0.31 for the fourth quarter of 2022. Reported core funds from operations ("Core FFO") of $83.6 million, or $0.68 per share for the fourth quarter of 2023, a decrease of 4.2% per share compared to the fourth quarter of 2022. Reported a decrease in same store net operating income ("NOI") of 1.
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today announced the Company will release financial results for the three months and year ended December 31, 2023, after market close on Wednesday, February 28, 2024. NSA will host a conference call to discuss its financial results, current market conditions and future outlook at 1:00 p.m. Eastern Time on Thursday, February 29, 2024. Following prepared remarks, management will accept questions from registered financial analysts. All other participants are encouraged to listen to the call via webcast using the link found on the Company's website. Conference Call and Webcast: Date/Time: Thursday, February 29, 2024, at 1:00
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today reported the Company's third quarter 2023 results. Third Quarter 2023 Highlights Reported net income of $43.1 million for the third quarter of 2023, an increase of 7.2% compared to the third quarter of 2022. Reported diluted earnings per share of $0.26 for the third quarter of 2023 compared to $0.21 for the third quarter of 2022. Reported core funds from operations ("Core FFO") of $85.8 million, or $0.67 per share for the third quarter of 2023, a decrease of 6.9% per share compared to the third quarter of 2022. An increase in net operating income ("NOI") of $6.0 million was more than offset by an increase i
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today announced the Company will release financial results for the three months ended September 30, 2023, after market close on Wednesday, November 1, 2023. NSA will host a conference call to discuss its financial results, current market conditions and future outlook at 1:00 p.m. Eastern Time on Thursday, November 2, 2023. Following prepared remarks, management will accept questions from registered financial analysts. All other participants are encouraged to listen to the call via webcast using the link found on the Company's website. Conference Call and Webcast: Date/Time: Thursday, November 2, 2023, at 1:00 p.m. ET We
Deutsche Bank upgraded National Storage Affiliates from Sell to Hold and set a new price target of $38.00 from $40.00 previously
KeyBanc Capital Markets downgraded National Storage Affiliates from Overweight to Sector Weight
Barclays initiated coverage of National Storage Affiliates with a rating of Equal Weight and set a new price target of $39.00
Deutsche Bank initiated coverage of National Storage Affiliates with a rating of Sell and set a new price target of $33.00
KeyBanc Capital Markets upgraded National Storage Affiliates from Sector Weight to Overweight and set a new price target of $45.00
Evercore ISI downgraded National Storage Affiliates from In-line to Underperform and set a new price target of $35.00 from $32.00 previously
Stifel downgraded National Storage Affiliates from Buy to Hold and set a new price target of $35.00 from $47.00 previously
Wells Fargo initiated coverage of National Storage Affiliates with a rating of Underweight and set a new price target of $36.00
Evercore ISI downgraded National Storage Affiliates from Outperform to In-line and set a new price target of $42.00 from $49.00 previously
BofA Securities downgraded National Storage Affiliates from Neutral to Underperform and set a new price target of $38.00 from $48.00 previously
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today announced the promotion of John Esbenshade to Chief Accounting Officer, from his previous role of Senior Vice President, Controller, effective January 1, 2025. David Cramer, President and Chief Executive Officer, commented, "We are pleased to recognize John's significant contributions to NSA by elevating him to the role of Chief Accounting Officer. John has played an instrumental role in the evolution of our accounting team and platform, most notably in conjunction with the internalization of our Participating Regional Operator (PRO) structure." Mr. Esbenshade has served as Senior Vice President, Controller sinc
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) announced that its Board of Trustees today declared regular cash dividends for the fourth quarter 2024 payable on December 31, 2024 to shareholders of record on December 13, 2024 on the following securities: a dividend of $0.57 per common share, representing an annualized dividend rate of $2.28; and a dividend of $0.375 per share on the Company's 6.000% Series A Cumulative Redeemable Preferred Shares; and a dividend of $0.375 per share on the Company's 6.000% Series B Cumulative Redeemable Preferred Shares. Upcoming Industry Conference NSA management is scheduled to participate in the upcoming Nareit REITwor
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today reported the Company's third quarter 2024 results. Third Quarter 2024 Highlights Reported net income of $29.8 million for the third quarter of 2024, a decrease of 30.9% compared to the third quarter of 2023. Reported diluted earnings per share of $0.18 for the third quarter of 2024 compared to $0.26 for the third quarter of 2023. Reported core funds from operations ("Core FFO") of $83.9 million, or $0.62 per share and unit for the third quarter of 2024, a decrease of 7.5% per share compared to the third quarter of 2023. Reported a decrease in same store net operating income ("NOI") of 5.3% for the third quart
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today announced the Company will release financial results for the three months ended September 30, 2024, after market close on Wednesday, October 30, 2024. NSA will host a conference call to discuss its financial results, current market conditions and future outlook at 1:00 p.m. Eastern Time on Thursday, October 31, 2024. Following prepared remarks, management will accept questions from registered financial analysts. All other participants are encouraged to listen to the call via webcast using the link found on the Company's website. Conference Call and Webcast: Date/Time: Thursday, October 31, 2024, at 1:00 p.m. ET Web
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA), announced that its operating partnership, NSA OP, LP, has issued $350 million of aggregate principal amount of senior unsecured notes (the "Notes") with a weighted average maturity of 7.6 years and a weighted average coupon of 5.60% in a private placement with institutional investors. The Notes consist of three tranches: $75 million of 5.40% senior unsecured notes due September 5, 2028; $125 million of 5.55% senior unsecured notes due September 5, 2031; and $150 million of 5.74% senior unsecured notes due September 5, 2034. The Company plans to use proceeds from the issuance of the Notes to repay outstanding ind
Strategic Partnership Will Pursue 8.5 Million Square Feet of Commercial Rooftop Solar across 42 States and Puerto Rico National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) and Solar Landscape today announced they have entered into an agreement to pursue the installation of new solar capacity on rooftops across the Company's properties nationwide. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240826923600/en/(Graphic: Business Wire) NSA and Solar Landscape plan to develop at least 100 megawatts of solar capacity, which represents approximately 8.5 million square feet of rooftop space. NSA has granted Solar Lan
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today announced that the Company has appointed Warren Allan to its Board, effective August 15, 2024. Mr. Allan will also serve on the Company's Audit Committee. Additionally, Mark Van Mourick has retired from the board, effective August 15, 2024. Tamara Fischer, Executive Chairperson of the Board of Trustees, commented, "We are pleased to announce Warren's addition to our board as his extensive self storage experience as Co-Founder and previous President of Optivest Properties provides valuable knowledge and perspective. I'd like to also thank Mark Van Mourick, who has served on NSA's board since inception, for his in
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA), announced that its Board of Trustees today declared regular cash dividends for the third quarter 2024 payable on September 30, 2024 to shareholders of record on September 13, 2024 on the following securities: a dividend of $0.56 per common share, representing an annualized dividend rate of $2.24; and a dividend of $0.375 per share on the Company's 6.000% Series A Cumulative Redeemable Preferred Shares; and a dividend of $0.375 per share on the Company's 6.000% Series B Cumulative Redeemable Preferred Shares. Upcoming Industry Conference NSA management is scheduled to participate in the upcoming 2024 BofA Se
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today reported the Company's second quarter 2024 results. Second Quarter 2024 Highlights Reported net income of $32.3 million for the second quarter of 2024, a decrease of 29.0% compared to the second quarter of 2023. Reported diluted earnings per share of $0.16 for the second quarter of 2024 compared to $0.28 for the second quarter of 2023. Reported core funds from operations ("Core FFO") of $71.2 million, or $0.62 per share for the second quarter of 2024, a decrease of 8.8% per share compared to the second quarter of 2023. Reported a decrease in same store net operating income ("NOI") of 5.6% for the second q
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today announced the promotion of Pam Valentine to Senior Vice President, People Operations, from Vice President, People Operations. Ms. Valentine will continue to report to David Cramer, President and Chief Executive Officer. Mr. Cramer commented, "It's my pleasure to recognize Pam's significant achievements as the leader of our people operations team by promoting her to SVP. Since Pam joined NSA in 2021, she has made invaluable contributions to the Company, including overseeing the onboarding of staff from two PRO retirements, the current internalization of our eight remaining PROs and the onboarding of over 250 new ac