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 |
---|---|---|---|
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 |
4/13/2023 | Peer Perform → Underperform | Wolfe Research | |
1/18/2023 | Peer Perform | Wolfe Research |
8-K - National Storage Affiliates Trust (0001618563) (Filer)
8-K - National Storage Affiliates Trust (0001618563) (Filer)
8-K - National Storage Affiliates Trust (0001618563) (Filer)
8-K - National Storage Affiliates Trust (0001618563) (Filer)
8-K/A - 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)
8-K - National Storage Affiliates Trust (0001618563) (Filer)
DEFA14A - National Storage Affiliates Trust (0001618563) (Filer)
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA), announced an agreement in principle for the internalization of its participating regional operating ("PRO") structure, which is expected to close on July 1, 2024. As part of the transaction, we expect our eight existing PROs, who currently manage 32% of NSA's 1,050 properties, to transition management to NSA's platform in phases to ensure a seamless execution. David Cramer, President and CEO commented, "The internalization of the PRO structure marks the beginning of the next exciting chapter for NSA. This accretive transaction will further enhance our growth profile and simplify our structure. Additionally, given the s
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA), announced that its Board of Trustees today declared regular cash dividends for the second quarter 2024 payable on June 28, 2024 to shareholders of record on June 14, 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 Nareit REITweek: 2024 Invest
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today announced that shareholders elected Michael Schall to its Board, effective May 13, 2024. Mr. Schall has been appointed to serve on the Audit and Finance Committees. Tamara Fischer, Executive Chairperson of the Board of Trustees, commented, "We are pleased to announce that our shareholders showed overwhelming support for Mike's addition to our board, as his extensive experience in various executive leadership roles and on the boards of publicly traded REITs will enhance our strategic endeavors toward building value for all of NSA's stakeholders." Mr. Schall retired from Essex Property Trust (NYSE:ESS), where he h
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 announced Melissa Cameron has been promoted to Chief Marketing Officer, from her previous role of Senior Vice President of Customer Acquisitions, effective April 1, 2024. David Cramer, President and Chief Executive Officer, commented, "We are pleased to recognize Melissa's significant contributions to NSA by elevating her to the role of Chief Marketing Officer. Melissa has played an instrumental role in the evolution of our marketing, pricing and call center operations." Mrs. Cameron joined NSA in November, 2018 as VP of Marketing and was promoted to SVP of Customer Acquisitions in 2021, responsible for marketin
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 has appointed Lisa R. Cohn to its Board, effective February 15, 2024. Tamara Fischer, Executive Chairperson of the Board of Trustees, commented, "We are pleased to announce Lisa's addition to NSA's board as her extensive experience as a cross-functional leader and General Counsel for a publicly-traded REIT, will provide a valuable and differentiated perspective while further enhancing our board's diversity." Ms. Cohn is the President and General Counsel of Apartment Income REIT Corp. (NYSE:AIRC) and has served in that position since 2020, with specific responsibility for governance, informa
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA), announced that its Board of Trustees today declared regular cash dividends for the first quarter 2024 payable on March 29, 2024 to shareholders of record on March 15, 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 Conferences NSA management is scheduled to participate in Citi's 2024 Global Property CEO
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 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
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
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today reported the Company's second quarter 2023 results. Second Quarter 2023 Highlights Reported net income of $45.5 million for the second quarter of 2023, a decrease of 6.1% compared to the second quarter of 2022. Reported diluted earnings per share of $0.28 for the second quarter of 2023 compared to $0.24 for the second quarter of 2022. Reported core funds from operations ("Core FFO") of $88.2 million, or $0.68 per share for the second quarter of 2023, a decrease of 4.2% per share compared to the second quarter of 2022, driven by same store growth and net operating income ("NOI") contribution from non-same sto
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, 2023 after market close on Monday, August 7, 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 Tuesday, August 8, 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: Tuesday, August 8, 2023 at 1:00 p.m. ET Webcast link availab
National Storage Affiliates Trust ("NSA" or the "Company") (NYSE:NSA) today reported the Company's first quarter 2023 results. First Quarter 2023 Highlights Reported net income of $40.4 million for the first quarter of 2023, a decrease of 9.8% compared to the first quarter of 2022. Reported diluted earnings per share of $0.24 for the first quarter of 2023 compared to $0.24 for the first quarter of 2022. Reported core funds from operations ("Core FFO") of $85.9 million, or $0.66 per share for the first quarter of 2023, a decrease of 2.9% per share compared to the first quarter of 2022, driven by same store growth and net operating income ("NOI") contribution from non-same store prope
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, 2023 after market close on Monday, May 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 Tuesday, May 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: Tuesday, May 2, 2023 at 1:00 p.m. ET Webcast link available at: w
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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
Wolfe Research downgraded National Storage Affiliates from Peer Perform to Underperform
Wolfe Research initiated coverage of National Storage Affiliates with a rating of Peer Perform
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As of June 17, 2024, four stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. Essex Property Trust Inc (NYSE:ESS) On June 14, Scotiabank analyst Nicholas Yulico maintaine
National Storage (NYSE:NSA) reported quarterly earnings of $0.60 per share which met the analyst consensus estimate. The company reported quarterly sales of $173.87 million which missed the analyst consensus estimate of $191.02 million by 8.98 percent. This is a 16.41 percent decrease over sales of $207.99 million the same period last year.
Barclays analyst Brendan Lynch initiates coverage on National Storage (NYSE:NSA) with a Equal-Weight rating and announces Price Target of $39.
2024 GuidanceThe following table outlines NSA's Core FFO per share guidance estimates and related assumptions for the year ended December 31, 2024. Ranges for Full Year2024 ActualResults forFull Year2023 Low High Core FFO per share(1) $2.40 $2.56 $2.69 Same store operations(2) Total revenue growth (4.0)% 0.0% 2.4%Property operating expenses growth 3.0% 5.0% 4.7%NOI growth (6.0)% (2.0)% 1.6% General and administrative expenses General and administrative expenses (excluding equity-based compensation), in millions $54.5 $56.5 $52.6 Equity-based compensation, in millions $7.25 $7.75 $6.7 Management fees and other revenue, in millions $32.0 $34.0 $
National Storage (NYSE:NSA) reported quarterly earnings of $0.68 per share which beat the analyst consensus estimate of $0.65 by 4.62 percent. This is a 4.23 percent decrease over earnings of $0.71 per share from the same period last year. The company reported quarterly sales of $215.41 million which beat the analyst consensus estimate of $207.53 million by 3.80 percent. This is a 3.21 percent increase over sales of $208.72 million the same period last year.
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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings. Below are the ratings of the most accurate analysts for three high-yielding stocks in the r
Keybanc analyst Todd Thomas upgrades National Storage (NYSE:NSA) from Sector Weight to Overweight and announces $45 price target.
4 analysts have shared their evaluations of National Storage (NYSE:NSA) during the recent three months, expressing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 1 3 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 2 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 1 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $35.0, a high estimate of $37.00, and a low estimate of $32.00. This current average reflects an increase of 5.26% from th