National Storage Affiliates Trust
NSANYSEReal Estate · Real Estate Investment Trusts · MD · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $752.9M | $770.3M | $858.1M | $801.6M | $585.7M | $432.2M |
| Operating income | — | — | — | — | — | — |
| Net income | $73.8M | $111.5M | $156.7M | $103.7M | $105.3M | $48.6M |
| Total assets | $5.08B | $5.35B | $5.93B | $6.07B | $5.56B | $3.51B |
| Total liabilities | $3.55B | $3.59B | $3.81B | $3.68B | $3.08B | $2.08B |
| Equity | $946.0M | $1.08B | $1.42B | $1.65B | $1.78B | $969.0M |
| EPS (diluted) | $0.69 | $1.18 | $1.48 | $0.99 | $0.98 | $0.53 |
| Shares out. | 76.4M | 80.0M | 89.9M | 91.4M | 71.4M | 59.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- 9.8%
- Return on equity
- 7.8%
- Return on assets
- 1.5%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 69.8%
- Debt / equity
- 3.75×
- Book value / share
- $12.38
- Revenue growth (YoY)
- −2.3%
- Net income growth (YoY)
- −33.8%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- −5.2%clean
- Piotroski F-Score
- 5/7mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 warning● 2 good- Revenue declined year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Cohen & Steers, Inc.Passive (13G)May 15, 2026
- Prudential Financial IncPassive (13G)May 8, 2026
- Vanguard Portfolio Management LlcPassive (13G)Apr 29, 2026
- Vanguard Group IncPassive (13G)Mar 27, 2026
- Nordhagen Arlen DaleActivist (13D)Mar 18, 2026
- Long Pond Capital, LpPassive (13G)Nov 14, 2025
- Wasatch Advisors LpPassive (13G)Nov 12, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 3.7M | 3.8 | -8.5% |
| Apr 30, 2026 | 4.1M | 3.7 | +4.0% |
| Apr 15, 2026 | 3.9M | 4.6 | -7.1% |
| Mar 31, 2026 | 4.2M | 1.1 | -29.6% |
| Mar 13, 2026 | 6.0M | 3.7 | -0.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 5, 2026
- Entered a material agreement · Director / officer changeMar 17, 2026
- Regulation FD disclosureMar 16, 2026
- Results of operationsFeb 25, 2026
- Results of operationsNov 3, 2025
- Results of operationsAug 4, 2025
- Shareholder voteMay 15, 2025
- Results of operationsMay 5, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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