National Storage Affiliates Trust

National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.

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National Storage Affiliates Trust reports robust Q4 performance and growth outlook

National Storage Affiliates Trust (NSA) demonstrated strong financial performance in Q4 2022, driven by acquisitions and operational efficiency.
Despite challenges in the acquisitions environment and interest rate headwinds, NSA remains well-positioned for growth and value creation.
The company's strategic focus on community support, financial management, and market insights positions it for continued success in '23 and beyond.
Positive demand indicators, occupancy rates, and revenue growth projections underscore NSA's resilience and potential for sustained performance.

National Storage Affiliates Trust reports solid Q1 performance amidst challenges

NSA's Q1 2023 performance showcased revenue growth and occupancy improvements, despite challenges from the economy and housing market.
The company's strategic strengths lie in conservative leverage, geographic diversity, and stable customer retention rates.
Challenges include market uncertainties and balancing share buybacks with leverage, while opportunities exist in preferred equity issuance and marketing strategies.
NSA's focus on driving rental growth through rate adjustments and managing supply pressures positions them for long-term success.

National Storage Affiliates Trust reports resilient Q2 performance and strategic growth plans

National Storage Affiliates Trust (NSA) navigated challenges in Q2 while emphasizing operational strengths and strategic growth plans. Despite near-term headwinds, the company remains confident in its market positioning and strategies for continued success. NSA's focus on enhancing customer acquisition and revenue management processes bodes well for future growth.

National Storage Affiliates Trust reports Q3 challenges and growth opportunities

NSA faces challenges from high interest rates and competitive markets but maintains guidance and pursues portfolio optimization.
Occupancy decline and rising expenses pose challenges, while technology enhancements and marketing efforts present opportunities.
PROs are actively acquiring properties outside the REIT, leveraging various funding sources and focusing on demand generation.
The company is confident in executing dispositions and JVs, with a focus on efficient team operations and strategic acquisitions.

National Storage Affiliates Trust (NSA) Q4 2023 Earnings: Strategic Initiatives Drive Growth Amid Revenue Challenges

National Storage Affiliates Trust (NSA) navigated challenges of flat revenue growth and declining occupancy in Q4 2023. The company focused on portfolio optimization, technology investments, and strategic capital enhancements to drive future growth and operational efficiency.

National Storage Affiliates Trust (NSA) reports Q1 challenges and growth opportunities

National Storage Affiliates Trust (NSA) faces challenges in certain markets but sees opportunities in Sunbelt regions. The company is actively managing its balance sheet, targeting strategic acquisitions, and optimizing its portfolio. Despite a decrease in Core FFO, NSA remains focused on growth and performance improvements.

National Storage Affiliates Trust faces market challenges, pursues strategic growth

NSA's Q2 2024 earnings call highlighted challenges from a competitive operating environment, leading to a 9% decrease in core FFO per share.
Despite pressure on revenue growth and occupancy rates, NSA focused on strategic acquisitions, internalizing the PRO structure, and enhancing shareholder value.
Revised guidance for 2024 reflects ongoing headwinds, but NSA remains committed to operational excellence and pursuing growth opportunities.
With a strong operational focus and strategic initiatives in place, NSA aims to navigate market challenges and drive long-term value creation for shareholders.

NSA navigated challenges of declining street rates with operational resilience and strategic financial decisions, maintaining focus on portfolio optimization.
The company's proactive approach to internalization and acquisitions positions it for sustainable growth and operational efficiency in the real estate sector.
Despite near-term revenue challenges, NSA's strategic initiatives and focus on customer dynamics present opportunities for long-term value creation.

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National Storage Affiliates is a real estate investment trust specializing in self-storage properties. Self-storage services are resilient during economic crises due to consistent demand driven by life events. The self-storage market is growing due to population growth, urbanization, and consumerism, with a fragmented market offering acquisition opportunities.

National Storage: Room For Improvement And A Lot To Prove, But Valuation Looks Good

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The REIT sector averaged a +9.50% total return in November, but remains in negative territory year to date (-2.27%). Large cap REITs (+11.54%) outperformed again in November. Micro caps (+3.30%) finally had a month in the black, but continue to badly underperform their larger peers. 90.2% of REIT securities had a positive total return in November, but only 42.5% are in the black year to date.

The State Of REITs: December 2023 Edition

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Property Type Round-Up From REITWorld

The author owns shares in both Public Storage (PSA) and National Storage Affiliates (NSA), despite both being in the red. The author has increased their exposure to the self-storage sector due to attractive valuations, focusing on NSA and PSA. NSA is a good company with a better yield than PSA, but is expected to have a decline in FFO over the next two years.

NSA: An Update On Higher-Yielding Self-Storage

National Storage Affiliates Trust (NYSE:NSA ) Q3 2023 Earnings Conference Call November 2, 2023 1:00 PM ET Company Participants George Hoglund - VP, IR Dave Cramer - President and CEO Brandon Togashi - CFO Conference Call Participants Michael Goldsmith - UBS Juan Sanabria - BMO Capital Markets Smedes Rose - Citi Jeff Spector - Bank of America Samir Khanal - Evercore ISI Todd Thomas - KeyBanc Capital Markets Keegan Carl - Wolfe Research Spenser Allaway - Green Street Ron Kamdem - Morgan Stanley Eric Luebchow - Wells Fargo Ki Bin Kim - Truist Securities Juan Sanabria - BMO Capital Markets Operator Greetings. Welcome to the National Storage Affiliation Third Quarter 2023 Conference Call.

National Storage Affiliates Trust (NSA) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for National Storage (NSA) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

National Storage (NSA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Reports Third Quarter 2023 Results.

National Storage Affiliates Trust Reports Third Quarter 2023 Results

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National Storage Affiliates Trust has underperformed the market due to the impact of high interest rates on its interest expense and its valuation. The REIT has room for future growth, a resilient business model and a healthy balance sheet, making it likely to endure the downturn. The stock is currently trading at a nearly 10-year low price-to-FFO ratio and offers a nearly 10-year high dividend yield.

National Storage Affiliates: Offering Nearly 10-Year High Dividend Yield Of 7.3%

National Storage Affiliates is a well-managed self-storage REIT with an impressive track record of growth. The market seems to be overly-rotated on a normalization of NSA's operating fundamentals after 2 years of gangbuster growth. It trades at a substantial discount to peers and sits below my fair value estimate, giving investors a high-yield opportunity.

National Storage Affiliates: Buy This 7% Yielding Self-Storage REIT

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Announces Date of its Third Quarter 2023 Earnings Release and Conference Call.

National Storage Affiliates Trust Announces Date of its Third Quarter 2023 Earnings Release and Conference Call

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Investors and analysts are closely watching the upcoming U.S. Federal Reserve meeting for clues on monetary policy. Some experts predict the Fed will pause its inflation-busting policy, while others expect further rate hikes. REITs, such as Crown Castle and National Storage Affiliates Trust, offer potential opportunities for income investors in the high-interest rate environment.

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National Storage Affiliates (NSA) is a self-storage real estate investment trust with 1,117 locations and 72.8 million square feet of rentable space. NSA offers acquisition-driven growth opportunities in the fragmented and recession-resistant self-storage industry, with a 6.71% dividend yield. Growth potential in a highly fragmented market, with $43 billion in TAM owned by 31,0000 different owners.

Unlocking Growth In National Storage Affiliates' Storage Landscape

National Storage Affiliates Trust has historically been a strong player in the self-storage industry, but recent market shifts and internal challenges raise concerns about its future trajectory. NSA's weakening of guidance shows that this stock is likely overpriced. Especially when considered against treasuries. The company's financial performance has shown a decrease in net income and core funds from operations, and its revised guidance indicates potential hurdles and challenges in the coming year.

Unpacking National Storage Affiliates: Internal Challenges And The Road Ahead

National Storage Affiliates Trust (NYSE:NSA ) Q2 2023 Earnings Call Transcript August 8, 2023 1:00 PM ET Company Participants George Hoglund - VP, IR Dave Cramer - President and CEO Brandon Togashi - CFO Conference Call Participants Michael Goldsmith - UBS Jeff Spector - Bank of America Smedes Rose - Citi Steve Sakwa - Evercore ISI Keegan Carl - Wolfe Research Eric Luebchow - Wells Fargo Wes Golladay - Baird Ronald Kamdem - Morgan Stanley Operator Greetings, and welcome to the National Storage Affiliates Second Quarter 2023 Conference Call. At this time, all participants are on a listen-only mode.

National Storage Affiliates Trust (NSA) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for National Storage (NSA) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

National Storage (NSA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

National Storage (NSA) came out with quarterly funds from operations (FFO) of $0.68 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to FFO of $0.71 per share a year ago.

National Storage (NSA) Q2 FFO and Revenues Miss Estimates

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust Announces Date of its Second Quarter 2023 Earnings Release and Conference Call.

National Storage Affiliates Trust Announces Date of its Second Quarter 2023 Earnings Release and Conference Call

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News for National Storage Affiliates Trust Stock (NSA)