National Storage Affiliates Trust (NSA)

Company Profile

national storage affiliates is a self-administered, self-managed real estate investment trust, dedicated to the ownership, operation and acquisition of self storage facilities.

Company profile

Ticker

NSA, NSA-PA, NSA-PB

Exchange

NYSE

Website

nationalstorageaffiliates.com

CEO

Tamara D. Fischer

Incorporated

Maryland

Location

Colorado

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Starwood Property Trust • Annaly Capital Management • AGNC Investment • ARMOUR Residential REIT • Equity Residential Properties Trust • VEREIT • Invesco Mortgage Capital • Welltower • Vornado Realty • Vornado Realty Trust ...

SEC CIK

0001618563

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

2016 JV Property Holdings, LLC • 2016 MHC, LLC • All Stor Asheville, LLC • All Stor Carolina Beach, LLC • All Stor Durham, LLC • All Stor Indian Trail, LLC • All Stor NC, LLC • All Stor Prospect, LLC • All Stor Swansboro, LLC • All Stor Swansboro II, LLC ...

NSA stock data

1M 1Y 5Y

Latest filings (excl ownership)

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8-K

Unregistered Sales of Equity Securities

28 Sep 23

CERT

Certification of approval for exchange listing

22 Sep 23

8-A12B

Registration of securities on exchange

14 Sep 23

8-K

Financial Statements and Exhibits

14 Sep 23

424B7

Prospectus with selling stockholder info

8 Aug 23

Results of Operations and Financial Condition

7 Aug 23

424B7

Prospectus with selling stockholder info

30 May 23

8-K

Submission of Matters to a Vote of Security Holders

2 May 23

Transcripts

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NSA

Earnings call transcript

2023 Q2

8 Aug 23

NSA

Earnings call transcript

2023 Q1

2 May 23

NSA

Earnings call transcript

2022 Q4

28 Feb 23

NSA

Earnings call transcript

2022 Q3

3 Nov 22

NSA

Earnings call transcript

2022 Q2

6 Aug 22

NSA

Earnings call transcript

2022 Q1

6 May 22

NSA

Earnings call transcript

2021 Q4

22 Feb 22

NSA

Earnings call transcript

2021 Q3

3 Nov 21

NSA

Earnings call transcript

2021 Q2

4 Aug 21

NSA

Earnings call transcript

2021 Q1

5 May 21

Latest ownership filings

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Rebecca Lee Steinfort

31 May 23

Paul William Hylbert Jr

31 May 23

STEVEN G OSGOOD

31 May 23

Financial summary

Financial statements Chart NSA financial data

Quarter (USD)	Jun 23	Mar 23	Dec 22	Sep 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	47.32 mm	47.32 mm	47.32 mm	47.32 mm	47.32 mm	47.32 mm
Cash burn (monthly)	1.51 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	4.71 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	42.61 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	28.3	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

NSA institutional ownership history Ownership history

87.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	325	299	+8.7%
Opened positions	59	37	+59.5%
Closed positions	33	55	-40.0%
Increased positions	105	124	-15.3%
Reduced positions	125	105	+19.0%

13F shares	Current	Prev Q	Change
Total value	2.55 tn	3.04 tn	-16.0%
Total shares	78.28 mm	77.64 mm	+0.8%
Total puts	66.30 k	31.80 k	+108.5%
Total calls	45.00 k	40.90 k	+10.0%
Total put/call ratio	1.5	0.8	+89.5%

Largest owners	Shares	Value	Change
Vanguard	11.67 mm	$406.56 bn	-8.6%
BLK Blackrock	9.20 mm	$320.48 bn	-4.6%
STT State Street	4.63 mm	$161.40 bn	-3.2%
Howard Kevin Maxen	4.08 mm	$137.18 mm	0.0%
Wasatch Advisors	4.04 mm	$140.73 bn	+8.6%
FMR	1.75 mm	$60.86 bn	-0.8%
Thrivent Financial For Lutherans	1.55 mm	$54.12 bn	+11.7%
Alliancebernstein	1.42 mm	$49.43 bn	+12.4%
Geode Capital Management	1.38 mm	$47.99 bn	-1.0%
Jennison Associates	1.35 mm	$47.17 bn	+4.1%

Largest transactions	Shares	Bought/sold	Change
IVZ Invesco	491.56 k	-1.49 mm	-75.2%
Vanguard	11.67 mm	-1.10 mm	-8.6%
Anchor Capital Advisors	1.09 mm	+1.01 mm	+1165.6%
MCQEF Macquarie	228.46 k	-997.88 k	-81.4%
Cincinnati Insurance	893.65 k	+843.65 k	+1687.3%
GS Goldman Sachs	898.98 k	-807.88 k	-47.3%
Millennium Management	568.48 k	+568.48 k	NEW
Balyasny Asset Management	1.03 mm	+545.58 k	+112.7%
BLK Blackrock	9.20 mm	-441.87 k	-4.6%
Lord, Abbett & Co.	405.21 k	-392.48 k	-49.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NSA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Aug 23	Nordhagen Arlen Dale	Common shares of beneficial interest, $0.01 par value	Other	Acquire J	No	No	0	18,442	0.00	4,019,626
31 Aug 23	David Cramer	Common shares of beneficial interest, $0.01 par value	Other	Acquire J	Yes	No	0	76	0.00	1,912,204
31 Aug 23	David Cramer	Common shares of beneficial interest, $0.01 par value	Other	Acquire J	No	No	0	9,306	0.00	1,912,128
5 Jun 23	William S. Jr. Cowan	Class A OP Units Common shares of beneficial interest, $0.01 par value	Grant	Acquire A	No	No	0	66,836	0.00	66,836
26 May 23	Van Mourick Mark	Class A OP Units Common shares of beneficial interest, $0.01 par value	Conversion	Acquire C	No	No	0	3,452	0.00	257,874
26 May 23	Van Mourick Mark	LTIP Units [object Object]	Conversion	Dispose C	No	No	0	3,452	0.00	7,056
26 May 23	Van Mourick Mark	Class A OP Units Common shares of beneficial interest, $0.01 par value	Grant	Acquire A	No	No	36.6	3,689	135.02 k	257,874