National Storage Affiliates Trust (NSA)

Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Denver, Colorado, 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. NSA is included in the MSCI US REIT Index (RMS/RMZ), the Russell 2000 Index of Companies and the S&P SmallCap 600 Index.

Company profile

Ticker

NSA, NSA-PA

Exchange

NYSE

Website

www.nationalstorageaffiliates.com

CEO

Tamara D. Fischer

Location

Colorado

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • Prologis • ARMOUR Residential REIT • VEREIT • Vornado Realty • Vornado Realty Trust • Healthpeak Properties • Ventas ...

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

Analyst ratings and price targets

Last 3 months

Average target

$48.17

Low target

$42.00

High target

$60.00

Latest filings (excl ownership)

View all

8-K

Departure of Directors or Certain Officers

3 Nov 22

Results of Operations and Financial Condition

4 Aug 22

Results of Operations and Financial Condition

3 Aug 22

8-K

Departure of Directors or Certain Officers

9 Jun 22

8-K

Submission of Matters to a Vote of Security Holders

5 May 22

Results of Operations and Financial Condition

4 May 22

424B7

Prospectus with selling stockholder info

14 Apr 22

Transcripts

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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

NSA

Earnings call transcript

2020 Q4

23 Feb 21

NSA

Earnings call transcript

2020 Q3

6 Nov 20

NSA

Earnings call transcript

2020 Q2

7 Aug 20

Latest ownership filings

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Paul William Hylbert Jr

Financial summary

Financial statements Chart NSA financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
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)	37.41 mm	37.41 mm	37.41 mm	37.41 mm	37.41 mm	37.41 mm
Cash burn (monthly)	(no burn)	3.02 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	6.35 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	31.06 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	10.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

NSA institutional ownership history Ownership history

84.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	303	312	-2.9%
Opened positions	44	60	-26.7%
Closed positions	53	45	+17.8%
Increased positions	124	119	+4.2%
Reduced positions	96	101	-5.0%

13F shares	Current	Prev Q	Change
Total value	3.16 bn	4.12 bn	-23.4%
Total shares	76.94 mm	81.08 mm	-5.1%
Total puts	8.60 k	14.20 k	-39.4%
Total calls	24.70 k	27.80 k	-11.2%
Total put/call ratio	0.3	0.5	-31.8%

Largest owners	Shares	Value	Change
Vanguard	13.17 mm	$547.80 mm	-0.2%
BLK Blackrock	9.85 mm	$409.76 mm	-5.5%
Howard Kevin Maxen	4.08 mm	$137.18 mm	0.0%
Wasatch Advisors	2.96 mm	$122.96 mm	+27.7%
IVZ Invesco	2.27 mm	$94.28 mm	-21.1%
Thrivent Financial For Lutherans	2.04 mm	$84.80 mm	+6.6%
Nuveen Asset Management	1.97 mm	$81.78 mm	+1.4%
GS Goldman Sachs	1.96 mm	$81.59 mm	+122.5%
Alliancebernstein	1.34 mm	$55.88 mm	+2.0%
Jennison Associates	1.32 mm	$54.88 mm	-0.4%

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-4.54 mm	EXIT
GS Goldman Sachs	1.96 mm	+1.08 mm	+122.5%
FMR	1.30 mm	+961.75 k	+281.0%
Wellington Management	653.85 k	-943.41 k	-59.1%
Weiss Multi-Strategy Advisers	0.00	-662.86 k	EXIT
Wasatch Advisors	2.96 mm	+640.59 k	+27.7%
IVZ Invesco	2.27 mm	-606.65 k	-21.1%
GW&K Investment Management	573.33 k	+573.33 k	NEW
BLK Blackrock	9.85 mm	-572.93 k	-5.5%
Point72 Asset Management	0.00	-556.49 k	EXIT

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
7 Nov 22	Warren J. Timothy	Common shares of beneficial interest, $0.01 par value	Buy	Acquire P	No	No	38	4,680	177.84 k	55,965
4 Nov 22	Van Mourick Mark	Common shares of beneficial interest, $0.01 par value	Buy	Acquire P	No	No	37.85	1,280	48.45 k	1,280
4 Nov 22	Hylbert Paul William Jr	Common shares of beneficial interest, $0.01 par value	Buy	Acquire P	Yes	No	37.52	1,350	50.65 k	16,350
4 Nov 22	Tamara D Fischer	Common shares of beneficial interest, $0.01 par value	Buy	Acquire P	No	No	37.78	292	11.03 k	17,392
4 Nov 22	Nordhagen Arlen Dale	Common shares of beneficial interest, $0.01 par value	Buy	Acquire P	No	No	37.88	53,000	2.01 mm	4,064,851