profit from every $100 of sales.
$0$100
National Storage Affiliates
We have no price for National Storage Affiliates since 21 July 2026. It may have been taken over, merged or renamed, so the figures below are from then.
$43.41-1.74% today
+41.1% since Oct 9, 25
1-year low $27.531-year high $46.04
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $86.62 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What National Storage Affiliates sold, what it kept, and what it did with the cash.
Sales went from $802 million in 2022 to $753 million in 2025, with $73.8 million of profit last year.
SalesProfit
National Storage Affiliates handed back 68% of the cash it generated last year.
$195M
Free cash flow 2025$299M
Bought back its own shares$8M
Paid as dividends$195M
Cash vs. debt$23M vs. $3.4B
National Storage Affiliates vs. similar companies
National Storage Affiliates grows the slowest of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| National Storage Affiliates | 86.6× · Very expensive | ||
 Prologis | 37.6× · Expensive | ||
 Public Storage | 34.9× · Expensive | ||
 Extra Space Storage | 35.4× · Expensive | ||
 SEGRO | 22.6× · Fair price |
AI analysis
An AI analyst reads National Storage Affiliates's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 802 | 858 | 770 | 753 | |
| 591 | 629 | 558 | 535 | |
| 290 | 337 | 297 | 279 | |
| 532 | 627 | 531 | 471 | |
| 104 | 157 | 112 | 74 | |
| 0.99 | 1.48 | 1.18 | 0.69 | |
| 73.7% | 73.3% | 72.5% | 71.1% | |
| 36.1% | 39.2% | 38.6% | 37.0% | |
| 12.9% | 18.3% | 14.5% | 9.8% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 6,070 | 5,932 | 5,354 | 5,080 |
| Cash | 35 | 65 | 50 | 23 |
| Total debt | 3,577 | 3,682 | 3,472 | 3,428 |
| Total liabilities | 3,681 | 3,806 | 3,591 | 3,546 |
| 1,648 | 1,422 | 1,076 | 946 | |
| 91 | 146 | 77 | 77 | |
| 4.5% | 6.3% | 5.9% | 5.1% | |
| 6.3% | 11.0% | 10.4% | 7.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 444 | 442 | 363 | 339 | |
| 44 | 52 | 53 | 39 | |
| 400 | 389 | 310 | 299 | |
| Dividends paid | 209 | 210 | 192 | 195 |
| 90 | 310 | 285 | 8 | |
| 6 | 7 | 8 | 12 |
Valuation
- 86.6×
- 82.5×
- –
- 3.7×
- 8.5×
- 21.4×
- 20.8×
- 4.7%
- 1.2%
- 5.2%
Profitability
- 71.1%
- 37.0%
- 9.8%
- 63.2%
- 72.9%
- 2.3%
- 8.2%
- 1.6%
- 5.7%
- –
Growth
- −2.1%
- −11.3%
- −12.5%
- +11.1%
- −1.4%
Financial health
- 7.2×
- 3.77
- 68.3%
- 1.8×
- 0.64
- 0.64
- 0.15
How it ranks in Real Estate
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 2%of 744
Bottom 47%of 750
Bottom 6%of 665
Bottom 14%of 760
Bottom 43%of 761
What analysts expect
- Average price target
- $33.33
- Range
- $29.00 – $41.00
- 2 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | 0.57 | 0.12 | +388.0% |
| Feb 25, 2026 | 0.57 | 0.55 | +3.6% |
| Nov 3, 2025 | 0.57 | 0.56 | +1.8% |
| Aug 4, 2025 | 0.55 | 0.58 | −5.2% |
| May 5, 2025 | 0.54 | 0.56 | −3.6% |
| Feb 26, 2025 | 0.60 | 0.19 | +215.8% |
| Oct 30, 2024 | 0.62 | 0.60 | +3.3% |
| Aug 5, 2024 | 0.62 | 0.63 | −1.6% |
5.2%of the share price, paid each year
On $1,000 invested$52a year at today's yield, before tax
+11.1%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.54 in 2015 → $2.28 in 2025
How safe it looks
264.8% of its profit
Room to growStretchedMore than it earns: 65.3%
News
National Energy Services Reunited declares $0.10 dividendSeeking Alpha · Nov 10, 20263 US Defense Stocks Worth Watching As Nvidia Questions Hit National SecurityYahoo Finance · Nov 9, 2026Auburn National GAAP EPS of $0.72, revenue of $9.1MSeeking Alpha · Oct 27, 2026United CEO backs national wealth tax, inheritance leviesSeeking Alpha · Oct 20, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
2/7Passes 2 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
47No pass
Benjamin Graham
82Pass
Philip Fisher
39No pass
Peter Lynch
31No pass
Joel Greenblatt
74Pass
Charlie Munger
54No pass
Terry Smith
48No pass
Questions about National Storage Affiliates
Is National Storage Affiliates a good stock to buy?
A business with weak numbers, priced as if everything goes right. 2 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the National Storage Affiliates AI analysis
What does National Storage Affiliates do?
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. It is in REIT - Industrial, based in Greenwood Village, CO, United States, with 1,458 employees.
Does National Storage Affiliates pay a dividend?
Yes. At today's price the dividend is 5.2% a year, about 265% of its yearly profit. In 2025 it paid out $195 million in dividends.
Is National Storage Affiliates stock halal?
No. National Storage Affiliates does not pass our halal screen: its debt is 54% of its market value, at or above the 33% limit. How we check
Who are National Storage Affiliates's competitors?
The largest listed companies in the same industry are Prologis, Public Storage, Extra Space Storage and SEGRO. The peers table on this page compares their profit, growth and price with National Storage Affiliates's.
Prices: daily closes to Jul 21, 2026. Fundamentals: company reports via invest-like data.