Added to YB: 2026-02-13
Pitch date: 2025-12-02
NSA [bullish]
National Storage Affiliates Trust
+18.04%
current return
Author Info
No bio for this author
Company Info
National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self-storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States.
Market Cap
$2.5B
Pitch Price
$29.34
Price Target
68.00 (+96%)
Dividend
6.88%
EV/EBITDA
15.23
P/E
54.46
EV/Sales
9.30
Sector
Specialized REITs
Category
turnaround
National Storage Affiliates Trust - $NSA
NSA: Self storage at trough numbers & trough multiple. 2/3 sunbelt exposure = most depressed occupancy vs peers, most recovery upside. Move-in rates inflected to +3.5% in Q3 vs +1.3% Q2. Trades 7.6% yield, 75bp cap rate premium vs sector (vs parity pre-COVID). 25% 3yr IRR target, $68 PT on housing turnover recovery + supply easing.
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