Added to YB: 2026-02-13
Pitch date: 2025-12-02
NSA [bullish]
National Storage Affiliates Trust
+48.55%
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
N/A
Pitch Price
$28.80
Price Target
68.00 (+59%)
Dividend
N/A
EV/EBITDA
16.82
P/E
62.84
EV/Sales
N/A
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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