National Storage Affiliates Trust (NSA) - Net Assets
Based on the latest financial reports, National Storage Affiliates Trust (NSA) has net assets worth $1.48 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.03 Billion) and total liabilities ($3.56 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check National Storage Affiliates Trust PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.48 Billion |
| % of Total Assets | 29.3% |
| Annual Growth Rate | N/A |
| 5-Year Change | -38.22% |
| 10-Year Change | 56.66% |
| Growth Volatility | 86.06 |
National Storage Affiliates Trust - Net Assets Trend (2012–2025)
This chart illustrates how National Storage Affiliates Trust's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see NSA company net worth.
Annual Net Assets for National Storage Affiliates Trust (2012–2025)
The table below shows the annual net assets of National Storage Affiliates Trust from 2012 to 2025. Also explore National Storage Affiliates Trust (NSA) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.53 Billion | -13.02% |
| 2024-12-31 | $1.76 Billion | -17.05% |
| 2023-12-31 | $2.13 Billion | -11.02% |
| 2022-12-31 | $2.39 Billion | -3.76% |
| 2021-12-31 | $2.48 Billion | +73.54% |
| 2020-12-31 | $1.43 Billion | -1.49% |
| 2019-12-31 | $1.45 Billion | +3.55% |
| 2018-12-31 | $1.40 Billion | +10.29% |
| 2017-12-31 | $1.27 Billion | +29.87% |
| 2016-12-31 | $979.07 Million | +89.72% |
| 2015-12-31 | $516.05 Million | +141.03% |
| 2014-12-31 | $214.10 Million | +287.89% |
| 2013-12-31 | $55.20 Million | +554.26% |
| 2012-12-31 | $-12.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Storage Affiliates Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 64008900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $771.00K | 0.08% |
| Other Comprehensive Income | $4.42 Million | 0.47% |
| Other Components | $1.59 Billion | 168.40% |
| Total Equity | $946.04 Million | 100.00% |
National Storage Affiliates Trust Competitors by Market Cap
The table below lists competitors of National Storage Affiliates Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Addsino Co Ltd
SHE:000547
|
$3.37 Billion |
|
ATHENS INTERNATIONAL AIRPORT S.
AT:AIA
|
$3.37 Billion |
|
BNK Financial Group Inc
KO:138930
|
$3.37 Billion |
|
Hafnia Limited
NYSE:HAFN
|
$3.37 Billion |
|
Ninestar Corp
SHE:002180
|
$3.37 Billion |
|
Impinj Inc
NASDAQ:PI
|
$3.36 Billion |
|
Genscript Biotech Corporation
F:G51
|
$3.36 Billion |
|
Curbline Properties Corp.
NYSE:CURB
|
$3.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Storage Affiliates Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,075,980,000 to 946,038,000, a change of -129,942,000 (-12.1%).
- Net income of 73,784,000 contributed positively to equity growth.
- Dividend payments of 195,371,000 reduced retained earnings.
- Share repurchases of 7,934,000 reduced equity.
- Other comprehensive income decreased equity by 11,132,000.
- Other factors increased equity by 10,711,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $73.78 Million | +7.8% |
| Dividends Paid | $195.37 Million | -20.65% |
| Share Repurchases | $7.93 Million | -0.84% |
| Other Comprehensive Income | $-11.13 Million | -1.18% |
| Other Changes | $10.71 Million | +1.13% |
| Total Change | $- | -12.08% |
Book Value vs Market Value Analysis
This analysis compares National Storage Affiliates Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.52x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $-0.61 | $43.41 | x |
| 2013-12-31 | $2.76 | $43.41 | x |
| 2014-12-31 | $10.71 | $43.41 | x |
| 2015-12-31 | $11.36 | $43.41 | x |
| 2016-12-31 | $12.43 | $43.41 | x |
| 2017-12-31 | $28.62 | $43.41 | x |
| 2018-12-31 | $26.31 | $43.41 | x |
| 2019-12-31 | $15.80 | $43.41 | x |
| 2020-12-31 | $21.48 | $43.41 | x |
| 2021-12-31 | $18.45 | $43.41 | x |
| 2022-12-31 | $26.18 | $43.41 | x |
| 2023-12-31 | $9.74 | $43.41 | x |
| 2024-12-31 | $14.00 | $43.41 | x |
| 2025-12-31 | $12.34 | $43.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Storage Affiliates Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.80%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 5.37x
- Recent ROE (7.80%) is above the historical average (2.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | -11.79% | 0.16x | 0.00x | $-2.24 Million |
| 2013 | -2.27% | -3.12% | 0.11x | 6.67x | $-6.77 Million |
| 2014 | -7.64% | -21.25% | 0.09x | 3.89x | $-37.77 Million |
| 2015 | 2.41% | 9.29% | 0.12x | 2.14x | $-39.16 Million |
| 2016 | 1.83% | 9.03% | 0.11x | 1.93x | $-79.94 Million |
| 2017 | 0.23% | 1.10% | 0.12x | 1.78x | $-124.19 Million |
| 2018 | 1.01% | 4.26% | 0.12x | 1.95x | $-126.12 Million |
| 2019 | 0.43% | 1.04% | 0.12x | 3.35x | $-87.98 Million |
| 2020 | 3.40% | 11.25% | 0.12x | 2.46x | $-94.44 Million |
| 2021 | 4.24% | 17.97% | 0.11x | 2.24x | $-142.99 Million |
| 2022 | 4.34% | 12.94% | 0.13x | 2.54x | $-135.16 Million |
| 2023 | 11.02% | 18.26% | 0.14x | 4.17x | $14.45 Million |
| 2024 | 10.36% | 14.48% | 0.14x | 4.98x | $3.92 Million |
| 2025 | 7.80% | 9.80% | 0.15x | 5.37x | $-20.82 Million |
Industry Comparison
This section compares National Storage Affiliates Trust's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $2,446,692,300
- Average return on equity (ROE) among peers: 5.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Storage Affiliates Trust (NSA) | $1.48 Billion | 0.00% | 2.41x | $3.37 Billion |
| Americold Realty Trust (COLD) | $3.63 Billion | -9.25% | 1.17x | $4.15 Billion |
| CubeSmart (CUBE) | $725.83 Million | -1.18% | 1.23x | $9.07 Billion |
| EastGroup Properties Inc (EGP) | $2.61 Billion | 7.69% | 0.73x | $10.68 Billion |
| Extra Space Storage Inc (EXR) | $946.22 Million | 3.38% | 1.54x | $29.01 Billion |
| First Industrial Realty Trust Inc (FR) | $2.53 Billion | 14.19% | 0.96x | $8.14 Billion |
| Granite Real Estate Investment Trust (GRTUF) | $5.32 Billion | 24.62% | 0.61x | $3.66 Billion |
| Innovative Industrial Properties Inc (IIPR) | $264.29 Million | 2.64% | 0.06x | $1.43 Billion |
| Industrial Logistics Properties Trust (ILPT) | $1.04 Billion | 11.53% | 0.84x | $518.66 Million |
| Lineage, Inc. Common Stock (LINE) | $5.28 Billion | -2.91% | 2.11x | $8.79 Billion |
| LXP Industrial Trust (LXP) | $2.12 Billion | 2.10% | 0.81x | $3.10 Billion |
About National Storage Affiliates Trust
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. As of March 31, 2026, the Company held ownership interests in and operated 1,061 self storage properties… Read more