National Storage Affiliates Tru
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 September 30, 2025, the Company held ownership interests in and operated 1,069 self-storage proper… Read more
National Storage Affiliates Tru (NSA-PB) - Net Assets
Latest net assets as of September 2025: $1.58 Billion USD
Based on the latest financial reports, National Storage Affiliates Tru (NSA-PB) has net assets worth $1.58 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.14 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.58 Billion |
| % of Total Assets | 30.77% |
| Annual Growth Rate | 5.37% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 36.74 |
National Storage Affiliates Tru - Net Assets Trend (2020–2024)
This chart illustrates how National Storage Affiliates Tru's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for National Storage Affiliates Tru (2020–2024)
The table below shows the annual net assets of National Storage Affiliates Tru from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 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 | -- |
Equity Component Analysis
This analysis shows how different components contribute to National Storage Affiliates Tru'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 27894800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $1.61 Billion | 149.32% |
| Total Equity | $1.08 Billion | 100.00% |
National Storage Affiliates Tru Competitors by Market Cap
The table below lists competitors of National Storage Affiliates Tru ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CompoSecure, Inc.
NYSE:CMPO
|
$1.63 Billion |
|
Xiamen Amoytop Biotech Co Ltd
SHG:688278
|
$1.64 Billion |
|
Guocheng Mining Co Ltd
SHE:000688
|
$1.64 Billion |
|
KEIHAN HOLDINGS CO. LTD.
F:59X
|
$1.64 Billion |
|
Poco Holding Co Ltd
SHE:300811
|
$1.63 Billion |
|
Inner Mongolia First Machinery Group Co Ltd
SHG:600967
|
$1.63 Billion |
|
Hebei Yangyuan ZhiHui Beverage Co Ltd
SHG:603156
|
$1.63 Billion |
|
Quaker Chemical Corporation
NYSE:KWR
|
$1.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in National Storage Affiliates Tru's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,422,188,000 to 1,075,980,000, a change of -346,208,000 (-24.3%).
- Net income of 111,518,000 contributed positively to equity growth.
- Dividend payments of 192,263,000 reduced retained earnings.
- Share repurchases of 284,699,000 reduced equity.
- Other factors increased equity by 19,236,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $111.52 Million | +10.36% |
| Dividends Paid | $192.26 Million | -17.87% |
| Share Repurchases | $284.70 Million | -26.46% |
| Other Changes | $19.24 Million | +1.79% |
| Total Change | $- | -24.34% |
Book Value vs Market Value Analysis
This analysis compares National Storage Affiliates Tru'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: 1.64x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $13.59 | $23.08 | x |
| 2021-12-31 | $19.47 | $23.08 | x |
| 2022-12-31 | $18.35 | $23.08 | x |
| 2023-12-31 | $17.28 | $23.08 | x |
| 2024-12-31 | $14.09 | $23.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently National Storage Affiliates Tru 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): 10.36%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.48%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 4.98x
- Recent ROE (10.36%) is above the historical average (7.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 5.02% | 11.25% | 0.12x | 3.63x | $-48.29 Million |
| 2021 | 5.93% | 17.97% | 0.11x | 3.13x | $-72.27 Million |
| 2022 | 6.29% | 12.94% | 0.13x | 3.68x | $-61.08 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 |
Industry Comparison
This section compares National Storage Affiliates Tru's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $8,215,186,800
- Average return on equity (ROE) among peers: 8.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| National Storage Affiliates Tru (NSA-PB) | $1.58 Billion | 5.02% | 2.25x | $1.63 Billion |
| Ascendas Real Estate Investment Trust (ACDSF) | $10.31 Billion | 7.41% | 0.77x | $9.40 Billion |
| BWP Trust (BUNNF) | $2.84 Billion | 9.35% | 0.32x | $1.54 Billion |
| Big Yellow Group Plc (BYLOF) | $1.45 Billion | 18.24% | 0.27x | $2.16 Billion |
| Fibra Terrafina (CBAOF) | $24.78 Billion | 3.83% | 0.61x | $1.16 Billion |
| ESR-REIT (CGIUF) | $1.66 Billion | 0.37% | 0.95x | $119.59 Million |
| Americold Realty Trust (COLD) | $706.75 Million | 6.79% | 2.58x | $3.22 Billion |
| CubeSmart (CUBE) | $2.95 Billion | 13.24% | 1.16x | $8.79 Billion |
| FIBRA Macquarie México (DBMBF) | $36.33 Billion | 10.92% | 0.46x | $1.13 Billion |
| DHAWF (DHAWF) | $549.25 Million | 4.93% | 1.21x | $146.66 Million |
| Dream Industrial Real Estate Investment Trust (DREUF) | $570.82 Million | 14.71% | 1.79x | $2.10 Billion |