National Storage Affiliates Trust (NSA)

• Market cap: $2.8B
• 1 day: 3.44%
• 5 days: 3.71%
• 1 month: -5.45%
• 3 months: 1.38%
• 6 months: -14.77%
• Year to date: -2.03%
• 1 year: 3.39%
• 5 years: 29.38%
• 10 years: 181.85%
• Sector: Real Estate
• Industry: Industrial REIT

About: National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. With the help of property management platform, the company manages and controls the day-to-day operations and affairs of consolidated properties and unconsolidated real estate ventures under the iStorage, SecurCare, RightSpace, Northwest and Move It brands.

Employees: 1,466

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

112% more call options, than puts

Call options by funds: $1.28M | Put options by funds: $602K

14% more repeat investments, than reductions

Existing positions increased: 136 | Existing positions reduced: 119

9% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 33

0.27% more ownership

Funds ownership: 88.57% [Q3] → 88.84% (+0.27%) [Q4]

1% less funds holding

Funds holding: 345 [Q3] → 342 (-3) [Q4]

21% less capital invested

Capital invested by funds: $3.24B [Q3] → $2.57B (-$668M) [Q4]

67% less funds holding in top 10

Funds holding in top 10: 3 [Q3] → 1 (-2) [Q4]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $35 4% downside
• Avg. target: $38 4% upside
• High target: $41 12% upside

4 analyst ratings

• positive: 0 0%
• neutral: 3 75%
• negative: 1 25%

Mizuho Ravi Vaidya 100% 1-year accuracy 1 / 1 met price target	4% downside $35	Neutral Initiated	9 Apr 2025
Baird Wesley Golladay 0% 1-year accuracy 0 / 6 met price target	6% upside $39	Neutral Maintained	13 Mar 2025
Barclays Brendan Lynch 41% 1-year accuracy 12 / 29 met price target	12% upside $41	Equal-Weight Maintained	12 Mar 2025
Wells Fargo Eric Luebchow 35% 1-year accuracy 15 / 43 met price target	4% upside $38	Underweight Maintained	21 Feb 2025