National Storage Affiliates Trust Common Shares of Beneficial Interest (NSA): Price and Financial Metrics

NSA POWR Grades

• Growth is the dimension where NSA ranks best; there it ranks ahead of 77.81% of US stocks.
• NSA's strongest trending metric is Growth; it's been moving down over the last 177 days.
• NSA ranks lowest in Sentiment; there it ranks in the 10th percentile.

NSA Stock Summary

• With a one year PEG ratio of 239.1, NATIONAL STORAGE AFFILIATES TRUST is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 89.9% of US stocks.
• Of note is the ratio of NATIONAL STORAGE AFFILIATES TRUST's sales and general administrative expense to its total operating expenses; merely 8.2% of US stocks have a lower such ratio.
• The ratio of debt to operating expenses for NATIONAL STORAGE AFFILIATES TRUST is higher than it is for about 93.7% of US stocks.
• Stocks with similar financial metrics, market capitalization, and price volatility to NATIONAL STORAGE AFFILIATES TRUST are REG, CUBE, AHH, LSI, and TRTN.
• Visit NSA's SEC page to see the company's official filings. To visit the company's web site, go to www.nationalstorageaffiliates.com.

NSA Valuation Summary

• NSA's EV/EBIT ratio is 35.6; this is 29.93% higher than that of the median Real Estate stock.
• Over the past 93 months, NSA's price/sales ratio has gone up 0.7.

Below are key valuation metrics over time for NSA.

NSA Growth Metrics

Its 5 year net cashflow from operations growth rate is now at 111.33%.
• Its 3 year revenue growth rate is now at 88.38%.
• Its 2 year cash and equivalents growth rate is now at 28.48%.

NSA's revenue has moved up $467,995,000 over the prior 52 months.

The table below shows NSA's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2022-09-30	766.437	442.641	84.63
2022-06-30	710.507	414.133	92.749
2022-03-31	649.863	377.345	96.535
2021-12-31	585.671	331.349	92.149
2021-09-30	526.19	291.66	84.73
2021-06-30	484.821	259.23	67.994

NSA's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• NSA has a Quality Grade of C, ranking ahead of 38.09% of graded US stocks.
• NSA's asset turnover comes in at 0.135 -- ranking 136th of 444 Trading stocks.
• DHIL, AVB, and JHG are the stocks whose asset turnover ratios are most correlated with NSA.

The table below shows NSA's key quality metrics over time.