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

NSA POWR Grades

• Momentum is the dimension where NSA ranks best; there it ranks ahead of 84.32% of US stocks.
• The strongest trend for NSA is in Sentiment, which has been heading up over the past 163 days.
• NSA ranks lowest in Value; there it ranks in the 4th percentile.

NSA Stock Summary

• With a price/earnings ratio of 64.2, National Storage Affiliates Trust P/E ratio is greater than that of about 89.01% of stocks in our set with positive earnings.
• Of note is the ratio of National Storage Affiliates Trust's sales and general administrative expense to its total operating expenses; merely 12.16% of US stocks have a lower such ratio.
• For NSA, its debt to operating expenses ratio is greater than that reported by 92.45% of US equities we're observing.
• If you're looking for stocks that are quantitatively similar to National Storage Affiliates Trust, a group of peers worth examining would be RRR, ESRT, QSR, RH, and RPRX.
• 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 price/sales ratio is 10.7; this is 64.62% higher than that of the median Real Estate stock.
• NSA's EV/EBIT ratio has moved up 11.9 over the prior 77 months.
• Over the past 77 months, NSA's EV/EBIT ratio has gone up 11.9.

Below are key valuation metrics over time for NSA.

NSA Growth Metrics

Its 2 year price growth rate is now at 9.65%.
• The 2 year net income to common stockholders growth rate now stands at -223.53%.
• Its 4 year net income to common stockholders growth rate is now at -167.27%.

Over the past 15 months, NSA's revenue has gone up $115,646,000.

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
2021-09-30	526.19	291.66	84.73
2021-06-30	484.821	259.23	67.994
2021-03-31	450.992	234.039	49.7
2020-12-31	432.222	220.654	35.512
2020-09-30	418.681	214.215	30.55
2020-06-30	410.544	208.859	8.206

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.