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

NSA POWR Grades

• NSA scores best on the Growth dimension, with a Growth rank ahead of 92.96% of US stocks.
• The strongest trend for NSA is in Momentum, which has been heading up over the past 179 days.
• NSA's current lowest rank is in the Value metric (where it is better than 14.8% of US stocks).

NSA Stock Summary

• NSA's current price/earnings ratio is 63.75, which is higher than 88.67% of US stocks 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 10.23% 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 94.19% of US stocks.
• Stocks that are quantitatively similar to NSA, based on their financial statements, market capitalization, and price volatility, are RRR, ESRT, LAZY, QSR, and EZPW.
• NSA's SEC filings can be seen here. And to visit National Storage Affiliates Trust's official 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 year over year net income to common stockholders growth rate is now at 604.31%.
• Its 3 year cash and equivalents growth rate is now at 70.71%.
• Its 3 year revenue growth rate is now at 137.46%.

NSA's revenue has moved up $240,696,000 over the prior 34 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
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
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

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.