12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $753M | $74M | 71.1% | 0.0% | — | $3.4B | $23M |
| 2024 | $770M | $112M | 72.5% | 0.0% | — | $3.4B | $50M |
| 2023 | $858M | $157M | 73.3% | 0.0% | — | $3.7B | $65M |
| 2022 | $802M | $104M | 73.7% | 0.0% | — | $3.6B | $35M |
| 2021 | $586M | $105M | 73.5% | 0.0% | — | $2.9B | $25M |
| 2020 | $432M | $49M | 71.4% | 0.0% | — | $1.9B | $19M |
| 2019 | $388M | $4M | 71.6% | 0.0% | — | $1.5B | $21M |
| 2018 | $331M | $14M | 68.6% | 30.7% | — | $1.3B | $13M |
| 2017 | $268M | $3M | 68.5% | 29.3% | — | $958M | $13M |
| 2016 | $199M | $18M | 67.4% | 29.0% | — | $879M | $13M |
| 2015 | — | $12M | — | — | — | $568M | $7M |
| 2014 | — | $0 | — | — | — | $598M | $9M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $185M | $18M | 71.9% | 0.0% | — | $3.4B | $28M |
| Dec '25 | $187M | $23M | 72.5% | 0.0% | — | $3.4B | $23M |
| Sep '25 | $189M | $18M | 70.7% | 0.0% | — | $3.4B | $26M |
| Jun '25 | $189M | $19M | 70.5% | 0.0% | — | $3.4B | $26M |
| Mar '25 | $188M | $13M | 70.7% | 0.0% | — | $3.4B | $19M |
| Dec '24 | $190M | $17M | 72.5% | 0.0% | — | $3.4B | $50M |
| Sep '24 | $194M | $19M | 72.8% | 0.0% | — | $3.4B | $70M |
| Jun '24 | $190M | $17M | 72.6% | 0.0% | — | $3.4B | $59M |
| Mar '24 | $196M | $59M | 72.1% | 0.0% | — | $3.3B | $64M |
| Dec '23 | $215M | $69M | 73.6% | 0.0% | — | $3.7B | $65M |
| Sep '23 | $219M | $29M | 73.3% | 0.0% | — | $3.8B | $59M |
| Jun '23 | $216M | $29M | 73.5% | 0.0% | — | $3.6B | $44M |
| Mar '23 | $208M | $29M | 72.8% | 0.0% | — | $3.6B | $44M |
| Dec '22 | $209M | $31M | 74.4% | 0.0% | — | $3.6B | $35M |
| Sep '22 | $207M | $22M | 73.3% | 0.0% | — | $3.5B | $33M |
| Jun '22 | $199M | $25M | 73.3% | 0.0% | — | $3.1B | $32M |
| Mar '22 | $187M | $25M | 73.6% | 0.0% | — | $3.0B | $27M |
| Dec '21 | $174M | $25M | 74.3% | 0.0% | — | $2.9B | $25M |
| Sep '21 | $151M | $30M | 73.8% | 0.0% | — | $2.1B | $69M |
| Jun '21 | $138M | $29M | 73.5% | 0.0% | — | $2.1B | $22M |
How the market has priced NSA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, National Storage Affiliates Trust's revenue has grown 11.7% per year, and net income grown 8.7% per year. These are computed facts, not advice.
As of FY2025, National Storage Affiliates Trust reported $3.4B of total debt against $23M of cash.
In FY2025, gross margin was 71.1%, operating margin —, and net margin 9.8%.
As of Jun '26, National Storage Affiliates Trust traded at a price-to-earnings ratio of about 46.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.