National Storage Affiliates Trust share price

National Storage Affiliates Trust's share price was $43.41 at the close on 21 July 2026. It has been rising for 7 weeks. That is 20.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between $28 and $46, and at that close it sat 86% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today National Storage Affiliates Trust is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 3 weeks running.

Over the last 10 years the share price moved +93% while the S&P 500 moved +247%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 2 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

National Storage Affiliates Trust paid $2.28 per share over the last four reported quarters. The most recent declaration was $0.57 for Mar 2026. At today's price of $43.41 that is a yield of 5.25%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

National Storage Affiliates Trust is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

National Storage Affiliates Trust earned $15.7 M of net profit in the Jun 2026 quarter, +9.4% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY25 profit was $53.3 M. Over 4 years profit has grown −12.8% a year on average. That is 8.3% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned $14.3 M.

For the full year, FY25 profit was $53.3 M (−41.5% on the year before).

Why profit moved: revenue changed +1.9% on a year earlier and the margin moved +3.5 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +30.1% and revenue +1.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit.

National Storage Affiliates Trust reported $188 M of revenue in the Jun 2026 quarter, +1.9% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 4 years it has grown 6.0% a year on average. The last full year, FY25, came in at $746 M.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $753 M.

FY25 revenue was $746 M, −1.1% on the year before.

Recent pace: the last four quarters grew +1.6% on average, against 6.0% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +1.6%, against −4.1% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +25.2%, against −37.9% a year (accelerating).

National Storage Affiliates Trust's operating margin was 38.1% in the Jun 2026 quarter, 3.5 percentage points higher than the same quarter a year ago. Across 5 years it has been between 35.5% and 39.5%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

Over the last 3 years, 406% of National Storage Affiliates Trust's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $339 M of operating cash against $53.3 M of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

National Storage Affiliates Trust does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

National Storage Affiliates Trust's P/E is 57.9×, near the high end of its own history: higher than 89% of past readings. Its usual P/E (the middle reading) is 40.8×, over 4.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.