REIT - Industrial
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LINE vs NSA
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Industrial
LINE vs NSA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | REIT - Industrial | REIT - Industrial |
| Market Cap | $8.28B | $3.23B |
| Revenue (TTM) | $5.36B | $750M |
| Net Income (TTM) | $-100M | $89M |
| Gross Margin | 47.7% | 28.4% |
| Operating Margin | 3.4% | 28.2% |
| Forward P/E | — | 79.6x |
| Total Debt | $1.82B | $3.43B |
| Cash & Equiv. | $66M | $24M |
LINE vs NSA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 24 | May 26 | Return |
|---|---|---|---|
| Lineage, Inc. (LINE) | 100 | 41.5 | -58.5% |
| National Storage Af… (NSA) | 100 | 98.4 | -1.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LINE vs NSA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
LINE is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 2 yrs, beta 1.24, yield 6.5%
- Rev growth 0.3%, EPS growth 88.4%, 3Y rev CAGR 2.8%
- Lower volatility, beta 1.24, Low D/E 19.7%, current ratio 0.80x
NSA carries the broadest edge in this set and is the clearest fit for long-term compounding.
- 178.4% 10Y total return vs LINE's -50.4%
- Better valuation composite
- 11.9% margin vs LINE's -1.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 0.3% FFO/revenue growth vs NSA's -2.3% | |
| Value | Better valuation composite | |
| Quality / Margins | 11.9% margin vs LINE's -1.9% | |
| Stability / Safety | Beta 0.81 vs LINE's 1.24 | |
| Dividends | 6.5% yield, 2-year raise streak, vs NSA's 5.4% | |
| Momentum (1Y) | +16.9% vs LINE's -12.8% | |
| Efficiency (ROA) | 1.8% ROA vs LINE's -0.5%, ROIC 4.1% vs 1.4% |
LINE vs NSA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
LINE vs NSA — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — LINE and NSA each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
LINE is the larger business by revenue, generating $5.4B annually — 7.1x NSA's $750M. NSA is the more profitable business, keeping 11.9% of every revenue dollar as net income compared to LINE's -1.9%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $5.4B | $750M |
| EBITDAEarnings before interest/tax | $1.5B | $387M |
| Net IncomeAfter-tax profit | -$100M | $89M |
| Free Cash FlowCash after capex | $196M | $297M |
| Gross MarginGross profit ÷ Revenue | +47.7% | +28.4% |
| Operating MarginEBIT ÷ Revenue | +3.4% | +28.2% |
| Net MarginNet income ÷ Revenue | -1.9% | +11.9% |
| FCF MarginFCF ÷ Revenue | +3.7% | +39.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | -0.2% | -1.6% |
| EPS Growth (YoY)Latest quarter vs prior year | +108.5% | +60.0% |
Valuation Metrics
LINE leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, LINE's 8.7x EV/EBITDA is more attractive than NSA's 14.2x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $8.3B | $3.2B |
| Enterprise ValueMkt cap + debt − cash | $10.0B | $6.6B |
| Trailing P/EPrice ÷ TTM EPS | -84.88x | 59.85x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 79.62x |
| PEG RatioP/E ÷ EPS growth rate | — | 10.46x |
| EV / EBITDAEnterprise value multiple | 8.75x | 14.18x |
| Price / SalesMarket cap ÷ Revenue | 1.55x | 4.29x |
| Price / BookPrice ÷ Book value/share | 0.90x | 2.09x |
| Price / FCFMarket cap ÷ FCF | 42.27x | 10.78x |
Profitability & Efficiency
NSA leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
NSA delivers a 5.7% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-1 for LINE. LINE carries lower financial leverage with a 0.20x debt-to-equity ratio, signaling a more conservative balance sheet compared to NSA's 2.23x. On the Piotroski fundamental quality scale (0–9), NSA scores 5/9 vs LINE's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -1.1% | +5.7% |
| ROA (TTM)Return on assets | -0.5% | +1.8% |
| ROICReturn on invested capital | +1.4% | +4.1% |
| ROCEReturn on capital employed | +1.4% | +5.9% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.20x | 2.23x |
| Net DebtTotal debt minus cash | $1.8B | $3.4B |
| Cash & Equiv.Liquid assets | $66M | $24M |
| Total DebtShort + long-term debt | $1.8B | $3.4B |
| Interest CoverageEBIT ÷ Interest expense | 0.94x | 1.73x |
Total Returns (Dividends Reinvested)
NSA leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NSA five years ago would be worth $11,638 today (with dividends reinvested), compared to $4,958 for LINE. Over the past 12 months, NSA leads with a +16.9% total return vs LINE's -12.8%. The 3-year compound annual growth rate (CAGR) favors NSA at 8.6% vs LINE's -20.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +4.6% | +52.3% |
| 1-Year ReturnPast 12 months | -12.8% | +16.9% |
| 3-Year ReturnCumulative with dividends | -50.4% | +28.2% |
| 5-Year ReturnCumulative with dividends | -50.4% | +16.4% |
| 10-Year ReturnCumulative with dividends | -50.4% | +178.4% |
| CAGR (3Y)Annualised 3-year return | -20.9% | +8.6% |
Risk & Volatility
NSA leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
NSA is the less volatile stock with a 0.81 beta — it tends to amplify market swings less than LINE's 1.24 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NSA currently trades 95.2% from its 52-week high vs LINE's 74.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.24x | 0.81x |
| 52-Week HighHighest price in past year | $48.72 | $44.02 |
| 52-Week LowLowest price in past year | $31.33 | $27.43 |
| % of 52W HighCurrent price vs 52-week peak | +74.9% | +95.2% |
| RSI (14)Momentum oscillator 0–100 | 46.4 | 53.7 |
| Avg Volume (50D)Average daily shares traded | 988K | 1.8M |
Analyst Outlook
LINE leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates LINE as "Hold" and NSA as "Hold". Consensus price targets imply 6.3% upside for LINE (target: $39) vs -20.4% for NSA (target: $33). For income investors, LINE offers the higher dividend yield at 6.45% vs NSA's 5.45%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $38.80 | $33.33 |
| # AnalystsCovering analysts | 16 | 19 |
| Dividend YieldAnnual dividend ÷ price | +6.5% | +5.4% |
| Dividend StreakConsecutive years of raises | 2 | 2 |
| Dividend / ShareAnnual DPS | $2.36 | $2.28 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.1% | 0.0% |
NSA leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). LINE leads in 2 (Valuation Metrics, Analyst Outlook). 1 tied.
LINE vs NSA: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is LINE or NSA a better buy right now?
For growth investors, Lineage, Inc.
(LINE) is the stronger pick with 0. 3% revenue growth year-over-year, versus -2. 3% for National Storage Affiliates Trust (NSA). National Storage Affiliates Trust (NSA) offers the better valuation at 59. 9x trailing P/E (79. 6x forward), making it the more compelling value choice. Analysts rate Lineage, Inc. (LINE) a "Hold" — based on 16 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — LINE or NSA?
Over the past 5 years, National Storage Affiliates Trust (NSA) delivered a total return of +16.
4%, compared to -50. 4% for Lineage, Inc. (LINE). Over 10 years, the gap is even starker: NSA returned +178. 4% versus LINE's -50. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — LINE or NSA?
By beta (market sensitivity over 5 years), National Storage Affiliates Trust (NSA) is the lower-risk stock at 0.
81β versus Lineage, Inc. 's 1. 24β — meaning LINE is approximately 52% more volatile than NSA relative to the S&P 500. On balance sheet safety, Lineage, Inc. (LINE) carries a lower debt/equity ratio of 20% versus 2% for National Storage Affiliates Trust — giving it more financial flexibility in a downturn.
04Which is growing faster — LINE or NSA?
By revenue growth (latest reported year), Lineage, Inc.
(LINE) is pulling ahead at 0. 3% versus -2. 3% for National Storage Affiliates Trust (NSA). On earnings-per-share growth, the picture is similar: Lineage, Inc. grew EPS 88. 4% year-over-year, compared to -40. 7% for National Storage Affiliates Trust. Over a 3-year CAGR, LINE leads at 2. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — LINE or NSA?
National Storage Affiliates Trust (NSA) is the more profitable company, earning 9.
8% net margin versus -1. 9% for Lineage, Inc. — meaning it keeps 9. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NSA leads at 37. 0% versus 4. 7% for LINE. At the gross margin level — before operating expenses — NSA leads at 46. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is LINE or NSA more undervalued right now?
Analyst consensus price targets imply the most upside for LINE: 6.
3% to $38. 80.
07Which pays a better dividend — LINE or NSA?
All stocks in this comparison pay dividends.
Lineage, Inc. (LINE) offers the highest yield at 6. 5%, versus 5. 4% for National Storage Affiliates Trust (NSA).
08Is LINE or NSA better for a retirement portfolio?
For long-horizon retirement investors, National Storage Affiliates Trust (NSA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
81), 5. 4% yield, +178. 4% 10Y return). Both have compounded well over 10 years (NSA: +178. 4%, LINE: -50. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between LINE and NSA?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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