National Storage Affiliates Trust (NSA) Earnings History
Annual and quarterly earnings data from 2012 to 2025
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NSA EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
NSA Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 46.0% | 37.0% | 9.8% |
| 2024 | 72.5% | 38.6% | 14.5% |
| 2023 | 73.3% | 39.2% | 18.3% |
| 2022 | 73.7% | 36.1% | 12.9% |
| 2021 | 73.5% | 37.3% | 18.0% |
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National Storage Affiliates Trust (NSA) Earnings Overview
As of May 8, 2026, National Storage Affiliates Trust (NSA) reported trailing twelve-month net income of $89M, reflecting -40.7% year-over-year growth. The company earned $1.16 per diluted share over the past four quarters, with a net profit margin of 9.8%.
Looking at the long-term picture, NSA's 5-year EPS compound annual growth rate (CAGR) stands at +5.7%, showing solid earnings momentum. The company achieved its highest annual net income of $157M in fiscal 2023.
National Storage Affiliates Trust maintains positive profitability with a gross margin of 46.0%, operating margin of 37.0%, and net margin of 9.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including PSA ($1.90B net income, 37.0% margin), EXR ($974M net income, 28.8% margin), CUBE ($327M net income, 29.7% margin), NSA has room to improve margins relative to the peer group. Compare NSA vs PSA →
NSA Earnings vs Peers
Earnings metrics vs comparable public companies
NSA Historical Earnings Data (2012–2025)
14 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $74M | -33.8% | $279M | $0.70 | 9.8% | 37.0% |
| 2024 | $112M | -28.8% | $297M | $1.18 | 14.5% | 38.6% |
| 2023 | $157M | +51.0% | $337M | $1.48 | 18.3% | 39.2% |
| 2022 | $104M | -1.4% | $290M | $0.99 | 12.9% | 36.1% |
| 2021 | $105M | +116.5% | $218M | $1.09 | 18.0% | 37.3% |
| 2020 | $49M | +1120.4% | $0 | $0.53 | 11.2% | 0.0% |
| 2019 | $4M | -71.8% | $227M | $1.13 | 1.0% | 59.3% |
| 2018 | $14M | +376.5% | $102M | $0.26 | 4.3% | 30.7% |
| 2017 | $3M | -83.5% | $79M | $0.01 | 1.1% | 29.3% |
| 2016 | $18M | +44.4% | $58M | $0.31 | 9.0% | 29.0% |
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Start ComparisonNSA — Frequently Asked Questions
Quick answers to the most common questions about buying NSA stock.
Is NSA growing earnings?
NSA EPS fell to $1.16, with earnings declining -40.7%. This contrasts with the 5-year CAGR of +5.7%. TTM net income dropped to $89M.
What are NSA's profit margins?
National Storage Affiliates Trust net margin is +9.8%, with operating margin at +37.0%. Margins sit within typical range for the sector.
How consistent are NSA's earnings?
NSA earnings data spans 2012-2025. The declining earnings trend is -40.7% YoY. Historical data enables comparison across business cycles.