National Storage Affiliates Trust (NSA) Earnings History
Annual and quarterly earnings data from 2012 to 2025
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EPS Growth Rates (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.
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 March 1, 2026, National Storage Affiliates Trust (NSA) reported trailing twelve-month net income of $74M, reflecting -0.4% year-over-year growth. The company earned $0.96 per diluted share over the past four quarters, with a net profit margin of 0.1%.
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 0.5%, operating margin of 0.4%, and net margin of 0.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including PSA ($1.89B net income, 0.4% margin), EXR ($953M net income, 0.3% margin), CUBE ($357M net income, 0.4% margin), NSA has room to improve margins relative to the peer group. Compare NSA vs PSA →
Peer Comparison
Earnings metrics vs industry competitors
| Company | TTM Net Income | TTM EPS | Net Margin | ROE | YoY Growth | Compare |
|---|---|---|---|---|---|---|
NSACurrent | $74M | $0.96 | 0.1% | 0.0% | -0.4% | — |
PSA | $1.9B | $10.76 | 0.4% | 0.2% | -0.2% | |
EXR | $953M | $4.50 | 0.3% | 0.1% | -0.1% | |
CUBE | $357M | $1.56 | 0.4% | 0.1% | -0.1% | |
SELF | $2M | $0.16 | 0.2% | 0.0% | -0.3% |
Historical Data
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% | - |
| 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 ComparisonFrequently Asked Questions
Is NSA growing earnings?
NSA EPS of $0.96 reflects slowing growth at -0.4%, below the 5-year CAGR of +5.7%. TTM net income is $74M. Expansion rate has moderated.
What are NSA's profit margins?
National Storage Affiliates Trust net margin is +0.1%, with operating margin at +0.4%. Below-average margins reflect competitive or cost pressures.
How consistent are NSA's earnings?
NSA earnings data spans 2012-2025. The current earnings trend is -0.4% YoY. Historical data enables comparison across business cycles.