Meritage Portfolio Management Increases Stake in National Storage Affiliates Trust by 22.8%

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National Storage Affiliates ($NYSE:NSA) Trust (NSA) is a real estate investment trust (REIT) that focuses on self-storage properties in the United States. Recently, Meritage Portfolio Management, a private equity fund, increased its ownership of National Storage Affiliates Trust shares by 22.8% during the first quarter. This move further solidifies the confidence in the company and its long-term growth potential.

The increased stake in NSA indicates that Meritage sees a bright future for the company and is willing to commit additional capital to it. With the added backing of a private equity firm, as well as the steady stock performance over the last few years, NSA shares look poised for continued growth.

Analysis

GoodWhale has examined the fundamentals of NATIONAL STORAGE AFFILIATES TRUST and found that it is strong in asset, dividend, growth, and profitability, as shown by its Star Chart. It is classified as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This makes it attractive to investors seeking passive income or looking for a safe investment option. The company also has an intermediate health score of 5/10, taking into consideration its cashflow and debt. This implies that the company is likely to be able to pay off its debt and fund future operations. As such, it may be a viable option for investors who are looking for a safer, more conservative option. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for NSA. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NSA. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NSA. More…

Key Ratios Snapshot

Some of the financial key ratios for NSA are shown below. More…

Peers

All four companies are publicly traded real estate investment trusts (REITs) and are among the largest self-storage providers in the United States. National Storage Affiliates Trust is the second-largest self-storage REIT by market capitalization, behind Extra Space Storage Inc.

– Extra Space Storage Inc ($NYSE:EXR)

Extra Space Storage Inc is a real estate investment trust that owns and operates self-storage properties. As of December 31, 2020, the company owned and operated 1,891 self-storage properties in 42 states; Washington, D.C.; and Puerto Rico. It has a market cap of 22.22B as of 2022.

– Public Storage ($NYSE:PSA)

Public Storage is a self-storage company that has a market cap of 51.38B as of 2022. The company has over 2,200 locations in the United States and Europe.

– CubeSmart ($NYSE:CUBE)

CubeSmart is a self-storage real estate investment trust. The company invests in self-storage properties and operates them under the CubeSmart brand. As of December 31, 2020, the company owned 1,444 self-storage properties in 38 states, Washington, D.C., and Puerto Rico.

Summary

National Storage Affiliates Trust (NSAT) has seen increased investment activity recently, as Meritage Portfolio Management raised its stake in NSAT by 22.8%. This suggests that there is strong confidence in the stock’s performance and outlook. NSAT has seen an increase in overall trading volume, as well as a rise in stock price.

Analysts have noted that the company has strong fundamentals, including a diversified portfolio of self-storage properties, solid revenue growth, and steady cash flows. NSAT is a promising investment opportunity with its attractive dividend yield and diversified portfolio, making it an attractive choice for investors.