National Storage Affiliates reports strong Q3 FFO of $0.72 per share

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National Storage Affiliates ($NYSE:NSA) is a real estate investment trust that focuses on the self-storage industry. The company announced their Q3 financial results in a press release, reporting strong FFO of $0.72 per share and revenue of $140.7 million. The company’s strong Q3 results are a continuation of this trend and bode well for the future.

Earnings

National Storage Affiliates Trust reported strong fiscal year 2022 second quarter results with total revenue of $13.2 million and funds from operations of $0.72 per share. NSAT’s CEO, Arlen Nordhagen, commented on the quarter’s results, saying “I am very pleased with our strong performance in the second quarter, which was driven by our team’s execution of our business plan and our ability to capitalize on favorable market conditions.” Looking ahead, Nordhagen said the company remains focused on executing its growth strategy and delivering value to shareholders. “We are well positioned to continue producing strong results and creating shareholder value as we execute our growth plans,” he said.

Stock Price

National Storage Affiliates Trust, a real estate investment trust focused on the self-storage industry, reported strong third-quarter results on Wednesday. National Storage Affiliates Trust attributed the strong results to continued operational execution and favorable market conditions.

VI Analysis

NATIONAL STORAGE AFFILIATES TRUST is a real estate investment trust focused on the acquisition, ownership and operation of self storage properties located within the United States. The company’s fundamentals reflect its long term potential, with a strong balance sheet and a healthy financial position. However, there are two risk warnings in the balance sheet and financial journal which investors should be aware of. Overall, NATIONAL STORAGE AFFILIATES TRUST is a medium risk investment in terms of financial and business aspects.

VI 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 is a publicly traded real estate investment trust focused on the ownership, operation and acquisition of self storage properties located throughout the United States. Investors may be attracted to National Storage Affiliates Trust for several reasons.

First, the company has a strong track record of growth. Second, the company is well-positioned to benefit from the growing self storage industry. Third, National Storage Affiliates Trust has a disciplined approach to acquisitions, which has helped the company build a high-quality portfolio of properties. Fourth, National Storage Affiliates Trust has a strong balance sheet. Finally, National Storage Affiliates Trust pays an attractive dividend yield.