NSA National Storage Affiliates Trust — QuoTrend

Analyst Ratings

Date	Action	Analyst	Rating	Target
May-18-26	Reiterated	UBS	Neutral	$29 → $42
Apr-20-26	Reiterated	Barclays	Equal Weight	$33 → $41
Mar-17-26	Upgrade	Evercore ISI Group	Underperform → In Line
Feb-05-26	Reiterated	Wells Fargo	Underweight	$52 → $33
Jan-26-26	Upgrade	Wolfe Research	Underperform → Peer Perform
Jan-20-26	Reiterated	Truist Financial		$30 → $33
Jan-13-26	Reiterated	Barclays	Equal Weight	$36 → $33
Jan-12-26	Reiterated	Mizuho Securities		$30 → $32
Jan-08-26	Reiterated	UBS	Neutral	$29
Dec-17-25	Reiterated	Truist Financial		$32 → $30

Financial Statements

DataTimeframe

Line Item (USD, M)		TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023	FY 2022 12/31/2022	FY 2021 12/31/2021	FY 2020 12/31/2020	FY 2019 12/31/2019	FY 2018 12/31/2018
Total Revenue		750	753	770	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A		496	407	212
Gross Profit		253	346	558
Selling, General and Administrative Excl. Other		51	51	58
Research and Development		0	0	0
Other Operating Expense		-80	16	203
Operating Income		282	279	297
Interest Expense		160	162	154
Unusual Expense		—	—	—
Non-Operating Income (Expense)		-5	-3	-44
Net Income Before Taxes		127	119	187
Income Taxes		2	3	4
Consolidated Net Income		78	74	112
Net Income From Continuing Operations		125	116	183
Net Income		78	74	112
EPS (Recurring)		0.76	0.70	1.18
EPS (Basic, Before Extraordinaries)		0.76	0.70	1.18
EPS (Diluted)		0.76	0.70	1.18
EBITDA		474	471	531
Other After Tax Adjustments		—	—	—
Stock Option Compensation Expense		—	—	—
Price To Earnings Ratio		58.49	40.30	—
Price To Sales Ratio		4.56	2.88	—
Gross Margin		33.73	45.95	72.47
Operating Margin		37.60	37.05	38.57
Net Margin		10.40	9.83	14.55
Shares Outstanding		77	77	77
Market Capitalization		3,423	2,172	—
Operating Lease Expense		—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
SCHALL MICHAEL J	Director	Mar 06 '25	Buy	38.54	4,000	154,160	6,000	Mar 10 12:00 AM
Nordhagen Arlen Dale	Vice Chairperson	Jul 01 '24	Buy	0.00	64,887	0	2,558,141	Jul 03 12:00 AM
Van Mourick Mark	Director	Jul 01 '24	Buy	0.00	209,333	0	470,775	Jul 03 12:00 AM
Meisinger Chad LeRoy	Director	Jun 07 '24	Buy	37.74	18,405	694,605	114,155	Jun 11 12:00 AM
Nordhagen Arlen Dale	Vice Chairperson	Dec 11 '23	Buy	36.50	6,500	237,250	4,027,726	Dec 13 12:00 AM
Nordhagen Arlen Dale	Vice Chairperson	Dec 05 '23	Buy	35.92	10,000	359,200	4,029,626	Dec 07 12:00 AM
FISCHER TAMARA D	Executive Chair	Nov 13 '23	Buy	29.68	608	18,045	18,000	Nov 14 12:00 AM
Nordhagen Arlen Dale	Vice Chair	May 26 '23	Buy	36.92	25,000	923,000	4,012,684	May 31 12:00 AM
Van Mourick Mark	Director	Feb 27 '23	Option Exercise	0.00	127,832	0	254,185	Mar 01 12:00 AM
Cramer David	President and COO	Feb 27 '23	Option Exercise	0.00	279,560	0	294,530	Mar 01 12:00 AM
Nordhagen Arlen Dale	Executive Chairman	Feb 27 '23	Option Exercise	0.00	611,175	0	2,486,750	Mar 01 12:00 AM
Nordhagen Arlen Dale	Executive Chairman	Dec 16 '22	Buy	36.76	33,500	1,231,315	4,098,351	Dec 19 12:00 AM
Meisinger Chad LeRoy	Director	Dec 13 '22	Buy	39.71	25,000	992,750	95,750	Dec 14 12:00 AM
Meisinger Chad LeRoy	Director	Dec 12 '22	Buy	38.61	30,000	1,158,300	70,750	Dec 14 12:00 AM
Warren J. Timothy	Director	Nov 07 '22	Buy	38.00	4,680	177,840	55,965	Nov 08 12:00 AM