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National Storage Affiliates Trust

NSA Real Estate Real Estate Investment Trusts
$43.41
▼ -1.7% Today
as of Sep 23, 15:22 ET
Open
$44.20
High
$44.17
Low
$43.06
Volume
$6M
Avg Vol
$6M
Mkt Cap
$3.4B
P/E (TTM)
83.52
Beta
—
52w High
$46.47
52w Low
$27.43
Div Yield
—
Shares Out
$77M

NSA earnings at a glance

The options market is pricing a move of about ±11.9% after the report, a range of roughly $38.22 to $48.60 from today's $43.41. Over its last 2 reports the stock rose the next day 2 times and fell 0, moving ±0.4% on average; after the most recent report on May 5, 2026 it moved +0.7%. That means options currently expect more movement than NSA has typically delivered. NSA beat the consensus EPS estimate in 1 of its last 3 reported quarters. Implied volatility is currently 51%. The share price of $43.41 sits near its 52-week high.

More Real Estate stocks · All stocks · Earnings calendar

Overview

52-week range
$27
$46
84% of range
Avg surprise (last 3)
-1.1%
Avg reaction (last 2)
+0.4%
100% positive
Latest IV / EM
51%
EM ±11.9% · $45 · Aug 21

Earnings trends

EPS — actual vs estimate Actual Estimate
$0.16$0.28$0.41$0.53$0.65 Actual $0.28Actual $0.26Actual $0.65Actual $0.16Actual $0.18Actual $0.54Est $0.56Actual $0.55Est $0.58Actual $0.17Actual $0.57Est $0.54 JunSepMarJunSepMar/2025Jun/2025SepMar/2026
Revenue vs Net Income Revenue Net income
$0$51M$102M$152M$203M Jun 24Sep 24Mar 25Jun 25Sep 25Mar 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Tue May 5, 2026Mar/2026 $0.57 $0.54 +5.6% +5.6% +0.7% earnings
Tue Sep 30, 2025Sep 2025 $0.17 — — — — financials
Mon Aug 4, 2025Jun/2025 $0.55 $0.58 -5.2% — — earnings
Mon May 5, 2025Mar/2025 $0.54 $0.56 -3.6% — +0.1% earnings
Mon Sep 30, 2024Sep 2024 $0.18 — — — — financials
Sun Jun 30, 2024Jun 2024 $0.16 — — — — financials
Sun Mar 31, 2024Mar 2024 $0.65 — — — — financials
Sat Sep 30, 2023Sep 2023 $0.26 — — — — financials
Fri Jun 30, 2023Jun 2023 $0.28 — — — — financials

Financials

Income statement (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue$185M—$189M$189M$188M—$194M$190M
Cost of revenue$52M—$55M$56M$55M—$53M$52M
Gross profit————————
Operating income————————
Net income$18M—$18M$19M$13M—$19M$17M
EPS (diluted)$0.16—$0.17$0.19$0.10—$0.18$0.16

Balance sheet (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Cash & equivalents$28M$23M$26M$26M$19M$50M$70M$59M
Inventory————————
Total current assets————————
Total assets$5.03B$5.08B$5.14B$5.18B$5.26B$5.35B$5.39B$5.32B
Long-term debt————————
Total liabilities$3.56B$3.55B$3.56B$3.54B$3.56B$3.59B$3.59B$3.50B
Total equity$913M$946M$973M$1.00B$1.03B$1.08B$987M$1.19B

Implied volatility — last 90 days

27%41%54%68%81% Jun 07 — IV 69% · EM ±9.5%Jun 08 — IV 73% · EM ±9.6%Jun 09 — IV 27% · EM ±3.4%Jun 10 — IV 51% · EM ±6.1%Jun 11 — IV 55% · EM ±6.1%Jun 19 — IV 30% · EM ±6.6%Jun 29 — IV 40% · EM ±7.1%Jun 30 — IV 42% · EM ±7.2%Jul 01 — IV 45% · EM ±7.5%Jul 02 — IV 40% · EM ±6.5%Jul 03 — IV 42% · EM ±6.5%Jul 06 — IV 53% · EM ±7.4%Jul 07 — IV 63% · EM ±8.3%Jul 08 — IV 52% · EM ±6.5%Jul 09 — IV 39% · EM ±4.6%Jul 10 — IV 36% · EM ±4.0%Jul 13 — IV 41% · EM ±3.4%Jul 14 — IV 82% · EM ±5.9%Jul 15 — IV 31% · EM ±1.8%Jul 16 — IV 71% · EM ±3.0%Jul 20 — IV 35% · EM ±8.3%Jul 21 — IV 51% · EM ±11.9%

Sector peers

NSA earnings FAQ

What is NSA's expected move for earnings?

Options currently price a move of about ±11.9%, or $5.19 per share either way from $43.41.

How does NSA stock usually react to earnings?

Across the last 2 reports the average next-day move was ±0.4%, up 2 times and down 0 times.

What is NSA's implied volatility?

NSA's at-the-money implied volatility is about 51% based on the latest options snapshot.

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