National Storage Affiliates Trust (NSA-PA) Operating Expenses (2014 - 2026)
National Storage Affiliates Trust (NSA-PA) reported Operating Expenses of $114.5 million for Q1 2026, down 5.24% year-over-year from $120.8 million in Q1 2025, and down 0.53% quarter-over-quarter from $115.1 million in Q4 2025.
National Storage Affiliates Trust (NSA-PA) Operating Expenses (2014 - 2026) Analysis & Trends
National Storage Affiliates Trust (NSA-PA) has 13 years of Operating Expenses data on file, last reported at $114.5 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $114.5 million, down 5.24% year-over-year; the trailing twelve-month figure through Mar 2026 was $467.9 million (down 1.03% YoY), and the FY2025 annual result was $474.3 million, changed 0.23% from the prior year.
- Operating Expenses retreated to $114.5 million in Q1 2026 per NSA-PA's latest filing, from $115.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $136.4 million in Q3 2022 and troughed at $114.5 million in Q1 2026.
- A 5-year average of $123.3 million and a median of $121.2 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 54.92% in 2022, then declined 12.37% in 2024.
- A 5-year view of Operating Expenses shows it stood at $127.4 million in 2022, then climbed by 0.71% to $128.3 million in 2023, then retreated by 9.32% to $116.4 million in 2024, then decreased by 1.09% to $115.1 million in 2025, then retreated by 0.53% to $114.5 million in 2026.
- Business Quant data shows NSA-PA's Operating Expenses at $114.5 million in Q1 2026, $115.1 million in Q4 2025, and $117.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 137.79 Bn | 141.12 Bn | 2.24 Bn | -3.97 Bn |
| 2 | Public Storage | 57.19 Bn | 57.15 Bn | 1.18 Bn | 743.46 Mn |
| 3 | Extra Space Storage | 31.69 Bn | 32.52 Bn | -204.61 Mn | 488.47 Mn |
| 4 | Eastgroup Properties | 10.93 Bn | 10.93 Bn | 190.03 Mn | 113.86 Mn |
| 5 | Lineage | 10.07 Bn | 10.97 Bn | 417.00 Mn | 1.26 Bn |
| 6 | CubeSmart | 9.54 Bn | 9.57 Bn | 191.86 Mn | 168.70 Mn |
| 7 | Rexford Industrial Realty | 7.99 Bn | 8.37 Bn | - | 144.62 Mn |
| 8 | STAG Industrial | 7.40 Bn | 7.47 Bn | - | 140.20 Mn |
| 9 | Terreno Realty | 7.04 Bn | 7.04 Bn | - | 73.75 Mn |
| 10 | National Storage Affiliates Trust | - | - | 133.37 Mn | 114.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 114.50 Mn |
| Dec 31, 2025 | 115.11 Mn |
| Sep 30, 2025 | 117.79 Mn |
| Jun 30, 2025 | 120.54 Mn |
| Mar 31, 2025 | 120.84 Mn |
| Dec 31, 2024 | 116.38 Mn |
| Sep 30, 2024 | 117.13 Mn |
| Jun 30, 2024 | 118.48 Mn |
| Mar 31, 2024 | 121.19 Mn |
| Dec 31, 2023 | 128.35 Mn |
| Sep 30, 2023 | 133.66 Mn |
| Jun 30, 2023 | 131.42 Mn |
| Mar 31, 2023 | 127.94 Mn |
| Dec 31, 2022 | 127.44 Mn |
| Sep 30, 2022 | 136.42 Mn |
| Jun 30, 2022 | 126.31 Mn |
| Mar 31, 2022 | 121.87 Mn |
| Dec 31, 2021 | 110.85 Mn |
| Sep 30, 2021 | 92.45 Mn |
| Jun 30, 2021 | 85.47 Mn |