National Storage Affiliates Trust (NSA-PB) FCF Margin (2014 - 2026)
National Storage Affiliates Trust (NSA-PB) reported FCF Margin of 41.5% for Q1 2026, down 391.0% year-over-year from 14.26% in Q1 2025, and down 19.38% quarter-over-quarter from 51.48% in Q4 2025.
National Storage Affiliates Trust (NSA-PB) FCF Margin (2014 - 2026) Analysis & Trends
National Storage Affiliates Trust (NSA-PB) has 13 years of FCF Margin data on file, last reported at 41.5% in Q1 2026.
- FCF Margin for Q1 2026 came in at 41.5%, down 391.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 43.91% (down 85.0% YoY), and the FY2025 annual result was 44.88%, up 17.0% from the prior year.
- FCF Margin eased to 41.5% in Q1 2026 per NSA-PB's latest filing, from 51.48% in the prior quarter.
- Over five years, FCF Margin peaked at 68.91% in Q3 2022 and troughed at 36.07% in Q2 2025.
- A 5-year average of 48.59% and a median of 46.64% in 2025 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2024 and 2025: FCF Margin tumbled 1589 bps in 2024, then jumped 1229 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 44.91% in 2022, then climbed by 23 bps to 55.07% in 2023, then retreated by 29 bps to 39.18% in 2024, then soared by 31 bps to 51.48% in 2025, then fell by 19 bps to 41.5% in 2026.
- Business Quant data shows NSA-PB's FCF Margin at 41.5% in Q1 2026, 51.48% in Q4 2025, and 46.64% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 137.79 Bn | 141.12 Bn | 2.24 Bn | 58.44% |
| 2 | Public Storage | 57.19 Bn | 57.15 Bn | 1.18 Bn | 52.32% |
| 3 | Extra Space Storage | 31.69 Bn | 32.52 Bn | -204.61 Mn | 1,375.39% |
| 4 | Eastgroup Properties | 10.93 Bn | 10.93 Bn | 190.03 Mn | 51.00% |
| 5 | Lineage | 10.07 Bn | 10.97 Bn | 417.00 Mn | -4.24% |
| 6 | CubeSmart | 9.54 Bn | 9.57 Bn | 191.86 Mn | 49.11% |
| 7 | Rexford Industrial Realty | 7.99 Bn | 8.37 Bn | - | - |
| 8 | STAG Industrial | 7.40 Bn | 7.47 Bn | - | 48.42% |
| 9 | Terreno Realty | 7.04 Bn | 7.04 Bn | - | 38.51% |
| 10 | National Storage Affiliates Trust | - | - | 133.37 Mn | 41.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 41.50% |
| Dec 31, 2025 | 51.48% |
| Sep 30, 2025 | 46.64% |
| Jun 30, 2025 | 36.07% |
| Mar 31, 2025 | 45.41% |
| Dec 31, 2024 | 39.18% |
| Sep 30, 2024 | 48.07% |
| Jun 30, 2024 | 46.32% |
| Mar 31, 2024 | 45.18% |
| Dec 31, 2023 | 55.07% |
| Sep 30, 2023 | 55.39% |
| Jun 30, 2023 | 42.31% |
| Mar 31, 2023 | 52.44% |
| Dec 31, 2022 | 44.91% |
| Sep 30, 2022 | 68.91% |
| Jun 30, 2022 | 52.72% |
| Mar 31, 2022 | 54.41% |
| Dec 31, 2021 | 37.76% |
| Sep 30, 2021 | 71.04% |
| Jun 30, 2021 | 48.47% |