National Storage Affiliates Trust (NSA-PB) Gross Margin (2017 - 2026)
National Storage Affiliates Trust (NSA-PB) reported Gross Margin of 71.93% for Q1 2026, down 2569.0% year-over-year from 2.91% in Q1 2025, and down 26.81% quarter-over-quarter from 98.28% in Q4 2025.
National Storage Affiliates Trust (NSA-PB) Gross Margin (2017 - 2026) Analysis & Trends
National Storage Affiliates Trust (NSA-PB) has 10 years of Gross Margin data on file, last reported at 71.93% in Q1 2026.
- Gross Margin for Q1 2026 came in at 71.93%, down 2569.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 77.84% (up 1218.0% YoY), and the FY2025 annual result was 97.84%, up 2534.0% from the prior year.
- Gross Margin fell to 71.93% in Q1 2026 per NSA-PB's latest filing, from 98.28% in the prior quarter.
- Over five years, Gross Margin peaked at 174.76% in Q4 2023 and troughed at 5.9% in Q4 2024.
- A 5-year average of 88.91% and a median of 73.63% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2024 and 2025: Gross Margin sank 18067 bps in 2024, then soared 10419 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 171.45% in 2022, then climbed by 2 bps to 174.76% in 2023, then sank by 103 bps to 5.9% in 2024, then jumped by 1765 bps to 98.28% in 2025, then decreased by 27 bps to 71.93% in 2026.
- Business Quant data shows NSA-PB's Gross Margin at 71.93% in Q1 2026, 98.28% in Q4 2025, and 70.67% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 137.79 Bn | 141.12 Bn | 2.24 Bn | 99.29% |
| 2 | Public Storage | 57.19 Bn | 57.15 Bn | 1.18 Bn | 97.19% |
| 3 | Extra Space Storage | 31.69 Bn | 32.52 Bn | -204.61 Mn | -607.24% |
| 4 | Eastgroup Properties | 10.93 Bn | 10.93 Bn | 190.03 Mn | 99.88% |
| 5 | Lineage | 10.07 Bn | 10.97 Bn | 417.00 Mn | 32.15% |
| 6 | CubeSmart | 9.54 Bn | 9.57 Bn | 191.86 Mn | 68.05% |
| 7 | Rexford Industrial Realty | 7.99 Bn | 8.37 Bn | - | - |
| 8 | STAG Industrial | 7.40 Bn | 7.47 Bn | - | - |
| 9 | Terreno Realty | 7.04 Bn | 7.04 Bn | - | - |
| 10 | National Storage Affiliates Trust | - | - | 133.37 Mn | 71.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 71.93% |
| Dec 31, 2025 | 98.28% |
| Sep 30, 2025 | 70.67% |
| Jun 30, 2025 | 70.54% |
| Mar 31, 2025 | 97.62% |
| Dec 31, 2024 | -5.90% |
| Sep 30, 2024 | 72.78% |
| Jun 30, 2024 | 98.23% |
| Mar 31, 2024 | 98.22% |
| Dec 31, 2023 | 174.76% |
| Sep 30, 2023 | 73.27% |
| Jun 30, 2023 | 73.51% |
| Mar 31, 2023 | 99.44% |
| Dec 31, 2022 | 171.45% |
| Sep 30, 2022 | 73.34% |
| Jun 30, 2022 | 99.74% |
| Mar 31, 2022 | 73.63% |
| Dec 31, 2021 | 74.34% |
| Sep 30, 2021 | 73.84% |
| Jun 30, 2021 | 99.78% |