National Storage Affiliates Trust (NSA-PB) Net Margin (2014 - 2026)
National Storage Affiliates Trust (NSA-PB) reported Net Margin of 6.81% for Q1 2026, up 263.0% year-over-year from 1.88% in Q1 2025, and down 28.34% quarter-over-quarter from 9.5% in Q4 2025.
National Storage Affiliates Trust (NSA-PB) Net Margin (2014 - 2026) Analysis & Trends
National Storage Affiliates Trust (NSA-PB) has 13 years of Net Margin data on file, last reported at 6.81% in Q1 2026.
- Net Margin for Q1 2026 came in at 6.81%, up 263.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 7.74% (up 184.0% YoY), and the FY2025 annual result was 7.08%, down 474.0% from the prior year.
- Net Margin retreated to 6.81% in Q1 2026 per NSA-PB's latest filing, from 9.5% in the prior quarter.
- Over five years, Net Margin peaked at 29.67% in Q4 2023 and troughed at 4.18% in Q1 2025.
- A 5-year average of 11.24% and a median of 9.5% in 2025 frame the typical range for Net Margin.
- The sharpest annual moves came in 2023 and 2024: Net Margin surged 1631 bps in 2023, then tumbled 2356 bps in 2024.
- A 5-year view of Net Margin shows it stood at 13.36% in 2022, then surged by 122 bps to 29.67% in 2023, then tumbled by 79 bps to 6.11% in 2024, then jumped by 56 bps to 9.5% in 2025, then fell by 28 bps to 6.81% in 2026.
- Business Quant data shows NSA-PB's Net Margin at 6.81% in Q1 2026, 9.5% in Q4 2025, and 7.05% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 137.79 Bn | 141.12 Bn | 2.24 Bn | 62.07% |
| 2 | Public Storage | 57.19 Bn | 57.15 Bn | 1.18 Bn | 39.15% |
| 3 | Extra Space Storage | 31.69 Bn | 32.52 Bn | -204.61 Mn | 699.75% |
| 4 | Eastgroup Properties | 10.93 Bn | 10.93 Bn | 190.03 Mn | 49.74% |
| 5 | Lineage | 10.07 Bn | 10.97 Bn | 417.00 Mn | -3.93% |
| 6 | CubeSmart | 9.54 Bn | 9.57 Bn | 191.86 Mn | -0.18% |
| 7 | Rexford Industrial Realty | 7.99 Bn | 8.37 Bn | - | - |
| 8 | STAG Industrial | 7.40 Bn | 7.47 Bn | - | 27.64% |
| 9 | Terreno Realty | 7.04 Bn | 7.04 Bn | - | 55.54% |
| 10 | National Storage Affiliates Trust | - | - | 133.37 Mn | 6.81% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.81% |
| Dec 31, 2025 | 9.50% |
| Sep 30, 2025 | 7.05% |
| Jun 30, 2025 | 7.60% |
| Mar 31, 2025 | 4.18% |
| Dec 31, 2024 | 6.11% |
| Sep 30, 2024 | 7.02% |
| Jun 30, 2024 | 6.28% |
| Mar 31, 2024 | 27.49% |
| Dec 31, 2023 | 29.67% |
| Sep 30, 2023 | 11.01% |
| Jun 30, 2023 | 11.29% |
| Mar 31, 2023 | 12.02% |
| Dec 31, 2022 | 13.36% |
| Sep 30, 2022 | 9.11% |
| Jun 30, 2022 | 10.89% |
| Mar 31, 2022 | 11.73% |
| Dec 31, 2021 | 12.79% |
| Sep 30, 2021 | 17.86% |
| Jun 30, 2021 | 18.40% |