National Storage Affiliates Trust (NSA) FCF Margin (2014 - 2026)

National Storage Affiliates Trust (NSA) 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) FCF Margin (2014 - 2026) Analysis & Trends

National Storage Affiliates Trust (NSA) 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'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'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 3.52 Bn 4.08 Bn 133.37 Mn 41.50%

Historic Data

Download Data
DateValue
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%