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

National Storage Affiliates Trust's (NSA) quarterly FCF Margin came in at 41.57% in Q1 2026, down 384.0% year-on-year from 14.64% in Q1 2025, and down 19.24% on a QoQ basis 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 41.57% in Q1 2026.

  • On a quarterly basis, FCF Margin fell 384.0% year-over-year to 41.57% in Q1 2026; TTM through Mar 2026 was 43.93%, a 232.0% decrease from a year earlier, with the FY2025 full-year figure at 44.88%, down 200.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 41.57%, down from 51.48% in the prior quarter.
  • Over the last five years, FCF Margin for NSA reached as high as 66.74% in Q3 2023 and fell as low as 24.85% in Q4 2022.
  • Historically, FCF Margin has averaged 47.92% across 5 years, with a median of 46.6% in 2023.
  • Across the five-year window, FCF Margin surged 1867 bps in 2023 and tumbled 2614 bps in 2025, its largest moves.
  • Year by year, FCF Margin stood at 24.85% in 2022, then soared by 75 bps to 43.52% in 2023, then fell by 3 bps to 42.03% in 2024, then advanced by 22 bps to 51.48% in 2025, then decreased by 19 bps to 41.57% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 41.57% in Q1 2026, 51.48% in Q4 2025, and 40.52% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Prologis 135.90 Bn 135.90 Bn 2.24 Bn 14.90%
2 Public Storage 57.47 Bn 57.33 Bn 1.18 Bn 55.35%
3 Extra Space Storage 31.58 Bn 31.58 Bn 617.72 Mn 56.38%
4 Eastgroup Properties 11.39 Bn 11.39 Bn 193.10 Mn 90.98%
5 CubeSmart 9.67 Bn 9.67 Bn 191.86 Mn 49.11%
6 Lineage 9.54 Bn 9.48 Bn 417.00 Mn -4.24%
7 Rexford Industrial Realty 8.92 Bn 8.87 Bn - -
8 STAG Industrial 7.85 Bn 7.85 Bn - 33.95%
9 Terreno Realty 7.65 Bn 7.65 Bn - 41.22%
10 National Storage Affiliates Trust 3.35 Bn 3.91 Bn 133.37 Mn 41.57%

Historic Data

Download Data
DateValue
Mar 31, 2026 41.57%
Dec 31, 2025 51.48%
Sep 30, 2025 40.52%
Jun 30, 2025 42.18%
Mar 31, 2025 45.41%
Dec 31, 2024 42.03%
Sep 30, 2024 66.66%
Jun 30, 2024 30.53%
Mar 31, 2024 47.92%
Dec 31, 2023 43.52%
Sep 30, 2023 66.74%
Jun 30, 2023 46.60%
Mar 31, 2023 48.00%
Dec 31, 2022 24.85%
Sep 30, 2022 59.34%
Jun 30, 2022 58.73%
Mar 31, 2022 58.60%
Dec 31, 2021 37.76%
Sep 30, 2021 71.04%
Jun 30, 2021 52.58%