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| Date | Value |
|---|---|
| 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% |