National Storage Affiliates Trust (NSA) FCF Payout Ratio (2014 - 2026)
National Storage Affiliates Trust's (NSA) quarterly FCF Payout Ratio came in at 0.43 in Q1 2026, down 15.69% year-on-year from 0.51 in Q1 2025, and down 44.19% on a QoQ basis from 0.77 in Q4 2025.
National Storage Affiliates Trust (NSA) FCF Payout Ratio (2014 - 2026) Analysis & Trends
National Storage Affiliates Trust (NSA) has 13 years of FCF Payout Ratio data on file, last reported at 0.43 in Q1 2026.
- On a quarterly basis, FCF Payout Ratio fell 15.69% year-over-year to 0.43 in Q1 2026; TTM through Mar 2026 was 0.59, a 4.64% increase from a year earlier, with the FY2025 full-year figure at 0.52, up 8.79% from the prior year.
- FCF Payout Ratio for Q1 2026 stood at 0.43, down from 0.77 in the prior quarter.
- Over the last five years, FCF Payout Ratio for NSA reached as high as 0.89 in Q4 2024 and fell as low as 0.32 in Q3 2023.
- Historically, FCF Payout Ratio has averaged 0.53 across 5 years, with a median of 0.49 in 2023.
- Across the five-year window, FCF Payout Ratio fell 29.64% in 2023 and soared 80.69% in 2024, its largest moves.
- Year by year, FCF Payout Ratio stood at 0.7 in 2022, then retreated by 29.64% to 0.49 in 2023, then surged by 80.69% to 0.89 in 2024, then fell by 13.32% to 0.77 in 2025, then sank by 44.19% to 0.43 in 2026.
- Per Business Quant data, the three most recent FCF Payout Ratio figures were 0.43 in Q1 2026, 0.77 in Q4 2025, and 0.57 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 136.72 Bn | 136.72 Bn | 2.24 Bn | 2.81 |
| 2 | Public Storage | 56.92 Bn | 56.79 Bn | 1.18 Bn | 0.85 |
| 3 | Extra Space Storage | 31.35 Bn | 31.35 Bn | 617.72 Mn | 0.71 |
| 4 | Eastgroup Properties | 11.31 Bn | 11.31 Bn | 193.10 Mn | 0.47 |
| 5 | Lineage | 9.72 Bn | 9.65 Bn | 417.00 Mn | -2.42 |
| 6 | CubeSmart | 9.62 Bn | 9.62 Bn | 191.86 Mn | 0.87 |
| 7 | Rexford Industrial Realty | 8.86 Bn | 8.81 Bn | - | 0.90 |
| 8 | STAG Industrial | 7.76 Bn | 7.76 Bn | - | 0.32 |
| 9 | Terreno Realty | 7.66 Bn | 7.66 Bn | - | 1.06 |
| 10 | National Storage Affiliates Trust | 3.35 Bn | 3.91 Bn | 133.37 Mn | 0.43 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.43 |
| Dec 31, 2025 | 0.77 |
| Sep 30, 2025 | 0.57 |
| Jun 30, 2025 | 0.55 |
| Mar 31, 2025 | 0.51 |
| Dec 31, 2024 | 0.89 |
| Sep 30, 2024 | 0.33 |
| Jun 30, 2024 | 0.72 |
| Mar 31, 2024 | 0.47 |
| Dec 31, 2023 | 0.49 |
| Sep 30, 2023 | 0.32 |
| Jun 30, 2023 | 0.49 |
| Mar 31, 2023 | 0.49 |
| Dec 31, 2022 | 0.70 |
| Sep 30, 2022 | 0.41 |
| Jun 30, 2022 | 0.43 |
| Mar 31, 2022 | 0.42 |
| Dec 31, 2021 | 0.62 |
| Sep 30, 2021 | 0.34 |
| Jun 30, 2021 | 0.40 |