National Storage Affiliates Trust (NSA) Interest Coverage Ratio (2014 - 2026)
National Storage Affiliates Trust's (NSA) quarterly Interest Coverage Ratio came in at 0.48 in Q1 2026, up 56.74% year-on-year from 0.31 in Q1 2025, and down 5.67% on a QoQ basis from 0.51 in Q4 2025.
National Storage Affiliates Trust (NSA) Interest Coverage Ratio (2014 - 2026) Analysis & Trends
National Storage Affiliates Trust (NSA) has 13 years of Interest Coverage Ratio data on file, last reported at 0.48 in Q1 2026.
- On a quarterly basis, Interest Coverage Ratio rose 56.74% year-over-year to 0.48 in Q1 2026; TTM through Mar 2026 was 0.42, a 15.27% decrease from a year earlier, with the FY2025 full-year figure at 0.38, down 31.99% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 0.48, down from 0.51 in the prior quarter.
- Over the last five years, Interest Coverage Ratio for NSA reached as high as 0.79 in Q2 2022 and fell as low as 0.22 in Q4 2023.
- Historically, Interest Coverage Ratio has averaged 0.53 across 5 years, with a median of 0.53 in 2024.
- Across the five-year window, Interest Coverage Ratio plunged 63.75% in 2023 and soared 143.73% in 2024, its largest moves.
- Year by year, Interest Coverage Ratio stood at 0.62 in 2022, then plunged by 63.75% to 0.22 in 2023, then surged by 143.73% to 0.55 in 2024, then retreated by 6.75% to 0.51 in 2025, then dropped by 5.67% to 0.48 in 2026.
- Per Business Quant data, the three most recent Interest Coverage Ratio figures were 0.48 in Q1 2026, 0.51 in Q4 2025, and 0.38 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 135.80 Bn | 135.80 Bn | 2.24 Bn | 5.77 |
| 2 | Public Storage | 57.41 Bn | 57.27 Bn | 1.18 Bn | 5.14 |
| 3 | Extra Space Storage | 31.55 Bn | 31.55 Bn | 617.72 Mn | 2.28 |
| 4 | Eastgroup Properties | 11.39 Bn | 11.39 Bn | 193.10 Mn | 8.74 |
| 5 | CubeSmart | 9.67 Bn | 9.67 Bn | 191.86 Mn | 0.67 |
| 6 | Lineage | 9.54 Bn | 9.47 Bn | 417.00 Mn | 0.40 |
| 7 | Rexford Industrial Realty | 8.90 Bn | 8.85 Bn | - | - |
| 8 | STAG Industrial | 7.84 Bn | 7.84 Bn | - | - |
| 9 | Terreno Realty | 7.64 Bn | 7.64 Bn | - | - |
| 10 | National Storage Affiliates Trust | 3.35 Bn | 3.91 Bn | 133.37 Mn | 0.48 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.48 |
| Dec 31, 2025 | 0.51 |
| Sep 30, 2025 | 0.38 |
| Jun 30, 2025 | 0.31 |
| Mar 31, 2025 | 0.31 |
| Dec 31, 2024 | 0.55 |
| Sep 30, 2024 | 0.60 |
| Jun 30, 2024 | 0.53 |
| Mar 31, 2024 | 0.53 |
| Dec 31, 2023 | 0.22 |
| Sep 30, 2023 | 0.62 |
| Jun 30, 2023 | 0.68 |
| Mar 31, 2023 | 0.62 |
| Dec 31, 2022 | 0.62 |
| Sep 30, 2022 | 0.53 |
| Jun 30, 2022 | 0.79 |
| Mar 31, 2022 | 0.70 |
| Dec 31, 2021 | 0.92 |
| Sep 30, 2021 | 1.04 |
| Jun 30, 2021 | 0.93 |