National Storage Affiliates Trust (NSA) Net Margin (2014 - 2026)
National Storage Affiliates Trust's (NSA) quarterly Net Margin came in at 6.81% in Q1 2026, up 263.0% year-on-year from 1.88% in Q1 2025, and down 28.34% on a QoQ basis from 9.5% in Q4 2025.
National Storage Affiliates Trust (NSA) Net Margin (2014 - 2026) Analysis & Trends
National Storage Affiliates Trust (NSA) has 13 years of Net Margin data on file, last reported at 6.81% in Q1 2026.
- On a quarterly basis, Net Margin rose 263.0% year-over-year to 6.81% in Q1 2026; TTM through Mar 2026 was 7.74%, a 184.0% increase from a year earlier, with the FY2025 full-year figure at 7.08%, down 474.0% from the prior year.
- Net Margin for Q1 2026 stood at 6.81%, down from 9.5% in the prior quarter.
- Over the last five years, Net Margin for NSA reached as high as 29.67% in Q4 2023 and fell as low as 4.18% in Q1 2025.
- Historically, Net Margin has averaged 11.24% across 5 years, with a median of 9.5% in 2025.
- Across the five-year window, Net Margin soared 1631 bps in 2023 and sank 2356 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 13.36% in 2022, then surged by 122 bps to 29.67% in 2023, then plunged by 79 bps to 6.11% in 2024, then jumped by 56 bps to 9.5% in 2025, then slipped by 28 bps to 6.81% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 6.81% in Q1 2026, 9.5% in Q4 2025, and 7.05% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 136.72 Bn | 136.72 Bn | 2.24 Bn | 62.07% |
| 2 | Public Storage | 56.92 Bn | 56.79 Bn | 1.18 Bn | 39.15% |
| 3 | Extra Space Storage | 31.35 Bn | 31.35 Bn | 617.72 Mn | 27.62% |
| 4 | Eastgroup Properties | 11.31 Bn | 11.31 Bn | 193.10 Mn | 39.06% |
| 5 | Lineage | 9.72 Bn | 9.65 Bn | 417.00 Mn | -3.93% |
| 6 | CubeSmart | 9.62 Bn | 9.62 Bn | 191.86 Mn | -0.18% |
| 7 | Rexford Industrial Realty | 8.86 Bn | 8.81 Bn | - | - |
| 8 | STAG Industrial | 7.76 Bn | 7.76 Bn | - | 27.64% |
| 9 | Terreno Realty | 7.66 Bn | 7.66 Bn | - | 55.54% |
| 10 | National Storage Affiliates Trust | 3.35 Bn | 3.91 Bn | 133.37 Mn | 6.81% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.81% |
| Dec 31, 2025 | 9.50% |
| Sep 30, 2025 | 7.05% |
| Jun 30, 2025 | 7.60% |
| Mar 31, 2025 | 4.18% |
| Dec 31, 2024 | 6.11% |
| Sep 30, 2024 | 7.02% |
| Jun 30, 2024 | 6.28% |
| Mar 31, 2024 | 27.49% |
| Dec 31, 2023 | 29.67% |
| Sep 30, 2023 | 11.01% |
| Jun 30, 2023 | 11.29% |
| Mar 31, 2023 | 12.02% |
| Dec 31, 2022 | 13.36% |
| Sep 30, 2022 | 9.11% |
| Jun 30, 2022 | 10.89% |
| Mar 31, 2022 | 11.73% |
| Dec 31, 2021 | 12.79% |
| Sep 30, 2021 | 17.86% |
| Jun 30, 2021 | 18.40% |