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
DateValue
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%