National Storage Affiliates Trust (NSA) Operating Leases (2019 - 2026)
National Storage Affiliates Trust's (NSA) quarterly Operating Leases came in at $22.3 million in Q1 2026, down 1.51% year-on-year from $22.7 million in Q1 2025, and down 1.33% on a QoQ basis from $22.6 million in Q4 2025.
National Storage Affiliates Trust (NSA) Operating Leases (2019 - 2026) Analysis & Trends
National Storage Affiliates Trust (NSA) has 8 years of Operating Leases data on file, last reported at $22.3 million in Q1 2026.
- On a quarterly basis, Operating Leases fell 1.51% year-over-year to $22.3 million in Q1 2026; TTM through Mar 2026 was $22.3 million, a 1.51% decrease from a year earlier, with the FY2025 full-year figure at $22.6 million, down 1.17% from the prior year.
- Operating Leases for Q1 2026 stood at $22.3 million, down from $22.6 million in the prior quarter.
- Over the last five years, Operating Leases for NSA reached as high as $25.7 million in Q4 2022 and fell as low as $22.3 million in Q1 2026.
- Historically, Operating Leases has averaged $23.7 million across 5 years, with a median of $23.6 million in 2022.
- Across the five-year window, Operating Leases grew 7.48% in 2023 and decreased 6.38% in 2024, its largest moves.
- Year by year, Operating Leases stood at $25.7 million in 2022, then decreased by 6.01% to $24.2 million in 2023, then dropped by 5.4% to $22.9 million in 2024, then fell by 1.17% to $22.6 million in 2025, then slipped by 1.33% to $22.3 million in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $22.3 million in Q1 2026, $22.6 million in Q4 2025, and $22.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Prologis | 135.83 Bn | 135.83 Bn | 2.24 Bn |
| 2 | Public Storage | 57.29 Bn | 57.16 Bn | 1.18 Bn |
| 3 | Extra Space Storage | 31.50 Bn | 31.50 Bn | 617.72 Mn |
| 4 | Eastgroup Properties | 11.39 Bn | 11.39 Bn | 193.10 Mn |
| 5 | CubeSmart | 9.65 Bn | 9.65 Bn | 191.86 Mn |
| 6 | Lineage | 9.54 Bn | 9.48 Bn | 417.00 Mn |
| 7 | Rexford Industrial Realty | 8.92 Bn | 8.87 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 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 22.32 Mn |
| Dec 31, 2025 | 22.62 Mn |
| Sep 30, 2025 | 22.39 Mn |
| Jun 30, 2025 | 22.68 Mn |
| Mar 31, 2025 | 22.66 Mn |
| Dec 31, 2024 | 22.89 Mn |
| Sep 30, 2024 | 23.49 Mn |
| Jun 30, 2024 | 23.73 Mn |
| Mar 31, 2024 | 24.01 Mn |
| Dec 31, 2023 | 24.20 Mn |
| Sep 30, 2023 | 25.10 Mn |
| Jun 30, 2023 | 25.31 Mn |
| Mar 31, 2023 | 25.53 Mn |
| Dec 31, 2022 | 25.74 Mn |
| Sep 30, 2022 | 23.36 Mn |
| Jun 30, 2022 | 23.56 Mn |
| Mar 31, 2022 | 23.75 Mn |
| Dec 31, 2021 | 23.98 Mn |
| Sep 30, 2021 | 24.18 Mn |
| Jun 30, 2021 | 24.38 Mn |