National Storage Affiliates Trust (NSA) Operating Margin (2014 - 2026)

National Storage Affiliates Trust (NSA) has 13 years of Operating Margin data on file, last reported at 10.17% in Q1 2026.

• On a quarterly basis, Operating Margin rose 359.0% year-over-year to 10.17% in Q1 2026; TTM through Mar 2026 was 9.01%, a 115.0% decrease from a year earlier, with the FY2025 full-year figure at 8.11%, down 296.0% from the prior year.
• Operating Margin for Q1 2026 stood at 10.17%, down from 10.94% in the prior quarter.
• Over the last five years, Operating Margin for NSA reached as high as 14.04% in Q4 2023 and fell as low as 6.59% in Q1 2025.
• Historically, Operating Margin has averaged 10.36% across 5 years, with a median of 10.38% in 2024.
• Across the five-year window, Operating Margin plunged 518 bps in 2022 and surged 491 bps in 2023, its largest moves.
• Year by year, Operating Margin stood at 13.38% in 2022, then increased by 5 bps to 14.04% in 2023, then dropped by 19 bps to 11.3% in 2024, then declined by 3 bps to 10.94% in 2025, then fell by 7 bps to 10.17% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 10.17% in Q1 2026, 10.94% in Q4 2025, and 8.25% in Q3 2025.