National Storage Affiliates Trust (NSA) Tax Rate (2016 - 2026)
National Storage Affiliates Trust's (NSA) quarterly Tax Rate came in at 1.7% in Q1 2026, down 373.0% year-on-year from 0.62% in Q1 2025, and down 35.17% on a QoQ basis from 2.62% in Q4 2025.
National Storage Affiliates Trust (NSA) Tax Rate (2016 - 2026) Analysis & Trends
National Storage Affiliates Trust (NSA) has 11 years of Tax Rate data on file, last reported at 1.7% in Q1 2026.
- On a quarterly basis, Tax Rate fell 373.0% year-over-year to 1.7% in Q1 2026; TTM through Mar 2026 was 1.94%, a 164.0% decrease from a year earlier, with the FY2025 full-year figure at 2.6%, up 58.0% from the prior year.
- Tax Rate for Q1 2026 stood at 1.7%, down from 2.62% in the prior quarter.
- Over the last five years, Tax Rate for NSA reached as high as 5.43% in Q1 2025 and fell as low as 1.18% in Q4 2023.
- Historically, Tax Rate has averaged 2.32% across 5 years, with a median of 2.02% in 2022.
- Across the five-year window, Tax Rate surged 653 bps in 2024 and slumped 373 bps in 2026, its largest moves.
- Year by year, Tax Rate stood at 2.02% in 2022, then tumbled by 159 bps to 1.18% in 2023, then soared by 552 bps to 5.35% in 2024, then plunged by 51 bps to 2.62% in 2025, then slumped by 35 bps to 1.7% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 1.7% in Q1 2026, 2.62% in Q4 2025, and 2.91% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Prologis | 135.42 Bn | 135.42 Bn | 2.24 Bn | 5.28% |
| 2 | Public Storage | 57.09 Bn | 56.95 Bn | 1.18 Bn | 0.30% |
| 3 | Extra Space Storage | 31.39 Bn | 31.39 Bn | 617.72 Mn | 4.36% |
| 4 | Eastgroup Properties | 11.38 Bn | 11.38 Bn | 193.10 Mn | - |
| 5 | CubeSmart | 9.61 Bn | 9.61 Bn | 191.86 Mn | - |
| 6 | Lineage | 9.55 Bn | 9.49 Bn | 417.00 Mn | -8.51% |
| 7 | Rexford Industrial Realty | 8.90 Bn | 8.85 Bn | - | - |
| 8 | STAG Industrial | 7.81 Bn | 7.81 Bn | - | - |
| 9 | Terreno Realty | 7.64 Bn | 7.64 Bn | - | - |
| 10 | National Storage Affiliates Trust | 3.35 Bn | 3.91 Bn | 133.37 Mn | 1.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.70% |
| Mar 31, 2026 | 1.70% |
| Mar 31, 2026 | 1.70% |
| Dec 31, 2025 | 2.62% |
| Dec 31, 2025 | 2.62% |
| Dec 31, 2025 | 2.62% |
| Sep 30, 2025 | 2.91% |
| Sep 30, 2025 | 2.91% |
| Sep 30, 2025 | 2.91% |
| Jun 30, 2025 | 0.39% |
| Jun 30, 2025 | 0.39% |
| Jun 30, 2025 | 0.39% |
| Mar 31, 2025 | 5.43% |
| Mar 31, 2025 | 5.43% |
| Mar 31, 2025 | 5.43% |
| Dec 31, 2024 | 5.35% |
| Dec 31, 2024 | 5.35% |
| Dec 31, 2024 | 5.35% |
| Sep 30, 2024 | 2.82% |
| Sep 30, 2024 | 2.82% |