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
DateValue
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%