NSA (National Storage Affiliates Trust) Book Value per Share: $7.38 (As of Mar. 2026)


NSA National Storage Affiliates Trust NSA
81 GF Score
Price $46.04
GF Value $40.55
Valuation Modestly Overvalued
! 11 Warning Signs
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What is National Storage Affiliates Trust Book Value per Share?

National Storage Affiliates Trust NSA +1.84% 81 Book Value per Share is $7.38 as of Mar. 2026. GuruFocus rates NSA with a GF Score™ of 81/100 and a GF Value™ of $40.55 (Modestly Overvalued). The stock has 11 warning signs investors should review.

National Storage Affiliates Trust's book value per share for the quarter that ended in Mar. 2026 was $7.38.

During the past 12 months, National Storage Affiliates Trust's average Book Value Per Share Growth Rate was -18.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -20.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -9.20% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -1.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of National Storage Affiliates Trust was 10.40% per year. The lowest was -20.90% per year. And the median was 1.75% per year.

National Storage Affiliates Trust's current price is $46.04. Its book value per share for the quarter that ended in Mar. 2026 was $7.38. Hence, today's PB Ratio of National Storage Affiliates Trust is 6.24.

During the past 13 years, the highest P/B Ratio of National Storage Affiliates Trust was 6.24. The lowest was 1.58. And the median was 2.87.

Warning Sign:

National Storage Affiliates Trust stock PB Ratio (=6.24) is close to 10-year high of 6.24.


National Storage Affiliates Trust  (NYSE:NSA) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


National Storage Affiliates Trust Book Value per Share Related Terms


National Storage Affiliates Trust Book Value per Share Historical Data

* Premium members only.

The historical data trend for National Storage Affiliates Trust's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National Storage Affiliates Trust Book Value per Share Chart

National Storage Affiliates Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.07 15.84 13.14 9.63 7.85

National Storage Affiliates Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.07 8.64 8.21 7.85 7.38

NSA vs LXP, COLD, SMA: Book Value per Share Comparison

For the REIT - Industrial subindustry, National Storage Affiliates Trust's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


National Storage Affiliates Trust PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, National Storage Affiliates Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where National Storage Affiliates Trust's PB Ratio falls into.


NSA
81GF Score
National Storage Affiliates Trust NSA
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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National Storage Affiliates Trust Book Value per Share Calculation

National Storage Affiliates Trust's Book Value Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(946.0-341.1)/77.1
=7.85

National Storage Affiliates Trust's Book Value Per Share for the quarter that ended in Mar. 2026 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(912.8-343.5)/77.1
=7.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of $7.38 mean?
National Storage Affiliates Trust (NSA) has a Book Value per Share of $7.38 as of Mar. 2026. Book value per share gives the per-share value of a company's stockholder equity. View historical data on National Storage Affiliates Trust and its competitors.
Is National Storage Affiliates Trust's Book Value per Share too high?
National Storage Affiliates Trust's current Book Value per Share is $7.38. Overall, National Storage Affiliates Trust has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Storage Affiliates Trust's Book Value per Share compare to LXP and COLD?
National Storage Affiliates Trust's Book Value per Share of $7.38 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for a REITs company?
A good Book Value per Share depends on the REITs industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on National Storage Affiliates Trust and its competitors. National Storage Affiliates Trust's current Book Value per Share is $7.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Storage Affiliates Trust stock overvalued right now?
Based on GuruFocus' analysis, National Storage Affiliates Trust (NSA) is currently considered Modestly Overvalued. The stock's GF Value™ is $40.55, compared to a current price of $46.04 — trading 13.5% above its estimated fair value. The current Book Value per Share is $7.38. National Storage Affiliates Trust's overall GF Score™ is 81/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For National Storage Affiliates Trust (NSA), the current Book Value per Share is $7.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Storage Affiliates Trust (NSA) Overvalued in 2026?

Based on GuruFocus' analysis, National Storage Affiliates Trust stock appears to be overvalued. The current stock price of $46.04 is trading 13.5% above its estimated GF Value™ of $40.55. GuruFocus considers National Storage Affiliates Trust to be Modestly Overvalued.

Key valuation signals for NSA:

  • Book Value per Share: $7.38
  • GF Value™: $40.55 vs. price of $46.04 (13.5% above fair value)
  • GF Score™: 81/100 with 11 warning signs

No single metric tells the full story. See the NSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National Storage Affiliates Trust Business Description

Industry Real EstateREITs
Other Exchanges NSApA.PFD:USANSAT34:Brazil
Address 8400 East Prentice Avenue, 9th Floor, Greenwood Village, CO, USA, 80111
National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. With the help of property management platform, the company manages and controls the day-to-day operations and affairs of consolidated properties and unconsolidated real estate ventures under the iStorage, SecurCare, RightSpace, Northwest and Move It brands.
81GF Score

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Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.04
Price
$40.55
GF Value