A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for National Storage Affiliates Trust's Debt-to-EBITDA or its related term are showing as below:
NSA'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.88 Med: 6.79 Max: 8.42
Current: 7.23
During the past 13 years, the highest Debt-to-EBITDA Ratio of National Storage Affiliates Trust was 8.42. The lowest was 5.88. And the median was 6.79.
NSA's Debt-to-EBITDA is ranked worse than 56.48% of 579
companies
in the REITs industry
Industry Median: 6.49
vs NSA: 7.23
National Storage Affiliates Trust (NYSE:NSA) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
National Storage Affiliates Trust Debt-to-EBITDA Related Terms
National Storage Affiliates Trust Debt-to-EBITDA Historical Data
* 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 Debt-to-EBITDA Chart
For the REIT - Industrial subindustry, National Storage Affiliates Trust's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, National Storage Affiliates Trust's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where National Storage Affiliates Trust's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
National Storage Affiliates Trust (NSA) has a Debt-to-EBITDA of 7.57 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on National Storage Affiliates Trust. This is 11% above median its historical median of 6.79. Over the past decade, National Storage Affiliates Trust's Debt-to-EBITDA has ranged from 5.88 to 8.42. According to the industry distribution chart, National Storage Affiliates Trust ranks #327 out of 579 companies in the REITs industry, placing it in the top 56.5%.
Is National Storage Affiliates Trust's Debt-to-EBITDA too high?
National Storage Affiliates Trust's current Debt-to-EBITDA of 7.57 is 11% above median its 10-year median of 6.79. Over the past 10 years, this metric has ranged from a low of 5.88 to a high of 8.42. The REITs industry median Debt-to-EBITDA is 6.49. National Storage Affiliates Trust's value of 7.57 is 16.6% above this industry median. Based on the distribution chart, National Storage Affiliates Trust ranks #327 out of 579 companies in the REITs industry, which is below the industry midpoint. Overall, National Storage Affiliates Trust has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Storage Affiliates Trust's Debt-to-EBITDA compare to LXP and COLD?
According to the REITs industry distribution chart, National Storage Affiliates Trust ranks #327 out of 579 companies for Debt-to-EBITDA. This places National Storage Affiliates Trust in the lower half of its industry. The industry median Debt-to-EBITDA is 6.49. National Storage Affiliates Trust's value of 7.57 is 16.6% above this benchmark. Historically, National Storage Affiliates Trust's own Debt-to-EBITDA has ranged from 5.88 to 8.42 over the past decade. While the company's 10-year median is 6.79 vs. the industry median of 6.49, National Storage Affiliates Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 579 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage Affiliates Trust's current Debt-to-EBITDA of 7.57 is 16.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on National Storage Affiliates Trust. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage Affiliates Trust's current Debt-to-EBITDA is 7.57, which is 11% above median its own 10-year median of 6.79. 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 Fairly Valued. The stock's GF Value™ is $40.51, compared to a current price of $44.76 — trading 10.5% above its estimated fair value. The current Debt-to-EBITDA is 7.57, which is 11% above median its 10-year median of 6.79 and 16.6% above the REITs industry median of 6.49. National Storage Affiliates Trust's overall GF Score™ is 80/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For National Storage Affiliates Trust (NSA), the current Debt-to-EBITDA is 7.57 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 $44.76 is trading 10.5% above its estimated GF Value™ of $40.51.
GuruFocus considers National Storage Affiliates Trust to be Fairly Valued.
Key valuation signals for NSA:
Debt-to-EBITDA: 7.57 (11% above median its 10-year median of 6.79)
GF Value™: $40.51 vs. price of $44.76 (10.5% above fair value)
Industry Position: 16.6% above the REITs median (#327 of 579)
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
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.
80GF Score
Get the complete analysis for NSA
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSA has been successfully added to your 
