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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for National Storage Affiliates Trust's Debt-to-Equity or its related term are showing as below:
NSA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.14 Med: 1.9 Max: 3.77
Current: 3.77
During the past 13 years, the highest Debt-to-Equity Ratio of National Storage Affiliates Trust was 3.77. The lowest was 1.14. And the median was 1.90.
NSA's Debt-to-Equity is ranked worse than 94.92% of 689
companies
in the REITs industry
Industry Median: 0.78
vs NSA: 3.77
National Storage Affiliates Trust (NYSE:NSA) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
National Storage Affiliates Trust Debt-to-Equity Related Terms
National Storage Affiliates Trust Debt-to-Equity 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-Equity Chart
For the REIT - Industrial subindustry, National Storage Affiliates Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs REITs Industry
For the REITs industry and Real Estate sector, National Storage Affiliates Trust's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where National Storage Affiliates Trust's Debt-to-Equity 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.
National Storage Affiliates Trust (NSA) has a Debt-to-Equity of 3.77 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on National Storage Affiliates Trust and its competitors. This is 98% above median its historical median of 1.90. Over the past decade, National Storage Affiliates Trust's Debt-to-Equity has ranged from 1.14 to 3.77. According to the industry distribution chart, National Storage Affiliates Trust ranks #654 out of 689 companies in the REITs industry, placing it in the top 94.9%.
Is National Storage Affiliates Trust's Debt-to-Equity too high?
National Storage Affiliates Trust's current Debt-to-Equity of 3.77 is 98% above median its 10-year median of 1.90. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 3.77. The REITs industry median Debt-to-Equity is 0.78. National Storage Affiliates Trust's value of 3.77 is 383.3% above this industry median. Based on the distribution chart, National Storage Affiliates Trust ranks #654 out of 689 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, National Storage Affiliates Trust has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Storage Affiliates Trust's Debt-to-Equity compare to LXP and COLD?
According to the REITs industry distribution chart, National Storage Affiliates Trust ranks #654 out of 689 companies for Debt-to-Equity. This places National Storage Affiliates Trust in the lower half of its industry. The industry median Debt-to-Equity is 0.78. National Storage Affiliates Trust's value of 3.77 is 383.3% above this benchmark. Historically, National Storage Affiliates Trust's own Debt-to-Equity has ranged from 1.14 to 3.77 over the past decade. While the company's 10-year median is 1.90 vs. the industry median of 0.78, 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-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 689 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity 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-Equity of 3.77 is 383.3% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on National Storage Affiliates Trust and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — 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-Equity is 3.77, which is 98% above median its own 10-year median of 1.90. 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 $40.49, compared to a current price of $45.15 — trading 11.5% above its estimated fair value. The current Debt-to-Equity is 3.77, which is 98% above median its 10-year median of 1.90 and 383.3% above the REITs industry median of 0.78. National Storage Affiliates Trust's overall GF Score™ is 79/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For National Storage Affiliates Trust (NSA), the current Debt-to-Equity is 3.77 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 $45.15 is trading 11.5% above its estimated GF Value™ of $40.49.
GuruFocus considers National Storage Affiliates Trust to be Modestly Overvalued.
Key valuation signals for NSA:
Debt-to-Equity: 3.77 (98% above median its 10-year median of 1.90)
GF Value™: $40.49 vs. price of $45.15 (11.5% above fair value)
Industry Position: 383.3% above the REITs median (#654 of 689)
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.
79GF Score
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