The historical rank and industry rank for National Storage Affiliates Trust's Net Margin % or its related term are showing as below:
NSA'
s Net Margin % Range Over the Past 10 Years
Min: 1.03 Med: 10.53 Max: 18.26
Current: 10.48
NSA's Net Margin % is ranked worse than 75.86% of 928
companies
in the REITs industry
Industry Median: 45.23
vs NSA: 10.48
National Storage Affiliates Trust (NYSE:NSA) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
National Storage Affiliates Trust Net Margin % Related Terms
National Storage Affiliates Trust Net Margin % 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 Net Margin % Chart
For the REIT - Industrial subindustry, National Storage Affiliates Trust's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs REITs Industry
For the REITs industry and Real Estate sector, National Storage Affiliates Trust's Net Margin % distribution charts can be found below:
* The bar in red indicates where National Storage Affiliates Trust's Net Margin % 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 Net Margin % of 9.59% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on National Storage Affiliates Trust and its competitors. This is near median its historical median of 10.53. Over the past decade, National Storage Affiliates Trust's Net Margin % has ranged from 1.03 to 18.26. According to the industry distribution chart, National Storage Affiliates Trust ranks #704 out of 928 companies in the REITs industry, placing it in the top 75.9%.
Is National Storage Affiliates Trust's Net Margin % too high?
National Storage Affiliates Trust's current Net Margin % of 9.59% is near median its 10-year median of 10.53. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 18.26. The REITs industry median Net Margin % is 45.23. National Storage Affiliates Trust's value of 9.59% is 78.8% below this industry median. Based on the distribution chart, National Storage Affiliates Trust ranks #704 out of 928 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, National Storage Affiliates Trust has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Storage Affiliates Trust's Net Margin % compare to LXP and COLD?
According to the REITs industry distribution chart, National Storage Affiliates Trust ranks #704 out of 928 companies for Net Margin %. This places National Storage Affiliates Trust in the lower half of its industry. The industry median Net Margin % is 45.23. National Storage Affiliates Trust's value of 9.59% is 78.8% below this benchmark. Historically, National Storage Affiliates Trust's own Net Margin % has ranged from 1.03 to 18.26 over the past decade. While the company's 10-year median is 10.53 vs. the industry median of 45.23, National Storage Affiliates Trust has consistently been below 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 Net Margin % for a REITs company?
The median Net Margin % among REITs companies is 45.23, based on 928 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage Affiliates Trust's current Net Margin % of 9.59% is 78.8% below 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on National Storage Affiliates Trust and its competitors. For the REITs industry, the median Net Margin % is 45.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage Affiliates Trust's current Net Margin % is 9.59%, which is near median its own 10-year median of 10.53. 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 $40.60, compared to a current price of $44.14 — trading 8.7% above its estimated fair value. The current Net Margin % is 9.59%, which is near median its 10-year median of 10.53 and 78.8% below the REITs industry median of 45.23. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For National Storage Affiliates Trust (NSA), the current Net Margin % is 9.59% 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 $44.14 is trading 8.7% above its estimated GF Value™ of $40.60.
GuruFocus considers National Storage Affiliates Trust to be Fairly Valued.
Key valuation signals for NSA:
Net Margin %: 9.59% (near median its 10-year median of 10.53)
GF Value™: $40.60 vs. price of $44.14 (8.7% above fair value)
Industry Position: 78.8% below the REITs median (#704 of 928)
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.
81GF Score
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