ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. National Storage Affiliates Trust's annualizedNet Income for the quarter that ended in Mar. 2026 was $71.1 Mil.
National Storage Affiliates Trust's average Total Assets over the quarter that ended in Mar. 2026 was $5,056.9 Mil. Therefore, National Storage Affiliates Trust's annualized ROA % for the quarter that ended in Mar. 2026 was 1.41%.
NSA'
s ROA % Range Over the Past 10 Years
Min: 0.14 Med: 1.44 Max: 2.61
Current: 1.53
During the past 13 years, National Storage Affiliates Trust's highest ROA % was 2.61%. The lowest was 0.14%. And the median was 1.44%.
NSA's ROA % is ranked worse than 66.74% of 938
companies
in the REITs industry
Industry Median: 3.23
vs NSA: 1.53
National Storage Affiliates Trust (NYSE:NSA) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
National Storage Affiliates Trust ROA % Related Terms
National Storage Affiliates Trust ROA % 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.
For the REIT - Industrial subindustry, National Storage Affiliates Trust's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs REITs Industry
* 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
National Storage Affiliates Trust (NSA) has a ROA % of 1.41% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on National Storage Affiliates Trust and its competitors. This is near median its historical median of 1.44. Over the past decade, National Storage Affiliates Trust's ROA % has ranged from 0.14 to 2.61. According to the industry distribution chart, National Storage Affiliates Trust ranks #626 out of 938 companies in the REITs industry, placing it in the top 66.7%.
Is National Storage Affiliates Trust's ROA % too high?
National Storage Affiliates Trust's current ROA % of 1.41% is near median its 10-year median of 1.44. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 2.61. The REITs industry median ROA % is 3.23. National Storage Affiliates Trust's value of 1.41% is 56.3% below this industry median. Based on the distribution chart, National Storage Affiliates Trust ranks #626 out of 938 companies in the REITs industry, which is below the industry midpoint. 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 ROA % compare to LXP and COLD?
According to the REITs industry distribution chart, National Storage Affiliates Trust ranks #626 out of 938 companies for ROA %. This places National Storage Affiliates Trust in the lower half of its industry. The industry median ROA % is 3.23. National Storage Affiliates Trust's value of 1.41% is 56.3% below this benchmark. Historically, National Storage Affiliates Trust's own ROA % has ranged from 0.14 to 2.61 over the past decade. While the company's 10-year median is 1.44 vs. the industry median of 3.23, 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 ROA % for a REITs company?
The median ROA % among REITs companies is 3.23, based on 938 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage Affiliates Trust's current ROA % of 1.41% is 56.3% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on National Storage Affiliates Trust and its competitors. For the REITs industry, the median ROA % is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage Affiliates Trust's current ROA % is 1.41%, which is near median its own 10-year median of 1.44. 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 ROA % is 1.41%, which is near median its 10-year median of 1.44 and 56.3% below the REITs industry median of 3.23. 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 ROA % calculated?
ROA % is calculated from a company's financial statements. For National Storage Affiliates Trust (NSA), the current ROA % is 1.41% 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:
ROA %: 1.41% (near median its 10-year median of 1.44)
GF Value™: $40.60 vs. price of $44.14 (8.7% above fair value)
Industry Position: 56.3% below the REITs median (#626 of 938)
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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