3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
National Storage Affiliates Trust's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 1.03%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
NSA's 3-Year ROIIC % is ranked worse than 65.47% of 698
companies
in the REITs industry
Industry Median: 3.505
vs NSA: 1.03
National Storage Affiliates Trust (NYSE:NSA) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
National Storage Affiliates Trust 3-Year ROIIC % Related Terms
National Storage Affiliates Trust 3-Year ROIIC % 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 3-Year ROIIC % Chart
For the REIT - Industrial subindustry, National Storage Affiliates Trust's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, National Storage Affiliates Trust's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where National Storage Affiliates Trust's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
National Storage Affiliates Trust (NSA) has a 3-Year ROIIC % of 1.03 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on National Storage Affiliates Trust and its competitors. This is 77% below median its historical median of 4.44. According to the industry distribution chart, National Storage Affiliates Trust ranks #457 out of 698 companies in the REITs industry, placing it in the top 65.5%.
Is National Storage Affiliates Trust's 3-Year ROIIC % too high?
National Storage Affiliates Trust's current 3-Year ROIIC % of 1.03 is 77% below median its 10-year median of 4.44. The REITs industry median 3-Year ROIIC % is 3.51. National Storage Affiliates Trust's value of 1.03 is 70.6% below this industry median. Based on the distribution chart, National Storage Affiliates Trust ranks #457 out of 698 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 3-Year ROIIC % compare to LXP and COLD?
According to the REITs industry distribution chart, National Storage Affiliates Trust ranks #457 out of 698 companies for 3-Year ROIIC %. This places National Storage Affiliates Trust in the lower half of its industry. The industry median 3-Year ROIIC % is 3.51. National Storage Affiliates Trust's value of 1.03 is 70.6% below this benchmark. While the company's 10-year median is 4.44 vs. the industry median of 3.51, 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 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.51, based on 698 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Storage Affiliates Trust's current 3-Year ROIIC % of 1.03 is 70.6% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on National Storage Affiliates Trust and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Storage Affiliates Trust's current 3-Year ROIIC % is 1.03, which is 77% below median its own 10-year median of 4.44. 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 $40.57, compared to a current price of $44.68 — trading 10.1% above its estimated fair value. The current 3-Year ROIIC % is 1.03, which is 77% below median its 10-year median of 4.44 and 70.6% below the REITs industry median of 3.51. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For National Storage Affiliates Trust (NSA), the current 3-Year ROIIC % is 1.03 as of Dec. 2025. 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 $44.68 is trading 10.1% above its estimated GF Value™ of $40.57.
GuruFocus considers National Storage Affiliates Trust to be Fairly Valued.
Key valuation signals for NSA:
3-Year ROIIC %: 1.03 (77% below median its 10-year median of 4.44)
GF Value™: $40.57 vs. price of $44.68 (10.1% above fair value)
Industry Position: 70.6% below the REITs median (#457 of 698)
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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