NSA (National Storage Affiliates Trust) Asset Turnover: 0.04 (As of Mar. 2026)


NSA National Storage Affiliates Trust NSA
81 GF Score
Price $44.84
GF Value $40.60
Valuation Fairly Valued
! 11 Warning Signs
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What is National Storage Affiliates Trust Asset Turnover?

National Storage Affiliates Trust NSA +0.90% 81 Asset Turnover is 0.04 as of Mar. 2026. GuruFocus rates NSA with a GF Score™ of 81/100 and a GF Value™ of $40.60 (Fairly Valued). The stock has 11 warning signs investors should review.

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. National Storage Affiliates Trust's Revenue for the three months ended in Mar. 2026 was $185.4 Mil. National Storage Affiliates Trust's Total Assets for the quarter that ended in Mar. 2026 was $5,056.9 Mil. Therefore, National Storage Affiliates Trust's Asset Turnover for the quarter that ended in Mar. 2026 was 0.04.

Asset Turnover is linked to ROE % through Du Pont Formula. National Storage Affiliates Trust's annualized ROE % for the quarter that ended in Mar. 2026 was 7.65%. It is also linked to ROA % through Du Pont Formula. National Storage Affiliates Trust's annualized ROA % for the quarter that ended in Mar. 2026 was 1.41%.


National Storage Affiliates Trust  (NYSE:NSA) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

National Storage Affiliates Trust's annulized ROE % for the quarter that ended in Mar. 2026 is

ROE %**(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=71.12/929.3995
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(71.12 / 741.604)*(741.604 / 5056.9365)*(5056.9365/ 929.3995)
=Net Margin %*Asset Turnover*Equity Multiplier
=9.59 %*0.1467*5.4411
=ROA %*Equity Multiplier
=1.41 %*5.4411
=7.65 %

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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

National Storage Affiliates Trust's annulized ROA % for the quarter that ended in Mar. 2026 is

ROA %(Q: Mar. 2026 )
=Net Income/Total Assets
=71.12/5056.9365
=(Net Income / Revenue)*(Revenue / Total Assets)
=(71.12 / 741.604)*(741.604 / 5056.9365)
=Net Margin %*Asset Turnover
=9.59 %*0.1467
=1.41 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


National Storage Affiliates Trust Asset Turnover Related Terms


National Storage Affiliates Trust Asset Turnover Historical Data

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The historical data trend for National Storage Affiliates Trust's Asset Turnover can be seen below:

* 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 Asset Turnover Chart

National Storage Affiliates Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.14 0.14 0.14 0.14

National Storage Affiliates Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Asset Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.04 0.04 0.04

NSA vs LXP, COLD, SMA: Asset Turnover Comparison

For the REIT - Industrial subindustry, National Storage Affiliates Trust's Asset Turnover, along with its competitors' market caps and Asset Turnover 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 Asset Turnover vs REITs Industry

For the REITs industry and Real Estate sector, National Storage Affiliates Trust's Asset Turnover distribution charts can be found below:

* The bar in red indicates where National Storage Affiliates Trust's Asset Turnover falls into.


NSA
81GF Score
National Storage Affiliates Trust NSA
Asset Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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National Storage Affiliates Trust Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

National Storage Affiliates Trust's Asset Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=752.929/( (5354.462+5080.115)/ 2 )
=752.929/5217.2885
=0.14

National Storage Affiliates Trust's Asset Turnover for the quarter that ended in Mar. 2026 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=185.401/( (5080.115+5033.758)/ 2 )
=185.401/5056.9365
=0.04

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

Frequently Asked Questions Learn more about Asset Turnover →
What does a Asset Turnover of 0.04 mean?
National Storage Affiliates Trust (NSA) has a Asset Turnover of 0.04 as of Mar. 2026. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on National Storage Affiliates Trust and its competitors.
Is National Storage Affiliates Trust's Asset Turnover too high?
National Storage Affiliates Trust's current Asset Turnover is 0.04. 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 Asset Turnover compare to LXP and COLD?
National Storage Affiliates Trust's Asset Turnover of 0.04 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Asset Turnover for a REITs company?
A good Asset Turnover depends on the REITs industry context. However, Asset Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Asset Turnover mean?
A high Asset Turnover can signal that a stock is expensive relative to its fundamentals. Asset turnover equals current-period sales over average total assets over the past two periods. View historical data on National Storage Affiliates Trust and its competitors. National Storage Affiliates Trust's current Asset Turnover is 0.04. 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 $44.84 — trading 10.4% above its estimated fair value. The current Asset Turnover is 0.04. 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 Asset Turnover calculated?
Asset Turnover is calculated from a company's financial statements. For National Storage Affiliates Trust (NSA), the current Asset Turnover is 0.04 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 $44.84 is trading 10.4% above its estimated GF Value™ of $40.60. GuruFocus considers National Storage Affiliates Trust to be Fairly Valued.

Key valuation signals for NSA:

  • Asset Turnover: 0.04
  • GF Value™: $40.60 vs. price of $44.84 (10.4% above fair value)
  • GF Score™: 81/100 with 11 warning signs

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

Industry Real EstateREITs
Other Exchanges NSApA.PFD:USANSAT34:Brazil
Address 8400 East Prentice Avenue, 9th Floor, Greenwood Village, CO, USA, 80111
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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Asset Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$44.84
Price
$40.60
GF Value