National Storage Affiliates TrustNSAEarnings & Financial Report
NYSE
NextFeb 27, 2026
NSA Q3 2025 Key Financial Metrics
Revenue
$188.7M
Gross Profit
$133.4M
Operating Profit
$29.9M
Net Profit
$18.4M
Gross Margin
70.7%
Operating Margin
15.8%
Net Margin
9.8%
YoY Growth
-2.5%
EPS
$0.17
Financial Flow
National Storage Affiliates Trust Q3 2025 Financial Summary
National Storage Affiliates Trust reported revenue of $188.7M for Q3 2025, with a net profit of $18.4M (9.8% margin). Cost of goods sold was $55.3M, operating expenses totaled $103.5M.
Key Financial Metrics
| Total Revenue | $188.7M |
|---|---|
| Net Profit | $18.4M |
| Gross Margin | 70.7% |
| Operating Margin | 15.8% |
| Report Period | Q3 2025 |
National Storage Affiliates Trust Annual Revenue by Year
National Storage Affiliates Trust annual revenue history includes year-by-year totals (for example, 2024 revenue was $770.3M).
| Year | Annual Revenue |
|---|---|
| 2024 | $770.3M |
| 2023 | $858.1M |
| 2022 | $801.6M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $215.4M | $196.1M | $190.4M | $193.6M | $190.1M | $188.4M | $188.8M | $188.7M |
| YoY Growth | 3.2% | -5.7% | -11.6% | -11.6% | -11.7% | -4.0% | -0.8% | -2.5% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.93B | $5.37B | $5.32B | $5.39B | $5.35B | $5.26B | $5.18B | $5.14B |
| Liabilities | $3.81B | $3.42B | $3.50B | $3.59B | $3.59B | $3.56B | $3.54B | $3.56B |
| Equity | $1.42B | $1.28B | $1.19B | $986.9M | $1.08B | $1.03B | $1.00B | $973.1M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $94.0M | $94.0M | $83.2M | $105.7M | $80.1M | $85.6M | $79.9M | $100.2M |