NAS10030,482+2.83%S&P7,765+1.49%GOLD$4,355−0.66%BTC$85,266VIX14.87+0.41%live tape · as of 11:00 UTC
The Screen · Real Estate · REIT - Industrial
National Storage Affiliates Trust
NSA · the NYSE · USD · Market cap $3.4B · 1,458 employees
National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located withi…
FAIL · Does not pass the screen
43.41 USD
Screen close, 2026-09-15 · not a live quote Last reviewed 7 days ago
Screened 2026-09-15 · the tape above runs as of 11:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
PRICE · FAIR-VALUE RANGE1M3M6MYTD1Y3Y5Y
What this means: price 43.41 against the desk's fair-value range, base estimate 24.49, over the last year.
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical does not pass the values gate
Price43.41 USD
Fair value24.49
Ethical score70.0/100
Our investment reviews on this name
2026-07-02Read Markup45.72-5.1% to today
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
National Storage Affiliates Trust holds its Markup at $43.41. Elevated stress, defensive posture warranted, held for 31 days.
As held on the ledger · 2026-09-15
Phase
Markup
Quantitative state
Elevated stress, defensive posture warranted, held for 31 days
Price at the screen
$43.41
Valuation
57.88 trailing · 116.19 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.06
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
67.47%
Below 33%
Interest-bearing debt is 67.5% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
0.58%
Below 49%
Money owed to the company is 0.6% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-15 screen. The gold marker is the market price at the same screen. The price runs 43.6% above the base estimate.
Third-party analyst targets: 8 covering, consensus Hold. The average target sits −1% from the screen price.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-15 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Self storage units hide an expensive price tag
Picture families renting extra space for the overflow from their homes. National Storage Affiliates Trust owns and runs those self storage sites across major US cities. The business shows solid 18% revenue growth and clears the ethical screen without issue. Yet the shares trade at 119 times forward earnings while our fair value sits at just 25.14 dollars against the current 44.50 dollar price.
That gap leaves no margin of safety at all. Analysts rate the stock a hold with a 44 dollar median target, which already prices in little upside. A 10% profit margin and 8% return on equity look modest next to the lofty multiple. The market appears to be paying for past growth rather than future returns that justify the valuation.
Interest rate moves and local economic swings can hit occupancy fast in this sector. Peak earnings and a stretched multiple often signal a value trap rather than a bargain. The opportunity rating stays at none for clear reasons.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
NSA trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-09-08Markup$43.41+0.0%Entry 5
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 44%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (11 analysts) rates it hold, with a mean price target of $41.
2026-08-07Markup$43.41-5.1%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 5.1% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 44%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (11 analysts) rates it hold, with a mean price target of $41.
2026-07-18Markup$45.72+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 44%. Our forward projection puts the odds of a 10% gain over the next month near 24%. The street (11 analysts) rates it hold, with a mean price target of $41.
2026-07-03Markup$45.72+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markup$45.72Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
