National Storage (NSA) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
770.3M
Gross Profit
558.5M
72.50%
Operating Income
297.2M
38.57%
Net Income
183.3M
23.79%
EPS (Diluted)
$1.18
Balance Sheet Metrics
Total Assets
5.4B
Total Liabilities
3.6B
Shareholders Equity
1.8B
Debt to Equity
2.04
Cash Flow Metrics
Operating Cash Flow
382.2M
Free Cash Flow
309.8M
Revenue & Profitability Trend
National Storage Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 770.3M | 858.1M | 801.6M | 585.7M | 432.2M |
| Cost of Goods Sold | 211.9M | 229.0M | 211.0M | 155.3M | 123.5M |
| Gross Profit | 558.5M | 629.1M | 590.5M | 430.4M | 308.7M |
| Operating Expenses | 71.5M | 70.4M | 67.8M | 53.9M | 44.4M |
| Operating Income | 297.2M | 336.7M | 289.5M | 218.2M | 147.1M |
| Pre-tax Income | 187.0M | 238.6M | 188.5M | 148.6M | 81.1M |
| Income Tax | 3.8M | 1.6M | 4.7M | 1.7M | 1.7M |
| Net Income | 183.3M | 237.0M | 183.8M | 146.9M | 79.5M |
| EPS (Diluted) | $1.18 | $1.48 | $0.99 | $0.98 | $0.53 |
Income Statement Trend
National Storage Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 89.1M | 674.7M | 91.0M | 50.6M | 40.3M |
| Non-Current Assets | 5.3B | 5.3B | 6.0B | 5.5B | 3.5B |
| Total Assets | 5.4B | 5.9B | 6.1B | 5.6B | 3.5B |
| Liabilities | |||||
| Current Liabilities | 562.0M | 501.1M | 599.6M | 571.5M | 237.5M |
| Non-Current Liabilities | 3.0B | 3.3B | 3.1B | 2.5B | 1.8B |
| Total Liabilities | 3.6B | 3.8B | 3.7B | 3.1B | 2.1B |
| Equity | |||||
| Total Shareholders Equity | 1.8B | 2.1B | 2.4B | 2.5B | 1.4B |
Balance Sheet Composition
National Storage Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 183.3M | 237.0M | 183.8M | 146.9M | 79.5M |
| Operating Cash Flow | 382.2M | 477.2M | 417.0M | 308.6M | 198.7M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | -364.0K |
| Investing Cash Flow | -73.3M | -16.9M | -55.0M | -2.9M | 2.8M |
| Financing Activities | |||||
| Dividends Paid | -192.3M | -209.9M | -209.1M | -144.8M | -103.2M |
| Financing Cash Flow | -825.4M | -557.2M | 154.6M | 1.7B | 286.5M |
| Free Cash Flow | 309.8M | 406.0M | 400.1M | 303.3M | 203.9M |
Cash Flow Trend
National Storage Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
53.13
Forward P/E
38.13
Price to Book
3.57
Price to Sales
6.43
PEG Ratio
38.13
Profitability Ratios
Profit Margin
8.82%
Operating Margin
32.49%
Return on Equity
5.92%
Return on Assets
3.11%
Financial Health
Current Ratio
0.66
Debt to Equity
203.91
Beta
1.18
Per Share Data
EPS (TTM)
$0.61
Book Value per Share
$9.07
Revenue per Share
$9.78
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| nsa | 4.8B | 53.13 | 3.57 | 5.92% | 8.82% | 203.91 |
| Prologis | 99.4B | 26.72 | 1.86 | 6.83% | 42.81% | 56.64 |
| Public Storage | 51.7B | 29.27 | 9.91 | 20.12% | 41.59% | 97.46 |
| CubeSmart | 9.7B | 25.07 | 3.40 | 13.34% | 35.73% | 117.53 |
| EastGroup Properties | 9.0B | 37.49 | 2.68 | 7.61% | 34.79% | 44.73 |
| Rexford Industrial | 9.1B | 30.21 | 1.01 | 3.36% | 29.10% | 36.59 |
Financial data is updated regularly. All figures are in the company's reporting currency.