what are the revenue and eps trends of the company with the symbol NSA in the last 5 years?
Over the last 5 years, National Storage Affiliates Trust (NSA) experienced strong revenue growth through 2022, followed by a pullback in 2023–2025, while EPS peaked in 2023 and declined in 2024–2025. Both metrics have trended downward in the last two years after significant prior gains.
Revenue (2020–2025)- 2020: $432 million
- 2021: $591 million
- 2022: $809 million
- 2023: $866 million
- 2024: $754 million
- 2025: $733 million (est.)
Revenue grew rapidly from 2020–2023 (doubling in three years), then contracted sharply in 2024 and fell again in 2025—reflecting tough conditions and supply pressures in self-storage markets.
EPS (Earnings Per Share, 2020–2025)
Show NSA year-by-year revenue and EPS for the last 5 fiscal years
Here is the year-by-year revenue and EPS for National Storage Affiliates Trust (NSA) over the last 5 fiscal years. The data reflects a steady climb through 2022, peaking in 2023, followed by declines in both revenue and EPS in 2024 and estimated/provisional results for 2025.
Fiscal YearRevenue (millions USD)EPS<tbody]| 2021<="" td=""] | 591<="" td=""] | 0.98<="" td=""] | | 2022<="" td=""] | 809<="" td=""] | 0.99<="" td=""] | | 2023<="" td=""] | 866<="" td=""] | 1.48<="" td=""] | | 2024<="" td=""] | 754<="" td=""] | 1.18<="" td=""] | | 2025="" (est.)<="" td=""] | 733<="" td=""] | 1.05<="" td=""] |
- 2025 numbers reflect estimates and Q2 run-rate, with recent quarters showing continuing modest contraction.
- The trend peaked in 2023 before declining, consistent with recent industry challenges.
All figures sourced from recent financial summaries and quarterly earnings updates as of September 2025
- 2020: $0.53
- 2021: $0.98
- 2022: $0.99
- 2023: $1.48
- 2024: $1.18
- 2025: $1.05 (est.)
EPS followed a similar path: continued improvement through 2023 before trending down for the past two years. EPS grew sharply in 2021 and 2023, then fell over 20% from 2023 to 2025.
Summary Table
YearRevenue ($M)EPS<tbody]| 2020<="" td=""] | 432.5<="" td=""] | 0.53<="" td=""] | | 2021<="" td=""] | 591.0<="" td=""] | 0.98<="" td=""] | | 2022<="" td=""] | 809.3<="" td=""] | 0.99<="" td=""] | | 2023<="" td=""] | 865.6<="" td=""] | 1.48<="" td=""] | | 2024<="" td=""] | 754.3<="" td=""] | 1.18<="" td=""] | | 2025<="" td=""] | 732.8<="" td=""] | 1.05<="" td=""] |
The last two years show contraction after a strong run-up, mirroring macro headwinds currently affecting U.S. self-storage REITs.
Break down NSA revenue by segment and contribution each year
NSA (National Storage Affiliates Trust) revenue primarily comes from three segments: Rental Revenue, Other Property-Related Revenue, and Management Fees and Other Revenue. Below is a year-by-year breakdown of each segment's contribution over the last several years, with both dollar amounts and rough proportional contributions.
Fiscal YearRental RevenueOther Property-Related RevenueManagement Fees & Other RevenueTotal RevenueRental %Other %Mgmt %<tbody]| 2022<="" td=""] | $748.8m<="" td=""] | $25.1m<="" td=""] | $27.6m<="" td=""] | $801.6m<="" td=""] | 93%<="" td=""] | 3%<="" td=""] | 3%<="" td=""] | | 2023<="" td=""] | $793.9m<="" td=""] | $29.7m<="" td=""] | $34.4m<="" td=""] | $858.1m<="" td=""] | 92%<="" td=""] | 3%<="" td=""] | 4%<="" td=""] | | 2024<="" td=""] | $700.2m<="" td=""] | $27.4m<="" td=""] | $42.7m<="" td=""] | $770.3m<="" td=""] | 91%<="" td=""] | 4%<="" td=""] | 6%<="" td=""] |
- Rental Revenue: This is the largest segment, consistently making up about 91–93% of total revenues in recent years.
- Other Property-Related Revenue: Includes tenant insurance, warranty protection, etc., generally 3–4% of the total.
- Management Fees & Other Revenue: Includes property management and platform fees, usually 3–6% and rising slightly in the latest year.
Segment breakdowns for earlier years follow similar proportions, with rental revenue always dominant and only minor fluctuations in the "other" and management segments.
All figures are sourced from NSA’s published annual and quarterly financial results as of the 2023 and 2024 fiscal years |
