National Storage Affiliates Trust (NSA)
National Storage Affiliates Trust (NSA) is a leading Maryland-based real estate investment trust specializing in the ownership, operation, and strategic acquisition of self-storage properties in the top 100 metropolitan statistical areas across the United States. The company capitalizes on a robust growth strategy, leveraging a diversified portfolio that provides resilient cash flows and stability in varying economic conditions. With a focus on both urban and suburban markets, NSA emphasizes operational efficiency and value creation, making it an attractive investment opportunity for institutional investors seeking exposure to the self-storage sector.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 29.48% per annum.
- NSA price at the close of October 24, 2025 was $31.56 and was higher than the top border of the primary price channel by $0.23 (0.73%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 166.25% per annum.
- NSA price at the close of October 24, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of NSA price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 21, 2024
End date: October 13, 2025
a = 5.1071
b = -0.0010
s = 0.0414
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -29.48%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0414) – 1
= 18.02%
August 21, 2024 calculations
Top border of price channel:
Exp(Y960)
= Exp(a + b × X960 + 2 × s)
= Exp(a + b × 1,395 + 2 × s)
= Exp(5.1071 + -0.0010 × 1,395 + 2 × 0.0414)
= Exp(3.8551)
= $47.23
Bottom border of price channel:
Exp(Y960)
= Exp(a + b × X960 – 2 × s)
= Exp(a + b × 1,395 – 2 × s)
= Exp(5.1071 + -0.0010 × 1,395 – 2 × 0.0414)
= Exp(3.6894)
= $40.02
October 13, 2025 calculations
Top border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 + 2 × s)
= Exp(a + b × 1,813 + 2 × s)
= Exp(5.1071 + -0.0010 × 1,813 + 2 × 0.0414)
= Exp(3.4551)
= $31.66
Bottom border of price channel:
Exp(Y1,246)
= Exp(a + b × X1,246 – 2 × s)
= Exp(a + b × 1,813 – 2 × s)
= Exp(5.1071 + -0.0010 × 1,813 – 2 × 0.0414)
= Exp(3.2895)
= $26.83
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 29.48% per annum.
- NSA price at the close of October 24, 2025 was $31.56 and was higher than the top border of the primary price channel by $0.23 (0.73%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: September 19, 2025
End date: October 23, 2025
a = -1.4202
b = 0.0027
s = 0.0142
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 166.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0142) – 1
= 5.85%
September 19, 2025 calculations
Top border of price channel:
Exp(Y1,230)
= Exp(a + b × X1,230 + 2 × s)
= Exp(a + b × 1,789 + 2 × s)
= Exp(-1.4202 + 0.0027 × 1,789 + 2 × 0.0142)
= Exp(3.4080)
= $30.20
Bottom border of price channel:
Exp(Y1,230)
= Exp(a + b × X1,230 – 2 × s)
= Exp(a + b × 1,789 – 2 × s)
= Exp(-1.4202 + 0.0027 × 1,789 – 2 × 0.0142)
= Exp(3.3511)
= $28.54
October 23, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(-1.4202 + 0.0027 × 1,823 + 2 × 0.0142)
= Exp(3.4992)
= $33.09
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(-1.4202 + 0.0027 × 1,823 – 2 × 0.0142)
= Exp(3.4424)
= $31.26
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 166.25% per annum.
- NSA price at the close of October 24, 2025 was inside the secondary price channel.