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 27.26% per annum.
- NSA price at the close of December 15, 2025 was $29.37 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 13.62% per annum.
- NSA price at the close of December 15, 2025 was inside the secondary price channel.
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: December 15, 2025
a = 4.9125
b = -0.0009
s = 0.0434
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -27.26%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0434) – 1
= 18.96%
August 21, 2024 calculations
Top border of price channel:
Exp(Y924)
= Exp(a + b × X924 + 2 × s)
= Exp(a + b × 1,344 + 2 × s)
= Exp(4.9125 + -0.0009 × 1,344 + 2 × 0.0434)
= Exp(3.8274)
= $45.94
Bottom border of price channel:
Exp(Y924)
= Exp(a + b × X924 – 2 × s)
= Exp(a + b × 1,344 – 2 × s)
= Exp(4.9125 + -0.0009 × 1,344 – 2 × 0.0434)
= Exp(3.6538)
= $38.62
December 15, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.9125 + -0.0009 × 1,825 + 2 × 0.0434)
= Exp(3.4080)
= $30.21
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.9125 + -0.0009 × 1,825 – 2 × 0.0434)
= Exp(3.2344)
= $25.39
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 27.26% per annum.
- NSA price at the close of December 15, 2025 was $29.37 and was inside the primary price channel.
Secondary Trend
Start date: June 4, 2025
End date: December 15, 2025
a = 4.0976
b = -0.0004
s = 0.0300
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -13.62%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0300) – 1
= 12.73%
June 4, 2025 calculations
Top border of price channel:
Exp(Y1,120)
= Exp(a + b × X1,120 + 2 × s)
= Exp(a + b × 1,631 + 2 × s)
= Exp(4.0976 + -0.0004 × 1,631 + 2 × 0.0300)
= Exp(3.5032)
= $33.22
Bottom border of price channel:
Exp(Y1,120)
= Exp(a + b × X1,120 – 2 × s)
= Exp(a + b × 1,631 – 2 × s)
= Exp(4.0976 + -0.0004 × 1,631 – 2 × 0.0300)
= Exp(3.3833)
= $29.47
December 15, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.0976 + -0.0004 × 1,825 + 2 × 0.0300)
= Exp(3.4254)
= $30.73
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.0976 + -0.0004 × 1,825 – 2 × 0.0300)
= Exp(3.3055)
= $27.26
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 13.62% per annum.
- NSA price at the close of December 15, 2025 was inside the secondary price channel.