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 26.92% per annum.
- NSA price at the close of January 14, 2026 was $32.77 and was higher than the top border of the primary price channel by $3.25 (11.02%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 12.27% per annum.
- NSA price at the close of January 14, 2026 was higher than the top border of the secondary price channel by $1.92 (6.24%). This indicates a possible reversal in the secondary trend direction.
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 20, 2024
End date: January 5, 2026
a = 4.8673
b = -0.0009
s = 0.0429
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -26.92%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0429) – 1
= 18.74%
August 20, 2024 calculations
Top border of price channel:
Exp(Y903)
= Exp(a + b × X903 + 2 × s)
= Exp(a + b × 1,313 + 2 × s)
= Exp(4.8673 + -0.0009 × 1,313 + 2 × 0.0429)
= Exp(3.8249)
= $45.83
Bottom border of price channel:
Exp(Y903)
= Exp(a + b × X903 – 2 × s)
= Exp(a + b × 1,313 – 2 × s)
= Exp(4.8673 + -0.0009 × 1,313 – 2 × 0.0429)
= Exp(3.6532)
= $38.60
January 5, 2026 calculations
Top border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 + 2 × s)
= Exp(a + b × 1,816 + 2 × s)
= Exp(4.8673 + -0.0009 × 1,816 + 2 × 0.0429)
= Exp(3.3927)
= $29.75
Bottom border of price channel:
Exp(Y1,247)
= Exp(a + b × X1,247 – 2 × s)
= Exp(a + b × 1,816 – 2 × s)
= Exp(4.8673 + -0.0009 × 1,816 – 2 × 0.0429)
= Exp(3.2209)
= $25.05
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 26.92% per annum.
- NSA price at the close of January 14, 2026 was $32.77 and was higher than the top border of the primary price channel by $3.25 (11.02%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: June 3, 2025
End date: January 14, 2026
a = 4.0143
b = -0.0004
s = 0.0346
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -12.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0346) – 1
= 14.83%
June 3, 2025 calculations
Top border of price channel:
Exp(Y1,099)
= Exp(a + b × X1,099 + 2 × s)
= Exp(a + b × 1,600 + 2 × s)
= Exp(4.0143 + -0.0004 × 1,600 + 2 × 0.0346)
= Exp(3.5097)
= $33.44
Bottom border of price channel:
Exp(Y1,099)
= Exp(a + b × X1,099 – 2 × s)
= Exp(a + b × 1,600 – 2 × s)
= Exp(4.0143 + -0.0004 × 1,600 – 2 × 0.0346)
= Exp(3.3714)
= $29.12
January 14, 2026 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.0143 + -0.0004 × 1,825 + 2 × 0.0346)
= Exp(3.4290)
= $30.85
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.0143 + -0.0004 × 1,825 – 2 × 0.0346)
= Exp(3.2907)
= $26.86
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 12.27% per annum.
- NSA price at the close of January 14, 2026 was higher than the top border of the secondary price channel by $1.92 (6.24%). This indicates a possible reversal in the secondary trend direction.