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 27.88% per annum.
- NSA price at the close of November 24, 2025 was $28.59 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 11.03% per annum.
- NSA price at the close of November 24, 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: November 24, 2025
a = 4.9855
b = -0.0009
s = 0.0434
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0009) – 1
= -27.88%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0434) – 1
= 18.95%
August 21, 2024 calculations
Top border of price channel:
Exp(Y938)
= Exp(a + b × X938 + 2 × s)
= Exp(a + b × 1,365 + 2 × s)
= Exp(4.9855 + -0.0009 × 1,365 + 2 × 0.0434)
= Exp(3.8503)
= $47.01
Bottom border of price channel:
Exp(Y938)
= Exp(a + b × X938 – 2 × s)
= Exp(a + b × 1,365 – 2 × s)
= Exp(4.9855 + -0.0009 × 1,365 – 2 × 0.0434)
= Exp(3.6767)
= $39.52
November 24, 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(4.9855 + -0.0009 × 1,825 + 2 × 0.0434)
= Exp(3.4384)
= $31.14
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.9855 + -0.0009 × 1,825 – 2 × 0.0434)
= Exp(3.2649)
= $26.18
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 27.88% per annum.
- NSA price at the close of November 24, 2025 was $28.59 and was inside the primary price channel.
Secondary Trend
Start date: June 18, 2025
End date: November 24, 2025
a = 3.9822
b = -0.0003
s = 0.0320
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0003) – 1
= -11.03%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0320) – 1
= 13.64%
June 18, 2025 calculations
Top border of price channel:
Exp(Y1,144)
= Exp(a + b × X1,144 + 2 × s)
= Exp(a + b × 1,666 + 2 × s)
= Exp(3.9822 + -0.0003 × 1,666 + 2 × 0.0320)
= Exp(3.5124)
= $33.53
Bottom border of price channel:
Exp(Y1,144)
= Exp(a + b × X1,144 – 2 × s)
= Exp(a + b × 1,666 – 2 × s)
= Exp(3.9822 + -0.0003 × 1,666 – 2 × 0.0320)
= Exp(3.3845)
= $29.50
November 24, 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(3.9822 + -0.0003 × 1,825 + 2 × 0.0320)
= Exp(3.4614)
= $31.86
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(3.9822 + -0.0003 × 1,825 – 2 × 0.0320)
= Exp(3.3336)
= $28.04
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 11.03% per annum.
- NSA price at the close of November 24, 2025 was inside the secondary price channel.