Financials in USD. Standardized financial statements.
A compact view of how National Storage Affiliates Trust turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $752.93M | $770.34M | $858.06M | $801.57M | $585.67M | $432.22M | $382.93M | $330.90M | $268.13M | $199.05M |
| Revenue Growth? | -2.3% | -10.2% | +7.0% | +36.9% | +35.5% | +12.9% | +15.7% | +23.4% | +34.7% | 0.0% |
| Cost of Revenue? | $406.87M | $211.85M | $228.99M | $211.03M | $155.26M | $123.49M | $106.46M | $103.88M | $84.45M | $64.80M |
| Gross Profit? | $346.06M | $558.48M | $629.08M | $590.54M | $430.41M | $308.74M | $276.46M | $227.02M | $183.68M | $134.25M |
| Gross Margin? | +46.0% | +72.5% | +73.3% | +73.7% | +73.5% | +71.4% | +72.2% | +68.6% | +68.5% | +67.4% |
| Operating Expenses? | $67.42M | $261.33M | $292.38M | $301.01M | $212.17M | $308.74M | $49.23M | $125.37M | $105.17M | $76.59M |
| Operating Income? | $278.64M | $297.16M | $336.69M | $289.54M | $218.24M | $0 | $227.23M | $101.65M | $78.50M | $57.66M |
| EBITDA? | $471.14M | $531.15M | $626.72M | $532.21M | $379.00M | $260.92M | $225.68M | $188.72M | $150.68M | $112.72M |
| Income Before Tax | $119.38M | $187.04M | $238.58M | $188.45M | $148.63M | $81.15M | $67.36M | $57.14M | $47.16M | $24.87M |
| Income Tax Expense | $3.10M | $3.77M | $1.59M | $4.69M | $1.69M | $1.67M | $1.35M | $818,000 | $1.16M | $13.58M |
| Net Income? | $73.78M | $111.52M | $156.67M | $103.74M | $105.25M | $48.61M | $3.98M | $14.11M | $2.96M | $17.96M |
| EPS? | $0.70 | $1.18 | $2.48 | $0.99 | $1.13 | $0.53 | $1.13 | $0.26 | $0.01 | $0.60 |
| Diluted EPS? | $0.70 | $1.18 | $1.48 | $0.99 | $1.09 | $0.53 | $1.13 | $0.26 | $0.01 | $0.31 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality