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NATIONAL STORAGE AFFILIATES TRUST

(NSA)
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National Storage: Q1 Earnings Snapshot

05/04/2021 | 05:38pm EDT

GREENWOOD VILLAGE, Colo. (AP) _ National Storage Affiliates (NSA) on Tuesday reported a key measure of profitability in its first quarter. The results topped Wall Street expectations.

The Greenwood Village, Colorado-based real estate investment trust said it had funds from operations of $51.2 million, or 49 cents per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 45 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $17.6 million, or 19 cents per share.

The real estate investment trust posted revenue of $123 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $120.1 million.

National Storage expects full-year funds from operations in the range of $1.89 to $1.93 per share.

The company's shares have increased 26% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $45.47, a rise of 75% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NSA at https://www.zacks.com/ap/NSA

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2021 517 M - -
Net income 2021 66,7 M - -
Net Debt 2021 2 589 M - -
P/E ratio 2021 -
Yield 2021 3,10%
Capitalization 3 508 M 3 508 M -
EV / Sales 2021 11,8x
EV / Sales 2022 12,2x
Nbr of Employees 924
Free-Float 80,6%
Chart NATIONAL STORAGE AFFILIATES TRUST
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Technical analysis trends NATIONAL STORAGE AFFILIATES TRUST
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 44,89 $
Last Close Price 45,74 $
Spread / Highest target 20,2%
Spread / Average Target -1,86%
Spread / Lowest Target -14,7%
EPS Revisions
Managers and Directors
NameTitle
Tamara D. Fischer President, Chief Executive Officer & Trustee
Brandon S. Togashi CFO, Treasurer & Executive Vice President
Arlen D. Nordhagen Executive Chairman
David G. Cramer Chief Operating Officer & Executive Vice President
George L. Chapman Independent Trustee
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BIG YELLOW GROUP PLC12.22%3 010