NSA
National Storage Affiliates Trust Real Estate - REIT - Industrial Investor Relations →
National Storage Affiliates Trust (NSA) closed at $32.68 as of 2026-02-02, trading 4.6% below its 200-week moving average of $34.24. This places NSA in the below line zone. The stock moved further from the line this week, up from -7.3% last week. The 14-week RSI sits at 64, indicating neutral momentum.
Over the past 515 weeks of data, NSA has crossed below its 200-week moving average 7 times. On average, these episodes lasted 18 weeks. Historically, investors who bought NSA at the start of these episodes saw an average one-year return of +21.8%.
With a market cap of $4.8 billion, NSA is a mid-cap stock. The company generates a free cash flow yield of 5.3%, which is healthy. Return on equity stands at 6.2%. The stock trades at 4.0x book value.
The company has been aggressively buying back shares, reducing its share count by 16.3% over the past three years.
Over the past 10 years, a hypothetical investment of $100 in NSA would have grown to $246, compared to $396 for the S&P 500. NSA has returned 9.4% annualized vs 14.8% for the index, underperforming the broader market over this period.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Growth of $100: NSA vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NSA Crosses Below the Line?
Across 7 historical episodes, buying NSA when it crossed below its 200-week moving average produced an average return of +10.4% after 12 months (median -1.0%), compared to +26.7% for the S&P 500 over the same periods. 43% of those episodes were profitable after one year. After 24 months, the average return was +47.7% vs +51.5% for the index.
Each line shows $100 invested at the moment NSA crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NSA has crossed below its 200-week MA 7 times with an average 1-year return of +21.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Mar 2020 | Mar 2020 | 1 | 2.5% | +69.4% | +82.4% |
| May 2020 | May 2020 | 1 | 1.9% | +84.5% | +78.6% |
| Oct 2022 | Nov 2022 | 1 | 2.4% | -14.1% | +5.1% |
| Nov 2022 | Jan 2023 | 9 | 7.0% | -10.2% | +2.2% |
| Apr 2023 | Dec 2023 | 35 | 27.6% | +0.5% | -1.2% |
| Jan 2024 | Jun 2024 | 22 | 11.5% | +0.8% | -3.2% |
| Dec 2024 | Ongoing | 60+ | 22.5% | Ongoing | -7.4% |
| Average | 18 | — | +21.8% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02