What are some of NSA biggest competitors also how did they perform after earnings results


Aime
National Storage Affiliates Trust (NSA) faces competition from several key players in the self-storage industry. Here are some of its main competitors and their performance after earnings results:
- Public Storage (PSA):
- Financial Performance: Public Storage reported a revenue of $3.4 billion in 20231.
- Recent Developments: Public Storage acquired Simply Self Storage for $2.2 billion, marking the largest acquisition in the company's history1.
- Extra Space Storage Inc. (EXR):
- Financial Performance: Extra Space Storage reported a revenue of $1.53 billion in 20231.
- Recent Developments: Extra Space Storage opened 21 new facilities in Houston1.
- CubeSmart (CUBE):
- Financial Performance: CubeSmart reported a revenue of $781 million in 20231.
- Recent Developments: CubeSmart's second-quarter net operating income decreased 1.2% year over year2.
- StorageMart:
- Financial Performance: StorageMart has a portfolio of 20 million net rentable square feet across the U.S., Canada, and the U.K.3.
- Recent Developments: StorageMart acquired Manhattan Mini Storage for $3 billion, expanding its presence in the market3.
- Merit Hill Capital:
- Financial Performance: Merit Hill Capital has a portfolio of 15.6 million square feet across 33 states3.
- Recent Developments: Merit Hill Capital uses third-party operators to manage its properties, including Extra Space Storage and CubeSmart3.
- National Storage:
- Financial Performance: National Storage reported a net income of $95.09 million and a diluted EPS of $0.65 for the latest quarter4.
- Recent Developments: National Storage has a diverse range of self-storage solutions and operates in over 80 locations4.
Competitors' Performance After Earnings Results:
- Public Storage (PSA): Public Storage's financial reports and quarterly results are not available.
- Extra Space Storage Inc. (EXR): Extra Space Storage reported financial results for the third and fourth quarters of 2023, which showed strong performance with funds from operations (FFO) and revenue exceeding estimates5.
- CubeSmart (CUBE): CubeSmart's financial statements show a net operating income decrease of 1.2% year over year, resulting from 0.3% revenue growth and a 4.2% increase in operating expenses2.
- StorageMart: StorageMart's acquisition of Manhattan Mini Storage indicates a strategic expansion, but financial performance details are not available.
- Merit Hill Capital: Merit Hill Capital's use of third-party operators suggests a focus on growth through partnerships, but specific financial performance is not available.
- National Storage: NSA's financial performance shows strong net income growth, but the industry faces challenges and competitive pressures1.
In conclusion, while NSA has demonstrated strong net income growth, the self-storage industry is competitive, and market conditions can impact stock performance. Investors should consider the company's financial performance, industry trends, and future business ventures when evaluating the stock's potential after earnings results.
Source:
f
1.
16 Biggest Self Storage Companies in the US
more
less
Continue this conversation 

Explore
Screener
Analysis
Learn
News
Wiki