National Storage Affiliates Trust (NYSE:NSA) announced its earnings results on Monday. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01, Briefing.com reports. The company had revenue of $73.68 million for the quarter, compared to analyst estimates of $71.16 million. National Storage Affiliates Trust had a return on equity of 1.29% and a net margin of 4.96%. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. National Storage Affiliates Trust updated its FY18 guidance to $1.33-1.37 EPS.
National Storage Affiliates Trust (NYSE:NSA) opened at $24.91 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market cap of $1,220.07, a price-to-earnings ratio of 155.70, a P/E/G ratio of 2.27 and a beta of 0.57. National Storage Affiliates Trust has a 12 month low of $21.17 and a 12 month high of $28.55.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.50%. National Storage Affiliates Trust’s payout ratio is currently 700.04%.
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About National Storage Affiliates Trust
National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s operating partnership subsidiary is NSA OP, LP.
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