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National Storage Affiliates
Self-storage / Self-storage facility management
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National Storage Affiliates is a real estate investment trust (REIT) that acquires, owns, and operates self-storage properties in the United States. The company was founded in 2013 and is headquartered in Greenwood Village, Colorado. National Storage Affiliates focuses on acquiring and managing smaller, regional self-storage operators, with a particular emphasis on properties in secondary and tertiary markets. The company has a portfolio of over 800 storage facilities, encompassing over 55 million rentable square feet.
National Storage Affiliates operates under a unique structure, known as the "REIT REIT" model. This model involves acquiring self-storage properties through affiliated regional operators, who then become shareholders and managers of the company. This structure allows National Storage Affiliates to benefit from the expertise and local market knowledge of these operators, while also providing a stable and diversified portfolio of properties.
In addition to its primary focus on acquiring and operating self-storage properties, National Storage Affiliates also offers third-party property management services. The company's management team has extensive experience in the self-storage industry and a strong track record of growing and maximizing the value of properties.
National Storage Affiliates is traded on the New York Stock Exchange under the ticker symbol NSAA. The company has a strong financial performance, with consistent revenue growth and dividends to shareholders. National Storage Affiliates is committed to sustainable and responsible business practices, including environmental, social, and governance initiatives.
National Storage Affiliates operates under a unique structure, known as the "REIT REIT" model. This model involves acquiring self-storage properties through affiliated regional operators, who then become shareholders and managers of the company. This structure allows National Storage Affiliates to benefit from the expertise and local market knowledge of these operators, while also providing a stable and diversified portfolio of properties.
In addition to its primary focus on acquiring and operating self-storage properties, National Storage Affiliates also offers third-party property management services. The company's management team has extensive experience in the self-storage industry and a strong track record of growing and maximizing the value of properties.
National Storage Affiliates is traded on the New York Stock Exchange under the ticker symbol NSAA. The company has a strong financial performance, with consistent revenue growth and dividends to shareholders. National Storage Affiliates is committed to sustainable and responsible business practices, including environmental, social, and governance initiatives.
What is special about the company?
1. Largest Third-Party Storage Operator: National Storage Affiliates (NSA) is the largest third-party storage operator in the United States, with 1,100+ self-storage properties across 40 states.
2. Unique Ownership Structure: NSA has a unique structure where it is the only publicly traded real estate investment trust (REIT) that is organized as a holding company. This allows for a more efficient and tax-advantaged structure for investors.
3. Strategic Geographic Diversification: NSA has a strategic focus on geographic diversification, with properties spread across various markets and regions in the US. This helps mitigate risks associated with local economic conditions and enhances long-term stability.
4. Strong Financial Performance: The company has consistently shown strong financial performance, with steady revenue and income growth. This has resulted in consistent and increasing dividends for shareholders.
5. Experienced Management Team: NSA has a highly experienced management team with a proven track record in the self-storage industry. They have a deep understanding of the market and have a history of successful acquisitions and operations.
6. Innovative Technology: NSA has invested in innovative technology to improve the customer experience, including an online rental platform, automated rental kiosks, and a mobile app for managing storage rentals and payments.
7. Commitment to Sustainability: The company is committed to sustainable practices, such as energy efficiency and reducing its carbon footprint, through the use of solar energy, LED lighting, and other eco-friendly initiatives.
8. Focus on Community Engagement: NSA has a strong focus on giving back to the communities they operate in through various charitable initiatives and partnerships with local organizations.
9. Proven Acquisition Strategy: NSA has a proven strategy for identifying and acquiring high-quality properties, which has contributed to its growth and success in the industry.
10. Industry Recognition: The company has received numerous awards and recognitions, including being named as one of the Best Places to Work in 2020 by the Denver Business Journal and one of the Top Self Storage Operators in 2020 by the National Association of Real Estate Investment Trusts (NAREIT).
2. Unique Ownership Structure: NSA has a unique structure where it is the only publicly traded real estate investment trust (REIT) that is organized as a holding company. This allows for a more efficient and tax-advantaged structure for investors.
3. Strategic Geographic Diversification: NSA has a strategic focus on geographic diversification, with properties spread across various markets and regions in the US. This helps mitigate risks associated with local economic conditions and enhances long-term stability.
4. Strong Financial Performance: The company has consistently shown strong financial performance, with steady revenue and income growth. This has resulted in consistent and increasing dividends for shareholders.
5. Experienced Management Team: NSA has a highly experienced management team with a proven track record in the self-storage industry. They have a deep understanding of the market and have a history of successful acquisitions and operations.
6. Innovative Technology: NSA has invested in innovative technology to improve the customer experience, including an online rental platform, automated rental kiosks, and a mobile app for managing storage rentals and payments.
7. Commitment to Sustainability: The company is committed to sustainable practices, such as energy efficiency and reducing its carbon footprint, through the use of solar energy, LED lighting, and other eco-friendly initiatives.
8. Focus on Community Engagement: NSA has a strong focus on giving back to the communities they operate in through various charitable initiatives and partnerships with local organizations.
9. Proven Acquisition Strategy: NSA has a proven strategy for identifying and acquiring high-quality properties, which has contributed to its growth and success in the industry.
10. Industry Recognition: The company has received numerous awards and recognitions, including being named as one of the Best Places to Work in 2020 by the Denver Business Journal and one of the Top Self Storage Operators in 2020 by the National Association of Real Estate Investment Trusts (NAREIT).
What the company's business model?
National Storage Affiliates (NSA) is a real estate investment trust (REIT) that specializes in the ownership, operation, and acquisition of self-storage facilities. The company's business model involves acquiring, managing, and optimizing self-storage properties, primarily through joint ventures and partnerships with local operators.
NSA's strategy is to leverage its scale, experience, and expertise to create value for its stakeholders, including shareholders, tenants, and employees. The company focuses on high-growth markets with favorable demographic trends and strong demand for self-storage facilities.
NSA generates revenue primarily through the rental income from its self-storage portfolio, which includes both owned and managed facilities. The company also offers various services to its tenants, such as insurance, moving supplies, and truck rentals, to generate additional income.
In addition, NSA operates a third-party management program, through which it provides management services to third-party owners of self-storage facilities in exchange for a fee. This allows the company to expand its footprint and diversify its revenue streams.
Overall, NSA's business model centers around acquiring and managing self-storage properties to generate income and create long-term value for its stakeholders.
NSA's strategy is to leverage its scale, experience, and expertise to create value for its stakeholders, including shareholders, tenants, and employees. The company focuses on high-growth markets with favorable demographic trends and strong demand for self-storage facilities.
NSA generates revenue primarily through the rental income from its self-storage portfolio, which includes both owned and managed facilities. The company also offers various services to its tenants, such as insurance, moving supplies, and truck rentals, to generate additional income.
In addition, NSA operates a third-party management program, through which it provides management services to third-party owners of self-storage facilities in exchange for a fee. This allows the company to expand its footprint and diversify its revenue streams.
Overall, NSA's business model centers around acquiring and managing self-storage properties to generate income and create long-term value for its stakeholders.
Interesting facts about the company
- National Storage Affiliates is an American self-storage real estate investment trust (REIT) that operates over 800 properties in 35 states.
- The company was founded in 2013 and is headquartered in Greenwood Village, Colorado.
- National Storage Affiliates owns and operates self-storage properties under a variety of brand names, including SmartStop Self Storage, SecurCare Self Storage, and iStorage.
- As of 2021, National Storage Affiliates is the sixth largest self-storage REIT in the United States by market capitalization.
- The company has a strong focus on sustainability and has implemented environmental initiatives such as solar panel installations, LED lighting retrofits, and rainwater harvesting systems.
- National Storage Affiliates has a diverse portfolio, with properties ranging from small, budget-friendly facilities to large, state-of-the-art facilities.
- The company has a partnership with the national charity Kure It Cancer Research, encouraging tenants to donate to cancer research through their monthly rent payments.
- In 2018, National Storage Affiliates was named one of the Best Places to Work by the Denver Business Journal.
- The company has a robust online platform, allowing customers to easily reserve, pay for, and manage their self-storage units from anywhere.
- National Storage Affiliates has a strong track record of growth and has consistently increased its dividend payments to shareholders since its initial public offering in 2015.
See Company Due Diligence:
- The company was founded in 2013 and is headquartered in Greenwood Village, Colorado.
- National Storage Affiliates owns and operates self-storage properties under a variety of brand names, including SmartStop Self Storage, SecurCare Self Storage, and iStorage.
- As of 2021, National Storage Affiliates is the sixth largest self-storage REIT in the United States by market capitalization.
- The company has a strong focus on sustainability and has implemented environmental initiatives such as solar panel installations, LED lighting retrofits, and rainwater harvesting systems.
- National Storage Affiliates has a diverse portfolio, with properties ranging from small, budget-friendly facilities to large, state-of-the-art facilities.
- The company has a partnership with the national charity Kure It Cancer Research, encouraging tenants to donate to cancer research through their monthly rent payments.
- In 2018, National Storage Affiliates was named one of the Best Places to Work by the Denver Business Journal.
- The company has a robust online platform, allowing customers to easily reserve, pay for, and manage their self-storage units from anywhere.
- National Storage Affiliates has a strong track record of growth and has consistently increased its dividend payments to shareholders since its initial public offering in 2015.
See Company Due Diligence:
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