PSA - National Storage Affiliates: Short-Term Pain Long-Term Gain
2024-03-26 08:15:00 ET
Summary
- National Storage Affiliates is trading below its historical valuations, presenting a potential opportunity for investors.
- NSA has a strategy of owning properties in secondary markets with above-average population growth, positioning it for long-term growth.
- Despite a slowdown in operating metrics, NSA has achieved strong growth in revenue and NOI over the past five years and has potential for a rebound in performance.
REITs can be a great place to boost one’s cash flow, especially when they are discounted by the market. Such appears to be the environment now, particularly in the once high-flying self-storage segment, as a number of names are trading below their historical valuations....
National Storage Affiliates: Short-Term Pain, Long-Term Gain