National Storage Affiliates (NSA) - Hoya Hotseat

Hoya Capital

National Storage Affiliates (NSA) - Hoya Hotseat In the News All NSA Mar 28 Written By Alex Pettee, CFA Hoya Capital National Storage Affiliates (NSA) is the fourth-largest self-storage REIT ($4.8B market cap), owning and managing over 1,000 storage facilities across 42 states. NSA's 70M square foot portfolio is focused primarily on secondary and tertiary markets, two-thirds of which are located in the Sunbelt region. CEO David Cramer joins the Hoya Hotseat to discuss the company’s growth strategy, the advantages of its differentiated operating model, and the key long-term demand drivers and near-term market dynamics shaping the self-storage industry.

Continue reading ▶︎ Interviews Press All Hoya Hotseat NSA Alex Pettee, CFA Transcript yeah thanks for having me today um you know we are a self storage reach and we're actually celebrating our 10th anniversary of our IPO this year which is hard to believe um you know we've grown rapidly over those 10 years from approximately about 250 storage properties with a total Enterprise value of a billion dollars when we uh we came out in IPO to almost 1,00 properties today in a total Enterprise value of approximately $9 billion we operate in 42 States and Puerto Rico and approximately two-thirds of our portfolio is in the Sun Belt you know we've been focused on delivering Health rutal returns over the long term uh you know through a combination of internal and external growth uh in fact we've let our peers in total return since I and have a current dividend yield of about 6% and we've grown that dividend 200% since our IPO so uh amazing how fast 10 years goes by but it's been a good success story so far yeah you know um why we became a re is is we had several private operators that you know in Self Storage it's um it's hard to consolidate and get scale it's hard to find you know ...