National Storage Affiliates Trust : NSA-US: Dividend Analysis : June 15th, 2017 (record date) : By the numbers : June 14, 2017

Our analysis is based on comparing National Storage Affiliates Trust with the following peers – SL Green Realty Corp., AG Mortgage Investment Trust, Inc., Acadia Realty Trust and Senior Housing Properties Trust (SLG-US, MITT-US, AKR-US and SNH-US).

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to March 31, 2017), NSA-US paid a medium quality dividend, which represents a yield of 4.04% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during 2 of these years — of these 1 was medium quality and 1 was low quality.
  • The ending cash balance is less than the last full year dividend payment and cannot be relied on to cushion any significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to March 31, 2017), NSA-US paid a medium quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 3.22x), investing cash flow (coverage of -18.49x), issuance cash flow (coverage of 16.44x) and twelve-month prior cash (coverage of 0.35x), for a total dividend coverage of 1.53x.

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) N/A N/A N/A 3.15 2.81 5.18
Dividend Payout (%) N/A N/A N/A 317.65 283.87 576.44

A complete list of metrics and analysis is available on the company page.

Company Profile

National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the top 100 metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.

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