Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $199M | $268M | $331M | $388M | $432M | $586M | $802M | $858M | $770M | $753M |
| Revenue growth | — | 34.7% | 23.4% | 17.2% | 11.4% | 35.5% | 36.9% | 7.0% | -10.2% | -2.3% |
| Operating income | $57.7M | $78.5M | $102M | — | — | — | — | — | — | — |
| Operating margin | 29.0% | 29.3% | 30.7% | — | — | — | — | — | — | — |
| Net income | $18.0M | $2.96M | $14.1M | $3.98M | $48.6M | $105M | $104M | $157M | $112M | $73.8M |
| Net margin | 9.0% | 1.1% | 4.3% | 1.0% | 11.2% | 18.0% | 12.9% | 18.3% | 14.5% | 9.8% |
| EPS (diluted) | $0.31 | $0.01 | $0.07 | -$0.15 | $0.53 | $0.98 | $0.99 | $1.48 | $1.18 | $0.69 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $94.6M | $124M | $162M | $197M | $221M | $331M | $444M | $442M | $363M | $339M |
| Share buybacks | — | — | — | — | $0.00 | $0.00 | $90.1M | $310M | $275M | $0.00 |
| Dividends paid | $26.7M | $47.7M | $62.2M | $74.5M | $90.1M | $132M | $196M | $191M | $172M | $175M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $12.6M | $13.4M | $13.2M | $20.6M | $18.7M | $25.0M | $35.3M | $65.0M | $50.4M | $23.3M |
| Total assets | $1.89B | $2.27B | $2.73B | $3.08B | $3.51B | $5.56B | $6.07B | $5.93B | $5.35B | $5.08B |
| Total liabilities | $913M | $995M | $1.33B | $1.63B | $2.08B | $3.08B | $3.68B | $3.81B | $3.59B | $3.55B |
| Shareholders' equity | $577M | $841M | $917M | $920M | $969M | $1.78B | $1.65B | $1.42B | $1.08B | $946M |
| Retained earnings | -$8.72M | -$55.7M | -$114M | -$197M | -$252M | -$291M | -$397M | -$450M | -$531M | -$652M |
| Shares (wtd avg diluted) | 78.7M | 44.4M | 53.3M | 58.2M | 66.6M | 135M | 91.2M | 146M | 76.8M | 76.6M |
Every figure is extracted from National Storage Affiliates Trust’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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