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NSA (National Storage Affiliates Trust) Gross Margin % : 72.59% (As of Jun. 2024)


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What is National Storage Affiliates Trust Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. National Storage Affiliates Trust's Gross Profit for the three months ended in Jun. 2024 was $138.2 Mil. National Storage Affiliates Trust's Revenue for the three months ended in Jun. 2024 was $190.4 Mil. Therefore, National Storage Affiliates Trust's Gross Margin % for the quarter that ended in Jun. 2024 was 72.59%.


The historical rank and industry rank for National Storage Affiliates Trust's Gross Margin % or its related term are showing as below:

NSA' s Gross Margin % Range Over the Past 10 Years
Min: 63.74   Med: 70.02   Max: 73.67
Current: 72.8


During the past 12 years, the highest Gross Margin % of National Storage Affiliates Trust was 73.67%. The lowest was 63.74%. And the median was 70.02%.

NSA's Gross Margin % is ranked better than
58.06% of 682 companies
in the REITs industry
Industry Median: 68.53 vs NSA: 72.80

National Storage Affiliates Trust had a gross margin of 72.59% for the quarter that ended in Jun. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for National Storage Affiliates Trust was 1.30% per year.


National Storage Affiliates Trust Gross Margin % Historical Data

The historical data trend for National Storage Affiliates Trust's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

National Storage Affiliates Trust Gross Margin % Chart

National Storage Affiliates Trust Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 71.55 71.43 73.49 73.67 73.31

National Storage Affiliates Trust Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.27 73.62 72.12 72.59 72.78

Competitive Comparison of National Storage Affiliates Trust's Gross Margin %

For the REIT - Industrial subindustry, National Storage Affiliates Trust's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


National Storage Affiliates Trust's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, National Storage Affiliates Trust's Gross Margin % distribution charts can be found below:

* The bar in red indicates where National Storage Affiliates Trust's Gross Margin % falls into.



National Storage Affiliates Trust Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

National Storage Affiliates Trust's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=629.1 / 858.063
=(Revenue - Cost of Goods Sold) / Revenue
=(858.063 - 228.986) / 858.063
=73.31 %

National Storage Affiliates Trust's Gross Margin for the quarter that ended in Jun. 2024 is calculated as


Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=138.2 / 190.448
=(Revenue - Cost of Goods Sold) / Revenue
=(190.448 - 52.201) / 190.448
=72.59 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


National Storage Affiliates Trust  (NYSE:NSA) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

National Storage Affiliates Trust had a gross margin of 72.59% for the quarter that ended in Jun. 2024 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


National Storage Affiliates Trust Gross Margin % Related Terms

Thank you for viewing the detailed overview of National Storage Affiliates Trust's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


National Storage Affiliates Trust Business Description

Traded in Other Exchanges
Address
8400 East Prentice Avenue, 9th Floor, Greenwood Village, CO, USA, 80111
National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. With the help of property management platform, the company manages and controls the day-to-day operations and affairs of consolidated properties and unconsolidated real estate ventures under the iStorage, SecurCare, Northwest and Move It brands.
Executives
Chad Leroy Meisinger director 71 VIA SONRISA, SAN CLEMENTE CA 92673
Arlen Dale Nordhagen director, 10 percent owner, officer: Chief Executive Officer 5200 DTC PARKWAY, STE 200, GREENWOOD VILLAGE CO 80111
Tamara D Fischer officer: Chief Financial Officer 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
Cowan William S. Jr. officer: Chief Strategy Officer 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Derek Bergeon officer: Chief Operating Officer 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Tiffany S. Kenyon officer: Chief Legal Officer C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
J. Timothy Warren director C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
David Cramer officer: Chief Operating Officer 8400 E. PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Hylbert Paul William Jr director 2705 SOUTH BOSTON COURT, DENVER CO 802231
Mourick Mark Van director 24901 DANA POINT HARBOR DRIVE, SUITE 230, DANA POINT CA 92629
Charles F Wu director C/O NATIONAL STORAGE AFFILIATES TRUST, 8400 EAST PRENTICE AVENUE, 9TH FLOOR, GREENWOOD VILLAGE CO 80111
Rebecca Lee Steinfort director 2500 W EXECUTIVE PKWY, #100, LEHI UT 84043
Brandon Togashi officer: Chief Accounting Officer C/O NATIONAL STORAGE AFFILIATES TRUST, 5200 DTC PARKWAY, SUIT 200, GREENWOOD VILLAGE CO 80111
Steven B Treadwell officer: Senior Vice President 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
Kevin Maxen Howard director, 10 percent owner 14855 SE 82ND DRIVE, CLACKAMAS OR 97015