National Storage Affiliates-National Storage (NSA) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - National Storage (NSA) reported revenue of $193.62 million for the quarter ended September 2024, reflecting an 11.7% decrease year-over-year, while EPS increased to$ 0.62 from $0.26 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of$ 191.39 million by 1.17%, and the EPS also surpassed the consensus estimate of $0.60 by 3.33% [1] Revenue Breakdown - Rental revenue was reported at$ 174.47 million, slightly above the estimated $173.89 million, but showed a significant decline of 13.6% compared to the previous year [3] - Management fees and other revenue reached$ 11.75 million, exceeding the average estimate of $10.81 million, marking a year-over-year increase of 23% [3] - Other property-related revenue was$ 7.41 million, slightly above the estimated $7.10 million, but represented a decrease of 4.6% year-over-year [3] Earnings Performance - The diluted earnings per share (EPS) was reported at$ 0.18, which is higher than the average estimate of $0.14 [3] Stock Performance - Over the past month, shares of National Storage have declined by 10.4%, contrasting with the Zacks S&P 500 composite's increase of 1.8% [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]