Revenue breakdown: Management Fees And Other (39.3%), Property Related Other (24.7%), Tenant Insurance And Protection Plan Fees And Commissions (12.6%).
8-K
National Storage Affiliates Trust and Public Storage executed a Merger Agreement on March 16, 2026, for Public Storage to acquire NSA in an all-stock transaction with an exchange ratio of 0.14 PSA shares per NSA share or OP unit, implying $41.68 per share and an enterprise value of approximately $10.5 billion. The deal includes a new joint venture for 313 NSA properties and is expected to close in Q3 2026 subject to NSA equity holder approval and customary conditions.
$3.0B
Market Cap
$753M
Revenue
$74M
Net Income
Employees1,466
Fundamentals
How The Business Makes Money
Revenue by Segment
Management Fees And Other39.3%($217M)
Property Related Other24.7%($136M)
Tenant Insurance And Protection Plan Fees And Commissions12.6%($70M)
Tenant Warranty Protection12.3%($68M)
Property Management Call Center And Platform Fees9.8%($54M)