Company / Cost of Revenue
National Storage Affiliates Trust Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$217.5M
FY2025
5-year range
$155.3M / $229.0M
FY2021-FY2025
Trend
+2.7%
vs FY2024
Sector context
#20 of 32
Real Estate
What the data says
At $218M, National Storage Affiliates Trust's cost of revenue ranks #13 of 32 in the Real Estate sector. Improved from $229M to $218M over the past 2 years.
Based on SEC 10-K filings.
$218M in FY2025 with a 5-year CAGR of +12.0%.
Improved from $229M to $218M over the past 2 years.
Real Estate sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +1.0%
- 5-Year CAGR
- +12.0%
- 10-Year CAGR
- -
Sector benchmark
#13 of 32 in Real EstateTop 38% of 32This company $217.5M Sector average $2.2B
▼
-90.2% below sector average
Key checks
Key Insights
- 5-year CAGR of +12.0%, indicating consistent growth.
- In FY2025, cost of revenue increased 2.7% year-over-year.
- Ranks #20 out of 32 companies in the Real Estate sector.
- Peak cost of revenue was recorded in FY2023.
Company context
Key Data Points
- Altman Z-Score 0.14 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $217.5M | +2.7% |
| FY2024 | $211.9M | -7.5% |
| FY2023 | $229.0M | +8.5% |
| FY2022 | $211.0M | +35.9% |
| FY2021 | $155.3M | +25.7% |
| FY2020 | $123.5M | +11.9% |
| FY2019 | $110.3M | +6.2% |
| FY2018 | $103.9M | +23.0% |
| FY2017 | $84.5M | +30.3% |
| FY2016 | $64.8M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026