Company / Interest Expense
National Storage Affiliates Trust Interest Expense History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$166.1M
FY2023
5-year range
$72.1M / $166.1M
FY2019-FY2023
Trend
+50.2%
vs FY2022
Sector context
#28 of 61
Real Estate
What the data says
At $166M, National Storage Affiliates Trust's interest expense ranks #34 of 61 in the Real Estate sector. Interest Expense has increased for 7 consecutive years, from $24M in FY2016 to $166M in FY2023.
Based on SEC 10-K filings.
$166M in FY2023 with a 5-year CAGR of +31.2%.
Increased from $72M to $166M over the past 2 years.
Real Estate sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +38.5%
- 5-Year CAGR
- +31.2%
- 10-Year CAGR
- -
Sector benchmark
#34 of 61 in Real EstateTop 54% of 61This company $166.1M Sector average $209.9M
▼
-20.9% below sector average
Key checks
Key Insights
- National Storage Affiliates Trust's interest expense has grown for 7 consecutive years.
- 5-year CAGR of +31.2%, indicating consistent growth.
- In FY2023, interest expense increased 50.2% year-over-year.
- Ranks #28 out of 61 companies in the Real Estate sector.
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 | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $166.1M | +50.2% |
| FY2022 | $110.6M | +53.5% |
| FY2021 | $72.1M | +15.1% |
| FY2020 | $62.6M | +10.9% |
| FY2019 | $56.5M | +32.2% |
| FY2018 | $42.7M | +25.4% |
| FY2017 | $34.1M | +41.3% |
| FY2016 | $24.1M | +16.0% |
As of FY2023 · SEC 10-K · Updated Feb 28, 2026