Company / SG&A Expense
National Storage Affiliates Trust SG&A Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$51.1M
FY2025
5-year range
$51.0M / $59.3M
FY2021-FY2025
Trend
-11.2%
vs FY2024
Sector context
#74 of 131
Real Estate
What the data says
At $51M, National Storage Affiliates Trust's sg&a expense ranks #58 of 131 in the Real Estate sector. SG&A Expense has declined for 3 consecutive years, from $59M in FY2022 to $51M in FY2025.
Based on SEC 10-K filings.
$51M in FY2025 with a 5-year CAGR of +3.2%.
Improved from $59M to $51M over the past 2 years.
Real Estate sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- -4.8%
- 5-Year CAGR
- +3.2%
- 10-Year CAGR
- -
Sector benchmark
#58 of 131 in Real EstateTop 44% of 131This company $51.1M Sector average $159.5M
▼
-67.9% below sector average
Key checks
Key Insights
- National Storage Affiliates Trust's sg&a expense has declined for 3 consecutive years.
- 5-year CAGR of +3.2%, indicating consistent growth.
- In FY2025, sg&a expense decreased 11.2% year-over-year.
- Ranks #74 out of 131 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 | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $51.1M | -11.2% |
| FY2024 | $57.6M | -2.8% |
| FY2023 | $59.3M | -0.1% |
| FY2022 | $59.3M | +16.3% |
| FY2021 | $51.0M | +16.9% |
| FY2020 | $43.6M | -0.9% |
| FY2019 | $44.0M | +22.6% |
| FY2018 | $35.9M | +19.5% |
| FY2017 | $30.1M | +39.6% |
| FY2016 | $21.5M | +32.4% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026