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National Storage Affiliates NSA Tenant Warranty Protection or Tenant Insurance — Revenue

Other product segments

Tenant Insurance and Tenant Warranty Protection Plan Revenues
$5M-15.3%
Property Management, Call Center, and Platform Fees
$4.8M+2.1%
Retail Products and Supplies
$300K-25.0%

Similar metrics at other companies

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EXRTenant Reinsurance — Revenue
$89.12M+5.2%
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FNFHome warranty — Revenue
$36M0.0%
Vornado Realty logo
VNOTenant services — Revenue
$11.53M+5.5%
First American Financial logo
FAFHome Warranty — Revenue
$109.8M+1.9%
Loews logo
LNon-Insurance Warranty Revenue
$374M-5.8%
CNA Financial logo
CNAWarranty & Alternative Risks — Revenue
$417M-6.3%

Other financials

Income statement

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Revenue$185.4M-1.6%
Gross profit$133.4M+0.1%
Net income$17.8M+36.8%
EPS (diluted)$0.16+60.0%

Balance sheet

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Cash & equivalents$28.4M+40.6%
Total debt$3.7B-4.4%
Total equity$912.8M-11.7%
Total assets$5.0B-4.2%

Cash flow

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Operating cash flow$87.4M+2.1%
CapEx$10.5M+83.2%
Free cash flow$76.9M-3.7%

Valuation

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Market cap$3.47B-3.3%

Profitability

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Gross margin71.4%-0.8pp
Operating margin30.7%
Net margin10.5%+1.9pp
FCF margin39.6%-4.4pp

Returns & leverage

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Return on equity8.1%+2.4pp
Debt / equity+0.3×

Where this comes from

Reported directly by National Storage Affiliates in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: National Storage Affiliates’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is National Storage Affiliates's tenant warranty protection or tenant insurance — revenue?
National Storage Affiliates (NSA) reported tenant warranty protection or tenant insurance — revenue of $6.5M in Q1 2026.
How has National Storage Affiliates's tenant warranty protection or tenant insurance — revenue changed year-over-year?
National Storage Affiliates's tenant warranty protection or tenant insurance — revenue decreased by 9.7% year-over-year, from $7.2M to $6.5M.
What is the long-term trend for National Storage Affiliates's tenant warranty protection or tenant insurance — revenue?
Over 4 years (2021 to 2025), National Storage Affiliates's tenant warranty protection or tenant insurance — revenue has grown at a 39.9% compound annual growth rate (CAGR), from $7.3M to $28M.
What does tenant warranty protection or tenant insurance — revenue mean?
This metric tracks the total gross revenue generated from the sale of tenant insurance policies and warranty protection plans offered to self-storage customers. It serves as a key indicator of the company's ability to monetize its existing customer base through value-added services beyond base rental income. Growth in this revenue stream reflects both increased product penetration and the successful scaling of ancillary service offerings.