Is National Storage Affiliates Trust (NSA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 68.2% / 30% | 0.5% / 30% | 0.4% / 30% | 0.42% / 5% | ✗ NOT HALAL |
| DJIM | 68.2% / 33% | 0.5% / 33% | 0.4% / 33% | 0.42% / 5% | ✗ NOT HALAL |
| MSCI | 67.5% / 33% | 0.5% / 33% | 0.4% / 33% | 0.42% / 5% | ✗ NOT HALAL |
| S&P | 68.2% / 33% | 0.5% / 33% | 0.4% / 33% | 0.42% / 5% | ✗ NOT HALAL |
| FTSE | 67.5% / 33% | 0.5% / 33% | 0.4% / 50% | 0.42% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 72.6% | |
| Operating Margin | 37.9% | |
| Net Margin | 9.9% | |
| Return on Equity (ROE) | 7.1% | |
| Return on Assets (ROA) | 3.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $339M |
| Free Cash Flow | $299M |
| Total Debt | $3.4B |
| Debt-to-Equity | 223.7 |
| Current Ratio | 0.2 |
| Total Assets | $5.1B |
Price & Trading
| Last Close | $37.36 |
| 50-Day MA | $34.26 |
| 200-Day MA | $31.58 |
| Avg Volume | 2.1M |
| Beta | 1.2 |
|
52-Week Range
$27.43
| |
About National Storage Affiliates Trust (NSA)
National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self-storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2025, the Company held ownership interests in and operated 1,069 self-storage properties, located in 37 states and Puerto Rico with approximately 69.8 million rentable square feet. NSA is one of the largest owners and operators of self-storage properties among public and private companies in the United States. National Storage Affiliates Trust was incorporated in 2013 in Maryland, USA.
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Frequently Asked Questions
Is National Storage Affiliates Trust (NSA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), National Storage Affiliates Trust is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is National Storage Affiliates Trust's debt ratio?
National Storage Affiliates Trust's debt ratio is 68.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 67.5%.
What are National Storage Affiliates Trust's key financial metrics?
National Storage Affiliates Trust has a market capitalization of $5.4B, trailing P/E ratio of 53.7, and revenue of $753M. The company maintains a gross margin of 72.6% and a net margin of 9.9%. Return on equity stands at 7.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.