GREENWOOD VILLAGE, Colo. - National Storage Affiliates Trust (NYSE: NYSE:NSA), a real estate investment trust focused on self-storage properties, announced the promotion of Melissa Cameron to Chief Marketing Officer, effective April 1, 2024. Cameron previously held the position of Senior Vice President of Customer Acquisitions.
David Cramer, President and CEO of the company, acknowledged Cameron's pivotal role in the company's marketing strategies, praising her contributions to the evolution of NSA's marketing, pricing, and call center operations.
Cameron, with over 25 years in digital marketing, joined NSA in November 2018 as Vice President of Marketing before being promoted to Senior Vice President of Customer Acquisitions in 2021. Her responsibilities included overseeing marketing, the call center, pricing, and technology functions related to customer acquisition strategies.
Prior to NSA, Cameron served as Senior Director of Digital Marketing at Extra Space Storage (NYSE:EXR).
NSA, headquartered in Greenwood Village, Colorado, operates as a REIT, with a portfolio that includes 1,050 self-storage properties across 42 states and Puerto Rico as of December 31, 2023.
The company is recognized as one of the largest owners and operators of self-storage properties in the U.S. and is listed on several indices, including the MSCI US REIT Index, the Russell 1000 Index, and the S&P MidCap 400 Index.
In addition, NSA management is set to participate in Nareit's REITweek 2024 Conference from June 4-6 in New York, further engaging with the investment community.
This article is based on a press release statement from National Storage Affiliates Trust.
InvestingPro Insights
National Storage Affiliates Trust (NYSE: NSA) has shown a strong commitment to shareholder value, as evidenced by the company's aggressive share buyback program. This move underscores management's confidence in the company's financial health and future prospects. Furthermore, NSA's dedication to providing returns to investors is highlighted by its impressive track record of raising its dividend for 9 consecutive years, a testament to its stable and growing financial performance.
The company's financial metrics paint a picture of robust profitability and growth. With a market capitalization of $4.57 billion and a healthy P/E ratio of 24.73, which adjusts to 30.62 for the last twelve months as of Q4 2023, NSA's valuation reflects its earnings power.
The PEG ratio for the same period stands at an attractive 0.45, suggesting that the company's earnings growth is not fully priced in by the market. Additionally, NSA's gross profit margin of 75.12% indicates a strong ability to control costs and generate income from its revenue streams.
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