Sterling Partners Equity: “NSA will Continue to Offer Us Good Returns Over Time”

Sterling Partners Equity Advisors, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. The Fund owns well-capitalized companies that earn good returns over cycles. They sell differentiated products and services that serve a niche, with a “moat” to quote Morningstar, and the fund buys them at what they believe are attractive prices. The fund will be looking for more of them in 2022. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Sterling Partners Equity Advisors, in its Q4 2021 investor letter, mentioned National Storage Affiliates Trust (NYSE:NSA) and discussed its stance on the firm. Founded in 2013, National Storage Affiliates Trust (NYSE:NSA) is a Colorado-based real estate investment trust company with an $8.0 billion market capitalization and is currently spearheaded by its CEO, Tamara D. Fischer. National Storage Affiliates Trust (NYSE:NSA) delivered a -11.47% return since the beginning of the year, while its 12-month returns are up by 52.05%. The stock closed at $61.26 per share on March 25, 2022.

Here is what Sterling Partners Equity Advisors has to say about National Storage Affiliates Trust (NYSE:NSA) in its Q4 2021 investor letter:

“National Storage Affiliates Trust is a real estate investment trust focused on the ownership, operation, and acquisition of self-storage properties located within the top 100 metropolitan statistical areas throughout the United States.

NSA continues to add self-storage properties to its portfolio with 76 wholly-owned self-storage properties during the third quarter and during the 4th quarter prior to reporting results acquired 39 properties.

Our thesis is that outside storage will continue to gain share from residential and commercial properties primarily due to growing needs for convenience and security. We believe that the purchase price is fair and that NSA will continue to offer us good returns over time.”

STUDIO GRAND OUEST/Shutterstock.com

Our calculations show that National Storage Affiliates Trust (NYSE:NSA) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. National Storage Affiliates Trust (NYSE:NSA) was in 23 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 21 funds in the previous quarter. National Storage Affiliates Trust (NYSE:NSA) delivered a -8.69% return in the past 3 months.

In March 2022, we also shared another hedge fund’s views on National Storage Affiliates Trust (NYSE:NSA) in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.