MicroStockHub/iStock via Getty Images Introduction National Storage Affiliates (NYSE:NSA) has performed in line with the Vanguard Real Estate Index Fund ETF (VNQ) so far in 2024, posting a mid-single-digit total return: ● 55 NSA vs VNQ in 2024 (Seeking Alpha) I also covered the shares back in June 2024, arguing deteriorating operating performance was not adequately reflected in the company's valuation. The recently released Q2 2024 results have strengthened my conviction there is no alpha to be found in Nat ...