NSA Earnings Reports

National Storage Affiliates Trust reported a net income of $26.1 million for Q4 2024, a 75.8% decrease compared to Q4 2023. Core FFO was $81.2 million, or $0.60 per share, a decrease of 11.8% per share compared to the same period last year. Same store NOI decreased by 7.5%, driven by a decrease in same store total revenues and an increase in same store property operating expenses.

National Storage Affiliates Trust reported a net income of $29.8 million for the third quarter of 2024, a decrease of 30.9% compared to the third quarter of 2023. Core FFO was $83.9 million, or $0.62 per share and unit, a decrease of 7.5% per share compared to the third quarter of 2023. Same store NOI decreased by 5.3%, driven by a 3.5% decrease in same store total revenues and an increase of 1.2% in same store property operating expenses.

National Storage Affiliates Trust reported a decrease in net income and Core FFO for the second quarter of 2024, driven by a decline in same store NOI. The company is focused on the internalization of the PRO structure and has made progress on strategic initiatives including asset sales, debt repayment, joint ventures, and share repurchases.

National Storage Affiliates Trust reported a net income of $95.1 million for Q1 2024, a 135.4% increase compared to Q1 2023. Core FFO was $72.4 million, or $0.60 per share, a decrease of 9.1% per share compared to the same period last year. Same store NOI decreased by 3.7%, driven by a 1.5% decrease in same store total revenues and a 4.5% increase in same store property operating expenses.

National Storage Affiliates Trust reported a net income of $108.1 million for the fourth quarter of 2023, a 114.5% increase compared to the fourth quarter of 2022. Core FFO was $83.6 million, or $0.68 per share, a decrease of 4.2% per share compared to the fourth quarter of 2022. Same store NOI decreased by 1.6% due to a rise in property operating expenses.

National Storage Affiliates Trust reported a 7.2% increase in net income to $43.1 million for the third quarter of 2023. However, core funds from operations decreased by 6.9% per share compared to the same period in 2022, driven by increased interest expenses offsetting net operating income gains. Same store NOI decreased slightly by 0.1%.

National Storage Affiliates Trust reported a net income of $45.5 million for Q2 2023, a decrease of 6.1% compared to Q2 2022. Core FFO was $88.2 million, or $0.68 per share, a decrease of 4.2% per share compared to the second quarter of 2022. Same store NOI increased by 3.4% driven by a 2.8% increase in same store total revenues.

National Storage Affiliates Trust reported a net income of $40.4 million for Q1 2023. Core FFO was reported at $85.9 million, or $0.66 per share. Same store NOI increased by 4.8%, driven by a 5.7% increase in same store total revenues.

National Storage Affiliates Trust reported a net income of $50.4 million for Q4 2022, a 17.4% increase compared to Q4 2021. Core FFO increased by 10.9% per share, and same store NOI grew by 9.4%.

National Storage Affiliates Trust reported a net income of $40.2 million, Core FFO of $93.1 million, and same-store NOI growth of 12.1%. The company acquired 23 wholly-owned self storage properties for approximately $321.8 million and issued $200.0 million of senior unsecured notes.

National Storage Affiliates Trust reported a strong second quarter in 2022, with double-digit growth in same store NOI and Core FFO per share. The company was active on the acquisition front, closing on 15 stores valued at over $320 million. The board authorized a share repurchase program, providing strategic flexibility to capital investment opportunities.

National Storage Affiliates Trust reported a strong first quarter in 2022, with a 62.1% increase in net income, a 38.8% increase in core FFO per share, and a 22.2% increase in same-store NOI. These results were driven by strong rental demand, limited supply, and rate growth.

National Storage Affiliates Trust reported a strong fourth quarter and full year 2021, marked by significant increases in net income, core FFO per share, and same-store NOI. The company expanded its portfolio through strategic acquisitions and successfully internalized one of its largest participating regional operators.

National Storage Affiliates Trust reported a strong third quarter in 2021, marked by a 90.2% increase in net income, substantial growth in core FFO per share, and a significant rise in same-store NOI. The company also completed several strategic acquisitions and capital market activities.

National Storage Affiliates Trust reported a strong second quarter in 2021, with a 100.6% increase in net income compared to the same period in 2020, driven by growth in same store NOI of 21.5% and strategic acquisitions. The company has updated its full year guidance for Core FFO per share growth to 24.3% at the midpoint and expects total acquisitions to be well over $1.0 billion.

National Storage Affiliates Trust reported a net income of $27.6 million for Q1 2021, a 75.3% increase compared to Q1 2020. Core FFO was $51.2 million, or $0.49 per share, a 22.5% increase per share compared to the same period last year. Same-store NOI increased by 11.5%, driven by an 8.1% increase in total revenues.

National Storage Affiliates Trust reported a net income of $24.5 million for the fourth quarter of 2020, a 30.2% increase compared to Q4 2019. Same store revenues grew by 4.8% year-over-year, and same store occupancy numbers remain at record levels. The company acquired 33 wholly-owned self storage properties and two expansion projects for $260.5 million.

National Storage Affiliates Trust reported a net income of $21.4 million for the third quarter of 2020, a 29.7% increase compared to the third quarter of 2019. Core FFO was $44.0 million, or $0.44 per share, a 10.0% increase per share compared to the third quarter of 2019. Same store NOI increased by 0.2%, driven by a 0.4% decrease in same store property operating expenses.

National Storage Affiliates Trust reported a net income of $17.8 million and Core FFO of $41.3 million, or $0.41 per share, for the second quarter of 2020. Despite the impact of COVID-19, the company delivered solid year-over-year growth in Core FFO per share of 7.9%.

National Storage Affiliates Trust reported a net income of $15.8 million for Q1 2020, a 21.8% increase compared to Q1 2019. Core FFO was $37.1 million, or $0.40 per share, an 8.1% increase per share compared to the same period last year. Same store NOI growth was 3.5%, driven by a 3.0% increase in same store total revenues.

National Storage Affiliates Trust reported a net income of $18.8 million for Q4 2019, a 30% increase compared to Q4 2018. Core FFO was $36.8 million, or $0.40 per share, an 8.1% increase per share year-over-year. Same store NOI grew by 3.8%, driven by a 2.8% increase in same store total revenues.