Loading...
•
Mar 31, 2020
NSA Q1 2020 Earnings Report
National Storage Affiliates Trust reported first quarter 2020 results.
Key Takeaways
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.
Net income increased by 21.8% compared to the first quarter of 2019, reaching $15.8 million.
Core FFO increased by 8.1% per share compared to the first quarter of 2019, reaching $37.1 million or $0.40 per share.
Same store NOI grew by 3.5% compared to the same period in 2019, driven by a 3.0% increase in same store total revenues.
The company completed the internalization of SecurCare on March 31, 2020.
Revenue by Segment
Forward Guidance
Given the heightened level of uncertainty in the Company's operations due to the unprecedented growth in unemployment combined with a lack of clarity as to when the COVID-19 pandemic will materially subside, the Company is withdrawing its full-year 2020 guidance, which was included in its February 24, 2020 earnings release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...