•
Mar 31, 2023
NSA Q1 2023 Earnings Report
National Storage Affiliates Trust reported first quarter 2023 results, showing a solid quarter of operating results with same store revenue growth above the long-term historical sector average.
Key Takeaways
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.
Net income decreased by 9.8% compared to Q1 2022, totaling $40.4 million.
Core FFO decreased by 2.9% per share compared to Q1 2022, totaling $85.9 million, or $0.66 per share.
Same store NOI increased by 4.8% compared to the same period in 2022.
Acquired 16 wholly-owned self storage properties for approximately $160.5 million during the first quarter of 2023.
NSA
NSA
NSA Revenue by Segment
Forward Guidance
NSA reaffirms its previously provided guidance estimates and related assumptions for the year ended December 31, 2023.