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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
Revenue by Segment
Rental Revenue
CapyFin.comOther Property-Related Revenue
CapyFin.comManagement Fees and Other Revenue
CapyFin.com Forward Guidance
NSA reaffirms its previously provided guidance estimates and related assumptions for the year ended December 31, 2023.