Loading...
•
Jun 30, 2020
NSA Q2 2020 Earnings Report
NSA's Q2 2020 results were reported, demonstrating resilience amid COVID-19 and economic recession.
Key Takeaways
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%.
Net income increased by 0.3% compared to Q2 2019, reaching $17.8 million.
Core FFO increased by 7.9% per share compared to Q2 2019, amounting to $41.3 million, or $0.41 per share.
Same store NOI decreased by 1.2% compared to the same period in 2019, driven by a 1.1% decrease in same store total revenues.
Acquired four wholly-owned self storage properties for $36.2 million during the second quarter of 2020.
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
Due to the continued uncertain impacts of the COVID-19 pandemic and the current economic recession on the Company's operating results, the Company is not providing updated 2020 annual guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income