National Storage Affiliates Trust
NYSE:NSA

  • LAST PRICE
    36.7600
  • TODAY'S CHANGE (%)
    -0.1000 (-0.2713%)
  • Bid / Lots
    34.7100/ 1
  • Ask / Lots
    37.2900/ 1
  • Open / Previous Close
    36.9000 / 36.8600
  • Day Range
    36.5300
    36.9000
  • 52 Week Range
    27.8608
    42.5400
  • Volume
    476,624

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  • May 1, 2024

      Show headlines and story abstract

    • 4:27PM ET on Wednesday May 01, 2024 by MT Newswires
      Companies Mentioned: NSA
      04:27 PM EDT, 05/01/2024 (MT Newswires) -- ...

    • 4:05PM ET on Wednesday May 01, 2024 by Business Wire
      Companies Mentioned: NSA

      National Storage Affiliates Trust ("NSA" or the "Company") (NYSE: NSA) today reported the Company's first quarter 2024 results.

      First Quarter 2024 Highlights

      Reported net income of $95.1 million for the first quarter of 2024, an increase of 135.4% compared to the first quarter of 2023. Reported diluted earnings per share of $0.65 for the first quarter of 2024 compared to $0.24 for the first quarter of 2023. Reported core funds from operations ("Core FFO") of $72.4 million, or $0.60 per share for the first quarter of 2024, a decrease of 9.1% per share compared to the first quarter of 2023. Reported a decrease in same store net operating income ("NOI") of 3.7% for the first quarter of 2024 compared to the same period in 2023, driven by a 1.5% decrease in same store total revenues and an increase of 4.5% in same store property operating expenses. Reported same store period-end occupancy of 85.9% as of March 31, 2024, a decrease of 350 basis points compared to March 31, 2023. Repurchased 5,491,925 of the Company's common shares for approximately $203.5 million under the previously announced share repurchase program. As previously announced, entered into a new joint venture (the "2024 Joint Venture") agreement between a subsidiary of NSA (the "2024 JV NSA Member") and a subsidiary of Heitman Capital Management LLC (the "2024 JV Investor" and together with the 2024 JV NSA Member, the "2024 JV Members"), with NSA as a 25% owner and the 2024 JV Investor as a 75% owner. NSA contributed 56 wholly-owned properties for approximately $346.5 million to the 2024 Joint Venture. A subsidiary of NSA serves as the manager of the 2024 Joint Venture. Completed the sale of 71 wholly-owned self storage properties for approximately $540.0 million pursuant to a previously announced agreement entered into during the fourth quarter of 2023. 32 of the properties were sold in December 2023, while the remaining 39 properties were sold during the first quarter of 2024. As previously announced, repaid $130.0 million of Term Loan Tranche B. After this repayment and taking into account the Company's interest rate swaps, the Company has no variable rate debt exposure other than the revolving line of credit.

    • 4:05PM ET on Wednesday May 01, 2024 by Dow Jones
      Companies Mentioned: NSA

      (END) Dow Jones Newswires

      May 01, 2024 16:05 ET (20:05 GMT)

    • 4:05PM ET on Wednesday May 01, 2024 by Dow Jones
      Companies Mentioned: NSA

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