National Storage Affiliates Tr Stock Price, News & Analysis

National Storage Affiliates Trust (NSA) reported third quarter 2022 results with a net income of $40.2 million, down 1.4% year-over-year. Diluted earnings per share were $0.21, compared to $0.26 in Q3 2021. Core FFO rose significantly by 26.3% to $93.1 million or $0.72 per share. Same store NOI increased by 12.1%, driven by a 10.7% revenue rise. Occupancy fell to 92.6%, down 350 basis points. NSA acquired 23 properties for $321.8 million and issued $200 million in senior unsecured notes. Management forecasts Core FFO per share for 2022 at $2.80 to $2.82.

National Storage Affiliates Trust (NSA) will release its third quarter 2022 financial results after market close on November 2, 2022. A conference call to discuss the results is scheduled for 1:00 p.m. ET on November 3, 2022. Investors can access the call via a dedicated webcast. The company operates 1,076 self-storage properties across 42 states and Puerto Rico, covering approximately 69.9 million rentable square feet. NSA is a prominent player in the self-storage sector and is part of significant indices including the S&P MidCap 400.

National Storage Affiliates Trust (NSA) has declared cash dividends for Q3 2022. Shareholders of record as of September 15, 2022, will receive a dividend of $0.55 per common share, equating to an annualized rate of $2.20. Additionally, a dividend of $0.375 per share will be paid on the 6.000% Series A Cumulative Redeemable Preferred Shares. These dividends are payable on September 30, 2022. NSA continues to own and operate 1,076 self-storage properties across the U.S. and Puerto Rico as of June 30, 2022.

National Storage Affiliates Trust (NSA) reported a strong second quarter 2022, with a net income of $48.4 million, up 35.7% from 2021. Core funds from operations increased by 29.1% per share, totaling $91.6 million. Same-store net operating income grew 17.3%, driven by a 14.6% rise in revenues. NSA acquired eight self-storage properties for $114.5 million and executed a $285 million term loan at an effective rate of 3.34%. The company also initiated a $400 million share repurchase program to enhance shareholder value as it navigates economic challenges.

National Storage Affiliates Trust (NSA) will announce financial results for the three months ending June 30, 2022, on August 3, 2022, after market close. A conference call to discuss these results, market conditions, and future outlook will take place on August 4, 2022, at 1:00 p.m. ET. The call will be accessible via webcast. The company, headquartered in Greenwood Village, Colorado, owns and operates 1,061 self-storage properties across 42 states and Puerto Rico, totaling approximately 68.4 million rentable square feet.

National Storage Affiliates Trust (NSA) announced the promotion of David Cramer to President and Chief Operating Officer, effective July 1, 2022. This decision highlights Cramer's growing responsibilities and contributions to the company. CEO Tamara Fischer expressed confidence that Cramer’s leadership will enhance operational execution and facilitate growth through acquisitions. NSA, a prominent real estate investment trust, operates over 1,061 self-storage facilities across the U.S. and Puerto Rico, encompassing approximately 68.4 million rentable square feet.

National Storage Affiliates Trust (NSA) announced a significant dividend increase for the second quarter of 2022. The Board of Trustees declared a $0.55 cash dividend per common share, marking a 45% year-over-year rise and a 10% increase from the previous quarter. This is the largest dividend increase in the company's history and the fifth consecutive quarterly increase. The dividend will be payable on June 30, 2022, to shareholders of record as of June 15, 2022. NSA's management highlighted this growth as a key driver of shareholder returns.

National Storage Affiliates Trust (NSA) reported its Q1 2022 results, posting a net income of $44.8 million, a 62.1% increase year-over-year. Diluted earnings per share rose to $0.24 from $0.19. Core funds from operations reached $87.4 million, or $0.68 per share, an increase of 38.8% compared to Q1 2021. Same-store net operating income grew 22.2%, with a 16.6% rise in revenues. The company acquired 12 properties for approximately $92.9 million and issued $125 million in senior unsecured notes. Kroll upgraded NSA's credit rating to BBB+ with a Stable Outlook.

National Storage Affiliates Trust (NSA) will release its financial results for Q1 2022 on May 4, 2022, after market close. A conference call is scheduled for May 5, 2022, at 11:00 a.m. ET to discuss the results and market outlook. NSA, based in Greenwood Village, Colorado, is a major player in the self-storage sector, with 1,050 properties across 42 states and Puerto Rico, totaling approximately 67.8 million rentable square feet as of December 31, 2021. The company is included in key indices like the MSCI US REIT Index.