National Storage Affiliates Tr Stock Price, News & Analysis

National Storage Affiliates Trust (NSA) reported a strong first quarter 2021, showing a 75.3% increase in net income to $27.6 million compared to Q1 2020. Diluted earnings per share rose to $0.19, and Core Funds from Operations (FFO) increased 22.5% per share, reaching $51.2 million. Same store net operating income (NOI) grew by 11.5%, aided by an 8.1% rise in revenues. The company also successfully completed acquisitions totaling $166 million and settled a public offering with net proceeds of $97.3 million. NSA raised its 2021 guidance due to ongoing positive trends.

National Storage Affiliates Trust (NSA) will release its financial results for Q1 2021 on May 4, 2021, after market close. A conference call is scheduled for May 5, 2021, at 1:00 p.m. ET to discuss these results, current market conditions, and future outlook. The call will be accessible via webcast on NSA’s website. The company is also set to participate in Nareit’s REITweek 2021 Virtual Investor Conference from June 8-10, 2021. NSA operates 821 self-storage properties across 36 states, making it a significant player in the self-storage sector.

National Storage Affiliates Trust (NSA) has expanded its Board of Trustees by adding Charles Wu, effective February 25, 2021, increasing the total to eleven members. Paul Hylbert, Lead Independent Trustee, emphasized Wu's extensive real estate investment experience as a valuable addition that will enhance NSA's strategic direction and diversity. Wu, a Senior Lecturer at Harvard Business School and co-founder of multiple private equity firms, brings significant expertise to the board. NSA is focused on self-storage properties across the U.S., operating 821 locations with over 52 million rentable square feet.

National Storage Affiliates Trust (NSA) announced the declaration of cash dividends for Q1 2021. Shareholders of record on March 15, 2021, will receive a dividend of $0.35 per common share, amounting to an annualized rate of $1.40. Additionally, a dividend of $0.375 per share will be paid on the Company’s 6.000% Series A Cumulative Redeemable Preferred Shares. NSA will participate in Citi’s 2021 Virtual Global Property CEO Conference from March 8-11, 2021.

National Storage Affiliates Trust (NSA) reported strong financial results for Q4 and full year 2020. Q4 net income rose to $24.5 million, a 30.2% increase from 2019, with diluted EPS at $0.18. For the year, net income reached $79.5 million, up 20.4%, with Core FFO of $169.3 million. Same store NOI grew 6.1% in Q4, driven by a 4.8% revenue increase. The company acquired 33 properties for $260.5 million in Q4 2020, enhancing its portfolio substantially. NSA's board increased the quarterly dividend to $0.35, reflecting confidence in its ongoing performance.

National Storage Affiliates Trust (NSA) has announced the tax treatment of its 2020 distributions for common and preferred shareholders. For common shares, total distributions reached $1.35 per share, with ordinary dividends of $0.991288 and non-dividend distributions of $0.358712. For preferred shares, distributions totaled $1.50 per share, consisting entirely of ordinary dividends. NSA advises shareholders to consult tax advisors regarding tax implications. The company, a major player in self-storage, operates 788 properties across 35 states and Puerto Rico.

National Storage Affiliates Trust (NSA) will release its financial results for Q4 2020 on February 22, 2021, post-market. A conference call is scheduled for February 23, 2021, at 12:00 p.m. ET, where management will discuss financial outcomes, market conditions, and future projections. Participants can join via webcast on the Company's website. NSA, a significant player in the self-storage REIT sector, operates 788 properties across the U.S. and Puerto Rico, totaling approximately 49.5 million rentable square feet as of September 2020.

National Storage Affiliates Trust (NYSE: NSA) has entered into definitive agreements to add Blue Sky Self Storage as a Participating Regional Operator (PRO). Blue Sky manages over 150 self-storage facilities in the western and southern U.S., with an initial portfolio of seven properties expected to be acquired by NSA by Q1 2021. This partnership restores NSA's active PROs to ten and enhances its acquisition pipeline significantly. Blue Sky is led by industry veterans with extensive experience in self-storage acquisition and management.

National Storage Affiliates Trust (NSA) announced a quarterly cash dividend of $0.35 per common share, marking a 6.1% increase from Q4 2019, and an annualized rate of $1.40. The preferred shares will receive $0.375 each as well. CEO Tamara Fischer expressed satisfaction regarding the dividend hike, attributing it to the resilient self-storage market and the company’s unique PRO structure. The dividends are payable on December 31, 2020, to shareholders recorded by December 15, 2020.