Every 10-Q that National Storage Affiliates Trust (NSA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NSA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NSA filings page.
National Storage Affiliates Trust reported first-quarter 2026 results and detailed its pending stock-for-stock merger with Public Storage. Total revenue was $185.4 million, slightly below the prior-year period, while net income rose to $27.7 million and EPS to $0.16 per common share.
FFO attributable to common shareholders, OP unitholders, and LTIP unitholders was $66.0 million and Core FFO was $76.8 million, or $0.57 per share and unit, up from $0.54. Same-store NOI was broadly stable, supported by modest occupancy and rent gains, partly offset by lower tenant insurance-related revenue.
The company operated 799 consolidated self storage properties and held interests in 1,061 properties overall. It carried $3.42 billion of debt with staggered maturities and active interest rate hedging. Under the March 2026 Merger Agreement, each NSA common share is expected to convert into 0.1400 Public Storage common shares, with closing targeted for the third quarter of 2026, subject to equity holder approval and customary conditions.
National Storage Affiliates Trust reported Q3 2025 results showing slightly softer top line and steady profitability. Total revenue was $188.7 million versus $193.6 million a year ago, as rental revenue eased to $169.9 million. Net income attributable to common shareholders was $13.3 million with EPS of $0.17 (vs. $0.18). For the first nine months, revenue reached $565.9 million and EPS was $0.46.
The balance sheet showed total assets of $5.14 billion and total debt of $3.40 billion; shareholders’ equity was $973.1 million, with total equity of $1.58 billion. Cash from operations for the nine months was $265.7 million. The company acquired four properties and two annexes for $24.9 million and sold 12 properties for $73.1 million, recording an $11.0 million gain. NSA corrected an immaterial prior-period classification error, increasing Total Shareholders’ Equity by $112.1 million with an offset to noncontrolling interests. The ATM program had $400.0 million of remaining capacity and share repurchase authorization stood at approximately $350.3 million. As of October 31, 2025, 76,960,767 common shares were outstanding.