Welcome to our dedicated page for National Storage Affiliates Tr SEC filings (Ticker: NSA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
National Storage Affiliates Trust filings document the regulatory disclosures of a Maryland self-storage REIT and its operating partnership structure. Form 8-K reports include operating and financial results, earnings releases, supplemental schedules and material-event disclosures tied to the company’s self-storage portfolio and capital structure.
The company’s filings describe funds from operations and Core FFO, consolidated balance sheets, portfolio summaries, same-store performance by metropolitan market, debt and equity capitalization, and summarized information for unconsolidated real estate ventures. Other disclosures cover material definitive agreements, shareholder voting matters, governance items and common and preferred share classes.
National Storage Affiliates Trust director Charles F. Wu reported equity-related acquisitions. He received 4,703 restricted common shares at a reference price of $42.53 per share under the 2024 Equity Incentive Plan; these are scheduled to vest on the earlier of May 15, 2027, the day before the next annual shareholder meeting, or immediately before a defined merger effective time. Wu also converted 10,272 LTIP Units into 10,272 Class A OP Units, leaving him with 22,998 Class A OP Units and no remaining LTIP Units, plus 4,703 common shares directly owned.
National Storage Affiliates Trust director Dominic M. Palazzo reported equity-related acquisitions made through a trust. On May 15, 2026, a trust associated with him received 5,056 restricted common shares at a reference price of $42.53 per share under the 2024 Equity Incentive Plan.
The restricted shares vest on the earlier of May 15, 2027, the day before the next annual shareholder meeting, or immediately prior to a defined merger effective time. On May 16, 2026, 8,606 LTIP Units were converted into 8,606 Class A OP Units, leaving 56,909 Class A OP Units and no LTIP Units held following the reported transactions.
National Storage Affiliates Trust director Steven G. Osgood, through a trust, received and restructured equity-linked holdings. He was granted 5,232 restricted common shares at $42.53 per share under the 2024 Equity Incentive Plan, scheduled to vest by the earlier of several merger- and meeting-related dates.
On a separate date, 11,451 LTIP Units held by the trust were converted on a one-for-one basis into 11,451 Class A OP Units. Following these transactions, the trust holds 142,487 Class A OP Units and 0 LTIP Units, and Osgood’s beneficial ownership in this class of common shares is 5,232 shares.
National Storage Affiliates Trust director Michael J. Schall reported equity awards and a derivative conversion, increasing his direct holdings through non-market transactions. He received 5,291 restricted common shares of beneficial interest under the 2024 Equity Incentive Plan at a reference price of $42.53 per share.
The restricted shares are scheduled to vest the earlier of May 15, 2027, the calendar day immediately preceding the next annual meeting of shareholders, or immediately prior to the Company Merger Effective Time defined in the March 16, 2026 merger agreement.
He also converted 12,618 LTIP Units into 12,618 Class A OP Units. After these transactions, he directly holds 11,291 common shares (including restricted shares) and 12,618 Class A OP Units, with no remaining LTIP Units reported.
National Storage Affiliates Trust director Allan Warren, through a revocable living trust, reported equity compensation and related unit conversions. On May 15, 2026, the trust received 4,762 restricted common shares at a reference price of $42.53, scheduled to vest on the earlier of May 15, 2027, the day before the next annual shareholder meeting, or immediately before the company merger effective time under the March 16, 2026 merger agreement.
On May 16, 2026, 5,048 LTIP Units were converted into 5,048 Class A OP Units, a change the filing notes had been previously reported on an as-converted basis. After these transactions, the trust’s reported holdings are 4,762 common shares, 1,297,536 Class A OP Units, and 1,170 LTIP Units, with Warren disclaiming beneficial ownership beyond his pecuniary interest.
National Storage Affiliates Trust ownership disclosure: Cohen & Steers and its affiliates report beneficial ownership of 4,603,853 shares of common stock, representing 5.97% of the class. The filing states Cohen & Steers has sole dispositive power over 4,603,853 shares and sole voting power over 2,988,929 shares.
The disclosure lists related entities and principal addresses and notes the shares are held for the benefit of account holders. Signatures are dated 05/15/2026.
Prudential Financial, Inc. filed Amendment No. 2 to Schedule 13G/A reporting beneficial ownership of 1,389,580 shares of Common stock of National Storage Affiliates Trust, representing 1.8% of the class.
The filing lists Prudential as a parent holding company and shows indirect holdings through subsidiaries, including Jennison Associates LLC with 1,274,412 shares (1.6%) and several smaller affiliates. The filing is signed by a Prudential officer on 05/08/2026.
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 stronger first quarter 2026 results while progressing toward its planned sale to Public Storage in an all-stock merger valued at approximately $10.5 billion in enterprise value. The merger is expected to close in the third quarter of 2026, subject to equity holder approval and other customary conditions.
For Q1 2026, net income rose to $27.7 million, up 41.8% year over year, and diluted earnings per share increased to $0.16 from $0.10. Core funds from operations were $76.8 million, or $0.57 per share and unit, a 5.6% per‑share increase, while FFO per share and unit declined to $0.49 mainly due to $10.0 million of merger related costs.
Same store net operating income grew 2.0% on a 0.2% revenue increase and a 3.9% decline in property operating expenses, with same store period‑end occupancy at 84.5%. NSA acquired one property for about $10.4 million and sold three for net proceeds of roughly $20.6 million, and ended the quarter with about $530.6 million of available capacity on its $950.0 million revolving credit facility.
National Storage Affiliates Trust reports that Vanguard Portfolio Management beneficially owned 6,012,296 shares of Common Stock, representing 7.79% of the class as of 03/31/2026. The filing states Vanguard has sole voting power for 8,509 shares and sole dispositive power for 6,012,296 shares.
The disclosure is filed on behalf of Vanguard Portfolio Management and affiliated Vanguard entities and is signed by Ashley Grim, Head of Global Fund Administration, dated 04/29/2026.