Welcome to our dedicated page for National Storage Affiliates Trust news (Ticker: NSA), a resource for investors and traders seeking the latest updates and insights on National Storage Affiliates Trust stock.
National Storage Affiliates Trust (NSA) is a leading self-administered and self-managed real estate investment trust (REIT) specializing in the ownership, operation, and acquisition of self-storage facilities across the United States. The company focuses on metropolitan statistical areas (MSAs) to ensure strategic and high-demand locations for their properties.
NSA operates a diversified portfolio under well-recognized brands such as iStorage, SecurCare, Northwest, and Move It. By leveraging their comprehensive property management platform, NSA manages both consolidated properties and unconsolidated real estate ventures. This integrated approach allows for efficient day-to-day operations and enhances control over the assets.
In recent years, NSA has demonstrated robust growth through strategic acquisitions and operational efficiencies. The company's financial health remains solid, backed by strong occupancy rates and stable revenue streams. NSA's commitment to expanding its portfolio has been evident in recent projects aimed at enhancing storage solutions and customer satisfaction.
Partnerships with other industry leaders and continuous investment in technology have positioned NSA as a formidable player in the self-storage REIT sector. The company's forward-thinking approach and dedication to high standards make it a reliable choice for investors looking to capitalize on the growing demand for self-storage solutions.
For the latest updates and developments, NSA provides comprehensive news and performance reports, ensuring transparency and informed decision-making for its stakeholders.
National Storage Affiliates Trust (NYSE: NSA) has declared its fourth quarter 2024 dividends. Common shareholders will receive $0.57 per share, representing an annualized rate of $2.28. Additionally, holders of both Series A and Series B 6.000% Cumulative Redeemable Preferred Shares will receive $0.375 per share. The dividends are payable on December 31, 2024 to shareholders of record as of December 13, 2024.
National Storage Affiliates Trust reported its Q3 2024 results with net income of $29.8 million, down 30.9% from Q3 2023. Diluted earnings per share decreased to $0.18 from $0.26 year-over-year. Core FFO was $83.9 million ($0.62 per share), showing a 7.5% decrease. Same-store NOI declined 5.3%, driven by a 3.5% decrease in revenues and 1.2% increase in operating expenses. The company completed its PRO structure internalization and issued $350 million in senior unsecured notes at 5.6% interest. Through a joint venture, NSA acquired 18 self-storage properties for $147.9 million.
National Storage Affiliates Trust (NYSE: NSA) has announced the release date for its third quarter 2024 financial results. The company will disclose its earnings after market close on Wednesday, October 30, 2024. A conference call to discuss the results is scheduled for Thursday, October 31, 2024, at 1:00 p.m. Eastern Time.
The call will feature prepared remarks from management, followed by a Q&A session open to registered financial analysts. Other participants can access the webcast via the company's website. A replay of the webcast will be available for 30 days on NSA's investor relations page.
Additionally, NSA management will participate in two upcoming industry events: the Nareit REITworld 2024 Annual Conference from November 18-20 in Las Vegas, and the Jefferies Real Estate Conference from December 10-11 in Miami Beach.
National Storage Affiliates Trust (NYSE: NSA) has announced that its operating partnership, NSA OP, LP, has issued $350 million of senior unsecured notes in a private placement with institutional investors. The notes have a weighted average maturity of 7.6 years and a weighted average coupon of 5.60%. The issuance consists of three tranches:
- $75 million at 5.40% due September 5, 2028
- $125 million at 5.55% due September 5, 2031
- $150 million at 5.74% due September 5, 2034
NSA plans to use the proceeds to repay outstanding debt and for general corporate purposes. The notes are not registered under the Securities Act and are being offered under an exemption from registration.
National Storage Affiliates Trust (NYSE: NSA) and Solar Landscape have entered into an agreement to develop over 100 megawatts of rooftop solar across NSA's properties nationwide. The partnership aims to utilize approximately 8.5 million square feet of rooftop space on about 1,000 NSA properties in 42 states and Puerto Rico. These community solar projects will power nearby homes and businesses at a discount, creating a more efficient electric grid. Solar Landscape will develop, own, and operate the projects, making monthly lease payments to NSA. The initiative aligns with NSA's corporate responsibility goals and commitment to sustainability while generating value for shareholders. Additionally, Solar Landscape's STEP-UP program will continue to provide solar training and education, contributing to workforce development in the clean energy sector.
National Storage Affiliates Trust (NYSE: NSA) has announced the appointment of Warren Allan to its Board of Trustees, effective August 15, 2024. Allan, co-founder and former President of Optivest Properties, will also serve on the Company's Audit Committee. Simultaneously, Mark Van Mourick has retired from the board. Allan brings extensive self storage experience, having grown Optivest to over 100 properties under management. He previously served on NSA's PRO Advisory Committee for 10 years. The company's Executive Chairperson, Tamara Fischer, expressed confidence in Allan's valuable knowledge and perspective. NSA management is scheduled to participate in the 2024 BofA Securities Global Real Estate Conference on September 10-11, 2024, in New York City.
National Storage Affiliates Trust (NSA), a NYSE-listed company, has announced its quarterly dividends for the third quarter of 2024. The Board of Trustees declared a dividend of $0.56 per common share, which represents an annualized dividend rate of $2.24. Additionally, a dividend of $0.375 per share was declared for both the 6.000% Series A and Series B Cumulative Redeemable Preferred Shares. These dividends are payable on September 30, 2024, to shareholders of record as of September 13, 2024. The company also announced its participation in the upcoming 2024 BofA Securities Global Real Estate Conference in New York City on September 10-11, 2024.
National Storage Affiliates Trust (NYSE: NSA) reported its Q2 2024 results, showing a decrease in net income of 29.0% to $32.3 million compared to Q2 2023. Diluted earnings per share fell to $0.16 from $0.28 year-over-year. Core FFO decreased 8.8% to $0.62 per share. Same store net operating income (NOI) decreased by 5.6%, driven by a 2.8% decrease in revenues and a 4.8% increase in operating expenses. The company acquired three properties for $25.2 million and repurchased 1,908,397 common shares for $71.6 million. NSA also completed the internalization of its participating regional operator (PRO) structure on July 1, 2024, which is expected to benefit results going forward. The company updated its 2024 guidance, lowering Core FFO per share estimates to $2.36-$2.44 from $2.40-$2.56 previously.
National Storage Affiliates Trust (NYSE: NSA) has promoted Pam Valentine to Senior Vice President, People Operations from her previous role as Vice President. Valentine, who joined NSA in 2021, will continue to report to CEO David Cramer. Her achievements include overseeing staff onboarding from two PRO retirements, the internalization of eight remaining PROs, and the integration of over 250 new acquisition properties.
Cramer praised Valentine's contributions, highlighting her role in growing the team and upgrading human resource platforms to support NSA's rapidly expanding corporate operating platform. The company also announced its participation in the 2024 BofA Securities Global Real Estate Conference scheduled for September 10-11, 2024, in New York City.
National Storage Affiliates Trust (NSA) will release its financial results for Q2 2024 on August 5, 2024, after market close. A conference call to discuss these results, along with current market conditions and future outlook, will be held on August 6, 2024, at 1:00 p.m. ET. The call will include a Q&A session for registered analysts, while other participants can listen via a webcast on the company's website. A replay of the webcast will be available for 30 days. NSA will also participate in the 2024 BofA Securities Global Real Estate Conference on September 10-11 in New York City.
FAQ
What is the current stock price of National Storage Affiliates Trust (NSA)?
What is the market cap of National Storage Affiliates Trust (NSA)?
What does National Storage Affiliates Trust do?
Under which brands does NSA operate?
What makes NSA a reliable investment choice?
Where are NSA's properties located?
How does NSA manage their properties?
What recent achievements has NSA made?
What is NSA's approach to technology?
How can I get the latest updates about NSA?
What types of properties does NSA acquire?
Who are NSA's industry partners?
