Welcome to our dedicated page for National Storage Affiliates Tr news (Ticker: NSA), a resource for investors and traders seeking the latest updates and insights on National Storage Affiliates Tr 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 announced its quarterly dividend declarations for the first quarter 2025. The company will pay $0.57 per common share, which represents an annualized dividend rate of $2.28. Additionally, NSA declared dividends of $0.375 per share on both its 6.000% Series A and Series B Cumulative Redeemable Preferred Shares.
All dividends will be payable on March 31, 2025, to shareholders of record as of March 14, 2025. The company also announced that its management will participate in Citi's 2025 Global Property CEO Conference, scheduled for March 3-5, 2025, in Hollywood, Florida.
National Storage Affiliates Trust (NYSE: NSA) has announced it will release its financial results for Q4 and full-year 2024 after market close on Wednesday, February 26, 2025. The company will host a conference call to discuss these results on Thursday, February 27, 2025, at 1:00 p.m. Eastern Time.
The conference call will include prepared remarks followed by a Q&A session open to registered financial analysts. Other participants can access the webcast through the company's website. A replay will be available for 30 days on NSA's website. Supplemental materials will be posted to the investor relations section before the call.
Additionally, NSA management will participate in Citi's 2025 Global Property CEO Conference from March 3-5, 2025 in Hollywood, Florida.
National Storage Affiliates Trust (NYSE: NSA) has released its tax treatment details for 2024 distributions. For common shareholders, the total distribution of $2.25 per share consists of $1.27 in ordinary dividends and $0.98 in nondividend distributions.
Both Series A and Series B Preferred Shares received total distributions of $1.50 per share for 2024, classified entirely as ordinary dividends. The company confirms that the ordinary dividends qualify as 'qualified REIT dividends' under Internal Revenue Code section 199A.
Distributions were paid quarterly, with common shares seeing a slight increase in the fourth quarter payment to $0.57 per share from $0.56 in previous quarters. Preferred shares maintained consistent quarterly payments of $0.375 throughout the year.
National Storage Affiliates Trust (NYSE: NSA) has announced the promotion of John Esbenshade to Chief Accounting Officer, effective January 1, 2025. Esbenshade, who currently serves as Senior Vice President, Controller, has been with NSA since March 2019 and has been instrumental in evolving the company's accounting team and platform, particularly during the internalization of the Participating Regional Operator structure.
Prior to joining NSA, Esbenshade held the position of Vice President of Technical Accounting and Strategic Capital at Prologis (2014-2019) and worked in Deloitte's audit practice (2003-2014). He is a certified public accountant with both Master and Bachelor of Science degrees in Business Administration from the University of Colorado Boulder.
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.
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