National Storage Affiliates Trust Announces Largest Year-Over-Year Common Quarterly Dividend Increase in Company’s History

Rhea-AI Summary

National Storage Affiliates Trust (NSA) announced a significant dividend increase for the second quarter of 2022. The Board of Trustees declared a $0.55 cash dividend per common share, marking a 45% year-over-year rise and a 10% increase from the previous quarter. This is the largest dividend increase in the company's history and the fifth consecutive quarterly increase. The dividend will be payable on June 30, 2022, to shareholders of record as of June 15, 2022. NSA's management highlighted this growth as a key driver of shareholder returns.

Positive

• Dividend increased by 45% year-over-year.
• Quarterly dividend of $0.55 per common share signifies growing shareholder value.
• Fifth consecutive quarterly dividend increase reflects strong financial performance.

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• None.

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- National Storage Affiliates Trust (“NSA” or the "Company") (NYSE: NSA), announced that its Board of Trustees yesterday declared regular cash dividends for the second quarter 2022 payable on June 30, 2022 to shareholders of record on June 15, 2022 on the following securities:

• a dividend of $0.55 per common share, representing an annualized dividend rate of $2.20. This new rate represents a 45% increase from the second quarter 2021 dividend and a 10% increase from the previous quarter.

• a dividend of $0.375 per share on the Company’s 6.000% Series A Cumulative Redeemable Preferred Shares.

Tamara Fischer, President and Chief Executive Officer, commented, “We are pleased to announce another significant increase to our quarterly common dividend which represents the largest year-over-year dividend increase in the Company’s history. This is our fifth straight quarterly dividend increase and is consistent with our rapidly growing Core FFO per share. Our growing dividend remains a key ingredient to delivering attractive total shareholder returns.”

Upcoming Industry Conference

NSA management is scheduled to participate in Nareit’s REITweek 2022 Investor Conference on June 7 - 9, 2022 in New York, New York.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of March 31, 2022, the Company held ownership interests in and operated 1,061 self storage properties located in 42 states and Puerto Rico with approximately 68.4 million rentable square feet. NSA is one of the largest owners and operators of self storage properties among public and private companies in the United States. For more information, please visit the Company’s website at www.nationalstorageaffiliates.com. NSA is included in the MSCI US REIT Index (RMS/RMZ), the Russell 2000 Index of Companies and the S&P MidCap 400 Index.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220526005543/en/

National Storage Affiliates Trust

Investor/Media Relations

George Hoglund, CFA

Vice President - Investor Relations

720.630.2160

ghoglund@nsareit.net

Source: National Storage Affiliates Trust

FAQ

What is the dividend amount declared by NSA for Q2 2022?

NSA declared a dividend of $0.55 per common share for Q2 2022.

When will NSA's Q2 2022 dividend be paid?

The dividend will be paid on June 30, 2022, to shareholders of record on June 15, 2022.

How much has NSA's dividend increased compared to last year?

The dividend has increased by 45% compared to the second quarter of 2021.