National Storage Affiliates Trust Announces Quarterly Dividends

Rhea-AI Summary

National Storage Affiliates Trust (NSA) declares regular cash dividends for the first quarter of 2024, with a dividend of $0.56 per common share and upcoming participation in Citi's 2024 Global Property CEO Conference.

Insights

Financial Analyst

The declaration of regular cash dividends by National Storage Affiliates Trust (NSA) is indicative of the company's current financial health and its ability to generate adequate cash flow. The annualized dividend rate of $2.24 per common share represents the company's confidence in sustaining or potentially growing its earnings. Dividends are a significant factor for income-focused investors and such announcements can influence the stock's attractiveness, potentially affecting its liquidity and market price.

Moreover, the consistency and potential growth in dividends can be seen as a positive signal to the market, reflecting stable financial management and a reliable revenue stream. Investors often view companies with a steady dividend policy as lower risk, which can be particularly appealing in volatile market conditions. However, it is essential to consider the payout ratio, which indicates what proportion of earnings is being paid out as dividends, to assess the sustainability of such distributions.

Market Research Analyst

NSA's participation in Citi’s 2024 Global Property CEO Conference is a strategic move to position itself within the industry and among investors. Conferences like these provide a platform for companies to communicate their business strategies, performance and outlook to a concentrated audience of investors, analysts and industry peers. While this does not directly impact the company's financials, it can influence investor perception and sentiment, which in turn can have an indirect effect on the stock's performance.

Events such as these are also opportunities for NSA to gauge market trends, competitor strategies and investor expectations. Networking and knowledge exchange at such conferences can lead to new business opportunities, partnerships, or even mergers and acquisitions, which could have long-term implications for NSA's business trajectory and market position.

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)-- National Storage Affiliates Trust (“NSA” or the "Company") (NYSE: NSA), announced that its Board of Trustees today declared regular cash dividends for the first quarter 2024 payable on March 29, 2024 to shareholders of record on March 15, 2024 on the following securities:

• a dividend of $0.56 per common share, representing an annualized dividend rate of $2.24; and
• a dividend of $0.375 per share on the Company’s 6.000% Series A Cumulative Redeemable Preferred Shares; and
• a dividend of $0.375 per share on the Company’s 6.000% Series B Cumulative Redeemable Preferred Shares.

Upcoming Industry Conferences

NSA management is scheduled to participate in Citi’s 2024 Global Property CEO Conference on March 3-6, 2024 in Hollywood, Florida.

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 September 30, 2023, the Company held ownership interests in and operated 1,119 self storage properties located in 42 states and Puerto Rico with approximately 73.0 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 1000 Index of Companies and the S&P MidCap 400 Index.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240215138274/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 dividends did National Storage Affiliates Trust (NSA) declare for the first quarter of 2024?

National Storage Affiliates Trust (NSA) declared a dividend of $0.56 per common share, $0.375 per share on the Series A Cumulative Redeemable Preferred Shares, and $0.375 per share on the Series B Cumulative Redeemable Preferred Shares.

When will the dividends be payable for the first quarter of 2024 for National Storage Affiliates Trust (NSA)?

The dividends for the first quarter of 2024 for National Storage Affiliates Trust (NSA) will be payable on March 29, 2024.

What is the annualized dividend rate for National Storage Affiliates Trust (NSA) for the first quarter of 2024?

The annualized dividend rate for National Storage Affiliates Trust (NSA) for the first quarter of 2024 is $2.24 per common share.

Where is National Storage Affiliates Trust (NSA) management scheduled to participate in March 2024?

National Storage Affiliates Trust (NSA) management is scheduled to participate in Citi's 2024 Global Property CEO Conference on March 3-6, 2024 in Hollywood, Florida.