National Storage Affiliates Trust Announces Quarterly Dividends

Rhea-AI Summary

National Storage Affiliates Trust (NSA) declared its first-quarter 2023 cash dividends, payable on March 30, 2023.

Shareholders of record on March 15, 2023 will receive a dividend of $0.55 per common share, which equates to an annualized dividend of $2.20. Additionally, a dividend of $0.375 will be paid on the 6.000% Series A Cumulative Redeemable Preferred Shares.

As of September 30, 2022, NSA operated 1,100 self-storage properties across 42 states and Puerto Rico, totaling approximately 71.5 million rentable square feet.

Positive

• Declared a cash dividend of $0.55 per common share for Q1 2023.
• Annualized dividend rate of $2.20 demonstrates strong cash flow.

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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 today declared regular cash dividends for the first quarter 2023 payable on March 30, 2023 to shareholders of record on March 15, 2023 on the following securities:

• a dividend of $0.55 per common share, representing an annualized dividend rate of $2.20; and

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

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, 2022, the Company held ownership interests in and operated 1,100 self storage properties located in 42 states and Puerto Rico with approximately 71.5 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/20230222006044/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 Q1 2023?

NSA has declared a dividend of $0.55 per common share for Q1 2023.

When will NSA pay its dividends?

The dividends will be payable on March 30, 2023.

What is the dividend payment date for NSA's preferred shares?

The preferred shares will receive a dividend of $0.375.

Who qualifies for the NSA dividend payment?

Shareholders of record on March 15, 2023, will qualify for the dividend.

What is the annualized dividend rate for NSA?

The annualized dividend rate for NSA is $2.20.