National Storage Affiliates Trust Announces Quarterly Dividends

Rhea-AI Summary

National Storage Affiliates Trust (NSA) has declared quarterly cash dividends for Q2 2024. Shareholders of record by June 14, 2024, will receive payments on June 28, 2024. The dividends include $0.56 per common share, equating to a $2.24 annualized rate, and $0.375 per share on both the 6.000% Series A and Series B Cumulative Redeemable Preferred Shares. Additionally, NSA management will participate in the Nareit REITweek: 2024 Investor Conference in New York from June 4-6, 2024.

Positive

• Quarterly cash dividend of $0.56 per common share.
• Annualized dividend rate of $2.24 per common share.
• Dividends of $0.375 per share on Series A and Series B Cumulative Redeemable Preferred Shares.
• Participation in the Nareit REITweek: 2024 Investor Conference may boost investor confidence.

Negative

• No new information on company performance or future outlook provided.
• Potential dilution concerns with multiple preferred share dividends.

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 second quarter 2024 payable on June 28, 2024 to shareholders of record on June 14, 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 Conference

NSA management is scheduled to participate in the Nareit REITweek: 2024 Investor Conference on June 4 - 6, 2024 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, 2024, the Company held ownership interests in and operated 1,050 self storage properties located in 42 states and Puerto Rico with approximately 68.7 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/20240516169119/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

When is NSA paying the Q2 2024 dividends?

NSA will pay the Q2 2024 dividends on June 28, 2024.

What is the dividend for NSA common shares?

The dividend for NSA common shares is $0.56 per share.

What is the annualized dividend rate for NSA common shares?

The annualized dividend rate for NSA common shares is $2.24.

What are the dividends for NSA's Series A and Series B Preferred Shares?

Both Series A and Series B Preferred Shares have dividends of $0.375 per share.

When is the record date for NSA's Q2 2024 dividends?

The record date for NSA's Q2 2024 dividends is June 14, 2024.

When is NSA participating in the Nareit REITweek 2024 Investor Conference?

NSA will participate in the Nareit REITweek 2024 Investor Conference from June 4-6, 2024.