National Storage Affiliates Trust Announces Third Increase in Quarterly Common Dividend This Year

Rhea-AI Summary

National Storage Affiliates Trust (NSA) has announced a $0.45 per common share dividend for Q4 2021, payable on December 30, 2021, to shareholders on record by December 15, 2021. This dividend reflects a 28.6% increase from Q4 2020 and a 9.8% increase from the previous quarter. Additionally, a dividend of $0.375 will be issued for the Company’s 6.000% Series A Cumulative Redeemable Preferred Shares. This marks the third dividend increase this year, showcasing the Company’s strong performance and growth.

Positive

• Q4 2021 dividend increased to $0.45 per common share, a 28.6% rise from Q4 2020.
• 9.8% increase in dividend from the previous quarter.
• Demonstrated consistent growth with three dividend increases in 2021.

Negative

• 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 fourth quarter 2021 payable on December 30, 2021 to shareholders of record on December 15, 2021 on the following securities:

• a dividend of $0.45 per common share, representing an annualized dividend rate of $1.80. The new rate represents a 28.6% increase from the fourth quarter 2020 and a 9.8% increase from the previous quarter this year.

• 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 raise our dividend for the third time this year, representing an almost 30% increase from last year’s fourth quarter rate. The powerful combination of internal and external growth facilitated by our differentiated PRO structure continues to deliver robust returns for shareholders.”

Upcoming Industry Conferences

NSA management is scheduled to participate in the UBS Global Real Estate CEO/CFO Conference 2021, November 30 – December 2, 2021 and the Jefferies Real Estate Conference, December 15 – 16, 2021.

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 located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2021, the Company held ownership interests in and operated 940 self storage properties located in 38 states and Puerto Rico with approximately 60.4 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. 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/20211118006146/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 Q4 2021?

NSA declared a dividend of $0.45 per common share for Q4 2021.

When will the NSA dividend be paid?

The dividend will be paid on December 30, 2021.

What was the increase in NSA's dividend compared to last year?

The dividend represents a 28.6% increase from Q4 2020.

What is the record date for NSA's Q4 2021 dividend?

The record date for the dividend is December 15, 2021.

How many times did NSA increase its dividend in 2021?

NSA raised its dividend three times in 2021.