National Storage Affiliates Trust Declares Second Quarter 2021 Dividends

Rhea-AI Summary

National Storage Affiliates Trust (NSA) announced a regular cash dividend of $0.38 per common share for Q2 2021, marking a $0.03 increase from the previous quarter and a 15.2% year-over-year growth from Q2 2020. The annualized dividend rate now stands at $1.52. Additionally, a dividend of $0.375 per share on the Company’s 6.000% Series A Cumulative Redeemable Preferred Shares was declared. The dividends are payable on June 30, 2021, to shareholders on record by June 15, 2021.

Positive

• Dividend increase of $0.03 per common share, representing a 15.2% year-over-year growth.
• Strengthens investor confidence with an annualized dividend rate of $1.52.

Negative

• None.

National Storage Affiliates Trust (“NSA” or the "Company") (NYSE: NSA), today announced its Board of Trustees declared regular cash dividends for the second quarter 2021 payable on June 30, 2021 to shareholders of record on June 15, 2021 on the following securities:

• a dividend of $0.38 per common share, which is a $0.03 increase from the previous quarterly dividend and represents an annualized dividend rate of $1.52. The new rate represents a 15.2% increase from the second quarter 2020 dividend rate; and

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

Upcoming Industry Conference

NSA management is scheduled to participate in Nareit’s REITweek 2021 Virtual Investor Conference, June 8 – 10, 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 March 31, 2021, the Company held ownership interests in and operated 844 self storage properties located in 36 states and Puerto Rico with approximately 53.5 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 2000 Index of Companies and the S&P MidCap 400 Index.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210527005853/en/

FAQ

What is the dividend amount for NSA in Q2 2021?

The dividend amount for NSA in Q2 2021 is $0.38 per common share.

What is the payment date for NSA's Q2 2021 dividend?

The payment date for NSA's Q2 2021 dividend is June 30, 2021.

When is the record date for NSA's dividend?

The record date for NSA's dividend is June 15, 2021.

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

NSA's dividend increased by 15.2% compared to the second quarter of 2020.

What is the dividend for NSA's preferred shares?

The dividend for NSA's 6.000% Series A Cumulative Redeemable Preferred Shares is $0.375 per share.