Welcome to our dedicated page for National Storage Affiliates Tr news (Ticker: NSA), a resource for investors and traders seeking the latest updates and insights on National Storage Affiliates Tr stock.
National Storage Affiliates Trust (NYSE: NSA) is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties. This news page aggregates NSA-related announcements, giving readers a centralized view of the company’s public communications and financial updates.
Visitors can review quarterly earnings releases, where National Storage Affiliates Trust reports net income, funds from operations (FFO), core funds from operations (Core FFO), net operating income (NOI) and same store operating results. These releases often include commentary from management on occupancy trends, rental rate dynamics, operating expenses and updated guidance ranges for Core FFO and same store performance.
The news feed also covers dividend declarations on NSA’s common shares and its 6.000% Series A and Series B Cumulative Redeemable Preferred Shares, including details on declared amounts, record dates and payment dates. Investors who follow NSA for income can use these announcements to track the company’s dividend practices over time.
In addition, NSA’s news includes investment and capital allocation updates, such as acquisitions and dispositions of self storage properties, joint venture activity with institutional and regional partners, and preferred equity investments in ventures targeting value-add self storage opportunities. These items highlight how the company deploys capital across wholly owned properties and unconsolidated real estate ventures.
Conference call and webcast notices are also part of NSA’s news flow, providing information about upcoming earnings calls, access details and replay availability. For investors, analysts and others researching NSA, this page offers an organized view of the company’s financial results, portfolio activity and corporate communications over time.
National Storage Affiliates Trust (NYSE: NSA) has announced the promotion of John Esbenshade to Chief Accounting Officer, effective January 1, 2025. Esbenshade, who currently serves as Senior Vice President, Controller, has been with NSA since March 2019 and has been instrumental in evolving the company's accounting team and platform, particularly during the internalization of the Participating Regional Operator structure.
Prior to joining NSA, Esbenshade held the position of Vice President of Technical Accounting and Strategic Capital at Prologis (2014-2019) and worked in Deloitte's audit practice (2003-2014). He is a certified public accountant with both Master and Bachelor of Science degrees in Business Administration from the University of Colorado Boulder.
National Storage Affiliates Trust (NYSE: NSA) has declared its fourth quarter 2024 dividends. Common shareholders will receive $0.57 per share, representing an annualized rate of $2.28. Additionally, holders of both Series A and Series B 6.000% Cumulative Redeemable Preferred Shares will receive $0.375 per share. The dividends are payable on December 31, 2024 to shareholders of record as of December 13, 2024.
National Storage Affiliates Trust reported its Q3 2024 results with net income of $29.8 million, down 30.9% from Q3 2023. Diluted earnings per share decreased to $0.18 from $0.26 year-over-year. Core FFO was $83.9 million ($0.62 per share), showing a 7.5% decrease. Same-store NOI declined 5.3%, driven by a 3.5% decrease in revenues and 1.2% increase in operating expenses. The company completed its PRO structure internalization and issued $350 million in senior unsecured notes at 5.6% interest. Through a joint venture, NSA acquired 18 self-storage properties for $147.9 million.
National Storage Affiliates Trust (NYSE: NSA) has announced the release date for its third quarter 2024 financial results. The company will disclose its earnings after market close on Wednesday, October 30, 2024. A conference call to discuss the results is scheduled for Thursday, October 31, 2024, at 1:00 p.m. Eastern Time.
The call will feature prepared remarks from management, followed by a Q&A session open to registered financial analysts. Other participants can access the webcast via the company's website. A replay of the webcast will be available for 30 days on NSA's investor relations page.
Additionally, NSA management will participate in two upcoming industry events: the Nareit REITworld 2024 Annual Conference from November 18-20 in Las Vegas, and the Jefferies Real Estate Conference from December 10-11 in Miami Beach.
National Storage Affiliates Trust (NYSE: NSA) has announced that its operating partnership, NSA OP, LP, has issued $350 million of senior unsecured notes in a private placement with institutional investors. The notes have a weighted average maturity of 7.6 years and a weighted average coupon of 5.60%. The issuance consists of three tranches:
- $75 million at 5.40% due September 5, 2028
- $125 million at 5.55% due September 5, 2031
- $150 million at 5.74% due September 5, 2034
NSA plans to use the proceeds to repay outstanding debt and for general corporate purposes. The notes are not registered under the Securities Act and are being offered under an exemption from registration.
National Storage Affiliates Trust (NYSE: NSA) and Solar Landscape have entered into an agreement to develop over 100 megawatts of rooftop solar across NSA's properties nationwide. The partnership aims to utilize approximately 8.5 million square feet of rooftop space on about 1,000 NSA properties in 42 states and Puerto Rico. These community solar projects will power nearby homes and businesses at a discount, creating a more efficient electric grid. Solar Landscape will develop, own, and operate the projects, making monthly lease payments to NSA. The initiative aligns with NSA's corporate responsibility goals and commitment to sustainability while generating value for shareholders. Additionally, Solar Landscape's STEP-UP program will continue to provide solar training and education, contributing to workforce development in the clean energy sector.
National Storage Affiliates Trust (NYSE: NSA) has announced the appointment of Warren Allan to its Board of Trustees, effective August 15, 2024. Allan, co-founder and former President of Optivest Properties, will also serve on the Company's Audit Committee. Simultaneously, Mark Van Mourick has retired from the board. Allan brings extensive self storage experience, having grown Optivest to over 100 properties under management. He previously served on NSA's PRO Advisory Committee for 10 years. The company's Executive Chairperson, Tamara Fischer, expressed confidence in Allan's valuable knowledge and perspective. NSA management is scheduled to participate in the 2024 BofA Securities Global Real Estate Conference on September 10-11, 2024, in New York City.
National Storage Affiliates Trust (NSA), a NYSE-listed company, has announced its quarterly dividends for the third quarter of 2024. The Board of Trustees declared a dividend of $0.56 per common share, which represents an annualized dividend rate of $2.24. Additionally, a dividend of $0.375 per share was declared for both the 6.000% Series A and Series B Cumulative Redeemable Preferred Shares. These dividends are payable on September 30, 2024, to shareholders of record as of September 13, 2024. The company also announced its participation in the upcoming 2024 BofA Securities Global Real Estate Conference in New York City on September 10-11, 2024.
National Storage Affiliates Trust (NYSE: NSA) reported its Q2 2024 results, showing a decrease in net income of 29.0% to $32.3 million compared to Q2 2023. Diluted earnings per share fell to $0.16 from $0.28 year-over-year. Core FFO decreased 8.8% to $0.62 per share. Same store net operating income (NOI) decreased by 5.6%, driven by a 2.8% decrease in revenues and a 4.8% increase in operating expenses. The company acquired three properties for $25.2 million and repurchased 1,908,397 common shares for $71.6 million. NSA also completed the internalization of its participating regional operator (PRO) structure on July 1, 2024, which is expected to benefit results going forward. The company updated its 2024 guidance, lowering Core FFO per share estimates to $2.36-$2.44 from $2.40-$2.56 previously.
National Storage Affiliates Trust (NYSE: NSA) has promoted Pam Valentine to Senior Vice President, People Operations from her previous role as Vice President. Valentine, who joined NSA in 2021, will continue to report to CEO David Cramer. Her achievements include overseeing staff onboarding from two PRO retirements, the internalization of eight remaining PROs, and the integration of over 250 new acquisition properties.
Cramer praised Valentine's contributions, highlighting her role in growing the team and upgrading human resource platforms to support NSA's rapidly expanding corporate operating platform. The company also announced its participation in the 2024 BofA Securities Global Real Estate Conference scheduled for September 10-11, 2024, in New York City.