National Storage Affiliates Trust - NSA STOCK NEWS

National Storage Affiliates Trust (NSA) announced it will release its financial results for Q1 2023 on May 1, 2023, after market close. A conference call is scheduled for May 2, 2023, at 1:00 p.m. ET, where management will discuss the financial outcomes, market conditions, and future outlook. Participants can join the call via a webcast. Additionally, NSA will participate in the Nareit’s REITweek 2023 Conference from June 6-8, 2023, in New York City.

National Storage Affiliates Trust (NSA) has announced the passing of George L. Chapman, a member of the Board of Trustees since its IPO in 2015. Mr. Chapman served as Chairman of the Compensation, Nominating, and Corporate Governance Committee. CEO Tamara Fischer praised his significant contributions and leadership skills, acknowledging his impact on NSA's success. Chapman was also involved with Health Care REIT, now known as Welltower Inc. (WELL), and held various community roles. NSA, focused on self-storage properties, managed 1,101 locations as of December 31, 2022, across the U.S. and Puerto Rico, emphasizing its status in the REIT sector.

National Storage Affiliates Trust (NSA) reported strong fourth quarter and full year 2022 results. For Q4 2022, net income surged 17.4% to $50.4 million, while diluted earnings per share reached $0.31, up from $0.25 in Q4 2021. Core FFO rose 10.9% to $90.9 million, equivalent to $0.71 per share. Same store NOI increased by 9.4% for Q4 2022. Full year 2022 net income rose to $183.8 million, a 25.1% increase, with Core FFO up 24.3% to $363 million. The company expanded its credit facility and repurchased over $90 million in shares. The board declared a quarterly dividend of $0.55, marking a 22.2% increase year-over-year.

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.

National Storage Affiliates Trust (NSA) announced it will release its financial results for the year ended December 31, 2022, after market close on February 27, 2023. A conference call to discuss the results and market outlook will be held on February 28, 2023, at 1:00 p.m. ET. Interested parties can listen via the webcast on NSA's website. As of September 30, 2022, NSA managed 1,100 self-storage properties across 42 states and Puerto Rico, totaling approximately 71.5 million square feet. NSA is a major player in the self-storage industry, included in the MSCI US REIT Index, Russell 1000 Index, and S&P MidCap 400 Index.

National Storage Affiliates Trust (NSA) announced the tax treatment of its 2022 distributions for common and preferred shareholders. For common shares, a total of $2.15 per share was reported, with ordinary dividends of $1.767988 and non-dividend distributions of $0.382012. Preferred shareholders received total distributions of $1.50 per share, all classified as ordinary dividends. The ordinary dividends qualify as "qualified REIT dividends" under Internal Revenue Code section 199A. NSA advises shareholders to consult tax advisors for inquiries related to the distributions.

National Storage Affiliates Trust (NSA) has announced the promotion of Tiffany S. Kenyon to Executive Vice President and Chief Legal Officer, previously serving as General Counsel. Tiffany brings over a decade of experience from MarkWest Energy Partners and Greenberg Traurig, focusing on corporate and real estate law. CEO Tamara Fischer praised Tiffany's contributions, noting her critical role in the company's success. NSA, a major player in the self-storage sector, operates over 1,100 properties across 42 states and Puerto Rico, managing approximately 71.5 million rentable square feet.

National Storage Affiliates Trust (NSA) announced crucial financial updates, including an expansion of its credit facility by $405 million to a total of $1.955 billion. Maturity for the revolving credit line was extended to January 2027. The company retired $300 million in debt maturing in 2023 and fixed interest rates on $410 million of floating rate loans, enhancing financial stability. Insider purchases of 159,102 shares worth $6.1 million underline management's confidence, alongside a $90 million share repurchase program. NSA also internalized management of 72 properties from Move It Self Storage.