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National Storage Affiliates Tr - NSA STOCK NEWS

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 (NSA) provides investors and industry observers with timely updates on its self-storage REIT operations across key U.S. markets. This page aggregates official press releases, financial disclosures, and strategic announcements, offering a centralized resource for tracking the company’s portfolio growth and market initiatives.

Access curated updates on property acquisitions, operational milestones, and earnings reports. Users benefit from direct access to primary source materials, ensuring accurate tracking of NSA’s performance within the competitive self-storage sector. Content spans quarterly financial results, brand expansions under its iStorage and SecurCare platforms, and leadership updates.

Regularly updated with verified information, this page supports informed analysis of NSA’s decentralized management model and metropolitan-focused growth strategy. Bookmark this resource for efficient monitoring of the trust’s evolving position in the commercial real estate landscape.

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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.

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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.

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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.

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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.

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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.

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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.

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National Storage Affiliates Trust (NSA) has announced a management transition. Effective April 1, 2023, Tamara Fischer will move from CEO to Executive Chair, while David Cramer, currently President, will take on the role of CEO. Cramer, who joined NSA in 2020, has extensive experience in the self-storage sector and was instrumental in growing NSA’s portfolio from 250 to over 1,100 properties. Derek Bergeon will be appointed Executive Vice President and COO on the same date. This transition aims to ensure continuity in leadership and leverage Cramer’s proven management capabilities for future growth.

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National Storage Affiliates Trust (NYSE: NSA) declared cash dividends for Q4 2022. Shareholders will receive $0.55 per common share, reflecting an annualized rate of $2.20. Additionally, a $0.375 dividend will be paid on 6.000% Series A Preferred Shares. These dividends are payable on December 30, 2022, with a record date of December 15, 2022. As of September 30, 2022, NSA operates 1,100 self-storage properties across 42 states and Puerto Rico, totaling 71.5 million rentable square feet.

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National Storage Affiliates Trust (NSA) reported third quarter 2022 results with a net income of $40.2 million, down 1.4% year-over-year. Diluted earnings per share were $0.21, compared to $0.26 in Q3 2021. Core FFO rose significantly by 26.3% to $93.1 million or $0.72 per share. Same store NOI increased by 12.1%, driven by a 10.7% revenue rise. Occupancy fell to 92.6%, down 350 basis points. NSA acquired 23 properties for $321.8 million and issued $200 million in senior unsecured notes. Management forecasts Core FFO per share for 2022 at $2.80 to $2.82.

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National Storage Affiliates Trust (NSA) will release its third quarter 2022 financial results after market close on November 2, 2022. A conference call to discuss the results is scheduled for 1:00 p.m. ET on November 3, 2022. Investors can access the call via a dedicated webcast. The company operates 1,076 self-storage properties across 42 states and Puerto Rico, covering approximately 69.9 million rentable square feet. NSA is a prominent player in the self-storage sector and is part of significant indices including the S&P MidCap 400.

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NYSE:NSA

NSA Rankings

NSA Stock Data

2.81B
70.25M
8.67%
94.12%
4.74%
REIT - Industrial
Real Estate Investment Trusts
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United States
GREENWOOD VILLAGE