secwatch.observer — SEC 8-K summary
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Issuer:     National Storage Affiliates Trust (NSA)
CIK:        0001618563
Form:       8-K
Filed at:   2025-08-04T23:59:59+00:00
Accession:  0001618563-25-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NSA Q2 core FFO $0.55/share (-11.3% YoY); same-store NOI down 6.1%
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- Net income $31.0M (-4.1% YoY); diluted EPS $0.19 vs $0.16.
- Core FFO $74.4M ($0.55/share), down 11.3% per share vs Q2 2024.
- Same-store occupancy 85.0% (down 220 bp); total revenue -3.0% YoY.
- Acquired ~$11.4M in wholly-owned properties; agreed to sell ten for ~$66.5M.
- Revised guidance cited soft demand, supply pressure, and concession use.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618563/000161856325000018/0001618563-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618563/000161856325000018/nsa-20250804.htm
  HTML page:      https://secwatch.observer/filing/0001618563-25-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer