---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-012275"
form_type: "8-K"
ticker: "NSA"
cik: "0001618563"
company_name: "National Storage Affiliates Trust"
filed_at: "2022-05-04T23:59:59+00:00"
generated_at: "2026-06-26T00:44:29.881766+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NSA Q1 net income up 62%, Core FFO per share +39%; raises 2022 same-store NOI and FFO guidance

## Summary
- Net income $44.8M ($0.24 diluted EPS) vs $27.6M ($0.19) in Q1 2021; Core FFO $0.68/share, +38.8% per share.
- Same-store NOI grew 22.2% on 16.6% revenue growth; period-end occupancy 94.8% (+140 bps).
- Acquired 12 wholly-owned properties for $92.9M; issued $125M senior notes at 2.96% due 2033.
- PRO Northwest retired; management internalized; Kroll upgraded operating partnership to BBB+.
- Unconsolidated venture acquired 7 properties for ~$208M post-quarter (NSA contributed ~$52M).

## SEC filing metadata
- accession: 0001628280-22-012275
- form_type: 8-K
- ticker: NSA
- cik: 0001618563
- company_name: National Storage Affiliates Trust
- filed_at: 2022-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618563/000162828022012275/0001628280-22-012275-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618563/000162828022012275/nsa-20220504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-012275
- JSON: https://secwatch.observer/filing/0001628280-22-012275.json
- Plain text: https://secwatch.observer/filing/0001628280-22-012275.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.