secwatch.observer — SEC 8-K summary
======================================

Issuer:     National Storage Affiliates Trust (NSA)
CIK:        0001618563
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001628280-22-012275
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618563/000162828022012275/0001628280-22-012275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618563/000162828022012275/nsa-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012275

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