secwatch.observer — SEC 8-K summary
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Issuer:     National Storage Affiliates Trust (NSA)
CIK:        0001618563
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001628280-23-014568
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NSA Q1 2023 net income down 9.8% YoY; Core FFO per share -2.9%
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- Net income $40.4M (-9.8% YoY); diluted EPS $0.24 (flat YoY).
- Core FFO $85.9M ($0.66/share, -2.9% YoY) as same-store NOI growth offset by higher interest.
- Same-store NOI +4.8% (revenue +5.7%, expenses +8.3%); occupancy 89.8% (-380bps).
- Acquired 16 properties for ~$160.5M; repurchased 1.6M shares for $69.3M.
- Post-quarter: $120M private placement of 5.75% senior notes due 2028; Kroll affirmed BBB+ stable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618563/000162828023014568/0001628280-23-014568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618563/000162828023014568/nsa-20230501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-014568

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