NSA Q2 net income down 6.1% YoY; full-year guidance lowered

National Storage Affiliates Trust

2023-Q2 EPS reported $0.56 revenue$423,504,000

Net income $45.5M (-6.1% YoY); diluted EPS $0.28 vs $0.24 in Q2 2022.
Core FFO $88.2M ($0.68/share), down 4.2% per share YoY.
Same store NOI +3.4% (revenue +2.8%, opex +1.4%); occupancy 90.0% (down 450bps).
Issued $120M senior unsecured notes due 2028 at 5.75% effective rate.
CEO: Full-year same store and Core FFO per share guidance lowered on softer spring leasing and higher rates.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

National Storage Affiliates Trust reported the quarter ended June 30, 2023 results: net income $45.5 million, EPS $0.28.

Period: the quarter ended June 30, 2023
Net income: $45.5 million
EPS: $0.28
Result: reported results

Exact text from the filing

Reported net income of $45.5 million for the second quarter of 2023, a decrease of 6.1% compared to the second quarter of 2022. Reported diluted earnings per share of $0.28 for the second quarter of 2023 compared to $0.24 for the second quarter of 2022.

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Source: SEC EDGAR

accession 0001628280-23-027774

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