---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-027774"
form_type: "8-K"
ticker: "NSA"
cik: "0001618563"
company_name: "National Storage Affiliates Trust"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:19:31.558697+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-027774
- form_type: 8-K
- ticker: NSA
- cik: 0001618563
- company_name: National Storage Affiliates Trust
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618563/000162828023027774/0001628280-23-027774-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618563/000162828023027774/nsa-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-027774
- JSON: https://secwatch.observer/filing/0001628280-23-027774.json
- Plain text: https://secwatch.observer/filing/0001628280-23-027774.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618563/000162828023027774/0001628280-23-027774-index.htm

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