NSA reports Q4 net income $108.1M; Core FFO per share down 4.2% YoY

National Storage Affiliates Trust

2023-FY EPS reported $1.48 revenue$858,063,000

Net income $108.1M ($0.72 diluted EPS) vs $50.4M ($0.31) in Q4 2022; Core FFO $83.6M ($0.68/share), down 4.2% per share.
Same store NOI decreased 1.6% YoY; period-end occupancy 86.0%, down 410 bps from Dec 2022.
Acquired two wholly-owned self storage properties for ~$25M; issued $8.1M OP equity.
Issued $250M senior unsecured notes at 6.58% weighted avg rate (5.8yr maturity); repurchased 852,771 shares for $27.4M.
Entered agreement to sell 71 wholly-owned properties for ~$540M; formed two JVs (75%/25%) with Heitman and state pension fund.

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 December 31, 2023 results: net income $108.1 million, EPS $0.72.

Period: the quarter ended December 31, 2023
Net income: $108.1 million
EPS: $0.72
Result: reported results

Exact text from the filing

Reported net income of $108.1 million for the fourth quarter of 2023, an increase of 114.5% compared to the fourth quarter of 2022. Reported diluted earnings per share of $0.72 for the fourth quarter of 2023 compared to $0.31 for the fourth quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

National Storage Affiliates Trust reported full year 2023 results: net income $237.0 million, EPS $1.48.

Period: full year 2023
Net income: $237.0 million
EPS: $1.48
Result: reported results

Exact text from the filing

Reported net income of $237.0 million for full year 2023, an increase of 29.0% compared to full year 2022. Reported diluted earnings per share of $1.48 for full year 2023 compared to $0.99 for full year 2022.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

National Storage Affiliates Trust filing history →

Source: SEC EDGAR

accession 0001628280-24-007575

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