secwatch.observer — SEC 8-K summary
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Issuer:     National Storage Affiliates Trust (NSA)
CIK:        0001618563
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001628280-24-007575
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618563/000162828024007575/0001628280-24-007575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618563/000162828024007575/nsa-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007575

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