NSA Q1 net income up 135% to $95.1M but core FFO down 9.1% per share

National Storage Affiliates Trust

2024-Q1 EPS reported $0.65 revenue$196,148,000

Net income $95.1M, diluted EPS $0.65, up 135% YoY.
Core FFO per share $0.60, down 9.1% YoY; same-store NOI fell 3.7%.
Period-end occupancy 85.9%, down 350 bps YoY; revenue down 1.5%, expenses up 4.5%.
Repurchased 5.49M shares for ~$203.5M in Q1; additional 1.91M shares for ~$71.6M post-quarter.
Completed sale of 71 wholly-owned properties for ~$540M; contributed 56 properties to new JV with Heitman (25% NSA stake).

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 0.9

National Storage Affiliates Trust reported the quarter ended March 31, 2024 results: net income $95.1 million, EPS $0.65.

Period: the quarter ended March 31, 2024
Net income: $95.1 million
EPS: $0.65
Result: reported results

Exact text from the filing

National Storage Affiliates Trust ("NSA" or the "Company") (NYSE: NSA) today reported the Company’s first quarter 2024 results.

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Source: SEC EDGAR

accession 0001628280-24-019600

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