NSA reports Q1 net income $95.1M, Core FFO $0.60 (down 9.1% YoY); corrects Q3 2023 same-store data

National Storage Affiliates Trust

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

Net income $95.1M (up 135.4% YoY); diluted EPS $0.65 vs $0.24.
Core FFO $72.4M or $0.60 per share, down 9.1% per share from Q1 2023.
Same store NOI decreased 3.7%; same store period-end occupancy 85.9%, down 350 bps YoY.
Repurchased 5.49M common shares for ~$203.5M in Q1; additional 1.91M shares for $71.6M subsequent to quarter-end.
Clerical error corrected: Q3 2023 same store rental revenue and NOI in schedules 7 & 8 understated by $3.6M.

item 2.02 item 8.01 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 first quarter 2024 results: net income $95.1 million, EPS $0.65.

Period: first quarter 2024
Net income: $95.1 million
EPS: $0.65
Result: reported results

Exact text from the filing

First Quarter 2024 Highlights • Reported net income of $95.1 million for the first quarter of 2024, an increase of 135.4% compared to the first quarter of 2023. Reported diluted earnings per share of $0.65 for the first quarter of 2024 compared to $0.24 for the first quarter of 2023.

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Source: SEC EDGAR

accession 0001628280-24-020613

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